APAC Insider Magazine Issue 11 2018 Ansiderac Parke Lawyers Clients Benefit from Best in Class Legal Advice Parke Lawyers were recognised among the winners of the 2018 APAC Legal Awards programme as the Best Family Law Firm in Australia. Following this, we were eager to find out more about this innovative firm through its Managing Director, Jim Parke. Also inside this issue: Signature Day Spa Wellness Centre Courts Indonesia PT Tbk Clients Benefit from Best in Class Legal Advice The company was recognised by APAC Insider’s Winner’s Review label as the ‘Best Household Consumer Outlet of 2018’ in Indonesia. Following this well-deserved win, we profiled Courts to find out how it has driven its outstanding success in the region.
2 APAC / Issue 11 2018 APAC Insider Magazine is dedicated to providing you with the latest news and updates from across the Asia Pacific region. In issue 11 of the magazine, as we come to the end of another year, we look towards the future of the region’s businesses. This month we spoke with the Managing Director of Parke Lawyers, Jim Parke, who has created one of the finest boutique law firms in Australia. Through their expertise in family and business law, they have amassed a client base that includes local governments, banks, large companies, family-owned businesses and private individuals. On the back of an extraordinarily successful year, they were recognised in the 2018 APAC Legal programme. Naturally, we were eager to find out more. A regular contributor to APAC Insider, 1-Stop are a global leader in port logistics solutions. In this issue, 1-Stop take a moment to discuss the importance of diversity in their industry and the efforts they are taking to ensure that their recruitment process champions improving the working environment. Finally, following their success in our Winners’ Review programme as the ‘Best Household Consumer Outlet of 2018’, we profile Courts Indonesia to find out how they have spearheaded their extraordinary growth across Asia. Here at APAC Insider Magazine, we hope that you enjoy reading this month’s insightful issue and hope to hear from you soon. Laura Brookes, Editor Phone: +44 (0)20 3970 0082 Email: [email protected] Website: www.apac-insider.com AI Global Media, Ltd. (AI) takes reasonable measures to ensure the quality of the information on this web site. However, AI will not assume any legal liability or responsibility for the accuracy, correctness or completeness of any information that is available through this web site. If errors are brought to our attention, we will try to correct them. The information available through the website and our partner publications is for your general information and use and is not intended to address any particular finance or investment requirements. In particular, the information does not constitute any form of advice or recommendation by us or any of our partner publications and is not intended to be relied upon by users in making or refraining from making any investment or financial decisions. Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party named in the site is at your sole risk and responsibility.
APAC / Issue 11 2018 3 , 4. nextLiFi and Two Bulls Announce Software Development Partnership to Develop the Next Generation of Wireless Applications Using Light to Transmit Data 5. JinkoSolar to Supply 255MWp Solar Panels to One of the Year’s Largest Solar Farms in Australia 6. Clients Benefit from Best in Class Legal Advice 8. Walt Disney Company tops 2018 FutureBrand Index of futureproof companies 10. Women Working in IT, Logistics and the Supply Chain 12. Indonesia’s Leading Household Consumer Retailer 13. The Global Construction Market Was Estimated to be Around $17140 Billion as of 2017 14. ThirdEye partners with Moyan Technology in China for a long term partnership to deploy ~50,000 Smart Glasses into China Market 16. Yuchai Launches China’s First Series of 10 OffRoad Tier 4 Engines 18. WuXi Biologics Commenced Construction of 48,000L Biologics Commercial Manufacturing Center in Shijiazhuang 19. Thailand Board of Investment’s Incentive Schemes Set to Support Infrastructure Development for EEC 20. Mitsubishi Motors Australia Ltd. Partners with Fleet Complete to Bring Powerful Fleet Management Solutions to Australia 22. Metro Optical and LXT Networks Partner to Deliver Internet Access and SDWAN Services 23. KT Corp. to Open Virtual Reality (VR) Center in Malaysia 24. Creating your own custom blockchain items is now effortless thanks to Enjin’s ‘Mintshop’ 25. Chinese Dairy Giant Yili Group Launches in Indonesia 26. Compare Bear Now Helped Thousands of Aussies Reduce the Cost of Living 27. Epichlorohydrin Market Size Worth $4.40 Billion By 2030 28. The Oceania Cannabis Report™ Projects Regional Cannabis Industry Estimated to be Worth AUD $12.3 Billion by 2028 29. Air Products Lu’an Coal Gasification Project in China Fully Onstream 30. Running without charging: Hanergy Offers New Solar-powered Express Delivery Cars to China’s Top Delivery Companies
4 APAC / Issue 11 2018 NEWS , nextLiFi and Two Bulls Announce Software Development Partnership to Develop the Next Generation of Wireless Applications Using Light to Transmit Data nextLiFi and Two Bulls have entered into a partnership to develop various IoT software applications that uses LiFi instead of WiFi to transmit data over the visible light spectrum in a number of Industry sectors that include Smart Cities, F&B, Military applications and Medical.
APAC / Issue 11 2018 5 NEWS , NextLiFi, an Australian Company and leading specialists in Li-Fi technology with offices in Australia, Hong Kong and Singapore are pleased to announce that the company will enter into a strategic alliance with IoT software specialists Two Bulls to create a series of commercial products that leverage the company’s LiFi technology that utilises light to transmit data rather than Radio Frequency that we know as WiFi. Two Bulls is a digital product consultancy with offices in Melbourne and New York. IoT and connected device specialists, Two Bulls specializes in the design, development and deployment of cutting-edge digital products. Clients include leading global organisations including Verizon, Vodafone, Qualcomm, Disney and many more. Two Bulls have also been involved in a number of successful startups including Breadcrumb – the world’s first iPad powered POS system that was acquired by Groupon in 2012. About Li-Fi Li-Fi data transfer, sometimes called visible light communication (VLC), is achieved by modulating Laser or LED-based lighting, on and off, at a very high rate – so fast, it is imperceptible to the human eye. Since the visible light spectrum is 10,000 times larger than the radio frequency spectrum, Li-Fi is capable of data transfer speeds around 100 times greater than Wi-Fi and may have an important role to play in solving bandwidth congestion issues as more devices connect to the IoT. In particular, Li-Fi holds out the promise of smart lighting that doesn’t just illuminate a space, but also provides its wireless data connectivity. Since light can’t pass through walls, data transmitted is limited to that space alone providing for a highly secure gateway platform for IoT interaction, at the same time taking pressure off the existing WiFi network protecting against network crunch. With the impact of the IoT Industry upon us now and growing at a rapid rate, as well as the number of connected devices and increased JinkoSolar Holding Co., Ltd. (“JinkoSolar” or “Company”), (NYSE code: JKS) one of the world’s largest solar module manufacturers, announced today that it has entered into the Contract for the Supply of PV Modules with Decmil Australia Pty Ltd on September 27, 2018, for supply 255MWp of its high efficient solar panels for the Sunraysia Solar Farm (“Project”) developed by Maoneng Group. The Sunraysia Solar Farm is expected to be the largest solar farm to have commenced construction in Australia this year and will also be one of the largest solar farms in the world upon construction completion. The Project will also include a large scale battery storage array. The Project is being developed by Maoneng Group (“Maoneng”), an Australian-Chinese developer, owner and operator of renewable power generation assets. Maoneng has a development pipeline of 500MW of solar farms within Australia and sells energy and large-scale generation certificates (“LGCs”) to Australian businesses and governments through a combination of medium and long-term contracts. Maoneng commissioned a 13MW solar farm under the ACT Government’s Reverse Solar Auction scheme in November 2016. Maoneng reached Financial Close for the 255MWp Sunraysia Solar Farm in October 2018. JinkoSolar to Supply 255MWp Solar Panels to One of the Year’s Largest Solar Farms in Australia requirements for wireless-enabled data constantly on the rise, as nextLiFi’s technology matures and new applications for smart city infrastructure become Li-Fi enabled, the forecasted value of the global LiFi market and evolving LiFi use cases are immense. Li-Fi Market size forecast worth $75.5 billion by 2023: Global Market Insights, Inc. Li-Fi Market size is anticipated to reach USD 75.5 billion by 2023; as per a new research report by Global Market Insights, Inc. Increasing 4G demand and the impending RF spectrum crunch will drive the commercialisation of the global Li-Fi market. nextLiFi is heavily involved in the development and design of Hybrid applications using Li-Fi alongside other existing wireless applications. Since Li-Fi uses the visible light spectrum, the technology is expected to complement Wi-Fi in environments where the latter is not suitable. This includes environments such as healthcare, banking and military where data security is paramount. The Research and Development teams from NextLiFi and Two Bulls will be collaborating out of their Melbourne Offices together lead by nextLiFi’s Chief Technology Officer Doctor Masud Bakaul and Two Bulls’ Partner Evan Davey. “Through this industry collaboration, we are expanding our research development and commercialisation horizons in the exciting domain of visible light, which has really strong potential to disrupt the entire wireless industry and benefit the global economy,” Doctor Bakaul said. At NextLiFi, Founder and CEO Gary Mackenzie said he is excited to see the increased commercial appetite and progress in the field of visible light communication and expects the alliance with Two Bulls will assist in nextLiFi’s products growing “exponentially” in the next few years, “especially in the IoT sector due to its vast benefits, with low entry cost, much larger bandwidth spectrum and superior security advantages to WiFi.” He anticipates that the company’s first commercial Li-Fi applications will be used in industry within the coming 12 months. The Sunraysia project forms a key step of AGL Energy (“AGL”)’s plan to replace the aging and increasingly decrepit Liddell coal-fired generator. This Project is underpinned by two world class Power Purchase Agreements (PPAs) under which UNSW Sydney and AGL purchase energy over 15 years. The Project is expected to generate around 400 construction jobs in Balranald, leading to significant local economic growth and creating opportunities among local community as to participate in the renewable energy sector. JinkoSolar has been chosen to supply all 255MWp panels, including its latest HC Cheetah series products, for the Project attributable to the high efficiency and reliability of its solar panels, its plentiful experiences in global utility-scale projects, and good records of duly delivery. “JinkoSolar has demonstrated professionalism as a tier one global manufacturer. We look forward to the cooperation with JinkoSolar not only on this Sunraysia Solar Farm over the next 14 months, but also on future pipeline projects in Australia and the greater South East Asia region,” said Morris Zhou, Group Executive Director of Maoneng. “JinkoSolar’s panels deliver cost-competitive power with proven long-term reliability, and we are proud to play a significant role in serving AGL’s goals for generating clean and renewable solar power,” said Gener Miao, Sales & Marketing VP of JinkoSolar.
6 APAC / Issue 11 2018 , From the very beginning, Parke Lawyers have built their substantial success on the back of a dedication to four crucial pillars of operational excellence; expertise, knowledge, understanding and specialisation. In this, the firm is comprised of specialists and experts in a number of fields, including Wills & Estate Planning, Property Law, Family Law, Business Law, Commercial Litigation and Criminal Law. In Family Law, they have gained particular recognition on the back of a commitment to providing an utterly client-centric approach in a field that so desperately requires, at times, a velveteen touch and no small amount of honed experience. As Jim explains: “The ability to bring separated couples to mediation and navigate a workable way forward for the couple, their children, finances and property settlement requires a strict control of constantly moving parts.” Since 1994, Parke Lawyers have amassed a client base Clients Benefit from Best in Class Legal Advice Parke Lawyers are a leading, national boutique law firm with a specialised expertise in commercial litigation and business law. In September, Parke Lawyers were recognised among the winners of the 2018 APAC Legal Awards programme as the Best Family Law Firm in Australia. Following this, we were eager to find out more about this innovative firm through its Managing Director, Jim Parke. that includes local governments, banks and large companies, alongside family-owned businesses and private individuals. This speaks volumes about the firm’s ability to exceed expectations, regardless of the complexity of the case at hand. Jim is quick to emphasise the firm’s attitude to client service: “We show our commitment to our clients by ensuring we understand their problem quickly and thoroughly and proceed to use our best resources to ensure our clients’ matters are resolved where we exceed their expectations. In order for us to do this, we have to ensure we are continually abreast of all changes in the law and technology that gives us the tools to conduct our work to the highest order.” Further to all of this, Parke Lawyers go above and beyond when it comes to community service, showing support to Rotary, community Christmas carol events, and family festivals. “Commitment to community begins in the work environment and Parke Lawyers believes that an inclusive workplace gives clients true insight and exceptional service. After all, this isn’t only good for business, it is the right thing to do.” Contact: Jim Parke Company: Parke Lawyers Address: Level 4/488 Bourke St, MELBOURNE VIC 3000 Australia Suite 5/1153 Burke Rd, KEW VIC 3101 Australia 8 Market St, RINGWOOD VIC 3134 Australia Phone: + 61 03 8699 4000 Website: pl.com.au LG180035
1809AP01 Our Treatments times are between: Monday to Thursday 9.30 am to 6.30 pm Friday to Saturday 9.00 am to 8.00 pm Sunday By Appointment* 9.30 am to 4.00 pm Email: [email protected] Address: 77 Parramatta Rd Camperdown NSW 2050 Phone: 02 9517 2525 *Sunday Appointments attract a 7% surcharge and must be confirmed and Pre Paid by the previous Wednesday. Lifestyle Spa of the Year 2018
8 APAC / Issue 11 2018 , Walt Disney Company tops 2018 FutureBrand Index of futureproof companies • 2018 FutureBrand Index, issued today, reveals the most futureproofed of the world’s top 100 companies. • The Walt Disney Company tops the Index. • Of the top 25 most futureproofed brands,13 are from the US. • Chinese newcomer Kweichow Moutai straight into second place – one of the top six most futureproofed Chinese brands. • Companies that blend purpose with experience seen as best positioned for future success. • Tech sector perception evolves: to succeed, technology must be backed up by purpose. The Walt Disney Company is the global firm that’s best positioned for future success, according to the 2018 FutureBrand Index, which is published today (9 October 2018). The Index re-orders PwC’s Global Top 100 – the largest companies in the world by market capitalisation. It uses responses from 3,000 senior business figures from across the globe to measure each firm’s ‘futureproof factor’ – how strongly they’re positioned for future success. It produces a ranking, where at the top stand the brands judged to have the right qualities in balance to make people want to work for, buy from and invest in them. The dominant theme emerging from the 2018 Index is that the companies seen as best positioned for future success are those that that blend purpose with experience. Several other striking themes emerge: China’s rise is entering a new phase, the tech sector is faltering, and many of the world’s oldest firms in unfashionable sectors are proving more durable than expected. US dominant – but China moving up With 54 of the PWC Top 100 and 13 of the 25 most future proofed brands – including The Walt Disney Company as the number one most futureproofed brand – US firms dominate both the list of today’s successful global companies and the list of those companies best positioned to succeed in the future. The top futureproofed brand in 2016 was Apple, which drops to fourth in this year’s Index. Gilead Sciences, Nike, AbbVie and Nvidia are the other US companies in the top ten. Last year’s second-placed company, Microsoft, drops 10 places to 12. But although there are far more US firms in both the PWC Top 100 and the FutureBrands list than from any other country, both also feature more Chinese firms than ever before, with six of the most futureproofed companies in the FutureBrand Index and 12 in the PWC Top 100. And the company that came second in this year’s list of the most futureproofed brands is Chinese spirits giant Kweichow Moutai. Increasingly, the story of China is not one of a rising middle class aspiring to Western brands; it is Chinese brands offering new competition to established players in the North American and European markets. The evolution of tech The Index suggests that consumers’ perception of technology companies is evolving, with the purpose behind their ground-breaking technology coming into sharper focus. To be successful in the 2018 Index, tech sector firms must do more than come up with the latest technology – they must use it to create better products, services and experiences that improve the lives of their customers. This year, almost every tech company in the Index has fallen in the rankings and have seen dramatic drops in perceptions of having a clear sense of the future (from 39% in 2014 to 34% in 2018), inspiring change for the better (from 34% in 2014 to 29% in 2018) and having strong ideas and principles (from 36% in 2014 to 31% in 2018). Despite their financial success, the tech sector has also seen falls in individual trust levels (from 35% in 2014 to 30% in 2018). No room for complacency Since the first Index was published in 2014, nine companies have consistently been classed as futureproofed brands: Apple, Intel, Microsoft, Inditex, Walt Disney, AbbVie, Johnson & Johnson, Samsung, and Toyota. Nick Sykes, President International, FutureBrand, says: “It’s a bit of a new era marketing
APAC / Issue 11 2018 9 cliché to say that to survive, all brands must have instant appeal, and be agile and fast-moving. We say that in fact, the bestmanaged brands are those that combine a compelling brand experience with a clear sense of purpose and these nine, more established companies, are a good example of that.” Balance is best Sykes says: “The FutureBrand The Future of Terminals Battling Increased Capacity, Manila Case Study g Index is unique because it reveals the future potential of the world’s most prominent companies. It is not based on assumptions or our opinions but rather it’s a robust view of how these companies are perceived and, as ever, it’s yielded some fascinating results. “The Index shows that the brands performing the best, irrespective of which sector they’re in or how well-established they may be, are those that consistently align the totality of the experiences they create with their wider corporate purpose. “Comparing this year’s results to previous versions of the Index shows there’s no room for complacency. If brands lose their focus on the balance of attributes they need for future success, they quickly fall down the rankings.”
10 APAC / Issue 11 2018 , As an IT company operating in the Maritime and Logistic sector, we understand the challenges companies face in creating a gender diverse workplace. While 31% of our team are female and 34% of hires over the last five years were women, we are always looking for opportunities to improve. At 1-Stop we pride ourselves on knowing that every new hire and every promotion is made solely on identifying the best person for the role. We are proactive in creating an environment where everyone is given the opportunity and tools to succeed. We recognize that people are different, and that uniqueness is what makes us successful. We have company policies and people-strategies, to create fairness and treat people equitably. While the 1-Stop leadership team are key in pushing diversity strategies and initiatives, every team member is an unofficial champion of diversity. This means the diversity mindset is integrated throughout our business at every level. Women Working in IT, Logistics and the Supply Chain 1-Stop has a robust recruitment program which includes objective criteria for each role, minimizing the chance of recruiter subjectivity. We are in the process of rolling out recruitment training for all our hiring managers, covering topics such as writing gender-neutral job ads, inclusive interviewing techniques, recruitment biases, and Anti-Discrimination Law. Training our team leaders on potential biases means they actively challenge their decisions, and those of their colleagues during the hiring process. Understanding how conformity bias, similarity bias, attribution bias or confirmation biases operate (as examples), mean they are better prepared to avoid them. These same standards are applied for decisions around promotions, salary increases and access to training. We are currently reviewing our Parental Leave policy, aiming to better support parents in transitioning back to work and balancing work/life commitments. At 1-Stop, we work hard to provide a flexible working environment, where employees have the option to start late/ finish early or work from home. While we currently have woman on our leadership and management teams, our next goal is to improve gender diversity at our board level. 1-Stop operates in markets across the world, and having employees from many different cultures, helps us better understand, anticipate and exceed our client’s expectations. We are supportive of people of all races, genders, and religions, and take care to be inclusive in the way we operate. We provide a prayer room in our office, flexibility to attend church/mosque/temple during work hours, promote a family friendly office, organize social events which cater to a wide range of interests and provide inclusive food and beverage options at each one. We are currently looking to leverage the language skills of our bi-lingual employees to help us build better relationships internationally. We encourage our employees to bring their whole- selves to work and recently hosted a multicultural lunch where employees brought food which reflects their culture to share with the team. While there has been a rise of women working in the IT, Logistics and Supply Chain industry, the ratio of men to women is not yet even, in fact, women comprise only 2% of the world Maritime and Logistic sector. At 1-Stop we have women represented across the business in Business Analytics, Marketing, and Government Relations, Accounting, Human Resources, Product Research, Development and more. As we build the number of women across the business, we create role models and mentors for the next generation of women in 1-Stop. We understand the importance of having women represented across all levels of the business. It’s good for our team, and research has shown time and time again that it makes good business sense. With a CEO who champions gender diversity and a company that is proactive about improving inclusion for women and minorities, I am excited about our future as we work together to enhance and innovate the port community. We are always looking for more talent, reach out to us and send through your resume [email protected] Lauren Ratcliffe HR Manager 1-Stop Connections
APAC / Issue 11 2018 11 Women Working in IT, Logistics and the Supply Chain g
12 APAC / Issue 11 2018 , It all started in 2014, when Courts entered the Indonesian market, by opening of the first Megastore in Kota Harapan Indah, Bekasi. Since then, Courts Indonesia has experienced impressive growth and expansion, with total of 30 stores around greater Jakarta and West Java areas. In the time since, Courts has become the definitive choice of household outlet in the region, with a dedication to competitive prices and high-quality items. Over the last four years, they have expanded their product range in electronic, IT and furniture categories, further solidifying their presence as a leading outlet in Indonesia. To stay at the very cutting edge of the market, Courts’ company ethos revolves around innovation, ensuring that swiftly evolving consumer needs are always met. As such, the company strives to renew each of its outlets with new layouts on a regular basis, guaranteeing that the shopping experience never grows stale or outdated. This is something that few retail stores are doing, in Indonesia or indeed, South East Asia, serving Indonesia’s Leading Household Consumer Retailer to further distinguish Courts Indonesia from the competition, and putting the consumer at the very heart of their operations. The future of Courts Indonesia is one continuing very much along the same path – a commitment to consumer satisfaction, and a drive to innovate, delivering experiences that are markedly different from their peers and competitors. For this, Courts Indonesia was recognised by APAC Insider as the ‘Best Household Consumer Outlet’ this year – a well-deserved accolade that few others would be eligible for. Address: Courts Megastore BSD Jl. BSD Raya Utama, Blok G-03 Ds. Lengkong Kulon, Pagedangan Tangerang, Banten 15539, Indonesia Website: www.courts.co.id WR180001 Courts Retail Indonesia PT, is a subsidiary of Courts Asia Limited, one of the leading retailers in Southeast Asia. In September, the company was recognised by APAC Insider’s Winner’s Review label as the ‘Best Household Consumer Outlet of 2018’ in Indonesia. Following this well-deserved win, we profiled Courts to find out how it has driven its outstanding success in the region.
APAC / Issue 11 2018 13 , The construction industry includes architectural services, the physical processes of building, infrastructure development, civil engineering, the assembly and installation of prefabricated components and equipment, and repairs and maintenance for already built structures. This industry is further classified as follows – Construction Of Buildings – The building construction industry includes establishments involved in the construction of residential and non-residential buildings. Heavy And Civil Engineering Construction – The heavy and civil engineering construction market comprises companies carrying out utilities, highway, street and bridge construction. Specialty Construction Contractors – The specialty construction contractor’s industry includes establishments involved in performing specific activities such as pouring concrete, site preparation, plumbing, painting The Global Construction Market Was Estimated to be Around $17140 Billion as of 2017 The global construction market is expected to grow to $24334.9 billion in 2021 at an impressive compound annual growth rate (CAGR). This can be attributed to the growing economy in emerging countries, increasing population, rising public-private partnerships in infrastructure development, and increasing government investments in large-scale infrastructure projects such as railways and highways. and electrical work related to construction of buildings. Land Planning And Development – This industry includes land development establishments that service land and subdivide real property into lots, for subsequent sale to builders. Asia Pacific was the largest region in the global construction market, with almost 60% share of the market. This was mainly due to the presence of a large number of construction companies serving a large customer base in countries such as China and India and high government spending on infrastructure projects such as roads, railways and residential buildings in the region. Building Construction was the largest segment in the construction market with almost 49% share of the market worth $8452 billion. This was mainly due to the large number of building construction companies in both developed and developing countries such as the USA, China, Japan and India to cater to a large customer base in these regions. Merger and acquisition activities in the construction market have been at a high level in the last three years. Major deals include those done by AECOM, Jacobs Engineering, John Wood Group, SNC-Lavalin, Zhejiang Jiangshan Chemical, Salini Impregilo, and Standard Pacific Corp. China State Construction Engineering Corp. was the largest company in the construction market in 2017 with 0.68% share of the market.
14 APAC / Issue 11 2018 , Moyan Technology, backed by Chinese Central Media, Guangdong Government Media, Guangdong Government Business / Association / Society, Industry Business / Association / Society, Government Cultural Department, Government Science and Technology Department is an enterprise market Pioneer and leader in China in deploying AR technologies. Moyan has previously successfully deployed to hundreds of thousands of users in the Cultural media, tourism, education, manufacturing, healthcare and other sectors of the Chinese markets. “Moyan Technology is excited to create this core partnership ThirdEye partners with Moyan Technology in China for a long term partnership to deploy ~50,000 Smart Glasses into China Market and bring ThirdEye’s AR Smart Glasses and platforms to the Chinese market,” says Aeolus Tang- the Co-Founder of Moyan Technology. “The Chinese market is biggest and untapped market in the world & strong AR platforms can have a tremendous impact across many sectors here. ThirdEye’s platforms with their smart glasses and built-in AR software such as AR Remote Help for manufacturing or 3D overlay apps provided us the easiest to implement solution since it is an all-in-one AR product. We are looking forward to a long term partnership.” “We are looking forward to being the first smart glasses to be deployed at this scale into the Chinese market,” – Nick Cherukuri- Founder of ThirdEye. “ThirdEye’s Smart Glasses, proprietary SLAM platform and built-in AR/MR apps make it an easy-to-deploy solution.” ThirdEye & Moyan will be deploying the X2/X3 Smart Glasses & ThirdEye Remote Help & ScanEye 3D platforms. In the form factor of nearly a pair of sunglasses, the ThirdEye Smart Glasses have ~45 degree field of view, 1080p Full HD Resolution, a VisionEye™ SLAM SDK, WiFi/ Bluetooth/GPS, etc. In addition, ThirdEye has partnered with a major manufacturer which will enable the Smart Glasses to be shipped in mass scale- currently a significant hurdle for AR hardware. ThirdEye has been taking purchase orders & the official unveil will be at CES 2019. ThirdEye Gen, Inc. announced a core partnership and technology shareholding with Moyan Technology Guangzhou Co., Ltd. in China to deploy ThirdEye’s AR smart glasses & AR/MR software platforms into the Chinese market
APAC / Issue 11 2018 15 ThirdEye partners with Moyan Technology in China for a long term partnership to deploy ~50,000 Smart Glasses into China Market g
16 APAC / Issue 11 2018 , This launch signifies that Yuchai has completed its strategic deployment of its National VI engines for the on-road and Tier4 compliant engines for off-road markets. Yuchai’s product roll-out is on track with the Chinese government’s Action Plan for its Blue-Sky Protection Initiative. The Chairman of the China Internal Combustion Engine Industry Association, the General Secretary of the China Construction Machinery Association, Deputy Secretary of the China Association of Agricultural Machinery Manufacturers, senior officials of the Ministry of Agriculture and Rural Affairs, as well as 118 leading construction and agricultural equipment OEM producers and agricultural equipment manufacturers such as Guangxi Liugong, Shangdong Lingong, Zoomlion and Lovol Heavy Industry were in attendance. 194 distributors also attended this event. Senior executives from Yuchai and representatives from Lovol Heavy Industry and Bosch Fuel Yuchai Launches China’s First Series of 10 Off-Road Tier 4 Engines System made key note speeches during the press conference. The 10 off-road engines Yuchai unveiled at the press conference not only met the forthcoming national standard Tier 4 for the off-road segment, but they also feature the best-in-class powertrain systems and fuel efficiency with fully upgraded NVH features. These engines are designed to meet the versatile demands of customers in the agricultural machinery and industrial equipment markets. Co-developed with German, Austrian and British engine design houses FEV, AVL and Ricardo, respectively, Yuchai’s new off-road engine portfolio include the A, F, K series: the YCA05-T40, YCA07-T40 and YCA08-T40 models are medium- to heavy-duty engines; the YCF36-T48 and YCF36-T40 models are light-duty engines; the YCK09-T40, YCK11-T40, YCK13-T40, YCK15-T40 and YCTD20-T40 models are heavy-duty engines. Ranging from 40-950 horsepower, these engines are designed for various applications for construction machinery such as loaders, excavators, forklifts, air compressor, drillers and agricultural machinery such as tractors, wheat and rice harvesters and more. For loaders and excavators under 30 tons, forklifts below 5 tons, and tractors in the range of 40 to 70 horsepower, Yuchai also introduced the YCR24, YCF27 and YCF30 model lightduty engines. For the bigger models and mining equipment, the heavy-duty products YCK09, YCK11, YCK13, YCK15 and YCTD20 were introduced. These Yuchai Tier-4 products not only meet the more stringent emission standard, but also promise upgraded performances, increased warranty and enhanced durability, with extended service interval. Horsepower and torque have been increased from their Tier-3 predecessors, with industryleading low noise levels and high-combustion low- friction technologies to reduce fuel consumption by approximately 3-5%. New material and advance noise reduction technology will China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), announced today that it has launched 10 new off-road engines compliant with the Tier 4 emission standards at the recent Yuchai Off-road Power Strategy Conference in Wuhan, Hubei Province. improve the NVH and suitability of the engine. In addition, smart software systems will enable problem alerts and remote diagnostics, and after-treatment integration. Weng Ming Hoh, President of China Yuchai, commented,” Our new advanced off-road engines are applicable to all types of agricultural equipment and engineering machinery to meet the diverse needs of different customers. We are practicing the “green development and harmonious win” business philosophy implemented by the Central Committee of the State Council to achieve China’s Blue Sky initiatives. “This new series of 10 off-road engines complement our 14 new on-road engines that are compliant with the upcoming National VI standards. With these two new series of engines, we present the first comprehensive portfolio of advanced engines that meet the next-generation on-road and off-road emission standards in China,” Mr. Hoh concluded.
APAC / Issue 11 2018 17 Yuchai Launches China’s First Series of 10 Off-Road Tier 4 Engines g
18 APAC / Issue 11 2018 , WuXi Biologics (2269.HK), a leading global open-access biologics technology platform company offering end-to-end solutions for biologics discovery, development and manufacturing, today announced that construction has commenced on a Biologics Manufacturing Center of excellence (MFG8), in the city of Shijiazhuang, one hour train from Beijing. The new Biologics Center with 48,000L bioreactor capacity, one of the largest global facilities using disposable bioreactors will be built to meet cGMP standards of the United States, the European Union, and China. It will be the 8th drug substance manufacturing facility of WuXi Biologics which plans to have more than 220,000L manufacturing capacity by 2021. “We are pleased to break ground today and look forward to the operations of this new Biologics Center. This facility will enable WuXi Biologics to develop and manufacture biologics more cost effectively as well as to provide a robust supply chain network for our global partners, and ultimately to benefit patients worldwide,” said Dr. Chris Chen, Chief Executive Officer of WuXi Biologics. WuXi Biologics Commenced Construction of 48,000L Biologics Commercial Manufacturing Center in Shijiazhuang The new Biologics Center will be one of the largest in northern China.
APAC / Issue 11 2018 19 , With the biddings for the development of both projects planned for late 2018, BOI has offered the incentive scheme to attract more investors to participate in the biddings. The investment incentive scheme is aimed to increase investors’ confidence and success opportunity. When completed, the two projects will play a key role in moving the EEC forward as a new regional business hub and accelerate the government’s plan to transform Thai economy. The bidding winner of U-Tapao Airport’s Terminal 3 development project will be granted exemption of import duty on machinery and 8-year corporate income tax (CIT) exemption. In case the developer has cooperation with an educational institution to develop human resources, and BOI will grant 50% reduction of CIT for another three years under the EEC investment incentive scheme. The U-Tapao Airport’s Terminal 3 is part of the Aerotropolis development project. Under public-private partnership format, the Aerotropolis would Thailand Board of Investment’s Incentive Schemes Set to Support Infrastructure Development for EEC To drive concrete development of the Eastern Economic Corridor (EEC), Thailand’s Board of Investment (BOI) has recently approved investment incentive scheme for the bidding winners of U-Tapao Airport’s Passenger Terminal 3 and Digital Park Thailand (EECd) development projects, two among six major development projects in EEC. include the construction of a 7.1 billion-USD (233-billionbaht) Passenger Terminal 3 which will increase the airport’s passenger handling capacity from 5 million passengers to 22 million passengers in 2033, and increase flight handling capacity from currently 25,000 units per year to 120,000 aircraft per year by 2033. When completed, the project will cover additional passenger terminals, cargo zone, cargo & logistics village, commercial gateway, MRO zone, and the aviation training center. While the development of Aerotropolis is taking shape, the government is working on other infrastructure development to build seamless road, rail, sea and air transportation network. Such infrastructure development includes the construction of the 6.8 billion USD (224-billion baht) high-speed train linking the three airports -- Don Mueang Airport, Suvarnabhumi Airport and U-Tapao, the 4.7-billion-USD (155-billion-baht) development of Laem Chabang Port Phase 3 which increases container throughput from 7.7 million TEUs per year to 18.1 million TEUs per year, and 306-million-USD (10.1-billion-baht) Map Ta Phut Port Phase 3 which be able to handle 19 million additional tons of cargo (petrochemicals and natural gas) upon completion. The development of U-Tapao Airport, high-speed train, Laem Chabang Port, Map Ta Phut Industrial Port and MRO Center are included in the Public-PrivateParticipation (PPP) fast track program which shortens bidding process from 40 months to 8-10 months. For the bidding winner of the Digital Park Thailand or EECd, BOI will grant import duty exemption on machinery and CIT exemption for eight years. The investment project including cooperation with the educational institution to develop human resources will enjoy an additional four-year tax holiday. EECd is designed to become the center for digital industry and investment of the region, which will promote commercialized digital innovations that drive Thailand 4.0 transformation. EECd will also play an important part in making Thailand the trade and investment hub for the region’s digital business. Targeted activities for EECd include software development, digital services, digital park, data center, innovation incubation center, cloud service, R&D, and relevant services. The Digital Park Thailand will have comprehensive digital infrastructure, including highspeed optic fiber network, innovation infrastructure such as living lab, and other facilities to support business activities. Built as a Smart City, the EECd will be fully equipped with advanced digital systems, such as face recognition security system, smart tap water system, 5G testing area, etc.
20 APAC / Issue 11 2018 , Mitsubishi Motors Fleet iQ is designed to offer Mitsubishi’s fleet customers an array of services and solutions that enhance mobile resource visibility, safety, and uptime, while reducing total cost of ownership. Mitsubishi Motors Fleet iQ will harness Fleet Complete’s CONNVEX™, a cloud-based data analytics platform for connected vehicles, to create customizable solutions that are aimed at maximizing fleet efficiency and effectiveness. Mitsubishi Motors Fleet iQ will provide customers with insights into several areas of their vehicle operations, including the ability to monitor driver behaviour such as speeding, idling, rapid Mitsubishi Motors Australia Ltd. Partners with Fleet Complete to Bring Powerful Fleet Management Solutions to Australia acceleration, harsh braking and cornering. The devices will transmit real-time vehicle location data, monitor fuel usage, idle time, and report on vehicle diagnostics. This allows for a deeper understanding of how their fleet vehicles are used and, ultimately, how they can be used to reduce operating cost while maximizing revenue generation opportunities. The launch of Mitsubishi Motors Fleet iQ will provide customers with the unique ability to have their vehicles connected with a fleet management solution before they hit the road for the first time. This model will help encourage the adoption of this technology by providing companies with an efficient way to connect their vehicles, while avoiding the associated financial and productivity costs grounding their fleet. “The introduction of our connected fleet vehicle solution is an exciting step forward as we differentiate our fleet proposition to deliver concrete, actionable insights into our customer’s fleet operations with the aim to improve fleet effectiveness and returns. We have the ability to provide better service to fleet customers, through a heightened level of business insights and data collection – and in turn drive both value and vehicle sales in the fleet sector”, said Fulvio Fattore, Head of Fleet for Mitsubishi Motors Australia. Mitsubishi Motors Australia Limited (MMAL) announces the launch of its new Fleet Management solution, Mitsubishi Motors Fleet iQ. “We are excited to join forces with Mitsubishi Motors Australia Limited. This partnership will fasttrack the availability of connected fleet management solutions to businesses across Australia, and we have joined forces with Mitsubishi, knowing that they offer fleet solutions to businesses of all sizes, and all requirements,” said Tony Lourakis, CEO of Fleet Complete. “Through leveraging our CONNVEX connected vehicle infrastructure, we are confident this partnership will enable Mitsubishi to provide a costeffective fleet solution, helping their fleet customers throughout Australia thrive.”
APAC / Issue 11 2018 21 Mitsubishi Motors Australia Ltd. Partners with Fleet Complete to Bring Powerful Fleet Management Solutions to Australia g
22 APAC / Issue 11 2018 , The partnership enables both companies to fully satisfy the requirements and connectivity needs of those ISP’s, Carriers and MNC’s seeking delivery of services in the emerging markets of Myanmar, Laos, Cambodia, Vietnam and Thailand. Metro Optical and LXT Networks have commenced delivering internet access and SDWAN services connecting existing and new customers in the ‘CLMV’ (Cambodia, Laos, Myanmar, Vietnam) region, one of the fastest growing regions in the world. The first service under this partnership arrangement has recently been delivered into Thailand. “Metro Optical has always been committed to providing its customers with first class connectivity, and this partnership confirms our position as a global leader in this space not only in traditional markets but now also in emerging markets in SE Asia,” said Ande Hornig, Principal of Metro Optical. Tom Sastararuchi, Chief Executive Officer at LXT Networks stated: “We are highly satisfied with this partnership agreement with such a progressive player as Metro Metro Optical and LXT Networks Partner to Deliver Internet Access and SDWAN Services Metro Optical, a carrier neutral company that specializes in providing cloud, internet and high capacity global data connectivity and LXT Networks, a wholesale specialist providing intraASEAN terrestrial connectivity, have today announced a strategic partnership to offer internet access and SDWAN services throughout Thailand, Cambodia, Myanmar, Laos and Vietnam. Optical which highlights the strength of our network and the solid nature of our strategy. The partnership with Metro Optical adds further value to investments made by our shareholder StrataNet Group and the development of an innovative and Flexible product set throughout SE Asia.”
APAC / Issue 11 2018 23 , KT Corp. (KRX: 030200;NYSE: KT), South Korea’s largest telecommunications company, plans to launch its first overseas virtual reality (VR) business in Malaysia, the latest move in its efforts to become a global leader in information and communications technology (ICT). KT signed an agreement with Malaysia’s Iskandar Innovations Sdn Bhd (IISB) earlier this month to open a VR center in the southern state of Johor. The signing ceremony took place in KT’s headquarters in downtown Seoul on October 11. Yoon Kyoung-Lim (third from left), head of KT’s Global Business Office, Datuk Khairil Anwar Ahmad (fourth from left), CEO and President of IIB, and other representatives from the two companies are photographed during a signing ceremony of their joint VR business agreement on October 11 at KT’s headquarters in downtown Seoul. Yoon Kyoung-Lim (third from left), head of KT’s Global Business Office, Datuk Khairil Anwar Ahmad (fourth from left), CEO and President of IIB, and other representatives from the two companies are photographed during a signing ceremony of their joint VR business agreement on October 11 at KT’s headquarters in downtown Seoul. The new VR center will be in the international shopping area near Legoland Malaysia, a popular tourist destination in KT Corp. to Open Virtual Reality (VR) Center in Malaysia KT Signs Agreement with Malaysia’s IISB for First Overseas VR Business the special economic region of Iskandar Malaysia, which borders Singapore. KT plans to expand the joint partnership to explore more business opportunities in Malaysia, offering its advanced technology in 5G networks and solutions, smart energy and cyber security. “We are making a significant first step in pursuing cooperative endeavor with IISB and introducing our expertise in VR business,” said Yoon Kyoung-Lim, head of KT’s Global Business Office. “KT will spare no effort or investment to successfully carry out the VR business in Malaysia.” Datuk Khairil Anwar Ahmad of Iskandar Innovations Berhad (IIB), the parent firm of IISB, said, “I believe our cooperation will lead to the development of new solutions beyond VR and AR (augmented reality). The VR center to be set up by our two companies signals the beginning of a long partnership with KT.” IIB is an investment and development firm engaged in the long-term buildup of Iskandar Malaysia. IIB is working to ensure that Malaysia becomes an attractive investment destination and a vibrant, livable region, focusing on high-impact projects in education, tourism, leisure, and health and wellness. To pioneer new businesses with innovative technologies, KT launched two VRIGHT (http:// VRIGHT.com) VR theme parks in Seoul this year in partnership with GS retail, a major convenience store chain operator in South Korea. The company plans to franchise its VR entertainment business next year both at home and overseas. KT is developing immersive media and shopping services by using next-generation ICT, featuring not only VR and AR but also artificial intelligence (AI) and 3D modeling. KT Chairman Hwang Chang-Gyu said last month that the Korean telecom leader would soon launch VR Theater, a VR service on Internet Protocol Television (IPTV).
24 APAC / Issue 11 2018 , Now anyone can create their own blockchain-based items thanks to a revolutionary out-ofthe-box minting platform called Mintshop. Launched today by Enjin, Mintshop is the world’s first made-to-order blockchain item creation service. With Mintshop, Enjin will enable users to create fully customized ERC-1155 tokens that can represent almost anything that can be owned. Customercentered businesses can also use this tool to create a wide range of branded promotional materials, such as souvenirs and vouchers, to reward positive activity and engagement. Creating blockchain assets normally requires writing and deploying smart contracts to the blockchain. However, as an out-of-the-box solution, Mintshop allows users to create both fungible (identical) and nonfungible (unique) token items powered by a robust suite of smart contracts—all by simply Creating your own custom blockchain items is now effortless thanks to Enjin’s ‘Mintshop’ submitting a name, description, image and placing an order. Mintshop customers can mint up to 10,000 custom-branded ERC1155 tokens for as little as $0.03 per token within minutes. All ERC-1155 items created via Mintshop will be backed by Enjin Coin (ENJ) to guarantee their base value and will be automatically supported by the Enjin Wallet, meaning users can retrieve the ENJ from within their items at any time by melting them via the Enjin Wallet. ENJ also acts as a certificate of authenticity for the items and curbs hyperinflation of the growing digital asset market. Possible use cases include integrating ERC-1155 tokens into video games as items, transferring discount tokens to retail customers either face-toface or through websites, or using the assets as rewards that can be given to audiences, customers and employees. Witek Radomski, Co-founder & CTO of Enjin, said: “This is an effortless way for a business to start creating and using blockchain assets on Enjin’s cutting-edge ERC-1155 platform. We can’t wait to see the creative collectibles and use-cases that this technology will enable.” Wallet Integration Prior to launching Mintshop, Enjin released an update to the Enjin Wallet that provides full support for ERC-1155 items, including sending, receiving and melting features. The update enabled users to melt down ERC-1155 tokens—effectively destroying their token to retrieve the imbued Enjin Coin. This is the first time that users have had the power to control these smart contracts with an Android or iOS app. Every ERC-1155 token will be instantly integrated into the Enjin Wallet and, after the release of Enjin’s Efinity network, holders of ERC-1155 tokens created using the Enjin development platform will be able to experience instant transactions at next-to-no cost. The ability to receive, send and melt ERC-1155 tokens into ENJ is seen as a major step in the advancement of digital assets to The company behind Enjin Coin and the world’s most secure cryptocurrency wallet has released a new blockchain item creation service that will enable anyone and everyone to create their own custom blockchain assets via a simple online store. holding greater value and more tangible properties. Changing the World of Crypto Game developers can now use Enjin’s blockchain software development kit (Blockchain SDK) for Unity to implement Enjin’s modular suite of ERC1155 smart contracts and create bound tokens, peer-to-peer transaction fees, whitelisted marketplaces, and consumable tokens. Upon release of the Blockchain SDK, it will be promoted on the front page of the Unity Asset store, enabling 4.5 million game developers to integrate ERC-1155 tokens into any game made with Unity, the world’s largest game development platform. With the ERC-1155 infrastructure advancing quickly, the Efinity Network will soon enable ERC1155 tokens to scale across millions of users, and Enjin’s selection of modular smart contracts is growing to include on-chain token loaning, secure on-chain escrow trading, token bundling, and much more.
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