Media OutReach
Cold Chain Refrigeration Expands to Include CO2-Based Refrigeration Systems
As part of this initiative, Cold Chain Refrigeration is incorporating CO2 (R-744) technology, known for its low Global Warming Potential (GWP) of 1, making it significantly more environmentally friendly than traditional refrigerants like HFCs and HCFCs. CO2 refrigeration systems offer high energy efficiency, operating at higher pressures with superior heat transfer capabilities. These systems also recover waste heat, repurposing it for heating water or spaces, further reducing energy consumption.
One of the key advantages of CO2 refrigeration systems is their safety and non-toxicity. Unlike some traditional refrigerants, CO2 poses no health risks, making it a reliable choice for industries like food and beverage, supermarkets and food processing industries. Additionally, CO2 is non-flammable under normal conditions, eliminating fire hazards associated with other refrigerants and ensuring the safety of both workers and consumers.
These systems are also known for their operational versatility. The operational flexibility of CO2 systems is well-known for enabling customised cooling solutions to meet the unique needs of the industries. CO2 refrigeration systems are increasingly being adopted in various industries, including ice skating rinks, where the technology is used in Transcritical direct cooling ice-making systems. These systems allow for the comprehensive utilisation of both cold and heat, significantly improving energy efficiency. The cooling heat of these systems is gaseous sensible heat, which can be repurposed for multiple uses, such as heating domestic hot water, ground floor heating, and dehumidification regeneration. These systems offer a high thermal energy utilisation rate and a comprehensive COP (Coefficient of Performance) ranging from 6.5 to 7.0, showcasing their superior energy-saving potential.
For custom cold room applications, CO2 refrigeration systems are able to achieve precise temperature control and lower energy bills. Their eco-friendly design aligns with corporate sustainability goals, helping businesses reduce their environmental impact while benefiting from long-term cost savings.
Cold Chain Refrigeration’s expansion into CO2-based systems demonstrates its commitment to delivering sustainable and energy-efficient solutions. With ongoing projects, including a large commercial cold room installation for a major food distribution company, the company is set to redefine the standards in cold storage technology.
For more information, please visit https://www.coldchainref.com.sg/.
Hashtag: #ColdChainRefrigeration
The issuer is solely responsible for the content of this announcement.
Media OutReach
JustMarkets Launched a Lunar Contest with Fantastic Prizes
Participants have the chance to win generous awards by joining the campaign, subscribing to JustMarkets social media channels, and demonstrating their expertise. From top prizes to pleasant bonuses, the promotion offers opportunities for everyone to make this Lunar New Year truly memorable and rewarding.
Joining the campaign is simple, all you need is to:
- Follow at least one of the official social media pages on Instagram or Facebook.
- Use JustMarkets trading chart to predict the price of gold at a specific date — on 7 February Fortune Day — and add the comment with prediction.
- Share promo posts in your story.
Prizes include 200 USD promo code for the 1st place, 150 USD for the 2nd one, and 100 USD promo code for the winner of the 3d place. The awards will be sent directly to winners’ JustMarkets accounts, guaranteeing a smooth access to rewards. Full details, including participation rules and prize specifics, are available on JustMarkets official website and social media channels.
Celebrate the Lunar New Year with JustMarkets and take your trading journey to the next level! Join JustMarkets promotion today, show your trading proficiency, and win amazing prizes for your efforts!
Hashtag: #JustMarkets #LunarNewYear #Gold
The issuer is solely responsible for the content of this announcement.
About JustMarkets
JustMarkets is a globally recognized multi-asset broker providing reliable and transparent trading services since 2012. The company has earned over 50 industry awards, highlighting its excellence in the financial sector. JustMarkets offers a diverse array of trading instruments, including forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, serving clients in over 160 countries.
Media OutReach
KPMG: Slower than expected interest rate cuts to support bank margins in 2025
Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growth
HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s banking sector showed signs of recovery in 2024 after a prolonged period of challenges. This positive trend is expected to continue in 2025, with the pace of US rate cuts expected to be slower than many forecasts.
KPMG’s latest report, the Hong Kong Banking Outlook 2025, predicts substantial opportunities for banks that are willing to adapt and innovate, with technologies like Generative AI and virtual assets set to transform operating models. The report provides insights and predictions from KPMG experts regarding the outlook for Hong Kong and highlights key themes for banks to focus on this year, including embracing emerging technologies, staying abreast of ESG trends and keeping pace with regulatory developments.
Paul McSheaffrey, Senior Banking Partner, Hong Kong, KPMG China, says: “2024 marked an improvement for Hong Kong’s banking sector, with signs of recovery emerging after a prolonged period of challenges. Driven by policy shifts in the Chinese Mainland, these developments have laid the groundwork for cautious optimism entering 2025. Some green shoots of recovery have been seen, including an uptick in funds raised on the Hong Kong Stock Exchange and positive policy measures in the Chinese Mainland aimed at stimulating consumer demand. Thus, we are more optimistic about the prospects of the Hong Kong banking sector during the year.”
For retail and commercial banks, KPMG believes that the pace of interest rate reductions will be slower than many forecasts suggest, which will help banks preserve their margins. For investment banks, the positive policy measures in China are expected to enhance consumer sentiment, thereby fostering capital raising and M&A activity in China, ultimately benefiting Hong Kong.
Jianing Song, Head of Banking and Capital Markets, Hong Kong, KPMG China, says: “As we enter 2025, the environment faced by banks is becoming increasingly complex. However, we believe that this year will bring substantial opportunities for banks willing to adapt and innovate. Emerging technologies, such as Generative AI and virtual assets, have the potential to transform operating models. Through cost optimization, data governance, and digital transformation, banks can navigate their current challenges and build a foundation for long-term growth.”
Resilience remains a key regulatory focus
Resilience against cyber fraud and financial crime will remain a top priority in 2025 as losses experienced by banks and customers continue to make headlines. Meeting regulatory expectations will be crucial, with a strong focus on implementing existing regulations and new resilience requirements. AI adoption will be become a sector-wide topic in financial crime over the next two years, as authorised institutions and regulators gear up to tackle risks and meet regulatory expectations.
KPMG also expects Hong Kong regulators to launch initiatives to further encourage the use of distributed ledger technology (DLT) in the banking industry. This is driven by the need to build resilience against the operational risks associated with traditional settlement and payment infrastructure. It also addresses the need for banks to adapt their business models in the face of competition from new Fintech market entrants and ‘digital natives’.
Strategic cost optimisation
Geopolitical uncertainty, rising operational expenses and increasing regulatory requirements mean that manging costs will remain a focus in the banking sector. Instead of implementing broad cost-cutting measures, KPMG expects banks to adopt a more strategic approach centered on cost optimization. This involves identifying the root causes of inefficiency and implementing targeted corrective interventions. Automation can be an effective tool in this process, addressing latent inefficiency in core processes across front, middle, and back office. This can lead to increased productivity, reduced cost to serve, an enhanced customer experience and ultimately, a stronger top line.
Digital transformation trends
The pace of digital transformation in Hong Kong’s banking sector is expected to accelerate in 2025. More than one-third of financial institutions are already integrating Generative AI, supported by government initiatives such as the HKMA’s Generative AI Sandbox. Virtual assets have also been ranking high on the digital transformation agenda for banks, with initiatives like HKEX’s Virtual Asset Index Series and HKMA’s Project Ensemble Sandbox accelerating Hong Kong’s tokenisation market development. KPMG expects policy support to continue in this area throughout 2025.
In 2025, Hong Kong banks should prioritise digitising their operations by leveraging resources such as Fintech Connect; expanding their digital-savvy workforce through talent acquisition and upskilling; and future-proofing their digital asset and Generative AI readiness by establishing a robust data governance framework.
Hashtag: #KPMG:
The issuer is solely responsible for the content of this announcement.
About KPMG China
KPMG China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.
KPMG firms operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
In 1992, KPMG became the first international accounting network to be granted a joint venture license in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012.
Celebrating 80 years in Hong Kong
In 2025, KPMG marks “80 Years of Trust” in Hong Kong. Established in 1945, we were the first international accounting firm to set up operations in the city. Over the past eight decades, we’ve woven ourselves into the fabric of Hong Kong, working closely with the government, regulators, and the business community to help establish Hong Kong as one of the world’s leading business and financial centres. This close collaboration has enabled us to build lasting trust with our clients and the local community – a core value celebrated in our anniversary theme: “80 Years of Trust”.
Media OutReach
A New Year, A New Beginning LANDMARK Welcomes the Year of the Snake with Nicolai Bergmann’s Flourishing Blooms
Internationally acclaimed flower artist Nicolai Bergmann, known for his distinctive blend of Scandinavian and Japanese aesthetics, makes his Hong Kong debut with Flourishing Blooms at LANDMARK. Born in 1976 in Copenhagen, he has established a unique style that captivates audiences worldwide. For this special Lunar New Year installation, Bergmann reimagines his signature Flower Box, trading its classic black for a vibrant, auspicious red. This innovative gift, which has become a beloved classic, showcases his ability to elevate floral design into an art form. The festive red cascades of blossoms create a captivating spectacle at the heart of the atrium, reflecting his ongoing collaboration with leading luxury brands and his role as a prominent representative of Japan in the world of floral artistry.
“My passion lies in discovering new ways to evoke wonder and joy through floral art, pushing the boundaries of its possibilities. The Flower Box is a perfect example of this vision,” says Bergmann. “I wanted to reimagine how flowers can be gifted and displayed, and incorporating the Flower Box into this Lunar New Year installation felt like the ideal way to celebrate this festival. Each box, reimagined in vibrant red for the New Year, is filled with an exquisite blend of flowers, creating a rich tapestry of textures and colours that symbolize abundance and prosperity.”
Flourishing Blooms at LANDMARK invites guests to explore this enchanting floral landscape. Admire the intricate details of the towering Flower Boxes and discover charming details that celebrate the rich symbolism of Lunar New Year. Featuring over 50 types of flowers, the installation is a vibrant tapestry of colour and texture, with cascading blossoms creating a sense of wonder and enchantment.
Guests can also share the joy of the season and take home a piece of artistry by purchasing limited-edition Lunar New Year gifts from Nicolai Bergmann Flowers & Design, available only at LANDMARK from 23 to 26 January. Marking the brand’s first-ever pop-up store in Hong Kong, and the first time these exclusive products have been available for sale here, this is a unique opportunity to acquire a piece of floral artistry. This special edition features a vibrant red box and a unique floral design for this collaboration. In addition to the Flower Box, a selection of auspicious flower arrangements, all designed, produced and sold by Nicolai Bergmann Flowers & Design, will make the perfect Lunar New Year gift, capturing the beauty and artistry of the installation.
“It’s a precious opportunity to share my work with the people of Hong Kong for the first time,” says Bergmann. “I’m delighted to present this installation in Hong Kong and share its message of hope and prosperity with this vibrant city.”
LANDMARK strives to create world-class experiences that captivate and delight visitors. This Lunar New Year, the artistic vision of Nicolai Bergmann transforms LANDMARK ATRIUM into an unforgettable celebration of art, nature, and the spirit of the New Year. Discover the magic of Flourishing Blooms at LANDMARK.
Appendix
LANDMARK x Nicolai Bergmann Flowers & Design collaborated Lunar New Year Flower Box
Pop-up Floral Cart Operation Time:
23 January: 1pm to 6pm
24 to 26 January: 11am to 6pm
Location: Ground Floor, LANDMARK ATRIUM (next to the installation)
Merchandise Details |
Joyful Red Flower Box (Small) HK$880 Joyful Red Flower Box (Medium) |
Abundance in Bloom – Flower Arrangement (Small) HK$1,700 Abundance in Bloom – Flower Arrangement (Large) |
Exclusive Privileges for Visiting Tourists
This Lunar New Year and Valentine’s Day, LANDMARK invites visiting tourists to create unforgettable memories with loved ones. Enjoy exclusive privileges and curated experiences, with rewards totaling over HK$18,000. From 23 January to 16 February 2025, redeem your rewards as you shop, dine, and celebrate at LANDMARK.
Spending Requirement (HK$) | Exclusive Privileges |
No spending required |
|
Upon spending HK$40,000 or more (up to 3 invoices) |
This reward is valid until 31 August 2025. |
Upon spending HK$100,000 or more (up to 3 invoices) |
Receive an HK$5,000 Shopping Reward with a minimum spend of HK$20,000 for your next purchase.
This reward is valid until 31 August 2025. |
Upon cumulative spending RMB¥40,000 or more with Alipay CN (within 7 days) |
Receive up to RMB¥8,000 additional Shopping Reward.
Promotional period: from 23 January to 22 March 2025. |
Terms and conditions apply. For more details, please visit the campaign site:
https://www.landmark.hk/en/whats-on/happenings/cny2025-tourist-promotion/
Hashtag: #LANDMARK
The issuer is solely responsible for the content of this announcement.
About LANDMARK
LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.
About Hongkong Land
Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 850,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.
About Nicolai Bergmann
Born in 1976 in Copenhagen, Nicolai Bergmann is one of the most recognizable flower artists who has established a unique style that blends Scandinavian and Japanese design concepts. With flower design at the core of his practice, Nicolai Bergmann continues to expand his work, especially in the fashion and design fields, collaborating with many leading luxury brands. He is also one of the most well known flower artist to represent Japan.
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