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Economic Cities and Special Zones Authority Makes Milestone Transport and Logistics Announcements at the Global Logistics Forum

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New Eligibility Criteria Certificates for Tharawat Alqata Industries Company and Automotive Solution Company for Logistic Services (MASARAT Mobility Park) to operate in KAEC Special Economic Zone demonstrate growth in the automotive and logistics clusters.Major agreement sealed with Saudi Post (SPL) that will enhance logistics services within Special Economic Zones and create benefits for businesses investing.

RIYADH, Saudi Arabia, Oct. 14, 2024 /CNW/ — The Economic Cities and Special Zones Authority (ECZA) today revealed three significant announcements to coincide with the inaugural Global Logistics Forum (GLF).

Reshaping the global map of logistics, GLF marked a key moment for ECZA to award two new Eligibility Criteria Certificates, along with the confirmation of a partnership with Saudi Post (SPL) that will enhance logistics services for investors across Saudi Arabia’s Special Economic Zones (SEZs).

The Eligibility Criteria Certificates, which have been issued to Tharawat Alqata Industries Company and to Automotive Solution Company for Logistic Services (MASARAT Mobility Park) will see both companies set up facilities in King Abdullah Economic City Special Economic Zone (KAEC SEZ).

These certificates, and the investment they will enable, demonstrate the continued growth of the automotive cluster in KAEC SEZ. Investors in the cluster, a priority growth sector for ECZA and Saudi Arabia, include leading automotive brands such as Lucid, Ceer, Hyundai and Pirelli. It is expected that these keystone automotive businesses will contribute at least US$8 billion annually to Saudi Arabia’s GDP by 2034, creating thousands of jobs in the process.

ECZA’s new partnership with SPL is the first of multiple strategic partnerships ECZA has sealed with other public sector entities in Saudi Arabia. The partnership with SPL will lead to the development of a new addressing system that will ease the conduct of business for investors within SEZs. Additionally, the partnership will lead to the creation of bespoke incentives for businesses in SEZs.

Commenting on these major announcements, ECZA Secretary General, Nabil Khojah, said: “Since the launch of the four new Special Economic Zones in 2023, ECZA has been working tirelessly to secure new investment into the zones and to more closely integrate with our government partners.

“The announcements ECZA has made here at the Global Logistics Forum are demonstrations of the business and cluster transformation ECZA is accelerating. These two new Eligibility Criteria Certificates will bring investment into KAEC SEZ’s automotive cluster, a priority sector for ECZA and the Kingdom.

“The partnership between Saudi Post and ECZA will enhance logistics operations within SEZs, streamlining services and enhancing the already attractive proposition for investors looking to do business in Saudi Arabia’s SEZs.”

Saudi Arabia’s SEZs, which were launched in 2023, are strategically located, with KAEC SEZ and Jazan SEZ along the Red Sea, and Ras Al-Khair SEZ on the Arabian Gulf, acting as a unique gateway between three continents. This allows companies to set up operational bases across different SEZs in the Kingdom, facilitating resilient supply chains and access to new markets.

ECZA continues to work to grow foreign investment into the SEZs, contributing to the creation of A Thriving Economy, a key pillar of Saudi Vision 2030.

View original content:https://www.prnewswire.com/news-releases/economic-cities-and-special-zones-authority-makes-milestone-transport-and-logistics-announcements-at-the-global-logistics-forum-302275585.html

SOURCE Economic Cities and Special Zones Authority (ECZA)

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Introducing TuniTuni to Malaysia: Korea’s No. 1 Storytelling Play Gym Now Open in Kuala Lumpur

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KUALA LUMPUR, Malaysia, Oct. 15, 2024 /PRNewswire/ — With the arrival of TuniTuni, Korea’s No. 1 storytelling play gym, a world of adventure and learning awaits young children in Malaysia. Launching its first center in Malaysia on October 13th, TuniTuni brings a fresh approach to early childhood education for children ages 1 to 5, combining movement, imagination, and real-life scenarios to foster physical development, emotional intelligence, and a lifelong love for activity.

With a rich history since 2003, TuniTuni has become a key part of early childhood education in Korea. In fact, one in six Korean children has experienced its unique blend of learning and play. What sets TuniTuni apart, is its ever-changing weekly program, which ensures children stay engaged and excited with new topics and activities each week.

At TuniTuni Malaysia, children develop gross and fine motor skills through carefully crafted play materials and guided activities. Each session is designed to encourage kids to try new movements, explore creative topics, and learn through hands-on play. Storytelling is at the heart of every activity, helping children retain knowledge while keeping their curiosity alive.

TuniTuni’s mission is simple: to build confidence in physical activity and explore movement as a natural part of children’s lives. Through step-by-step exercises designed for success, TuniTuni helps children cultivate a positive attitude toward physical activity from an early age. At the same time, TuniTuni creates meaningful connections between parents and children, fostering shared experiences that strengthen family bonds. The joyful memories made during these early years will last a lifetime.

Parents eager to discover more about TuniTuni Malaysia can take advantage of the special Opening Promotion, which includes a Free Trial Class, a Registration Fee Waiver, and exclusive gifts like a TuniFriends Doll or Ball and a TuniTuni T-shirt (while stocks last). To sign up, contact +6012-227 1670 or message TuniTuni Malaysia on Instagram and Facebook.

The TuniTuni center is located at United Point Mall, Unit 1-08 & 1-09, First Floor, No. 10, Jalan Lang Emas, 51200 Kuala Lumpur. Parents are welcome to visit anytime. For more details, visit the TuniTuni global website at tunituniglobal.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/introducing-tunituni-to-malaysia-koreas-no-1-storytelling-play-gym-now-open-in-kuala-lumpur-302275782.html

SOURCE TuniTuni Malaysia

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UnionPay International Signs MOU with Vietnam’s NAPAS

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China-Vietnam QR code interoperability speeds up

HANOI, Vietnam, Oct. 15, 2024 /PRNewswire/ — On October 13, UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) signed a Memorandum of Understanding (MOU) in Hanoi. Both parties agree to deepen the collaboration on cross-border QR code interoperability and enable QR payments by UnionPay and Vietnamese local bank applications/e-wallets on each other’s networks, so as to enhance the experience of users from both countries. Mr. Dong Junfeng, Chairman of UnionPay International, and Mr. Nguyen Quang Hung, BOD Chairman of NAPAS, attended the signing ceremony.

Mr. Dong Junfeng said that UnionPay, as China’s important financial infrastructure and a leading global card scheme, while improving its own acceptance network, has been actively driving interoperability with payment networks in international markets to build an open and inclusive ecosystem. This partnership model has been widely implemented in ASEAN countries. The collaboration in Vietnam, as the latest achievement, will provide convenient payment services for the Chinese and Vietnamese as they travel across borders, help both countries promote the high-quality cooperation of the Belt and Road Initiative, and contribute to China’s high-standard opening up.

On August 19, 2024, the central banks of China and Vietnam signed an MOU to further promote collaborative efforts in areas including cross-border payment interoperability. In line with this framework, UPI has been deepening collaboration with NAPAS and will open up the UnionPay network to Vietnamese wallets on a large scale. In the future, Vietnam’s local banking app and e-wallet users will be able to scan UnionPay QR for payment in China’s mainland.

The collaboration is significant in that it enhances UnionPay’s service capability to support both inbound and outbound payments, making payments easier for Vietnamese visitors to China. In addition, it helps drive the transformation of the payment industry in Vietnam by supporting local banking apps and e-wallets to expand their use only in domestic but also in the partner country. Moreover, it sets an example of payment network collaboration for the neighboring countries and brings network linkages between China and ASEAN countries to a new level.

Network interoperability is UnionPay’s innovative collaboration model for QR networks, which allows UnionPay and its international partners to quickly enable mutual acceptance on a large scale through simple integration. The model has been widely recognized by international industry stakeholders since its launch. Up to now, UnionPay’s partnerships with QR code networks in South Korea, Sri Lanka, Cambodia, Malaysia and Laos have increased the number of UnionPay QR merchants to 8 million outside China’s mainland, proving to be increasingly effective as it scales up.

UnionPay’s acceptance network has been extended to 183 countries and regions. Outside China’s mainland, over 69 million online and physical merchants support UnionPay cards, and nearly 250 million UnionPay cards have been issued in 83 countries and regions. In Southeast Asia in particular, UnionPay has been enabled for over 90% ATMs and POS terminals, and UnionPay mobile payment is available in all ten ASEAN countries. A total of nearly 50 million cards have been issued in the region and 30+ UnionPay-powered wallets launched. In Vietnam, more than 90% of merchant POS terminals take UnionPay cards, over 60,000 merchants support QR payments, and multiple local organizations have issued UnionPay cards on a large scale and launched UnionPay-powered wallets.

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-international-signs-mou-with-vietnams-napas-302275800.html

SOURCE UnionPay International

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The Enterprise Asia Linchpin of Asia Awards 2024 commemorates Taiwan Alpha Electronic Co., Ltd.

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SINGAPORE, Oct. 15, 2024 /PRNewswire/ — The prestigious Enterprise Asia Linchpin of Asia Awards 2024 showcased the pinnacle of excellence among Asia’s most distinguished industry leaders and enterprises, with a grand celebration at the Bangkok Marriott Hotel The Surawongse, Thailand. Organized by regional NGO Enterprise Asia, the Linchpin of Asia Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia.

Taiwan Alpha Electronic Co., Ltd. (Taiwan Alpha) embarked on its journey in 1970 as the pioneering potentiometer manufacturer in Taiwan that specializes in designing and manufacturing potentiometers, switches, and encoders, which are widely utilized in professional audio, lighting, and home appliances. Over the years, Taiwan Alpha has solidified its position as a key player in this field, establishing a robust presence in the market.

Despite its market position in industry, Taiwan Alpha remains committed to challenging itself, embracing competition, and pursuing growth. Through strategic planning and consistent investments in research and development, the company has successfully integrated flexible membrane sensors—including force, stretch, bend and position sensing—into its core business, while also tapping into emerging markets such as wearable devices and rehabilitation.

In recent years, Taiwan Alpha has experienced significant growth and development. Despite maintaining a consistent number of offices, the company strategically expanded its manufacturing capabilities to meet the growing demand for membrane sensors. Through initiatives like automation, which streamlines operations, boosts production capacity, and cuts lead times, demonstrating the company’s commitment to operational excellence. This has resulted in a more efficient workforce, increased competitiveness, and enhanced overall customer satisfaction.

Financially, Taiwan Alpha has consistently been profitable even during the COVID-19 pandemic. This enduring profitability is attributed not only to operational excellence initiatives but also to comprehensive asset management practices, including a thorough inventory assessment and the effective utilization of existing assets. These ensure the company’s resource optimization and provide a healthy financial structure for sustainable growth.

To expand its international presence, Taiwan Alpha has implemented various strategies. These include participation in overseas exhibitions and the formation of active partnerships with distributors, aiming to diversify its customer base and establish a stronger foothold in new markets. Moreover, by analyzing customer inquiries and product interest levels during exhibitions, Taiwan Alpha refines its investment focus on areas with the most potential, further enhancing its market penetration strategy.

As a company spanning over 50 years, Taiwan Alpha recognizes the importance of a succession plan for sustained success. The company prioritizes nurturing internal talent and grooming future leaders through investments in professional development and advancement opportunities. This strategic approach aims to build up a robust leadership pipeline, positioning Taiwan Alpha for enduring success.

This recipient of the prestigious Linchpin of Asia Award has established its position as a leading force in the manufacturing industry. This recognition underscores the company’s significant influence on the Asian business landscape.

PR Newswire is the Official News Release Distribution Partner of the Enterprise Asia Linchpin of Asia Awards 2024.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Enterprise Asia Linchpin of Asia Awards

The prestigious Enterprise Asia Linchpin of Asia Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia. The award honors the best business leaders and enterprises in Asia who have triumphed in the ever-changing waters of business, forging success at the peak of their respective industries. For further information, please visit www.apea.asia/linchpinofasiaawards.

View original content:https://www.prnewswire.com/apac/news-releases/the-enterprise-asia-linchpin-of-asia-awards-2024-commemorates-taiwan-alpha-electronic-co-ltd-302275801.html

SOURCE Enterprise Asia

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