World Business Outlook - Issue 9 by International Business Magazine

Welcome Managing Director Shankar Shivaprasad Co-founder & CEO Shashank M Chief Editor Ujal Nair Assistant Editor Kevin Thomas Laura Edwards Head of Operation James Head of Production Tom Hanks Head of Research Catherine D’Souza Head of Media Sales John Smith Advertising Contact Info@wboutlook.com Content Managers Sathya Narayana B Madhulika Pandey Business Developers Daisy Cooper, Mark Cooper, Justin Wong, Elena Davis, Eric Thomson Graphic Designer Chandan R Video Editor Nelson Caitan

............. Note From EDITORIAL The year 2023 has been fantastic in terms of individuals realising their goals and attaining tremendous heights. Various organisations, with their proactive efforts, have made a huge splash in the corporate world. With a focus on recognising exemplary achievements, this year&#39;s World Business Outlook Awards 2023 celebrated outstanding contributions from key sectors such as banks, real estate, online trading platforms, healthcare organisations, institutions, startups, commercial enterprises, fintech companies, airlines, healthcare organisations, interior design companies, companies dealing in cybersecurity software programmes, and corporates and various others. By featuring inspiring stories of triumph, we aspire to motivate upcoming entrepreneurs and industry leaders alike. Moreover, the spotlight on promising start-ups can attract significant investment, fostering new opportunities for economic growth and job creation. This symbiotic relationship between the publication and the business community underscores its commitment to promoting stability and profitability. In the final issue of this year, we have highlighted the efforts put forth by Himel to prevent electrical hazards by providing fire-resistant products for residential safety. Moving further, we also showcase the highly celebrated global CFD broker, RaiseFx. With a portfolio encompassing more than 500 diverse assets, RaiseFX presents an extensive catalogue of derivatives such as forex, cryptocurrencies, stocks, precious metals, indices, and other financial instruments to cater to the requirements of every trader. They have established themselves as one of the key players in the financial sector. We are quite excited about what 2024 holds for us as we consider the revolutionary influence that World Business Outlook Magazine has had and will continue to have. We will continue to promote some of the best breakthroughs in various industry sectors and highlight the rapidly evolving nature of the business landscape by delving into the latest trends and innovative strategies employed by start-ups, commercial enterprises, and fintech companies. In 2024, we hope to shape the world’s outlook on business, cementing its position as an invaluable resource for both readers and industry professionals. We hope this edition is insightful and intriguing for you. These pages will also give you a chance to learn about our 2023 World Business Outlook Awards achievers.

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CONTENTS 06

RaiseFX is a single trading offer, unrivalled trading conditions

Implementing Fire Resistant Electrical Infrastructure for Residential Safety

Comparing the Differences Between Micro-Segmentation vs. Traditional Network Segmentation

Why should seniors secure over 50s life insurance? 2023 Guide

KJTS Group Berhad collaborates with Hong Leong Investment Bank

BYD Displays Its Latest Fleet Of Energy Vehicles

Huawei Doubles Down Its Aid For Europe’s Sustainable Digital Transition

Novosound Expands US Footprints With Healthcare And Wearable Ultrasound Operations

Technology

Implementing Fire Resistant Electrical Infrastructure for Residential Safety In our pursuit of progress, one aspect that often goes unnoticed is the increasing threat posed by residential fires. These devastating incidents not only claim lives but also result in substantial property damage. Unfortunately, electrical mishaps stand out as a significant contributor to residential fires. The potential for electrical short circuits, overloads, and other anomalies can have catastrophic consequences, transforming homes into infernos in a matter of moments. To effectively address this pressing challenge, a proactive approach is essential, one that prioritizes the implementation of fire-resistant electrical infrastructure as a fundamental pillar of residential safety. Recent statistics paint a grim picture, emphasizing the gravity of the situation. According to the National Fire Protection Association (NFPA), in 2022 alone, there were approximately 382,500 residential fires reported in the United States, causing 2,760 civilian deaths and 10,320 injuries. The financial toll is equally alarming, with an estimated $10.9 billion in direct property damage resulting from these incidents. Globally, the World Health Organization (WHO) reports that the vast majority of fire-related fatalities occur in low- and middle-income countries, underscoring the

Technology

disproportionate impact on vulnerable populations.

overvoltage incidents. These devices not only prevent

Electrical fires account for a significant portion of these

electrical fires, but also ensure the safety of individuals

incidents, highlighting the urgent need for targeted

and their possessions.

interventions. As we explore avenues to enhance residential safety, it becomes evident that addressing

While the need for fire-resistant electrical infrastructure

electrical hazards is paramount to mitigating the toll of

is universal and the threat of residential fires is a global

these fires.

concern, it is particularly acute in developing countries, where dense living conditions in urban and peri-urban

A crucial step in preventing electrical mishaps is

areas exacerbate the risks. Overcrowded settlements,

the widespread adoption of fire-resistant electrical

informal

infrastructure in residential settings. This encompasses

amplify the consequences of electrical mishaps,

the utilization of fire-resistant switches, wires, and other

leading to a higher incidence of fires and a greater loss

electrical components that significantly reduce the risk

of life.

housing,

and

inadequate

infrastructure

of ignition and propagation of fires. In these regions, the implementation of fire-resistant Fire-resistant electrical infrastructure is designed to

electrical infrastructure can be a transformative force.

minimize the risk of electrical fires. It includes the use of

Public awareness campaigns play a crucial role in

fire-rated cables, which are designed to withstand high

educating public about the importance of electrical

temperatures and prevent the spread of fire. It also

safety and the benefits of fire-resistant infrastructure.

includes the use of arc fault circuit interrupters (AFCIs),

Collaborations with governments, non-governmental

which are devices that can detect and interrupt arcing

organizations, and industry stakeholders can facilitate

faults before they can cause a fire.

the widespread distribution of affordable and reliable fire-resistant electrical components.

Investing in electrical protection products is equally vital. Miniature Circuit Breakers (MCBs), Molded Case

addition,

fostering

culture

preventive

Circuit Breakers (MCCBs), Residual Current Devices

maintenance and regular electrical inspections is

(RCDs), and Surge Protective Devices (SPDs) constitute

essential to minimize the risk of electrical fires. By

a formidable line of defense against overcurrent and

ensuring that electrical systems are properly installed,

Technology

maintained, and regularly inspected, potential hazards can be identified and rectified before they escalate into disasters. To scale up electrical infrastructure, it is important to know that investing in fire-resistant electrical products is not an expenditure but a proactive investment in preventing tragedies. The initial costs of implementing such measures pale in comparison to the human and economic toll exacted by residential fires. By prioritizing prevention, we can create safer, more resilient communities that are better equipped to withstand the challenges posed by electrical hazards. About Himel Himel is an award-winning global manufacturer and supplier of Power Distribution and Management, Motor Control and Protection, Industrial Components, and Home Electric products. With a footprint in 50+ countries—the brand is a leader in value-engineered electrical products for residential, commercial, and industrial sectors. Himel is committed to value opportunities for all and provide the best combination of affordable and reliable products to meet the demand for access to safe electricity.

Technology

HVAC Technician Training: What Makes A Technician Stand Out In The Home Improvement Industry?

In the dynamic world of home improvement, HVAC

cycles, and air quality management. Training programs

(Heating, Ventilation, and Air Conditioning) technicians

from AtHomePrep offer an extensive curriculum that

hold a pivotal role. As homes become more energy-

covers these essentials, ensuring that technicians are

efficient and technology-driven, the demand for skilled

well-prepared for the field. But foundational knowledge

HVAC technicians is on the rise. But what sets a standout

is just the beginning. The real differentiation lies in

technician apart in this competitive industry? It’s not

how technicians apply this knowledge in real-world

just about fixing systems; it’s about a comprehensive

scenarios.

skill set that spans technical knowledge, customer service, and a commitment to continuous learning.

2. Advanced Technical Skills As

technology

evolves,

HVAC

systems.

1. Fundamentals Of HVAC Technician Training

Technicians who stand out are those who pursue

The journey to becoming an exceptional HVAC

advanced training and certifications. This might

technician starts with a solid foundation in the basics

include specialization in solar-powered systems, smart

of HVAC systems. This involves understanding the

home integration, or advanced diagnostics. By staying

mechanics of heating & cooling systems, refrigeration

ahead of technological trends and mastering complex

Technology

systems, these technicians position themselves as

7. Energy Efficiency And Sustainability

valuable assets to any home improvement team.

With

growing

focus

sustainability,

HVAC

technicians who are well-versed in energy-efficient 3. Customer Service Excellence

and eco-friendly systems are increasingly in demand.

The hallmark of a great HVAC technician isn’t just

This includes understanding how different systems

technical prowess; it’s also exceptional customer

impact the environment and being able to advise

service.

communicate

homeowners on the most efficient and sustainable

effectively, understand customer needs, and provide

options. Technicians with this expertise can lead the

reliable and friendly service is often remembered

way in making the home improvement industry more

and recommended. This includes being transparent

eco-friendly.

technician

who

can

about costs, timelines, and the work being performed. A satisfied customer is the best advertisement for a

8. Professional Development And Networking

technician’s skills.

An often overlooked but critical aspect that sets a top-tier HVAC technician apart is their commitment to

4. Adaptability And Problem-Solving

professional development and networking. Technicians

The best HVAC technicians are those who can think

who actively participate in industry associations,

on their feet. Every home and system is different, and

attend trade shows, and engage in forums and online

unexpected challenges are part of the job. Whether it’s

communities not only stay informed about the latest

troubleshooting a rare system malfunction or adapting

industry trends but also build a robust professional

to unique architectural features, the ability to quickly

network. This networking can lead to collaborations,

and efficiently solve problems is invaluable. Technicians

knowledge exchange, and staying ahead of industry

who exhibit these skills often gain a reputation for

standards and best practices.

reliability and expertise. Moreover, technicians who engage in mentorship, 5. Understanding Of Latest Technologies

either

In an age where technology is advancing rapidly,

commitment to the growth and sustainability of their

staying informed about the latest developments in

profession. This level of engagement showcases a

HVAC technology is crucial. This includes understanding

technician’s dedication to their craft beyond the day-

energy-efficient models, smart thermostats, and IoT

to-day job requirements, positioning them as leaders

(Internet of Things) integrations. Technicians who

and innovators in the field.

mentors

mentees,

demonstrate

are knowledgeable in these areas can provide more comprehensive services to homeowners, helping them

In Conclusion

to make informed decisions about their HVAC systems.

The home improvement industry is ever-changing, and HVAC technicians are at the forefront of this evolution. Those who stand out are the ones who

6. Safety Standards And Protocols

commit

Safety is paramount in the HVAC industry. Standout

challenges, and always put the customer first. By

technicians are those who not only adhere to safety

focusing on comprehensive training, advanced skills,

standards themselves but also ensure that their

and exceptional service, HVAC technicians can not only

work complies with all regulations and codes. This

excel in their field but also significantly contribute to the

commitment to safety protects both the technician

advancement of the industry.

continuous

learning,

adapt

new

and the homeowner, and it demonstrates a level of professionalism that is respected in the industry.

Technology

Comparing the Differences Between Micro-Segmentation vs. Traditional Network Segmentation

Many

businesses

have

lot

valuable

information in their possession, such as customer data, intellectual property, and financial records, to name a few. To ensure ease of access within your organization, you need a central location in

which to store all of this data, so that you don’t

have to maintain multiple ecosystems. The

problem with this is that all of your data will be vulnerable in case of a cyberattack.

business needs.

What Is Network Segmentation? The idea behind network segmentation is simple—

to create different sections within a central data bank. By dividing your network into smaller

segments or subnets, you can restrict access between each of these subnets. You can also

As such, you need to invest in a secure network

decide who can access each segment and which

maximizes performance and optimizes day-to-

architecture is essentially top-down in nature and

that can safeguard your data. Doing so not only

devices can connect to them. This type of security

day operations, but also boosts public trust.

designed to manage larger networks.

One way to safeguard all of these details is to

What Is Micro-Segmentation?

establish a micro-segmentation strategy. This approach segments or divides a network into

different zones, and allows each zone to have different types and levels of security controls.

Building on the principle of network segmentation, micro-segmentation

creates

even

differentiated subnets. For example, you can create segmentations based on who uses each

Do note that micro-segmentation is different

subnet (user-based), the level of security that

be useful for your organization, but you also have

where the subnet can be accessed (host-based).

from traditional network segmentation. Both can

each subnet needs (policy-based), or the devices

to understand what each does so you can make

If the access attempt comes from anywhere other

the best choice between the two of them.

than the type allowed, it will be blocked.

Below, we’ll discuss the two types of network

If you have large networks that need to be

segmentation to identify key differences and

determine what will work best for your unique

managed and secured, it’s ideal to develop a

Technology micro-segmentation strategy.

per subnet. Keep in mind that not all types of data

What Are the Differences Between the Two?

less sensitive data should still be protected. That

Some of the key differences between traditional network segmentation and micro-segmentation include the following:

Multilayer Inspection With traditional network segmentation, reaching a zone that’s designated as safe or trusted means you can freely access everything beyond. Simply put, an attacker only has to bypass a single

inspection point to access your data. With microsegmentation, you’re reducing the surface area of a cyberattack. In case the main network is

breached, the subnets will not be affected. What’s more, every subnet has its own inspection point. Access Restrictions Aside from having every network segment

protected by its own security protocol, micro-

require the same level of restrictions. Of course, said, it doesn’t have to have the strictest levels of security.

By having different protocols in effect, managing

each one is not as demanding. It’s also much

easier to prioritize subnets when it comes to things such as security reviews and regulatory compliance.

Bandwidth Allocation Because traditional network segmentation only

has one inspection point to get through, network traffic can build up fast. This is because every user will congregate in one “main hall” and move

from there to their desired subnet. On the other hand, micro-segmentation helps funnel users into different lanes. This can essentially improve bandwidth, allowing you to access and operate your IT infrastructure more efficiently.

segmentation lets you create different controls

Technology

Hardware vs Software When you have a traditional network segmentation

structure, you usually use a combination of

hardware and software to divide the network into

subnets. A good example here is VLAN or virtual local area network, which is composed of multiple

devices (i.e., your physical data banks), protected

by next-generation firewalls. On the other hand, micro-segmentation

mostly

focused

implementing access security onto each subnet. Which One Should You Use?

Why choose between them? You should implement

both! You can have sensible subnets defined in your firewall that seldom change, and then have identity

and

role-based

microsegmentation

policies overlayed on top of it.

Do keep in mind that to have a robust

cybersecurity strategy, you’re going to need more

than one data security architecture – such as access management, ZTNA, intrusion detection, and more.

To keep your data safe, the main thing to keep in

mind is that you need to thoroughly evaluate your organization. When you fully understand what your business, you can choose the best security option that maximizes the ROI of your budget.

Trading

RaiseFX is a single trading offer, unrivalled trading conditions What is RaiseFX?

RaiseFX is a multi-awarded and multi-regulated global CFD broker. CFDs (i.e., Contracts for Difference) are financial instruments that enable speculation on upward or downward fluctuations in an underlying asset without assuming ownership. When engaging in CFD transactions, you are essentially investing in a financial derivative. The appeal of CFDs lies in their provision of flexible leverage, minimal spreads, a diverse product portfolio, and the convenience of accessing all assets through a unified trading platform, including the MetaQuotes trading platform MT5. This adaptability opens doors for intraday traders, scalpers, and those seeking to diversify their trading strategies. RaiseFX adheres to regulatory standards and holds a license from the Financial Sector Conduct Authority (FSCA). This accreditation underscores a robust commitment to the highest ethical business practices and investor protection. Effective

emotional

management,

particularly

navigating cognitive biases, is paramount for traders to succeed in the financial markets. Opting for a regulated online broker, such as RaiseFX (i.e., ‘Raise’), provides an environment that eases mental burdens, allowing traders to channel all their energy into executing their trading plans. Choosing RaiseFX ensures peace of mind and tranquility, empowering you to realize your full trading potential.

Trading Why is RaiseFX’s offer the best? Before

opening

its

doors,

To empower this emerging generation of traders in

the

RaiseFX’s top

optimizing their performance on the financial markets,

RaiseFX prioritizes instant trade execution on the

empowering retail investors to fully leverage their

MetaTrader 5 platform, coupled with the provision of the

potential in the financial markets. A comprehensive

industry’s lowest commissions. While these conditions

analysis

revealed

particularly benefit scalpers, whether you identify

a prevalent trend – the strategic positioning of

as an intraday trader, day-trader, or even a swing-

commercial offerings among online brokers was often

trader, opting for RaiseFX will afford you a substantial

uniform.

advantage in navigating the financial markets.

management

When

team

the

extensively

competitive

contemplating

the

deliberated

landscape

opening

trading

500+ tradeable products on MetaTrader 5 for a

account, various types are typically presented, with the

diverse trading experience

differentiating factor being that a higher initial deposit

Boasting a portfolio encompassing more than 500

amount correlates with lower transaction costs (i.e.,

diverse assets, RaiseFX presents an extensive catalog of

spreads, and/or commissions).

derivatives to cater to the requirements of every trader. Whether your interests lie in forex, cryptocurrencies,

Numerous marketing labels are employed, including

stocks, precious metals, indices, or other financial

“STP Account,” “ECN Account,” “VIP Account,” and the

instruments, capitalize on the availability of all these

like.

assets within a unified trading platform!

Just one trading offer and the best of all! RaiseFX has diverged from the prevailing competitive norm by adopting a unique stance with a singular trading offer, accessible to all individuals with a minimum deposit of €200. The broker’s strategic approach is straightforward: to deliver optimal trading conditions to all clients, irrespective of their initial capital. In pursuit of this objective, the company has simply pinpointed the most compelling offer in the market!

Fewer commissions, more profits! It’s worth noting that the shorter the duration of your trades, the higher the broker’s commissions tied to your transactional volumes will constitute a significant percentage of your profits. As we step into 2024, the profile of online traders is increasingly leaning towards short-term speculation, witnessing a five-year exponential surge in the number of scalpers within the industry.

Trading Benefit from attractive leverage; up to 500/1 Leverage can be a challenging tool to use, with many

continues to forge its identity, delivering an exceptional

individuals fearing its potential dangers could hinder

trading experience that caters to the diverse needs of

their trading performance. However, the reality is quite

all traders.

different—it all hinges on how you employ it! A common mistake made by novice traders is leveraging to substantially amplify the size of their trades in the market. The true value of this tool lies not in the intent to significantly increase trade sizes but, in reality, to capitalize on multiple opportunities simultaneously while adhering to your Money-Management principles and maintaining a conservative risk percentage on each trade. In essence, when utilized appropriately, a 1:500 leverage allows you to explore 16 times more opportunities concurrently than a 1:30 leverage without escalating risk on individual trades. As the old stock market adage goes, “Money quickly earned is quickly lost!” Hence, judiciously applying leverage with a focus on diversification rather than over-exposure enables you to fully exploit opportunities in the financial markets.

An impressive network of customers and partners

With more than 50,000 clients and more than 2,500 active partners, RaiseFX has built the loyalty of its thriving community of traders. This trust serves as a testament to the outstanding quality of services provided by the company.

International recognition of RaiseFX excellence RaiseFX received the prestigious “Best Customer Service 2023” award in Africa from World Business Outlook. In a similar vein, International Business Magazine acknowledged RaiseFX with the “Best Trading Conditions 2023” trophy in Southeast Asia and Africa, underscoring the company’s burgeoning international acclaim.

Through its innovative strategic positioning, RaiseFX

Trading

What are you waiting for to join RaiseFX?

Business

5 Signs Your Business Is Ready to Shift to Omnichannel Operations

Gone are the days when a business could only rely

career as an entrepreneur:

on its brick-and-mortar stores if it wanted to turn out a profit. In an era defined by rapid technological

There

Increased

Customer

Demand

for

advancements and evolving consumer expectations,

Omnichannel Interactions

many businesses have shifted to an omnichannel

Today’s customers are better connected and more

approach to boost their growth trajectory. It’s now quite

tech-savvy than they were before. They’re also used

common for a modern-day small- or medium-sized

to having access to a wide range of products and

enterprise (SME) or startup to run part of its business

services at the tips of their fingers. Many like the idea of

operations from a website, mobile app, or social media

being able to shop and purchase goods from either a

on top of selling from a physical store.

physical store or a virtual one; what matters is that they have the freedom to choose.

Are you ready for this stage, and will your business take

well to omnichannel operations? Here are a few signs

Receiving constant inquiries about sales channels that

that the transition could be fruitful at this point in your

can serve as an alternative to your physical store can

Business be a sign that your customers want to engage with

4. Your Business Is Technology-Ready

your brand through digital touchpoints.

Among other things, you’ll need a solid technology foundation to successfully roll out omnichannel busi-

2. Your Business Already Maintains Diverse Sales and

ness operations. Some of the technology infrastructure

Engagement Channels

that you should already have in place before you go

If your business has already moved to expand its reach

fully omnichannel are the following:

across multiple channels—such as physical stores, e-commerce websites, social media platforms, and

•

An e-commerce platform

potentially even mobile apps—you already have a good

•

Reliable internet payment solutions

precedent for pursuing fully omnichannel operations.

•

Enterprise resource planning (ERP) software

•

Dedicated Customer Relationship Management

Perhaps your physical shop recently subscribed to the services of a trusted online payment processing

(CRM) software •

Inventory management software

company like Maya Business, allowing customers to complete their transactions on your newly launched

If you can rely on your tech foundation to accommodate

website. Another example is if you have a social media-

a busier, more expensive, and more sophisticated

based business that also caters to guest buyers and

omnichannel business strategy, then you’re in a good

people who don’t have social media accounts. To

position to make the shift.

accommodate everyone’s orders, you may be using Maya Payment Links so that customers can choose

5. Your Business Is Offering a Unified Brand Experience

the best online payment processing method for their

A business that is prepared to embrace omnichannel

purposes.

operations should also be committed to delivering a cohesive brand experience. To put it simply, a unified

Both situations show that you have a market outside

brand experience entails ensuring that your brand’s

your main sales channel and that you’re willing to take

identity, messaging, pricing, and customer service

their business.

standards remain consistent across your intended channels.

3. Your Business Has the Capability to Collect and Integrate Data

Can your business promise a cohesive experience to

If you’ve increased your capability to collect and

its customers whether they buy from you in-store,

integrate customer data from various touchpoints,

online, or on social media? If the answer is yes, then

you’ve already made a significant step towards

you’re more likely to gain their trust and build strong

making good on an omnichannel strategy. Having

relationships with them that will carry over across

gained deeper insight into your customers’ behaviors,

multiple storefronts.

preferences, and purchasing history, it’s now just a matter of utilizing it across all channels.

Making the Switch to an Omnichannel Approach Regardless of whether you think you’re ready now

Your business’s data-driven methods will be invaluable

or will be ready next year, be sure to prepare for the

towards making improvements like personalizing sales

challenges of running your business from multiple

interactions, recommending products, and enhancing

channels. Your thoroughness and ability to plan for

the overall customer journey. You’ll also be able to

omnichannel operations will see you through the rough

track your inventory levels accurately, which is key to

initial stages and improve your prospects for long-term

minimizing the risk of stockouts and eventually handling

success.

a larger and more challenging omnichannel inventory.

Wealth

Why should seniors secure over 50s life insurance? 2023 Guide

For some people, it can be a struggle to secure

opposed to a large mortgage or ongoing bills. This is

affordable life insurance with a current medical con-

because the maximum pay out is typically less than

dition or poor medical history. However, not all policies

other types of policies (up to £20,000).

require medical information during the application process and it’s possible to take out cover where your

It is a popular option for those who may have a

health won’t affect the price of your premiums.

medical history or current health issues as, unlike most other policies, this information will not affect the cost

If you’re aged between 50 – 85, you could obtain a

of premiums or have to be disclosed at all when you

guaranteed over 50s plan. No medical questions or

apply.

exam will be required when applying for a policy, which makes the application short and simple. For additional

Another reason why over 50s life insurance is so popular,

information see this comprehensive no medical life

is due to how quick, simple and affordable it can be.

insurance guide from a leading UK broker.

You will be accepted for a policy regardless of your health, and there are less questions to answer during

In this article we explore in-depth why UK seniors should consider securing an over 50s plan.

What is over 50s life insurance?

the application process compared to other policies.

How much does a policy cost? While you’ll not be asked any medical questions,

Over 50s life insurance (also known as an over 50s

premiums are calculated by your age, sum assured

plan) is a type of policy that provides a guaranteed

(how much you would like your pay out to be) and

pay out when you pass away in return for a monthly

sometimes your smoking status, although this will

premium. It is an affordable way to protect your loved

depend on the insurer.

ones for the future. The prices and sum assured limits will vary, as well as

This is a suitable option if you are looking to cover

the different benefits offered. It’s important to shop

smaller things like a funeral or small inheritance, as

around for different quotes to find an affordable price.

Wealth Benefits of over 50 life insurance

every month

There is a variety of advantages that come with an over 50s plan, making it ideal if you do have pre-existing

Accidental death cover

health issues or if you have previously been declined.

Insurers usually implement a 12 – 24 month waiting

Every insurer will offer different benefits, however most

period when you take out a policy to help reduce

include:

their risk of a pay-out. During this period, you’ll be fully covered for accidental death but not natural death

Funeral benefit option Option to choose if want your pay out to go directly to a

Terminal illness cover

funeral provider. Using this free benefit means there will

It allows you to make an early claim on your policy if

be some extra money contributed to your funeral fund

you’re diagnosed with a terminal illness, however not

(usually £250/£300)

often included in an over 50s policy

Welcome gift card

What other policies are there?

A voucher incentive to use at selected stores if you take

There are many different types of life insurance policies;

out a policy (terms and conditions will depend on the

over 50s, whole of life and term life insurance being the

insurer)

most popular.

Free cover after a certain age

An over 50s policy is usually ideal for covering things

With some insurers you can stop paying for your

like rising funeral costs, as the pay out is lower than

premiums when you reach a certain age (usually

other types of policies. However, whole of life and term

90/95) and your cover will remain in place

policies tend to offer larger pay outs, which can help to cover larger expenses like a mortgage or funds for childcare/education.

Fixed monthly premiums Your premium price is guaranteed to remain the same Alternative options include:

Whole of life

Level Term

Decreasing Term

1. Covered for all of your life

1. Covered for a certain period (the term)

2. Guaranteed cash payout when you pass away

2. Pays out if you pass away during the term

3. Pay out amount stays the same

3. Usually more expensive than decreasing term)

3. Usually cheapest type of life insurance (risk to the insurer reduces)

4. Usually the most expensive type of cover

4. Pay out amount remains the same during the term

4. Pay out amount decreases during the term

Wealth

Over 50s life insurance considerations When securing a policy, it is important to acknowledge all aspects and make sure that the policy type is suitable to your needs. Although an over 50s policy has many positives, there are some things to consider: •

A lower max pay out, usually of £20,000. If you were looking for a higher amount of cover, whole of life insurance may be a better option

•

The waiting period. The policy will not pay out

How do I secure over 50s life insurance?

the full sum assured if you pass away during the

There are many ways to look for a policy, but to find

waiting period (the first 12 or 24 months depending

your best deal, will be down to having a shop around

on the insurer)

first. Most people do this by comparing quotes with

Risking paying more than you get out. If you

brokers, comparison websites or directly through an

fortunately live a long life after buying your policy, it

insurer. It’s sensible to compare quotes sooner rather

could result in paying more into the policy than the

than later to lock in a cheaper premium for the lifetime

lump sum paid out when you pass away.

of your policy.

Biotechnology

Synplogen collaborates with Ginkgo Bioworks Synplogen Co., a synthetic biology startup spun out

Ginkgo and Synplogen will explore global business

of Kobe University’s Graduate School of Science,

collaboration opportunities for DNA manufacturing.

Technology and Innovation that provides custom

Synplogen’s OGAB™ DNA synthesis services have the

DNA synthesis and Gene Therapy Biofoundry services,

ability to synthesize DNA of various lengths up to 100

and Ginkgo Bioworks, which is building the leading

kbp. OGAB is also capable of complex DNA synthesis,

platform for cell programming and biosecurity, today

with features such as a high/low guanine-cytosine

announced that they have entered into a non-binding

content and repeat sequences.

Memorandum of Understanding (“MOU”). Together, Synplogen and Ginkgo intend to accelerate the global

Furthermore, Ginkgo and Synplogen will work to extend

development of DNA manufacturing and gene therapy

the reach of Ginkgo’s gene therapy services in Japan.

platform services in Japan.

Synplogen plans to collaborate by offering business development and marketing support to connect

Biotechnology

Ginkgo’s services with Japanese biotechnology and

the vibrant and innovative Japanese bioeconomy

pharmaceutical companies. Ginkgo is prepared to

more broadly.”

utilize its end-to-end AAV gene therapy development platform, coupled with unique expertise in high-

“We are so honored that our DNA synthesis technology

throughput design and synthesis optimization, to

has been recognized by Ginkgo Bioworks, which is the

catalyze advancements in the Japanese bioeconomy.

global biofoundry leader,” said Kazuhiko Yamamoto, Representative

Director

and

CEO

Synplogen.

“Japan has long been a leader in developing innova-

“Ginkgo’s services can play a crucial role in driving

tions for the bioeconomy,” said Jason Kelly, co-founder

growth in Japan’s bioeconomy. We look forward to the

and CEO of Ginkgo Bioworks. “We’re thrilled to partner

practical impact of Ginkgo’s contributions, aligning

with Synplogen as we seek to grow our cell and gene

well with our commitment to advancing innovative

therapy service offerings in Japan as well as support

solutions for the Japanese biotech sector.”

Cryptocurrency

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Why should you open a trading account with RaiseFX

Prepare for the imminent arrival of Halving on Bitcoin

to trade cryptocurrencies?

(BTC)

RaiseFX is a multi-awarded and multi-regulated global

Bitcoin halving, or simply “halving,” is the process of

CFD online brokerage. Contracts for Difference (CFDs)

reducing the reward for mining new blocks by 50%,

are financial instruments that enable speculation

resulting in miners receiving half the number of bitcoins

on both upward and downward movements in an

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Following its initial halving on November 28, 2012, Bitcoin

Traders can engage in speculation on the price decline

surged from $12 to $42 within 100 days before reaching

of a cryptocurrency, which might not be feasible on a

$964 a year later.

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Additionally, leverage allows traders to substantially

Bitcoin was valued at $663; it then climbed to $2,550

amplify

a year later.

their

exposure

the

financial

market,

Cryptocurrency

The most recent halving, which took place on May 11,

Ethereum,

Tether,

Ripple,

Polygon…

this

diversity

2020, propelled BTCUSD from $8,740 to $56,600 within

gives traders the opportunity to speculate on major

a year.

cryptocurrencies but also alt-coins and emerging ones.

It’s evident that the cryptocurrency community is

Whether you identify as a scalper, day trader, or swing

eagerly anticipating the fourth halving, with the

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commitment

This substantial downturn instilled panic among traders and introduced uncertainty among dedicated crypto investors. However, recent market speculation, hinting at the potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), has led to a remarkable recovery, with the cryptocurrency now exhibiting a yearly surge of over 100%. The consensus is now unanimous, with all indications pointing toward a positive trend coinciding with the upcoming halving. Familiar with the age-old stock market adage, “buy the rumor and sell the news,” one might wonder if the current ascent of the leading cryptocurrency

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Corporate

Schneider Electric forges alliance with LMD Schneider Electric & LMD have signed a Memorandum

Under the agreement, Schneider Electric will offer

of Understanding (MOU) to implement cutting-edge

integrated smart building management solutions

sustainable solutions for smart city management in

to LMD UAE and LMD Egypt, as a part of its goal to

Egypt and the United Arab Emirates. The scope of the

strengthen

agreement covers One Ninety and Stei8ht projects in

Schneider Electric’s portfolio of solutions encompasses

Egypt and LMD UAE projects in Dubai, to deploy smart

AVEVA’s Unified Operations Center, enterprise-wide

building solutions and AVEVA software to manage

operations using an asset model to apply context to

systems and facilities, reduce carbon emissions, and

real-time processes, alarms, events, and archived data

promote environmentally friendly energy practices in

creating a single, common information stream that

the projects.

makes system design and maintenance more efficient

partnerships

with

the

private

sector.

and flexible. The system also effectively manages water consumption for irrigation and usage, in addition to implementing a scalable system that enables the integration of the processes and facilities along with enhancing the availability and functionality of the resources around the clock such as elevators and escalators. Schneider Electric will also supply medium voltage panels, loop modules, building management systems, Uninterruptible Power Supply (UPS), ASCO automatic transfer switches (ATS), and SCADA power management and control systems for diverse projects. Sebastien Riez, Cluster President of Schneider Electric Northeast Africa and Levant, commented on the MoU saying, “Adopting sustainability solutions on a larger scale is a global target as climate change challenges persist. Studies indicate that homes will become the biggest consumer of electricity by 2050. Through

The agreement was signed on the sidelines of UN

Schneider Electric’s solutions, we can work towards

Climate Change Conference (COP28) in Dubai, UAE by

ensuring energy efficiency and reducing carbon

Sebastien Riez, Cluster President of Schneider Electric

emissions. We have confidence that our integrated

Northeast Africa and Levant, and Amel Chadli, Middle

Homes of the Future solutions will help LMD apply the

East and Africa Digital Energy, New Energy Landscape

smart cities and smart buildings concept in One Ninety

and Energy Management Software Vice President,

and Sei8ht projects. Our mutual aim is to enhance

Schneider Electric, Eng. Amr Sultan CEO of LMD, and Mr.

sustainability and act for a climate-positive world

Hamad Al Abbar, Managing Partner of LMD UAE.

using technology.”

Corporate Amel Chadli, Middle East and Africa Digital Energy, New

“We’re excited about teaming up with international

Energy Landscape and Energy Management Software

firms. Our partnership with Schneider Electric, a

Vice President, Schneider Electric, said: “Partnerships

renowned global leader in energy management and

play a crucial role in our growth and expansion

automation, brings us immense satisfaction. We trust

strategy in the Gulf region, particularly in the UAE. We

Schneider Electric’s advanced sustainable solutions will

are fully dedicated to fostering collaboration with all

aid us in fulfilling our goal of enhancing safety, comfort,

key stakeholders in the region, including real estate

and sustainability for our customers. Our commitment

developers. Our partnership with LMD is a testament to

to integrating these ideals into our projects reflects

our unwavering commitment to supporting sustainable

our dedication to environmental conservation and

development endeavors in the region as we aim to

elevating the quality of life for residents. Sultan

provide cutting-edge solutions to enhance energy

emphasized the pivotal role smart cities will play in

efficiency and optimum resource management.”

shaping the future of the real estate sector.”

Eng. Amr Sultan, CEO of LMD has expressed his

Mr. Hamad Al Abbar, Managing Partner of LMD UAE,

enthusiasm for the cooperation with Schneider Electric,

emphasized the significance of the agreement as a part

stating: “We are committed to applying all sustainability

of the company’s keen interest in applying sustainability

standards in our various projects in LMD Egypt and UAE,

elements to its projects. He stated, “We are pleased to

including, two projects in Egypt One Ninety (Mixed Use

collaborate with Schneider Electric, aiming to enhance

Development) and Stei8ht (Singular Villas Community),

LMD UAE’s efforts in developing projects aligned with

and our projects in the UAE.

global sustainable development and environmental

Corporate

conservation trends. This collaboration aims to develop

ensuring the pinnacle of luxury and refinement for

strategies

solutions,

both residents and visitors. Featuring the W Residences

focusing on sustainable energy use, rationalizing

Cairo managed by Marriott International, it offers a

energy consumption, and reducing carbon emissions

distinctive hotel residential area alongside an array

across our projects for a sustainable environment.

of entertainment, art, and cultural services. Notably,

The partnership involves LMD UAE’s array of projects,

One Ninety houses Egypt’s pioneering design district,

such as Boutique XII, Marina Living, and Boutique 23.

CDD, and hosts globally recognized hotels like W Cairo

Additionally, it encompasses two of LMD’s projects in

and Aloft Hotel. The project is under the complete

Egypt One Ninety and Stei8ht which stand as genuine

management of “Hill International.”

promoting

effective

housing

examples of integrated urban communities that have successfully implemented essential sustainable

Furthermore, Stei8ht, an exclusive residential villa

elements.”

community spanning 1.5 million square meters under LMD Egypt, boasts a prime location in New Cairo.

The One Ninety project boasts a total investment of

This project strives to merge contemporary living

EGP 42 billion, occupying a vast area of 344,315 square

elements, featuring over 2,000 units, a comprehensive

meters. Situated strategically at the junction of South

commercial and administrative hub, as well as diverse

90th Street and the Ring Road, One Ninety stands

galleries, entertainment zones, and lush green spaces.

out with its unique designs, amenities, and services,

Banking

KJTS Group Berhad collaborates with Hong Leong Investment Bank

Banking

KJTS Group Berhad and its subsidiaries (collectively

growth. Our journey with Hong Leong Investment Bank

referred to as the “KJTS Group”), a building support

Berhad in this endeavour is instrumental in realising

services provider in Malaysia, Thailand and Singapore,

our expansion goals and strengthening our market

announce the signing of the underwriting agreement

position. The funds raised from the IPO will be primarily

with Hong Leong Investment Bank Berhad (“HLIB”) for

deployed to expand our cooling energy segment in

its upcoming initial public offering (“IPO”) on the ACE

Malaysia. Our cooling energy services enables us

Market of Bursa Malaysia Securities Berhad (“Bursa

to take advantage of opportunities from growing

Securities”).

awareness of Environmental, Social and Governance (ESG) principles as these cooling energy systems

The IPO exercise, as detailed in the Company’s draft

help our customers reduce carbon dioxide emissions

prospectus available on the Bursa Malaysia Berhad’s

through the reduction of electricity consumption. We

website, involves the issuance of approximately 218.03

also plan to use these funds to expand our offices in

million new ordinary shares. This represents 31.69

Malaysia, Thailand, and Singapore. This financial boost

percent of KJTS’s enlarged number of issued shares,

is key to our commitment to sustaining and expanding

which is split between the retail offering of 49.40 million

our services across these countries.”

new ordinary shares which represents 7.18 percent of the enlarged issued shares and institutional offering of

Group Managing Director/Chief Executive Officer of HLIB,

168.63 million new ordinary shares to institutional and

Ms. Lee Jim Leng said: “We are pleased to have played

selected investors which represents 24.51 percent of the

a key role in KJTS Group Berhad’s IPO journey. We hope

enlarged issued shares.

that KJTS’s market presence and future growth plans will present a compelling opportunity for investors. We

Hong Leong Investment Bank Berhad, as the Principal

are confident that this listing will be a significant step

Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner

forward for the company.

will underwrite the entire 49.40 million new ordinary shares under the retail offering.

The listing of KJTS on Bursa Securities is set to provide a robust platform for the company to embark on its

Managing Director of KJTS, Mr. Lee Kok Choon

next phase of growth and aligns its long-term vision to

and Executive Director of KJTS, Mr. Sheldon Wee,

solidify its position as a leader in the building support

commented: “This IPO marks a pivotal moment in KJTS’s

services sector.”

history, paving the way for our next stage of strategic

Technology

ADIO And Faraday Future Launches GenAI And Advanced EVs Boost SAVI Cluster

Technology

The Abu Dhabi Investment Office (ADIO) and the

will deepen Abu Dhabi’s EV industry while bringing

California-based global shared intelligent electric

new expertise in generative AI and shared intelligent

mobility ecosystem company Faraday Future Intelligent

mobility.”

Electric Inc. recently announced that FF is all poised to bring out their Generative AI and Advanced Intelligent

“This collaboration with ADIO to support SAVI’s efforts

electric vehicle capabilities to the UAE capital’s Smart

helps to explore both joint brand product and partnership

and Autonomous Vehicles Industry (SAVI) cluster.

opportunities in the UAE and will build on the company’s momentum,” stated Matthias Aydt, Global CEO of FF.

Industry sources added that Faraday Future, which

“In addition to our recently announced plans to enter

recently launched its limited-edition FF 91 2.0 Futurist

the UAE market as early as 2024 with FF 91 2.0 Futurist

aiFalcon model in the Middle East, pairs up with a growing

aiFalcon model, this agreement is a strong first step

cohort of firms committed to establishing a presence

toward realizing that goal. We believe this development

in the SAVI cluster. Abu Dhabi’s fully integrated SAVI

further validates FF’s global strategy plans and our

Cluster offers state-of-the-art facilities, services, and

products & technology, given that the UAE is one of the

regulatory enablement to enable the design, testing,

top luxury markets in the global automotive industry.”

and manufacturing of applications for transportation and mobility on air, land, and sea, as well as to service

“We are very excited to be able to support this

other sectors such as logistics is centered around Abu

collaboration. We appreciate FF strategic partners

Dhabi’s Masdar city.

and FF Middle East board members, Sheikh Abdulla Al Qassimi, CEO of Master Investment Group, and Mr.

Industry sources added that headquartered in Los

Ahmed Al Otaiba, Chairman of Siraj Holding LLC for their

Angeles, FF designs and engineers next-generation

great contributions. We look forward to a successful

intelligent electric connected vehicles focused on

long-term partnership and bringing unique value to

Ultimate Intelligent TechLuxury. The firm has developed

support SAVI’s vision and development,” stated Jerry

a generative AI product stack for utilization in its cars.

Wang, President of FF Global Partners LLC.

ADIO will work with FF as it looks to establish a regional headquarters, manufacturing facility, and an advanced

Industry sources also added that FF’s Abu Dhabi R&D

research and development (R&D) centre focusing on

centre will look to boost the pace of AI and electric vehicle

next-generation electric vehicle and AI technology in

innovation for mobility applications. It will also oversee

Abu Dhabi and exploring UAE capital markets activities.

the partnerships & technology transfer initiatives with universities across Abu Dhabi. Abu Dhabi’s SAVI cluster

Industry sources also added that ADIO and FF will be

builds on the power of Abu Dhabi’s industrial base

deploying their resources to develop leading regulatory

and supports the UAE’s target of half of all cars on the

frameworks that boost the creation of advanced smart

roads being electric by 2050. SAVI will be utilizing Abu

autonomous vehicle solutions and applications.

Dhabi’s unparalleled access to established air corridors, road infrastructure, and global seaports. The cluster

Badr Al-Olama, Director General of ADIO, stated: “SAVI

houses academia, test zones, R&D labs, testing and

stands at the forefront of innovation across air, land

certification facilities, large-scale workshops, hangars,

and sea mobility. The cluster is attracting exceptional

and manufacturing facilities, connected through Abu

companies with both the ambition and the ability to

Dhabi’s global logistics network.

disrupt and reshape the future of transportation. FF

Real Estate

Alexandria Real Estate appoints Sheila McGrath to BOD

Alexandria Real Estate Equities, Inc. the first, preeminent,

skills and a nearly three-decade track record as a

longest-tenured

operator

distinguished equity research analyst covering the REIT

and developer of collaborative life science, agtech

sector, Sheila will add significant value to Alexandria

and advanced technology mega campuses in AAA

and for our stockholders.”

and

pioneering

owner,

innovation cluster locations, recently announced that the company’s board of directors has elected Sheila

Ms. McGrath was a senior managing director at Evercore

K. McGrath as an independent director. The board of

ISI covering U.S. equity REITs, real estate operating

directors has also appointed Ms. McGrath to serve

companies,

as a member of the Life Science, Agtech & Advanced

vehicles, or FIBRAs, from 2012 until 2022. Prior to joining

Technologies Committee and determined that she is

Evercore, she was managing director and sector head

an independent director in accordance with New York

for REIT research at Keefe, Bruyette & Woods for five

Stock Exchange listing standards and Securities and

years and was a member of the firm’s Research Review

Exchange Commission rules. Her term will run until the

Committee and Leadership Committee. Between 1994

company’s 2024 annual meeting of stockholders.

and 2007, Ms. McGrath covered REITs and real estate

and

Mexican

real

estate

investment

operating companies as an equity research analyst

“We are honored to welcome Sheila to our board and

at several firms, including Smith Barney and UBS. She

leverage her deep experience in the commercial real

began her career as a commercial real estate appraiser

estate industry,” said Joel S. Marcus, executive chairman

valuing various commercial real estate properties

and founder of Alexandria Real Estate Equities, Inc. and

across most property sectors and conducting feasibility

Alexandria Venture Investments. “With strong financial

studies for new development projects.

Real Estate

In addition to serving on Alexandria’s board of directors, Ms. McGrath serves on the board of Granite Point Mortgage Trust Inc. She is an active member of Nareit, where she currently serves on the Advisory Board of Governors and the Real Estate Investment Advisory Council and previously served on the Best Financial Practices Council. Ms. McGrath also serves on the board of advisors of the Rutgers Business School’s Center for Women in Business, of which she was a founding member. She received her Bachelor of Arts degree in Economics from Lafayette College and her Master of Business Administration degree in Finance from Rutgers University.

Technology

Maximizing Safety in Rapid Urbanization with Value Engineered Electrical Products In the fast-paced development landscape of emerging

cost and performance. This approach not only makes

economies like Indonesia or Saudi Arabia, the role

the products economically viable but also opens

of electrical infrastructure cannot be overstated.

avenues for more extensive and inclusive electrification

As urbanization accelerates, so does the demand

projects.

for reliable and cost-efficient electrical solutions. In this article, we delve into the pivotal role that value-

Cities, especially in fast-developing economies, often

engineered electrical products play in minimizing risks

grapple with budget constraints. The conventional

associated with urbanization.

approach of investing in premium electrical products can strain these financial resources. However, value engineering presents a paradigm shift, where each component’s function is meticulously analyzed to strike an optimal balance between cost and performance. This not only makes electrical products more affordable but also empowers cities to embark on broader electrification initiatives that positively impact diverse communities. By embracing value engineering, cities can ensure that every penny invested in electrical infrastructure translates into tangible and scalable benefits, fostering a more equitable urban development. Furthermore, the affordability quotient extends beyond the initial purchase cost. Value-engineered electrical products, with their cost-effectiveness, contribute to reducing the economic burden on both city authorities and end-users. This affordability factor becomes a catalyst for widespread adoption and ensures that the

Affordability as the Cornerstone The

affordability

value-engineered

benefits of electrification reach all strata of society. electrical

products stands as a cornerstone for sustainable

Accelerating Development Through Time-Efficiency

urban development. In the intricate web of urban

In the race against time, value-engineered electrical

planning, where budgets are scrutinized and resources

products emerge as frontrunners. The meticulous

optimized, cost becomes a critical factor. Value

analysis

engineering systematically dissects the components

manufacturing

and materials, ensuring a judicious balance between

complexities and delays. As time is of the essence in the

functions

allows

process,

for

streamlined

minimizing

unnecessary

Technology urbanization narrative, swift deployment of electrical

production, a model where localized generation

infrastructure becomes a strategic advantage. Value

mitigates transmission losses and enhances overall

engineering not only trims down manufacturing

efficiency. This transition demands a robust and

timelines but also enhances overall project execution

flexible electrical infrastructure capable of seamlessly

efficiency.

integrating diverse energy sources. Herein lies the significance of value-engineered electrical products.

The conventional manufacturing processes of electri-

In a landscape where capital is a finite resource,

cal products often involve intricate design iterations &

initiating projects with cost-efficient solutions becomes

prolonged production cycles. However, value engineer-

paramount.

ing introduces a systematic approach that scrutinizes every function, eliminating redundancies & expediting the manufacturing timeline. This efficiency is particularly crucial in the context of urbanization, where rapid development demands quick and agile responses. The expeditious supply chain of value-engineered electrical products aligns seamlessly with the urgent demands of urban development, enabling cities to keep pace with the rapid transformations unfolding around them. Moreover, the time-efficiency aspect extends beyond manufacturing. Swift deployment of value-engineered electrical

solutions

accelerates

project

timelines,

ensuring that cities can adapt to the evolving needs of urban residents promptly. This agility becomes a strategic asset in addressing dynamic challenges such as population growth, technological advancements, and changing energy consumption patterns. Agile foundation for tomorrow For rapid urban and peri-urban development, strate-

The essence of value engineering lies not only in

gic planning in electrical infrastructure emerges as an

immediate affordability but also in future-proofing

imperative for sustainable progress. The trajectory to-

infrastructure. Beginning with unnecessarily expensive

wards decentralized power generation, incorporating

components

an optimal mix of fossil fuel-based electricity gener-

upgrades or changes. With value-engineered electrical

ation and renewable sources, underscores the critical

products, the initial investment aligns with both budget

need for swift modernization of electrical frameworks.

constraints and the imperative for adaptability in

As cities burgeon, the demand for power amplifies,

the face of evolving energy landscapes. In essence,

necessitating not just expansion but also adaptability

strategic planning in electrical infrastructure becomes

in electrical infrastructure.

synonymous with utilizing cost-efficient solutions,

limits

the

flexibility

for

subsequent

ensuring not just present viability but also fostering Facts substantiate this urgency. Projections indicate

a resilient and agile foundation for the challenges of

a shifting paradigm towards decentralized energy

tomorrow.

Technology Himel, as a multinational electrical brand with deep expertise in offering value engineered electrical products, pegs the benefits of affordable electrical products against various challenges of faster urbanization including cost constraints and relevance of electrical infrastructure in ever evolving development plans.

In conclusion, as we navigate the intricate tapestry of urbanization, the adoption of value-engineered electrical products emerges not merely as a choice but as a strategic imperative. By embracing affordability and time-efficiency, cities can not only minimize risks associated with rapid development but also pave the way for a sustainable, resilient, and electrified future. The transformative power of value engineering extends beyond cost reduction; it becomes the bedrock upon which cities build their electrically empowered destinies. About Himel Himel is an award-winning global manufacturer and supplier of electric products for Low Voltage Power Distribution, Final Distribution, Power Management, Motor Control and Protection, Industrial Components, and Home Electric offers. With a footprint in 50+ countries, the brand is a leader in valueengineered electric products for residential, commercial, and industrial sectors.

Technology

Trading

The RaiseFX broker is taking off internationally!

Back in 2021, RaiseFX, a global CFD broker embarked

Opting for the economic heart of South Africa, RaiseFX

on a daring mission: to transform the online trading

subsequently opened a second office in Rosebank,

landscape with a singular proposition – to be the best

Johannesburg. This location, characterized by state-

in the market!

of-the-art facilities and futuristic architecture, is positioned as an ideal hub for exploring new synergies

RaiseFX started expanding its international reach

with clients, and partners.

in February 2023 by offering its clients the use of MetaQuotes’ MetaTrader 5 platform, adding a new

However, the broker’s reach extended beyond the

dimension to their trading experience.

African continent, as RaiseFX expanded its influence to Beirut, Lebanon, a cultural and financial center in the

Heading for Africa!

Middle East. This additional office ensures that traders in the MENA region receive the same high-quality online

In August 2023, RaiseFX made the strategic decision to

trading services as their African counterparts.

embark on an international expansion by inaugurating

its offices in South Africa. Choosing the prestigious FNB

Apart from setting up offices, RaiseFX, the online

Tower in Cape Town, the tallest building in the city with

brokerage company, displays a vibrant presence in the

breathtaking views, the company established its first

trading domain, surpassing geographical confines and

African foothold.

showcasing a commitment to global financial markets.

Trading

The next step in this exciting journey?

FSCA in South Africa and SVGFSA, RaiseFX guarantees a secure trading environment. This commitment to safety

Taking part in prestigious trade exhibitions like the

allows traders to focus entirely on their strategies,

Finance Magnates London Summit and the Forex Expo

unlocking their full potential.

in Dubai is essential for key players in the financial industry. These events provide RaiseFX with a platform

Furthermore, RaiseFX’s expertise is underscored by

to present its offerings to diverse types of traders.

World Business Outlook magazine, which bestowed

Whether you specialize in intraday trading, scalping,

upon it the “Best Customer Service 2023” award for the

or have interests in Bitcoin (BTC), EuroUSD, indices, or

Africa region, and ‘Best Multi-Asset CFD Broker 2023’ for

stocks, you’ll have the chance to engage directly with

the MENA region. International Business Magazine has

the RaiseFX team. They will be present to address all

also acknowledged RaiseFX, presenting it with the “Best

your inquiries and provide valuable insights.

Trading Conditions 2023” award in Southeast Asia and in Africa.

A strength that lies in expertise! In

summary,

RaiseFX’s

swift

global

expansion

RaiseFX’s strength lies in its recognized expertise in

demonstrates its commitment to offering the best

the field of online trading as well as its client-centric

opportunities to its clients by never ceasing to increase

approach. Positioned as a premier choice for traders,

its level of expectations towards its clients. The

the company boasts ultra-low commissions and

company continuously raises its expectations, ensuring

spreads. Recently securing licenses from both the

a commitment to excellence in its trading services.

Startup

The Urban Office redefines coworking in Thailand’s startup The Urban Office, a homegrown powerhouse in Thailand’s coworking scene, is on a mission to fuel the dreams of startups and SMEs at every stage of their journey. We offer an array of flexible workspace solutions, from vibrant shared coworking spaces, instant serviced offices, and virtual office solution, to cozy breakout lounges, phone booths for private calls, and even an in-house café and outdoor terrace. As the world of work has evolved to more hybrid model work structures, our offices are equipped with advanced IT network infrastructure to enable blazing-fast Wi-Fi and VoIP telephony services for business connectivity demands. At The Urban Office, we welcome entrepreneurs and enterprises alike, fostering a dynamic startup community, and a thriving hub for social connections. Our latest location, spanning 2,000 sqm in Phrakhanong, is not just the largest workspace in the area; but also, a modern work oasis designed to be human-centric, fitted with lush greenery, a spacious outdoor terrace, comfortable library, breakout communal lounges, and more. Trinh Danh, Co-Founder and Managing Director, proudly states, “We’re expanding our premium coworking brand to cater to the vibrant Thai startup community. We believe workspaces should evolve with our lifestyle, inspire innovation and entrepreneurship, and nurture social connectiveness.”

Startup While others focus on beautiful spaces, we go beyond to making work remarkable. What remains unchanged for us here at The Urban Office Thailand is that we understand that emerging generations want vibrant places of genuine connection, belonging, and humanness. We are humbled to see several generations of people converge, mix, and mingle, fostering real social connections that go beyond the physical workspace. We are dedicated to offering more value to our vibrant community with exclusive services that redefine the future world of work. Discover your next workspace solution with The Urban Office. Join us in creating a future where remarkable people and great ideas thrive. About The Urban Office: We believe workspaces should adapt to our changing lifestyles. With three locations in Bangkok’s Central Business Districts, The Urban Office offers a tech-infused coworking community that’s been nominated and voted the Best Coworking Space Startup in Thailand for 2019, 2022, and 2023. Explore about The Urban Office at https://www.theurbanoffice.com/

Automotive

BYD Displays Its Latest Fleet Of Energy Vehicles

BYD, a manufacturer of new energy vehicles and a

architecture for high-end vehicles using new energy.

world leader in its industry, unveiled a full line of vehicles

The Supercar platform, created under this architecture,

at the 21st Guangzhou International Automobile Show

made its official debut, marking Yangwang’s transition

from 17 to 26 November. Recently according to Industry

from off-road vehicles to racing cars based on

sources, it debuted the e4 concept car, launched the

advanced technology. The interior space of the

Supercar platform, and revealed a new all-electric SUV,

Yangwang U9 was revealed at the Show, characterized

the Sea Lion 07 EV.

by a cockpit that stands out both for its technological complexity and its sporting characteristics.

Industry sources added that Yangwang, BYD’s premium sub-brand, was impressed with the debut of its latest

BYD Ocean Series has revealed its first all-electric mid-

e4 concept car, revealing the Supercar platform and

size SUV, the Sea Lion 07 EV, which embraces the ‘Ocean

introducing the U8 and U9 models. Industry sources

Aesthetics’ design philosophy – it is based on a rear-

further touching on the specifications of the supercar

wheel drive/all-wheel drive architecture, is equipped

added that it’s e4 concept car has no steering gears

with CTB technology and iTAC intelligent torque control

or braking mechanisms. It employs three-in-one

technology.

technology for driving, braking, and steering, eliminating the need for conventional mechanical systems.

Touching the specs of the BYD Ocean Series, Industry sources added that it also features independent

Industry sources further added that earlier this year,

suspension, a double-wishbone front, and a five-link

Yangwang

rear, along with the BYD DiSus intelligent body control

had

launched

its

unique

namesake

Automotive system. The Ocean Series currently boasts numerous

will be available to the public starting in December.

popular models such as the Dolphin and the Seal,

Additionally, features such as Sentry Mode, Light Map

thus creating a reliable IP portfolio. Looking ahead, the

Mode and Commute Mode will be gradually introduced

Ocean Series plans to unify the SUV and sedan models

next year.

under the intellectual property of Sea Lion* and Seal, respectively.

Industry sources further pointed out the FANGCHENGBAO, BYD’s professional customized sub-brand, was also

Industry sources further added that Denza, another

present at the Show with the newly launched BAO 5

high-end sub-brand in BYD’s diverse brand matrix,

last week, which positioned itself as an “advanced

introduced the D9 PREMIER (inaugural four-seater

super hybrid SUV” with a base price of RMB 289,800 and

edition) along with numerous advanced technologies.

equipped with core BYD technologies, such as DMO

For the exterior, a two-tone ‘galaxy’ bodywork was

and DiSus-P. The BAO 5 uses the ultra-safe lamellar

adopted and for the interior, gilding techniques based

battery, made with a five-layer protection structure

on a very long cultural tradition were applied.

and shielded by a double-ring barrier system.

The cockpit is equipped with 22 DEVIALET audio

BYD is present with four stands at the 21st Guangzhou

speakers and a top-of-the-line intelligent customized

International

dashboard; there is also an 8-inch screen on the

November 26. Various cutting-edge technologies from

armrest.

BYD – Dual Mode Off-road (DMO) Super Hybrid Platform,

Auto

Show,

which

continues

until

BYD DiSus Intelligent Body Control System and e4 The NOA (Navigate on Autopilot) system will be

Platform – are also on display. BYD thus demonstrates

launched on the market in December, followed by the

its pioneering technology and unmatched progress,

gradual introduction of urban NOA in the first quarter

which contributes to cooling our planet by 10C.

of next year. Vehicles with the high-speed NOA system

Technology

Huawei Doubles Down Its Aid For Europe’s Sustainable Digital Transition

Industry sources also added that Huawei worked with partners to help build Hungary’s East-West Gate (EWG) Intermodal Terminal into the first 5G-powered logistics terminal in Europe. With ultra-high bandwidth, ultralow latency, and high reliability, 5G helps enable fully automated and remote-controlled overhead cranes for smart railway logistics. The terminal is much safer, offers better working conditions, and runs 20% more efficiently. Ken Hu, Huawei’s Rotating Chairman, in his opening remarks, stated “Europe is making incredible progress in digital transformation, and you are leading the global transition towards a greener future. Huawei has been working side-by-side with our European customers and partners for more than 20 years now. We’ve made great progress connecting people, empowering businesses, and building Europe’s digital ecosystem. Moving forward, we will continue to strengthen our support in Europe for digital transformation, local innovation, sustainability, and cyber security.” Jim Lu, Huawei’s Senior Vice President and President of the European Region, followed with a keynote where he proposed four pillars to better support Europe’s twin transition: connectivity of everything, intelligent cloud, “bits manage watts”, and open cooperation. “Huawei is ready and willing to work together with partners to

Huawei kicked off its annual flagship event HUAWEI

provide better products and solutions to customers. We

CONNECT 2023 in Paris today. Thousands of guests,

will continue to do our part to support Europe’s green

including industry leaders, technical experts, and

and digital transition,” stated Lu.

partners from around the globe, gathered to explore how digital and intelligent technology can help

“Europe is a global leader in the transition towards

accelerate the EU’s green and digital transition.

clean, green energy,” stated Lu. “For years now, we’ve been working to integrate digital and power electronics

Industry

sources

further

added

that

connecting

technologies to boost the production of clean energy

everything with high-speed networks is key to digital

and promote the digitalization of energy systems. To

transformation. This is especially true in industrial

date, Huawei has helped generate 228 billion kilowatt-

settings, where high-performance networks support

hours of green electricity in Europe, reducing carbon

real-time transmission, analysis, and computing of

emissions by 102 million tons, while creating tens of

massive amounts of data. Huawei provides network

thousands of high-value jobs.”

solutions that are resilient, intelligent, and lossless,

supporting ultra-broadband connections for a wide

Lu further adds ” Europe is one of Huawei’s most

range of different industrial scenarios.

strategically important regions in terms of our global

Technology operations. Huawei will continue to stay customer-centric, create value for customers and partners, strengthen innovative collaboration with European partners, help cultivate local digital and green talent, and further grow our R&D investment in Europe. We look forward to doing our part to accelerate Europe’s green and digital transition.” Lu concluded by calling for an open, fair, and inclusive environment for innovation that is key to social development.

Startup

The Urban Office’s evolutionary approach to crafting remarkable Work Experiences

From the pulsating energy of vibrant shared coworking spaces to the hushed elegance of instant serviced offices, and the convenience of virtual office solutions, their offerings are as diverse as the dreams they nurture. But there is more to this symphony. The Urban Office incorporates an intricate tapestry of convenience, providing cozy breakout lounges where ideas flow like poetry, phone booths that provide solitude for private conversations, and an in-house café and outdoor terrace that serenade the senses. Each note in this symphony is a stroke of genius designed to inspire and elevate the human spirit.

A Technological Edge In an era where physical constraints no longer define the world of work, The Urban Office distinguishes itself with a robust technological foundation tailored to the demands of contemporary professionals. Their offices are a testament to the future, featuring advanced IT network infrastructure that ensures a seamless work experience. High-speed

Wi-Fi

and

VoIP

telephony

services

seamlessly integrate with the connectivity demands of today’s business landscape. This guarantees that entrepreneurs and visionaries at The Urban Office remain effortlessly connected to the world as they shape their destinies.

In the ever-evolving landscape of contemporary work culture, The Urban Office emerges as a homegrown

A Community of Innovators

powerhouse on a noble mission to nurture the dreams

At The Urban Office, the tune of work is not just about

of startups and small and medium-sized enterprises

bricks and mortar; it is about hearts and souls. It is a

(SMEs) at every point of their remarkable journey.

place where entrepreneurs and enterprises, diverse in

This article embarks on an exploration of The Urban

their passions and pursuits, come together to compose

Office’s transformative role in redefining workspace

a dynamic startup community that crescendos with

solutions, immersing you in a world where innovation,

creativity. The Urban Office is a thriving hub where

connectivity, and community converge seamlessly.

connections are not just made but celebrated, where ideas are nurtured like precious seeds in the fertile soil

The Evolution of Work The

Urban

Office

orchestrates

of collaboration. an

awe-inspiring

symphony of workspace solutions, each designed to

Their latest masterpiece, a sprawling 2,000 sqm location

blend with the unique needs of modern professionals.

in Phrakhanong, is not merely the largest workspace

Startup

in the area but a modern work oasis, a symphony of

startup community. We believe workspaces should

human-centric design. It beckons with lush greenery,

not just exist but collaborate, evolve with our lifestyles,

extending an invitation to pause, breathe, and connect

inspire innovation and entrepreneurship, and nurture

with nature amidst the urban jungle. A spacious

social connectedness.”

outdoor terrace offers a canvas for inspiration and contemplation.

The Pursuit of Remarkable Work While some may focus on the aesthetics of spaces, The

Within,

comfortable

library

whispers

tales

Urban Office dares to tread a different path. They believe

knowledge, breakout communal lounges whiz with the

that work should not merely be beautiful; it should be

cadence of shared ideas, and every nook and cranny

remarkable. Their unchanging ideology involves the

are a verse in the grand symphony of creativity. It is a

understanding that emerging generations look for

place where innovation reverberates through the halls,

more than a workspace; they yearn for vibrant places

and the melody of entrepreneurship plays in every

of genuine connection, belonging, and humanness.

heart.

A Visionary’s Declaration

The Urban Office stands humbled by the sight of several generations converging, mixing, and mingling

Trinh Danh, the Co-Founder and Managing Director,

within its walls, forging connections that transcend the

stands as the maestro of this opus. With a heart

physical workspace. It is a testament to the enduring

attuned to the aspirations of Thailand’s vibrant startup

power of community and the timeless refrain of human

community, she proudly states, “We’re expanding our

connection.

premium coworking brand to cater to the vibrant Thai

Startup

A Journey into the Future The Urban Office is not content with resting on its laurels; it constantly looks to offer more value to its vibrant community. Exclusive services are crafted and designed to redefine the very concept of work. It is a journey into the future where remarkable people and great ideas thrive in unison, creating a piece that resonates across time and space.

An Overture to Tomorrow The Urban Office remains a true beacon of innovation, connectivity, and community in the ever-shifting sands of our work lives. With three locations in Bangkok’s Central Business Districts, it is more than a workplace; it is an overture to tomorrow. In the symphony of life, where work and passion harmonize, The Urban Office is the conductor of goals, orchestrating a masterpiece where amazing people and great ideas thrive. Join likeminded entrepreneurs and professionals at The Urban Office to make your work more remarkable. Explore About The Urban Office at https://www.theurbanoffice. com/

Banking

Vietnam has a massive investment portfolio for its infrastructure and manufacturing sector Vietnam, the land of terraced rice fields and exotic

been lifted in the country. The Government of Vietnam

beaches is also garnering a reputation for being the

has established a robust business ecosystem with free

next big manufacturing hub for electronic products and

trade participation with most of the countries from EU,

components. With a stable political scenario, an open

RCEP, CPTPP and many others. As per reports, Vietnam

FDI setup and an abundant workforce of skilled talents,

has recorded one of the highest investments in

Vietnam is fast becoming Asia’s most favourable

infrastructure in the Southeast Asian regions. Vietnam

destination for international investments. As a member

also benefits from the fact that more than half of its

of the Association of Southeast Asian Nations (ASEAN)

population is below 30.

and due to its strategic location in the South China Sea along with its proximity to China, Vietnam has

A young population indicates that Vietnam is a hotbed

the biggest potential to become the number one

for consumer goods and services sectors. The income

investment destination in Asia.

levels in the urban areas are reportedly much higher than the national average, and education and skill

Vietnam has consistently delivered a favourable

development opportunities have also increased in

business climate after the COVID-19 restrictions have

recent years. Along with education, Vietnam offers

Banking one of the highest promises for Telecommunication,

The Tourism sector is also a goldmine for foreign

Information

Generation,

investors as Vietnam is a land full of rich culture and

Transportation, Construction, Sustainable Technology,

landscape. The upgraded transport infrastructure has

Aviation and Defense. Another reason for the stability

given this mainland in Southeast Asia a good image

in the growth trajectory is the involvement of state-

among travel enthusiasts.

Technology,

Power

owned enterprises in some of the core sectors while also encouraging foreign direct investments in them. Destination for Maximum Returns With over 3 airports and 34 seaports across the country, the Land of the Ascending Dragon has ensured maximum connectivity for every trade possible. As mentioned earlier, infrastructural investments are a key achievement of the Vietnamese government. Since 2022 itself, Vietnam has had a functional 1,100+ km highway system with connectivity to all major cities and even industrial parks and ports. The Government of Vietnam has ensured low-cost labour, land and operations. With an abundance of raw materials such as minerals, oils and farm produce, manufacturers do not have to rely on imports as well. Many of the Asian electronic and global automotive giants prefer to set up their manufacturing bases in Vietnam because of the low operating costs. This is one of the reasons why Vietnam is one of the biggest

Delving more on the online payment ecosystem, the

exporters of electronic goods today. The government

financial technology is also booming with the State

has also made tax policies, import & export policies,

Bank of Vietnam reporting a jump in the number of new

and land rental laws favourable for foreign companies.

fintech solution providers in the country. Currently, the online economy of Vietnam ranks among the highest

Among the sectors, e-commerce, retail and tourism

in Asia with a rapid expansion in the number of fintech

have seen an uptick in investments. The young

companies.

population of the country is fueling the rapid growth of the sector. Several e-commerce platforms have

Raising Capital, Growing Economy

reached a wide audience across Vietnam giving

The financial sector, especially the investment arm

people access to online trade and market that was not

of the bank, plays a vital role in the development

possible earlier. The online ecosystem has also opened

of a nation. They add liquidity to the market and as

the vast possibilities of the online payment system.

intermediaries, investment bankers have become very

Vietnam has seen the growth of several digital wallet

efficient today. The interest rates in investment banks

apps, which is bringing about a small revolution in the

have a major influence on commercial banks as well.

banking industry as well. Modernization and heavy investments in the transportation infrastructure have

The capital market in Vietnam is bringing about huge

further aided the logistics sector.

disruptions in several sectors with several leading securities firms. World Business Outlook recently

Banking

announced the Best Investment Bank in Vietnam for

partners have placed in us. The story behind this

2023. This award winner was chosen based on the

success is our unwavering commitment to exceeding

longest experience in the widest sectors. The winner

their expectations not only in the past but also in the

is an investment bank that has the most detailed

years to come.

knowledge of the industry, the competitive landscape, and in-depth industry analysis capabilities in Vietnam.

What is the role of an investment bank like VPS

The winner, VPS Securities Joint Stock Company (JSC),

Securities JSC in the economy of Vietnam?

was given the title at a grand event in Mariott Marquis,

Vietnam is turning out to be the best option for

Bangkok Thailand on November 25.

manufacturers who are looking for an alternative to China. This has led to a boom in foreign direct

Established in 2006, VPS Securities has a portfolio that

investments in the country. Therefore, the investment

includes stock brokerage, financial services, investment

banks like VPS Securities JSC played a pivotal role in

banking and more. Its core interest lies in institutional

positioning Vietnam as the next foreign investment

brokerage, retail brokerage, wealth management

powerhouse in Asia. We strive to providing exceptional

and similar others. It has proven its expertise in

services as well as fostering a robust and dynamic

capital arrangement, securities underwriting, mergers

environment for the investors.

and

acquisitions,

business

valuation,

corporate

restructuring and debt management. They also provide

What is in store for VPS Securities JSC in 2024? Please

trading platforms and advisory services to individuals

share a glimpse of what we should expect in 2024.

and institutional investors.

In 2024, we still embark on the journey of developing comprehensive

customer-centric

solutions

via

At World Business Outlook Awards 2023, Thailand,

advancing our infrastructure and IT system and

Ms Ngoc Tran, Director of Investment Banking Services

facilitating our quality services at the enterprise level.

Department, spoke to us about her recent achievements

We are opening up opportunities for easy access (both

and future ambitions

on online and offline bases) to a diverse ecosystem of products and services, serving the various financial

How does it feel to win the award for Best Investment

needs of customers. We focus on our human resource

Bank in Vietnam for 2023? What is the strategy behind

training and development and investing extensively

your success?

into our 5-star rated working facilities to excel our staff

It is a great honour for us to win the award for Best

experience in the long run. Being the one of the leaders

Investment Bank in Vietnam for 2023. We receive this

in Vietnam financial markets, we always strive our best

award with a sense of pride, and humility, with the

to continue the journey of relentless innovation and

awareness that the journey of excellence is ongoing.

sustainable growth with the constant spirit of integrity

This award is not just a reflection of our achievements

and dedication.

but a reminder of the trust which our clients and

Banking

Trading

Rise in Investments and Number of Online Trading Companies

In recent times, E-Commerce and online trading have

What are IB Partnership Programs? How do they

become two of the highest economic changes in Belize.

benefit the Online Trading Industry?

With high-speed mobile connection and promotion on

Since an Introducing Broker gets new clients to the

social media channels, the revenue of E-Commerce

brokerage firm, they get rewarded in the form of a fee

channels is expected to go higher than USD 2 million

(commission) as per the management policy.

this year. Financial Firms around the globe involved in online

The popularity of online trading in Bitcoins, CFDs and

trading have designed various types of IB programs

other assets cannot be undermined, even though there

as per their products and services. However, the best

is high risk involved in the process. Companies such

IB program can be the one where the IBs start to earn

as FBS have ensured to give the best services to the

as soon as their referral participates in online trading,

brokers and newbies so that they can gain profits by

without making an investment. The more their referrals

means of IB Partnership Programs.

trade, the more commission the IB gets.

Trading FBS, being in the industry for close to 14 years, has

Online trading, having become one of the biggest

designed one of the Best IB Partnership Programs in the

financial markets has found many takers even in Africa.

industry as it gives various benefits to partners in terms

The reason, many with regular jobs have considered

of commissions, daily payouts and withdrawals.

indulging in Forex Trading as an additional source of income. With FBS offering the recent technology tools

FBS has some of the best products & services along with

(MT4 & MT5) in the market, and the ability to make

recent tools that the IBs can promote to increase brand

the best decisions with guidance from experts have

awareness amongst their referrals. When the IB attract

made Forex trading in many commodities popular

new referrals, they get paid a generous commission

amongst loyalists and newbies. With one of the best

as compensation for their services. Also, there is no

IB programs in town, the newbies and the starters get

investment required, and FBS appoints a personal

advice to select the account they will need to sustain

manager as well as free promotional materials.

their interest, gain knowledge and make profits.

Benefits of IB Programs

Taking this point into consideration, World Business

The IB partners will get paid a commission depending

Outlook has offered FBS the reputed Award Title of Best

on the commodities their referrals trade every day. So,

Forex Broker Africa 2023.

they get to earn attractive commissions every day. At present, FBS has one of the largest percentages in the spread (up to 43%) that is considered one of the best in the industry. For any professional with the zeal to seek new horizons in online trading, the FBS IB program is labelled as one of the Best in terms of Sustainable & Steady Income. To commemorate their contribution to the Online Trading Industry, and for designing one of the transparent IB programs, World Business Outlook has awarded FBS with the title – Best IB Partnership Program Global 2023, a befitting tribute to its user-friendly guidelines. Qualities of a Good Forex Broker and Winning an

Client Support

Award

FBS also offers training sessions for traders in the form

To gain trust, a good Forex Broker has to get licenses

of seminars, webinars, tutorials and information on

from many Governing Bodies of the respected

new technologies in the trading market along with

countries’ Financial Department. As a global broker

recent strategies so that the IB, newbies and hobby

that keeps in account its loyal traders’ best interests in

traders can rake in profits. Also, the company has

view, FBS complies with the regulations and is licensed

ensured to put in place one of the best Client Support

by such reputable financial organizations as FSC

Teams that works tirelessly 24/7 to ensure customer

(Finance Service Commission, Belize), CySEC (Cyprus

satisfaction, timely response & resolution of problems

Securities and Exchange Commission, Cyprus), and

by introducing new technologies and tools (MT 4 & MT

ASIC (Australian Securities & Investments Commission,

5) in mobile & multiterminal versions to ensure client

Australia.

support around the clock. Also, the support team is available on platforms such as Facebook Messenger,

Trading

Viber, Whatsapp, Telegram, WeChat & Line. Traders/

What are your future plans for 2024?

Brokers can also chat on the website with the Official

Our main plan is to be consistent in what we already

Bot of FBS.

are, to spread our knowledge, to spread our influence, keep spreading, and being the best one just as this

These three qualities of FBS along with providing

year.

other benefits in online trading have ensured that the company has firmly established its presence in more

With a decade long experience, FBS has clearly

than 150 countries. Till date, nearly a billion traders

understood the pulse of the online trading audience

and more than 5 lakh partners have chosen FBS as

that every enthusiast will have different demands

their platform for online trading. These qualities have

and needs. With their ability to adapt to the recent

made FBS win the third award, i.e, Best Client Support

technological innovations and able support from the

Southeast Asia 2023 at the annual event ceremony of

customer service team, FBS is sure to retain its top

World Business Outlook Awards 2023.

position as one of the most reliable and honest brokers in the globe.

Since its establishment in 2009, FBS is offering the best products and services to its millions of customers. The main focus of services lies in its different types of trading instruments, that includes the likes of metals, indices, energies, stocks, forex, crypto and others. World Business Outlook spoke with FBS team regarding winning three prestigious Awards in the Annual Ceremony held at Marriott Marquis, Queen’s Park, Bangkok, Thailand. Excerpts from the Interview: How do you feel about winning an award at World Business Outlook Awards 2023? We came here to this wonderful event. We are too honored to be present here to receive the three awards. Congratulations! Can you please share with us your strategy behind your success? First of all is reliability. After being established in 2009, we are operating for more than 14 years already and we are one of the biggest and the best broadcast companies. We are present in many parts of the globe, nearly 150 countries all over the world. This is our strategy. We are reliable, we follow the International Standard Guidelines – the main reason, we are trusted by many.

Trading

Technology

Safer Access to Electricity with Increasing Electrification: What is Next on Horizon for ASEAN Countries

Association of Southeast Asian Nations or ASEAN is a diverse group including Brunei, Myanmar, Cambodia, TimorLeste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Several of these countries are fastgrowing economies with their immense potential heavily dependent on manufacturing and trade. To keep growing as economic powerhouse, balance urbanization and consumer growth in tandem, these countries require accelerated electrification and modernization of existing electrical infrastructure.

As we stand on the precipice of a new decade, a

access to electricity, with rural areas disproportionately

fundamental question echoes across the vibrant

affected. This lack of basic infrastructure hinders

tapestry of ASEAN nations: how can we ensure safer

education, livelihoods, and traps communities in a

access to electricity for all? This seemingly simple

cycle of poverty.

question holds the key to unlocking not just illumination, but a cascade of positive transformations—from

Electricity is needed to power the most basic services in

economic prosperity to educational equity, improved

healthcare facilities, from ensuring clean water supply

healthcare, and environmental sustainability.

to keeping communication on, let alone lightning. It is also crucial for the medical equipment necessary to

While the region has witnessed remarkable progress

ensure immunization or safely manage childbirth and

in recent years, the statistics paint a sobering picture.

for undertaking most of the routine and emergency

According to the International Energy Agency, around

procedures. According to WHO reports, approximately

65 million people across the ten ASEAN countries still lack

12% of healthcare facilities in South Asia lack access to

Technology

electricity whatsoever. This is a stark reminder that the

access solar panels and other clean energy solutions.

absence of electricity is not merely an inconvenience; it’s a matter of life and death.

However, there’s still much work to be done. The infrastructure

gap

remains

substantial,

requiring

One of the primary hurdles in addressing this issue

an estimated investment of USD 210 billion by 2030.

is the outdated and inadequate infrastructure that

Policy frameworks must evolve to incentivize private

plagues certain regions. The World Bank estimates that

sector involvement and foster innovation. Community

around 50% of the population in the ASEAN region relies

engagement is crucial to ensure culturally sensitive

on traditional and often hazardous cooking methods,

solutions that address local needs and challenges.

highlighting the critical need for comprehensive electrification initiatives.

Looking ahead, several key areas demand unwavering focus.

high

level,

modernization,

prioritizing

embracing

grid

expansion

But amidst the challenges, glimmers of hope emerge.

and

renewables

and

Governments are ramping up electrification initiatives,

empowering communities and human capital need

with a focus on renewable energy sources like solar and

to be executed. Simultaneously, to make this shift

hydro. Vietnam, for instance, aims to achieve universal

faster and cost-efficient, adoption of value engineered

electricity access by 2025, while Indonesia is investing

electrical products is imperative.

heavily in mini-grids and off-grid solutions to reach remote areas.

The concept of value engineering has gained significant importance in recent times, especially in emerging

Technological advancements are also playing a vital

economies where cost-effective products without

role. Smart grids are being deployed to optimize energy

compromising on quality or durability are in high

distribution and minimize losses. Digital platforms are

demand. Especially, recent pandemic and extreme

connecting consumers directly to energy providers,

climate situations have highlighted the need to focus

fostering transparency and affordability. And the rise of

not only on development but also on contingency and

microfinance is enabling low-income communities to

recovery in ASEAN countries. By providing necessary

Technology functions in product, application, and project through

Safer access to electricity for all is not just a humanitarian

cost-efficient design, procurement, production, and

imperative; it’s a strategic investment in ASEAN’s future.

supply, value engineering enables cost-inexpensive

It’s about unleashing the full potential of its people,

development and modernization. This approach allows

driving economic growth, and securing a sustainable

reduction in costs while maintaining the quality and

future for generations to come. And, the imperative for

durability of electrical infrastructure. Himel, as a leader

safer access to electricity in ASEAN countries demands

of value engineered electrical products has successfully

a multi-faceted approach that goes beyond traditional

implemented cost efficient electrical infrastructure in

infrastructure development. In the recent years, Himel

residential, commercial and industrial applications.

has successfully initiated conversation on impact of employing value engineered electrical products in cost

In context of development of resilient industrial and

efficient, faster and safer infrastructure modernization.

commercial ecosystem in ASEAN countries, valueengineered electrical products can play a crucial role

By harnessing the power of innovative technologies,

in how well and how soon the electrical infrastructure

embracing

can be developed, scaled up, or modernized.

and efficient power source mix, the region can pave

value

engineered

electrical

products,

the way for an equitable and safer future. That As several ASEAN countries are dealing with a

said, governments, businesses, communities, and

mammoth

individuals need to join hands to illuminate the path

electrical infrastructure and accelerated development

towards a brighter future for all. This will not only foster

of new electrical set-up; value engineered electrical

collaboration, but drive the necessary transformations

products can facilitate making the costs of operations

that will empower communities, spur economic growth,

and technology more efficient.

and propel ASEAN nations towards a brighter, electrified

task

balancing

modernization

future.

Technology

About Himel Himel is an award-winning global manufacturer and supplier of electric products for Low Voltage Power Distribution, Final Distribution, Power Management, Motor Control and Protection, Industrial Components, and Home Electric offers. With a footprint in 50+ countries—the brand is a leader in value-engineered electric products for residential, commercial, and industrial sectors, providing the best combination of affordable and reliable offers to meet the demand for access to safe electricity.

Technology

Scottish startup Novosound has expanded its healthcare and wireless wearable ultrasound operations in the

Novosound Expands US Footprints With Healthcare And Wearable Ultrasound Operations

US. Industry sources added that the firm has recently entered a wearable ultrasound collaboration with one of America’s leading cardiovascular surgeons, Todd K. Rosengart, Vice President and DeBakey-Bard Chair of Surgery at Baylor College of Medicine, based within the Texas Medical Centre in Houston. Novosound CEO, Dr Dave Hughes, stated: “We’re making remarkable progress in the US, venturing into varied sectors such as healthcare, wearables with several clients in the West Coast tech scene, renewables and energy, including an introductory visit to Axiom Space, which closely follows their exciting partnership announcement with the UK Space Agency.” Dave Hughes added: “We’re seeing that our R&D partnerships are frequently translating to commercial agreements, and we expect to announce a number of these in 2024.” Hughes continued: “Novosound is growing rapidly across our three main sectors – medical, wearables, and industrial monitoring, in North America. On the financials, this equates to us doubling revenue for the fourth year in a row, while adding expertise to the team. Overall, we’re demonstrating that we’re at the forefront of ultrasound sensor technology, and our clients are helping us achieve our vision, which we describe as ‘Ultrasound. Integrated. Everywhere.” Additionally,

the previously announced medical

imaging collaborations with Nasdaq-listed PAVmed Inc. and dental company dSound continue to progress through significant developmental milestones.

Country

Name of the company

Category

Abu Dhabi

Abu Dhabi Investment Office

Most Sustainable Destination for Business Abu Dhabi 2023

Abu Dhabi

Abu Dhabi Investment Office

Best FDI Destination Abu Dhabi 2023

Afghanistan

The First MicroFinanceBank-Afghanistan

Most Innovative Bank in Women Empowerment Afghanistan 2023

Africa

APO Group

Leading Public Relations Firm Africa 2023

Africa

APO Group

Leading Pan-African Communications Consultancy Africa 2023

Africa

Comium

Mobile Operator of the Year Africa 2023

Africa

FBS

Best Forex Broker Africa 2023

Africa

Hantec Financial

Best Forex Broker Africa 2023

Africa

InfraCo Africa

Leading Infrastructure Finance Company Africa 2023

Africa

RaiseFX

Best Customer Service Broker Africa 2023

Africa

TD Markets

Most Trusted Broker Africa 2023

Africa

Wallet Factory

Best Digital Payment Platform Africa 2023

APAC

Air Tahiti

Best Regional Airline APAC 2023

APAC

Air Tahiti

Best Branding APAC 2023

APAC

AsiaPay

Leading Digital Payment Solution Provider in APAC 2023

APAC

Azentio Software

Innovation Leadership in ERP Technology for Industry Transformation APAC 2023

APAC

Ms. Blessy Townes (Discovery Hospitality)

Hospitality Digital Marketing Leader of the Year APAC 2023

APAC

Hantec Financial

Best Forex Broker APAC 2023

APAC

MINOR INTERNATIONAL PCL

Leading Lifestyle Company APAC 2023

APAC

MINOR INTERNATIONAL PCL

Best Restaurant Company APAC 2023

Argentina

NEIX

Leading Financial Services Company in Argentina 2023

Armenia

EasyPay LLC

Best Online Payment Platform Armenia 2023

Armenia

EasyPay LLC

Leading Electronic Wallet (EasyWallet) Armenia 2023

Armenia

EasyPay LLC

Most Innovative Payment Solutions Provider Armenia 2023

Asia

A&S Investment Holding

Best Investment Company ASIA 2023

Asia

Amega Global Ltd

Rising Star in Forex Broker Sector Asia 2023

Asia

FBS

Best Client Support Southeast Asia 2023

Asia

Mr. Rahul Hora (CEO – Manulife Philippines)

Insurance CEO of the Year Asia 2023

Asia

Silverdale Capital Pte Ltd

Best Bond Fund Manager in Asia 2023

Asia Pacific

Asian Venture Lab

Best Decarbonization Solutions Provider Asia-Pacific 2023

Asia Pacific

Kacific

Leading Next-Generation Broadband Satellite Operator Asia Pacific 2023

Asia Pacific

Lirunex

Best Forex Trading Platform Asia Pacific 2023

Asia Pacific

Lirunex

Most Reliable Forex Broker Asia Pacific 2023

Asia Pacific

Plan B Media Public Company Limited

Most Innovative Out-of-Home Media Providers in Asia 2023

Asia

Swapifly Limited

Most Innovative AI based Ecommerce Platform Asia 2023

Asia

Venue 36 Group of Companies

Business Resilience Pioneer Asia 2023 (Mr. Aung Myat Khaing)

Asia

Xero Limited

Best Cloud-Based Accounting Software Provider Asia 2023

APAC

OneRoyal

Best Partner Program APAC 2023

Australia

BCR Co Pty Ltd

Best for Customer Support CFD Broker Australia 2023

Australia

IC Markets

Leading Online Trading Firm Australia 2023

Australia

IC Markets

Most Reliable Trading Solutions Provider Australia 2023

Australia

IC Markets

Best Trading Experience Provider Australia 2023

Bahrain

Export Bahrain

Exporter Solutions Provider For SME and Micro Businesses Bahrain 2023

Bangladesh

Bashundhara Group

Most Innovative Property Development Firm Bangladesh 2023

Bangladesh

Commercial Bank of Ceylon, Bangladesh

Most Recommended Foreign Bank in Bangladesh 2023

Bangladesh

IDCOL

Best Private Sector Energy and Infrastructure Financing Company in Bangladesh 2023

Bangladesh

IDCOL

Most Sustainable Bank in Bangladesh 2023

Bangladesh

LankaBangla Finance Ltd.

Leading Provider of Integrated Financial Services Bangladesh 2023

Bangladesh

LankaBangla Finance Ltd.

Excellence in Leadership Bangladesh 2023 (Mr. A. B. M. Ahasan Ullah)

Country

Name of the company

Category

Bangladesh

Meghna Bank Limited

Most Preferred Corporate Bank in Bangladesh 2023

Bangladesh

Meghna Bank Limited

Best Domestic Initiative of the Year Bangladesh 2023

Brazil

Banco do Brasil

Best Private Bank for Wealthy Women Brazil 2023

Brazil

Banco do Brasil

Best Private Bank for Succession Planning Brazil 2023

Brazil

Banco do Brasil

Most Sustainable Private Bank in Brazil 2023

Brazil

Banco do Brasil

Best Private Bank in Brazil 2023

Botswana

First Capital Bank Botswana

Best CSR Initiative Firm Botswana 2023

Cambodia

MVA ( Cambodia ) Ltd.

Best Clean Energy Project Developer Cambodia 2023

Cambodia

Prince Holding Group

Best Community Program in Cambodia 2023

Cambodia

Prince Holding Group

Best Overall CSR Excellence in Cambodia 2023

Cambodia

Neak Oknha Chen Zhi

Entrepreneur Of The Year in Cambodia 2023

Cambodia

VP.Start Technology Co., Ltd.

Best Electrical Grid Automation Solutions Provider Cambodia 2023

Cameroon

Access Bank plc

Best CSR Bank Cameroon 2023

Canada

Vanex Currency Exchange

Best FX Services Canada 2023

CEE

BAC Securities

Leading Boutique Investment Bank CEE 2023

CEE

BAC Securities

Most Reliable Private Equity Funds Provider CEE 2023

China

Arctech Solar Holding Co., Ltd

Most Innovative Solar Energy Tech Company China 2023

China

China Asset Management Co., Ltd.

Best Asset Management Company China 2023

China

China Asset Management Co., Ltd.

Best ESG Asset Management Company China 2023

China

China Asset Management Co., Ltd.

Best ETF Manager China 2023

China

FinFo Global

Leading Platform for Financial Professionals China 2023

China

GeeTest

Best Bot Management Company China 2023

China

Lianhe Ratings Global

Best Chinese Offshore Ratings Agency 2023

China

Lianhe Ratings Global

Best International Credit Ratings Agency – China 2023

China

Linklogis Inc.

Leading Supply Chain Finance Technology Solutions Provider China 2023

China

MyyShop

Fastest Growing Global Social Commerce Platform China 2023

China

TECNO MOBILE LIMITED

Most Innovative Smart Devices Manufacturers China 2023

Cyprus

GNORA Communication Consultants

Best Public Relations and Communications Services Provider Cyprus 2023

Denmark

CardLab

Most Innovative Card Security Solution Provider Denmark 2023

Denmark

CardLab

Best Card Security Solutions Provider Denmark 2023

Denmark

CardLab

Leading Card Security Technology Provider Denmark 2023

Denmark

CardLab

Best Cybersecurity Solution Provider Denmark 2023

Dubai

Markets.com

Most Innovative Trading Experience Provider Dubai 2023

Egypt