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  • UBS to Ignite Investment Conversations at 26th Greater China Conference in Shanghai

    UBS to Ignite Investment Conversations at 26th Greater China Conference in Shanghai

    UBS, a leading financial firm based in Zurich, is preparing to host its 26th Greater China Conference in Shanghai. The event, which will occur on the 13th and 14th of January, will delve into a broad spectrum of subjects, such as economics, investments, and technology.

    Attendee Profiles and Conference Topics

    The conference is expected to welcome over 3,600 participants. Among these are more than 2,300 domestic and international institutional investors, sovereign wealth funds, family offices, and private clients. Additionally, over 300 top Chinese firms, boasting a combined market capitalization of about $4.3 trillion, will also be part of the gathering.

    This year’s conference topics are set to span a wide array of areas. These include the economic outlook for China and its implications for investment, breakthroughs in artificial intelligence, and changes in several sectors. Among the sectors in focus will be manufacturing, new energy, mobility ecosystems, and consumer markets.

    UBS and the Chinese Market

    The Greater China Conference is of strategic importance to UBS. The firm recognises the resilience of China’s markets, its expanding innovation capabilities – ranging from advanced manufacturing to advancements in artificial intelligence – and the growing global significance of its capital markets.

    UBS Group CEO Sergio P. Ermotti, who is scheduled to address the attendees, expressed that these factors are paving the way for new investment opportunities worldwide.

    Questions & Answers

    What is the Greater China Conference?
    The Greater China Conference is an annual event hosted by UBS. This is the 26th year it will be held, and the topics covered will include economics, investments, and technology.

    Who is expected to attend the conference?
    The conference will host over 3,600 participants, including more than 2,300 domestic and global institutional investors, sovereign wealth funds, family offices, and private clients. Over 300 leading Chinese companies will also be in attendance.

    What does this conference mean for UBS?
    UBS CEO Sergio P. Ermotti mentioned that China is a strategic market for UBS. The resilience of China’s markets, its expanding innovation capabilities, and the growing global importance of its capital markets provide new investment opportunities for investors worldwide.

  • Vietnam’s Largest Blockchain and AI Week Set to Ignite Innovation in June

    Vietnam’s Largest Blockchain and AI Week Set to Ignite Innovation in June

    Da Nang Set to Host Pioneering Technology Event

    On April 23, Orochi Network Co., Ltd., FPT Online Services Joint Stock Company, and the Da Nang Center for Research, Training, and Design of Microchips and Artificial Intelligence (DSAC) unveiled ‘Super Vietnam 2025,’ a transformative technology event dedicated to fostering the blockchain and AI landscape. Sponsored by VnExpress, this initiative aims to spotlight cutting-edge tech, enhance domestic and international collaboration, and leverage government policies to bolster a thriving innovation ecosystem.

    Building a Sustainable Blockchain Future

    Tran Thi Kieu Diem, CEO and co-founder of Orochi Network, emphasized the importance of a robust technological foundation coupled with clear legal frameworks for sustainable blockchain development. She stated, “For blockchain technology to thrive, a solid technological foundation and a clear legal corridor are essential,” underscoring the objectives of Super Vietnam 2025.

    Supportive Local Policies to Drive Innovation

    Le Hoang Phuc, Director of DSAC, reinforced Da Nang’s commitment to nurturing high-tech sectors with supportive policies. These include a three-year personal income tax exemption for skilled personnel and free operating space for startups in AI, semiconductor, and blockchain fields. “We are dedicated to taking concrete actions to cultivate high-quality human resources for the future,” Phuc affirmed.

    Engaging Conferences and Thematic Sessions

    The event will kick off with a plenary opening conference on June 4, themed “Emerging Tech – Creative Synergy, Future Orientation,” bringing together experts, policymakers, and industry leaders to discuss pivotal technology trends. Following this, specialized sessions on “Application of blockchain and AI in enterprises” and “Future investment vision” will feature technology corporations, investment funds, and startups.

    A Dynamic Expo and Competition

    In conjunction with the conference, the Super Vietnam Expo will run from June 4 to June 5, showcasing nearly 50 booths focused on sectors such as data, fintech, AI, and gaming. This expo serves as a critical networking opportunity for businesses and global investors alike.

    Moreover, the Super Vietnam PitchFest, launching on April 25, offers blockchain and AI startups a chance to secure funding and receive mentorship, culminating in an exciting awards ceremony during the event week.

    Additional Opportunities for Collaboration

    Attendees can also look forward to side events including deal-making sessions, a job fair, a technology tour, and a talent incubation signing ceremony, all aimed at creating a collaborative atmosphere for innovation. Organizers anticipate that Super Vietnam 2025 will serve as a flagship event, igniting Vietnam’s innovation ecosystem and advancing the nation’s blockchain and AI initiatives.

    In conclusion, as Super Vietnam 2025 prepares to gather over 5,000 attendees and 100+ industry leaders in Da Nang, it promises to be a significant catalyst for growth in the retail sector and a strong indicator of evolving consumer trends toward technology-driven solutions.

  • Top Financial Leaders Gather in Zurich to Discuss Retail Trends

    Top Financial Leaders Gather in Zurich to Discuss Retail Trends

    Top leaders from the realms of politics, finance, and technology will converge in Zurich for the highly anticipated third edition of the Point Zero Forum. This event, taking place from May 5 to 7, 2025, aims to address pivotal issues impacting the financial sector amid changing market dynamics.

    A Call for Trust and Stability

    Recent turbulence in financial markets has heightened awareness of the need for trust and stability, elements essential for fostering innovation and sustainability within the industry. The Point Zero Forum offers a vital space for high-level discussions focused on the future of global finance.

    Key Themes for Discussion

    As part of its agenda, this year’s forum will tackle several pressing topics relevant to the evolution of financial systems:

    • Path to Europe’s Technology Independence: Explore strategies for Europe to build a solid policy and infrastructure foundation that ensures digital sovereignty.
    • Demographic Challenges: Identify innovative policies that can bolster social and economic inclusion amid significant demographic transitions.
    • Startup Founders Spotlight: Examine how Europe’s entrepreneurial landscape can harness innovation and funding to enhance economic resilience and global competitiveness.

    Esteemed Speakers Lead the Dialogue

    The forum features an impressive lineup of distinguished speakers, including:

    • Guy Parmelin – Swiss Minister at the Federal Department of Economic Affairs and Research
    • Martin Schlegel – Chairman of the Governing Board, Swiss National Bank
    • Andrea Maechler – Deputy General Manager, Bank for International Settlements (BIS)
    • Axel Weber – Former UBS Chairman
    • Mike Dragan – Group Chief Operations and Technology Officer, UBS Group
    • Dirk Klee – Head of BlackRock Switzerland

    A Collaborative Effort

    The Point Zero Forum is jointly organized by the Swiss State Secretariat for International Financial Matters (SIF) and the Global Finance & Technology Network (GFTN), an initiative pioneered by the Monetary Authority of Singapore (MAS).

    As this prestigious gathering brings together top decision-makers, it is poised to inspire actionable insights and collaborative strategies that could reshape the future of the global financial landscape. The outcomes from the forum may significantly influence retail news, consumer trends, and the broader marketplace, ensuring that stakeholders are equipped to navigate the complexities of an ever-evolving financial world.

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  • Asian Licensing Conference lifting off in Hong Kong

    Asian Licensing Conference lifting off in Hong Kong

    The Asian Licensing Conference at the Hong Kong Convention and Exhibition Centre is being held this week.

    The event, organised by the Hong Kong Trade Development Council (HKTDC), focuses on the latest market trends and opportunities in the region through the lens of some of the industry’s top licensees and project owners.

    The 18th edition of the HKTDC Hong Kong International Licensing Show and the ninth Asian Licensing Conference opened on Monday, discussing the latest market trends and sharing licensing success stories.

    “As an increasing number of businesses explore licensing as a way to move up the value chain, Hong Kong will have a key role to play in facilitating the growth of the industry,” said Margaret Fong, executive director at HKTDC.

    The first session, Asian Licensing Market Outlook, featured Lisa Reiner, Beanstalk MD in Europe & Asia Pacific, who offered three key points of advice for brand owners: be open to products that are relevant to local consumers; be active in protecting trademarks; and be willing to explore other routes to consumers, such as e-commerce and multiple distributor networks.

    During the event, VP of Asia Pacific and Middle East at National Geographic, Mark Coleman and Claire Gilchrist, VP in Asia Pacific of Hasbro Consumer Products discussed how brand stories can provoke consumer interest.

    At the second plenary session of the Asian Licensing Conference, several enterprises shared their licensing success stories, including Royal Selangor Marketing, a Malaysian company with a 135-year history that specialises in quality pewter.

    Robert Goodchild, head of licensing at Aardman Animations, said: “We work with many brands all over the world and it is all about bringing colour and character to campaigns. By bringing character to a campaign we can reach new audiences and build commercially successful partnerships.”

    Aardman collaborated with premium British lifestyle brand Joules last Christmas, which celebrated the 30th anniversary of both Joules and Aardman’s hugely popular Wallace & Gromit animation. Aardman also created a bespoke photoshoot with British retailer Harvey Nichols, and used its characters and humour to bring a lifestyle brand to life in a collaboration with British sofa brand DFS, emphasising the fact that both brands produce everything in the UK.

  • New features added to the official Google I/O 2019 App

    New features added to the official Google I/O 2019 App

    You know that the annual Google I/O developers conference is just around the corner when the latest Google I/O app becomes available in the Google Play Store. With Google I/O taking place this year from Tuesday, May 7th through Thursday, May 9th, the app is now ready to be installed on your Android phone. Now laid out in Google’s Material Display (bright white backgrounds, Google Sans font), the app allows attendees and the curious alike to view the schedule of sessions for the conference. In fact, those planning on making the trip to Mountain View can reverse seats for each event through the app.

    In addition, the Google I/O app allows attendees to create a schedule that they can view, and set reminders to go off before each session starts. This custom schedule can be synced between a developer’s mobile devices and the Google I/O website. This year, the app also adds events to the user’s personal calendar and allows those attending the conference to view the grounds using Augmented Reality. Individual sessions can now be found by looking under topics and speakers, and the home page will show upcoming events, announcements and more. For those interested in the Keynote, it will take place at 10 am PDT (1 pm EDT) on May 7th.

    With the use of Material Design, Google has added a Dark mode for the app that shows up once the Battery Saver has been enabled on an Android phone. This will change the app from showing black text on a white background to white text on a black background. Dark mode has been added as a feature on many of Google’s core Android apps over the last year and protects users’ eyes from the blinding white background when the app is viewed in the dark.

    When you install the app, make sure it is for the 2019 Google I/O conference. Even though the Google Play Store listing showed that we were installing the 2019 app, we received last year’s app instead.

  • SoftBank launches cloud videoconferencing service

    SoftBank launches cloud videoconferencing service

    Japan’s SoftBank  has launched a new cloud-based videoconferencing service using PolyCom’s RealPresence Clariti infrastructure software.

    SoftBank’s new PrimeMeeting service will strengthen the company’s offerings to customers looking for a flexible video collaboration solution that is simple to purchase and implement.

    The service is built on RealPresence Clarity as well as SoftBank’s White Cloud ASPIRE Infrastructure-as-a-Service (IaaS) platform.

    As well as enabling collaboration from anywhere on any device, the service will support integration with Microsoft’s Skype for Business and traditional video conferencing systems.

    “We are happy to announce the launch of our cloud videoconferencing service, PrimeMeeting, provided in collaboration with Polycom. Customers who previously could not use a video conferencing service due to cost, location, or device issues will now be able to easily adopt this service,” SoftBank ICT innovation division director Sadahiro Sato said.

    “By combining Polycom’s strong market share and brand value in the video conferencing market together with our new cloud service, we can enable more flexible and richer communication options to more of our customers.”

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  • Datacloud Asia 2017 Conference & Exhibition Launches Feb 23 in Singapore

    Datacloud Asia 2017 Conference & Exhibition Launches Feb 23 in Singapore

    Having established Datacloud as Europe’s foremost networking and deal-making forum for data center and cloud players, the widely acclaimed event is now scheduled to take place in the growth markets of Asia on February 23, 2017. BroadGroup, the consulting, publishing and professional events firm has announced the early programme for Datacloud Asia 2017, which includes experts from Asia, the US and Europe.

    Set to be the first deal-making forum in the region, the event offers a valuable return on investment for attendees, uniquely bringing together data center operators with IT infrastructure leaders looking to deploy assets across the Asian region; colocation, hosting, cloud services, data center and vendor solution sales are all transacted at the event. Datacloud provides powerful content with an impressive line-up of guest speakers – and is the only event in Asia that attracts top leadership from operating companies.

    The forum concludes with a celebration of the nominees for Asia’s inaugural Data Center & Cloud Awards. Seeking genuine innovation as well as on-going evolution and transformation already underway in Asia, the Datacloud Asia 2017 Awards* will be presented in a refreshing format with all-new award categories at a combined reception hosted by Digital Realty and awards dinner at the prestigious Capella Hotel & Conference Center on Sentosa Island, minutes from Singapore’s business district.

    “Datacloud is unique,” commented Philip Low, chairman of BroadGroup. “You will not find a trade show, but you will find a highly structured networking forum for senior executives complemented by a far reaching programme covering hot topics such as China, blockchain, enterprise cloud strategies, agile infrastructure, finance and investment, location for data centers and more. With the addition of the Awards it makes for an exceptional event.”

    “Asia hubs will be a central theme of this new event with a strong focus on investors, enterprises and doing deals. It also aims to offer inspiring insights for companies seeking a better way of hosting and colocating in the new reality of a data-driven and cloud-connected world,” says Low. “The forum promises to highlight the value of outsourcing data centre, cloud and IT infrastructure across the fast growing Asia region, and is designed to appeal to both users and outsourcers.”

    Sponsors for the event include Schneider Electric, Digital Realty, Telin Singapore, Kingsland Data Center, Datwyler, Lamda Hellix Data Centers, and has a range of industry and media partners including Globeron, Asia Cloud Computing Association, iMiller Public Relations, techUK, European Data Centre Association (EUDCA), BICSI and WiredRE. Lead Media Partner is Data Economy (www.data-economy.com) and Intelligence Partner is Colocation Markets Quarterly (CMQ).

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  • H&M stages Myanmar textile conference

    H&M stages Myanmar textile conference

    More than 100 textile industry stakeholders, among them apparel brands, NGOs, trade union representatives and suppliers, recently attended H&M’s Fair and Equal conference in Yangon, Myanmar. Key note speeches from the ILO’s development partner relations coordinator Peter Rademaker, Impact’s founder and director Rosey Hurst and H&M Group’s head of sustainability Anna Gedda, were followed by a panel discussion and several break-out sessions about social topics such as fair living wages.

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  • Asia’s Largest Logistics and Maritime Conference Opens

    Asia’s Largest Logistics and Maritime Conference Opens

    The sixth Asian Logistics and Maritime Conference (ALMC) today (22 November) launched its two-day run at the Hong Kong Convention and Exhibition Centre. More than 70 leaders from the logistics and maritime industries are speaking at the conference. Today’s activities included the plenary session “China’s Grand Initiatives: Where are the Opportunities?” The ALMC is the largest event of its kind in Asia, welcoming industry elites from some 30 countries and regions. The conference is jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Government of the Hong Kong Special Administrative Region (HKSAR).

    Speaking at the opening ceremony, Carrie Lam, Acting Chief Executive of the HKSAR, said, “Strategically located at the heart of Asia, Hong Kong has long been the gateway to southern China, and the bridge between the Mainland and the rest of the world. Our infrastructure is world-class, rated first in the World Economic Forum’s Global Competitiveness Report. Our robust economy, trade freedom, regulatory efficiency, and excellent logistics services have made Hong Kong one of the world’s busiest logistics hubs.”

    In her welcoming remarks, Margaret Fong, Executive Director of the HKTDC, said: “The ALMC aims to help the industry navigate choppy economic waters and chart a course towards new business opportunities. The three main themes of ALMC 2016 are the Belt and Road Initiative, China’s 13th Five-Year Plan and cross-border e-commerce. In each case, the logistics and maritime industries are front and centre. In just a few short years, the Belt and Road Initiative has moved from the drawing board into reality, with new ports, roads and railways linking markets along the Belt and Road routes from Asia to Europe via the Middle East and North Africa. In addition to infrastructure, world-class shipping and logistics services and know-how are required to fully realise the potential of the Initiative.”

    China’s grand initiatives

    A highlight of this year’s ALMC was this morning’s plenary session “China’s Grand Initiatives: Where are the Opportunities?” Three high-profile speakers examined key strategies of the Chinese mainland – the Belt and Road Initiative, “Internet Plus” and “Made in China 2025”. The three speakers were HE Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World; Zhao Huxiang, Vice Chairman, China Merchants Group; and Joseph Phi, President, LF Logistics.

    Addressing various topics, seven forums were also held today focusing on the Supply-chain Management, Logistics, Air Freight and Shipping sectors. As well as helping the logistics industry analyse the latest market trends, the forums also shed light on how the manufacturing and trading industries can capitalise on the latest logistics solutions to grow their business, lower costs and increase competitiveness.

    The first Supply-chain Management & Logistics Forum “Relocating Your Manufacturing Base – the Pros and Cons”, heard from speakers about the risks and opportunities from a supply-chain management perspective. Speakers included Dr Qu Jian, Vice President, China Development Institute; Dr John Cheh, Vice Chairman and CEO, Esquel Group; Takeshi Kondo, General Director, Yusen Logistics (Vietnam) Co, Ltd; and Tommy Lui, Director & Group Chief Representative – Southern China, Li & Fung Development (China) Ltd.

    Other forums today included “Changing Landscape of Asian Air Cargo”, “Expert Panel: What’s on the Horizon for Liner Shipping?”, “Staying Ahead in Temperature-controlled Cargo Handling”, “Expert Panel: Tanker and Gas Trade Outlook”, “Sustainability – Greening the Supply Chain” and “Expert Panel: Dry Bulk Market Outlook”.

    Cross-border E-commerce

    Tomorrow’s plenary session will be on the topic of “Cross-border E-commerce: Who Will Rule the Game?” The HKTDC has invited Dr Guo Dongbai, CTO, AliExpress; Zheng Changqing, Senior Director, eBay Inc; Andrey Zatsepin, Head of International Logistics, Ozon.ru; and Haruko Takachi, CEO, Japan Post International Logistics Co, Ltd. to discuss the latest developments in cross-border e-commerce.

    The rapid development of digital technology is disrupting the retail industry, prompting the HKTDC to enrich this year’s ALMC programme for supply chain management and logistics. Tomorrow’s forums include “Omni-channel Strategy: Navigating the Future of Retail”, which will showcase outstanding examples of multi-channel retailing and examine online-to-offline (O2O) integration and ways to improve the customer experience. Expert speakers include Pieter Paul Wittgen, Co-Founder and COO, Grana.com; Filippo Gori, Business Development Director, International Brands, Vip.com; and Malcolm Monteiro, CEO, Asia-Pacific, DHL eCommerce. The trio will discuss the impact of omni-channel retailing on supply chain management and logistics.

    Other forums tomorrow include “New Opportunities for Modern Logistics Industry in the PRD Region and Zhuhai from the completion of the Hong Kong-Zhuhai-Macau Bridge”, “Big Data, the Cloud and Your Business”, “Dalian Development Area – Core of Liaoning FTA, uprising International Financing, Logistics and Shipping Centre of Northeast Asia” and “Linking North America and Asia: Transpacific Trade back on Track”.

    Exhibition and business matching sessions

    To help industry professionals gather the latest market intelligence and services, and promote Hong Kong’s advantages in logistics, the HKTDC is once again organising an exhibition alongside the conference. Nearly 100 exhibitors are showcasing their e-logistics solutions and logistics, maritime and related services. The HKTDC is also arranging more than 150 one-on-one business matching sessions to help participants foster new business partnerships.

    This year’s ALMC is supported by the Hong Kong Logistics Development Council (LOGSCOUNCIL) and the Hong Kong Maritime and Port Board. It is also a flagship event of the Hong Kong Maritime Industry Week.

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  • CASBAA confab debuts in Macau

    CASBAA confab debuts in Macau

    The CASBAA Convention annual conference debuted in its new venue, Studio City, Macau, marking the 25th anniversary of CASBAA which is dedicated to representing key players from the cable and satellite broadcasting industry under the motto ‘represent, inform, connect’.

    Irwin Gotlieb, the Global Chairman for GroupM, was first to take to that stage to discuss the changing nature, and measurement of viewing behaviors. He also touched upon how the way to reach audiences via the marketing funnel is the same but a granularity of data can now inform decisions for each stage of the funnel. He underscored how media will continue to play a role becoming more targetable, addressable and eventually part of the transaction process.

    Also on the subject of measurement, Ben Reneker of S&P Global Market Intelligence highlighted how machine-driven predictive measurement models are now able to inform strategic decisions on marketing and investment.

    Oliver Wilkinson, managing director for PricewaterhouseCoopers, provided statistics to illustrate that pay TV is not dead, despite what the headlines say, and that it remains a primary form of entertainment.

    Doing deals in China was the topic for Bennett Pozil, EVP of East West Bank, who discussed the migration of content both ways as well as some of the pros and cons of doing business in China.

    Reaching a vast audience through tailored video and gaming content was the topic for Chad Gutstein, CEO of Machinima who highlighted that their most valued content was when viewers felt they had a connection to the creation of it. On a video note, Ricky Ow from Turner International predicted that Machinima’s e-Sports will be as successful as the English Premier League.

    James Schwab, co-president of VICE announced the opening of the company’s first full-service office in Jakarta, Indonesia.  He discussed how their local content policy over digital channels has helped the company grow exponentially over the last few years. The recent move into TV has been important for VICE as it gives them the ability to invest more in content.

    On the second day, Dave Downey, CEO of INVIDI Technologies, illustrated how “addressable” advertising could be used to predict viewing behaviors. Basil Chua, CEO from AsiaMX, talked about the need to understand viewer habits, flagging that they are watching content not devices. Both believed that the advertising formats would result in big wins for operators.

    Intrinsically linked to the advertising discussion is the subject of measurement and Craig Johnson, Nielsen’s media managing director for South East Asia, Pacific and India, highlighted some of the current challenges OTT has presented with measurement, suggesting that viewership on other devices could represent an additional 15% to 20% of media usage that is not accurately measured yet. The introduction of smart-meters could help more accurately chart multi-device viewership and content sources.

    Content from Japan took the spotlight with Eriya Kawachi, director of sales and promotions at Club TV Japan, showcasing some platforms that have been winning in popularity outside of Japan with Club TV. Richard Woo, consultant for WAKUWAKU JAPAN, discussed how Japanese content is well known for its creativity, uniqueness and a certain wackiness.

    Korean content also featured on the agenda with Miles Ki Young Choi, founder and CEO of Bethel Group Media Contents, talking about how interactive content was key to the future, flagging interactive drama as something they were championing. Byeong-Joon Song, CEO Group 8, saw simultaneous distribution as important for Korean content, highlighting difficulties with penetrating the Chinese market and Tom Taehyun Kim, CEO and executive producer at K Production, confirmed that superb storytelling was of course essential for content to have wider appeal.

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  • Aruba rethinks network procurement with NaaS

    Aruba rethinks network procurement with NaaS

    At the Aruba APAC Atmosphere 2016 conference held late last month in Singapore, Aruba Networks President Dominic Orr announced the launch of network-as-a-service, which supports the delivery of the company’s new Mobile First Platform.

    Core applications for Gen-Mobile era

    The core applications on Aruba Networks’ new Mobile First Platform are supported by its existing network infrastructure, including Wi-Fi, Bluetooth low energy (BLE), wired and WAN. The platform comprises network controls, network management, policy management, cloud networking, network analytics and location services. These applications supports the delivery of third-party IT services and business applications that form a mobile apps ecosystem.

    Examples of the IT services that are available on Aruba’s Mobile First Platform include Citrix, MobileIron (MDM and enterprise mobility services), splunk (operational intelligence), ArcSight (an HP company that provides cyber security), Okta (identity management and single sign-on), Check Point, Intel Security, Juniper, and Palo Alto Networks.

    As for business applications, the Platform also supports Skype for Business, AT&T, Aislelabs (enterprise mobile wallet marketing platform), kasada (cryptographic data firewall and our password-less authentication), RetailNext (in-store analytics), Envoy (visitor registration) and eventboard (visitor and room management).

    “The Gen-mobile has given rise to rapid IT forces like the internet of things (IoT) and mobility. This is not just about the use of next-generation devices, like the Wi-Fi-connected TV boxes like the Apple TV, but the applications on top,” said Anthony Wai, sales engineering director of Asia Pacific, Aruba Networks (a HPE company), in an exclusive interview.

    In a typical workplace environment, an organization needs to refresh the network infrastructure once every three to seven years. For example, they would need new routers and new switches to conform to new standards of the wireless network. In the past, when IT procurement was largely driven by IT, addressing user experience tended to be an afterthought. The situation today is reversed, however. “Many of the IT procurement decisions today are now user-driven. For example, the line of businesses (LoB) would first provide to their banking customers a banking application. They would then instruct IT to handle the infrastructure matters,” Wai said.

    Utility-like network procurement models

    To catch up with the fast pace of new mobile apps development and delivery, and the increasingly shortened cycle of network infrastructure upgrades, IT and the other LoBs would benefit from a flexible network services procurement model, such as network-as-a-service (NaaS), said Wai.

    “NaaS enables the subscription of network infrastructure services using an opex model instead of a capex model. By subscribing instead of acquiring these network services, customers can benefit from the latest technologies, and need not budget a sum of capex to invest in the next round of network technology upgrades,” Wai said.

  • Indonesia to host Forbes conference

    Indonesia to host Forbes conference

    Indonesia is set to host the Forbes Global CEO Conference for a second time. The gathering will see business players and thought leaders from around the world discuss possible solutions to the continuous global economic slump.

    Now in its 16th year, the conference will host at least 42 speakers and has received confirmation from 300 delegates who have been invited to come to the conference in Jakarta, a change of pace from the 2013 conference held in Bali.

    Forbes Media chairman and chief editor Malcolm Stevenson “Steve” Forbes, Jr. said that Jakarta was chosen to host this year’s conference due to its continued growth even during the global economic slowdown.

    The country’s sheer size and President Joko “Jokowi” Widodo’s efforts to establish economic reforms have caught the eye of business players from across the globe.

    “Even though it’s facing some economic challenges with the collapse of commodity prices, Indonesia is still achieving higher growth rates than many of its neighbors. You have a president who is determined to make major economic reforms to unleash the potential of the Indonesian economy,” he told on Friday.

    President Joko “Jokowi” Widodo has pushed for economic reforms and has issued 13 economic stimulus packages that aim to increase investment and nurture growth.

    The economy grew 5.2 percent year-on-year (yoy) in the second quarter, beating average estimates of 5 percent from economists and Bank Indonesia’s (BI) forecast of 4.9 percent.

    The growth domestic product (GDP) growth rate was higher than the 4.9 percent yoy reported in the first quarter and the 4.7 percent posted in the second quarter of 2015.

    With the second quarter result, the economy has so far expanded by 5.04 percent this year.

    However, despite positive-looking growth, experts have predicted that the official 5.2 percent growth target for the whole year may still be unattainable as the second quarter’s performance was largely due to a surge in consumption and production during the Ramadhan and Idul Fitri festivities, a trend that typically happens every year.

    Meanwhile, not much is happening on the global stage. The World Bank has forecast that global growth will only reach 2.4 percent by the end of the year.

    “So you look around the world and business leaders, whether with established companies or start-ups, they face very real headwinds,” Forbes said.

    Mayapada Group owner Dato’ Sri Tahir said the conference was an important event to show off the economic reforms that Indonesia had made to cut costs and create a conducive investment environment.

    “Through this platform, the President can explain to these 300 and more delegates about Indonesia’s future. This platform is
    important to introduce Indonesia to the world and the world to Indonesia,” he said.

    Mayapada Group is one of the sponsors of this year’s conference.

    The conference, themed “Rising to the Challenge”, will feature distinguished Indonesian and international speakers.

    They include Investment Coordinating Board (BKPM) chairman Thomas Lembong, CT Corp. chairman Chairul Tanjung, AirAsia Group chief Tony Fernandes and Ayala Corporation chairman and CEO Jaime Augusto Zobel de Ayala.

    The conference will be held from Nov. 29 to Dec. 1.

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  • Vice President Opens Inacraft 2016

    Vice President Opens Inacraft 2016

    Vice President Jusuf Kalla has opened Indonesian handicraft expo Inacraft 2016 held from today to April 24, 2016 in Jakarta Convention Center, Senayan, Jakarta.

    The largest Indonesian handicraft expo is participated by over 1,400 handicraft companies, consist of both manufacturers and exporters from 34 provinces in Indonesia that occupy 1,333 stands.

    The expo has seen an increase in individual participants with 849 stands. There are also 359 agency stands, 117 SOE stands and eight foreign participant stands from Singapore, Japan, Pakistan, Nepal, India and Syria.

    Adopting the theme “From Smart Village to Global Market”, Inacraft tries to facilitate Indonesian handicraft products to step up the level and standard of Indonesian handicraft products.

    The handicrafts being exhibited among others are various textile handicrafts such as batik, weaves, embroideries, songket, ikat weaving and various accessories, wooden handicrafts such as statues, carved furnitures, educational toys, jewelries from gold, silver and gem stones.

    This year, Inacraft provides free shuttle buses from a number of shopping malls and airport to the expo site, among others, Margocity, Mal Taman Anggrek and Sumarecon Mall Bekasi.

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  • TFWA Singapore: conference programme revealed

    TFWA Singapore: conference programme revealed

    TFWA Workshop imageOff-airport duty free developments, millennial travellers and legislative threats to travel retail’s growth will be focal points for discussion at this year’s TFWA Asia Pacific Exhibition & Conference, 8-12 May.

    The trio of workshops will provide delegates with the vital insight they require to meet the challenges facing their industry.

    Workshop A will look at ambitious off-airport duty free developments, which have gained particular traction in Asia.

    Speakers include Amos Xu of Haikou Meilan Airport Duty Free Shop, Hyunah Ahn from Korea duty free operator Hanwha Galleria Timeworld and Peter Mohn from M1nd-set.

    Workshop B will delve into the hopes and expectations of the ambitious millennial traveller, with speakers including Singapore-based bloggers Uli Chan and Christabel Chua, Grant Fleming from Lagardère Travel Retail and Cheryl Lim from McKinsey who co-authored a report on capturing the Asian millennial traveller.

    Workshop C will pinpoint and discuss current legislative and regulatory threats, packaging regulations and carry-on board rules and specific categories such as alcohol and tobacco to establish ways of safeguarding the industry.

    Speakers include Sarah Branquinho, ETRC president; Andrew Gardiner, Asia Pacific Travel Retail Association board member and chief of retail & Launceston, Australia Pacific Airports (Melbourne); Duty Free World Council president Frank O’Connell and GfK global head of travel & hospitality Laurens van den Oever.

    “With three sessions running simultaneously, there will be plenty of food for thought during what promises to be a highly informative and constructive afternoon,” says TFWA vice president, conferences and research Thom Rankin.

     

  • China’s Century 2017 to be hosted in Guangzhou

    China’s Century 2017 to be hosted in Guangzhou

    Erik-Juul-Mortensen-China's-Century-lead The TFWA China’s Century Conference will take place from 7-9th March 2017 in Guangzhou, at the port city’s Four Seasons Hotel. The official host of the event will be Guangzhou Baiyun International Airport Co.

    Erik Juul-Mortensen, president TFWA said: “TFWA China’s Century Conference is an essential diary date for anyone interested in the considerable commercial opportunities the Chinese market presents, as well as all those who want to gain a deeper understanding of the Chinese traveller both at home and outside China.”

    The city of Guangzhou – northwest of Hong Kong on the Pearl River – is the third largest city in China and is said to have played ‘a pivotal role in the country’s economic development.’

    CENTRAL BUSINESS DISTRICT

    Its Central Business District, where the event will be located, underwent a major renovation in preparation for the Asian Games of 2010. The city now boasts a rapidly developing international airport, which is home to China Southern Airlines, and connects Guangzhou to the rest of China, Europe, Asia Pacific and beyond.

    A spokesperson from Guangzhou Baiyun International Airport Co said: “Guangzhou Baiyun International Airport Co is delighted to be the Official Host for next year’s TFWA China’s Century Conference.

    “As the premier event for the duty free and travel retail industry in China, the conference brings together all the major companies involved in the market, and we believe Guangzhou is the perfect venue for such a gathering.

    “Our city is one of the historic centres of trade in China and is attracting increasing numbers of business and leisure travellers, partly thanks to the efforts we are making to develop Guangzhou Baiyun as an international hub airport. We are confident this conference will be a big success and we look forward to welcoming delegates to our airport and to this vibrant city.”

    SHANGHAI CONFERENCE DRAWS ALMOST 400 DELEGATES

    The Four Seasons is located in the centre of Guangzhou’s Central Business District, close to the famous landmark Canton Tower. Occupying the top third of the 103-storey Guangzhou International Finance Center, which is one of the world’s tallest skyscrapers, it can truly claim to offer visitors ‘a room with a view’.

    The first TFWA China’s Century Conference took place in 2013 in Beijing. The second conference, which was held in Shanghai in 2015, welcomed 388 delegates including senior executives from numerous airlines, airports and duty free and travel retail operators.

    Over the two days, 120 meetings took place between the industry’s airports, concessionaires and brands. TFWA China’s Century Conferences have featured speakers from leading airports, airlines and retailers, as well as high profile researchers, academics, authors, editors and specialist consultancies.

    TFWA’s unique ONE2ONE meeting service has played a key role in the event’s continuing success, while an exciting social programme with a range of glittering events held in the most impressive venues ensures that there is plenty of opportunity for more informal networking.