KUALA LUMPUR, Apr 2, 2025 - (ACN Newswire via SeaPRwire.com) - EdgePoint Towers Sdn Bhd, a part of EdgePoint Infrastructure, a leading ASEAN-based independent telecommunications infrastructure company, is pleased to announce the appointment of Ravin Vickneswaran as Chief Operating Officer of EdgePoint Towers. Ravin has been with EdgePoint since 2021 and has extensive experience spanning over 25 years in the local and international telecommunications industry.EdgePoint Towers Appoints Ravin Vickneswaran as Chief Operating OfficerAs Chief Operating Officer, Ravin will work closely with teams across the organization to drive the company's vision across various departments, including Engineering & Implementation, Property & Permitting and Operations & Maintenance. He will also lead teams towards enhancing service offerings, boosting customer satisfaction, ensuring the successful implementation of ESG practices, strengthening partnerships and driving the adoption of new technologies. In addition, Ravin will retain his previous portfolio in EdgePoint, continuing to lead the Innovations team.Speaking on his new role, Ravin shared, "I am thankful to step into this new role at such a transformative time for the industry. As Malaysia accelerates its 5G rollout, Edgepoint Towers remains committed to delivering future-ready infrastructure that enables seamless connectivity. Collaboration with our customers is at the heart of our strategy, ensuring we provide innovative and reliable solutions that support their evolving needs. Continuing to work alongside my talented colleagues, we aim to foster strong partnerships, drive operational excellence, and play a key role in advancing the nation’s digital transformation."Muniff Kamaruddin, Chief Executive Officer of EdgePoint Towers said, “We are pleased to see Ravin advance in his career at EdgePoint. As we rapidly scale in Malaysia, it is crucial that we expand our management bench strength, and Ravin’s expertise will be key in this effort. His proven leadership, operational expertise, and strong execution capabilities will be instrumental in ensuring the Company’s continued success. Ravin’s deep understanding of the industry and customer needs has enabled him to build high-performing teams who have delivered innovative solutions across various industries in Malaysia, even winning two international awards in the past three years. With his track record, we are confident that Ravin will drive our business forward and strengthen our position as a partner of choice for digital infrastructure solutions in Malaysia.”Ravin has served as Vice President of In-Building Coverage and Innovation at EdgePoint since 2021 and has been instrumental in growing the company’s IBC and small cells portfolio. Prior to joining EdgePoint, he has held key senior positions in telecommunications companies in Malaysia and Myanmar namely, Head of 5G Enterprise Business in Celcom Axiata Berhad, Director of APAC Operations at Flexenclosure AB, and Manager at Maxis Communications Berhad.To date, EdgePoint Towers is the second largest independent telecommunications infrastructure company in Malaysia with 1,800 sites in its portfolio. ****ABOUT EDGEPOINT INFRASTRUCTUREEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoint Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.For more information on EdgePoint, please visit https://edgepointinfra.com/. Copyright 2025 ACN Newswire via SeaPRwire.com.
Yunkang’s Revenue Proportion from Joint Construction Business for Medical Institution Alliances and Special Testing Items Continue to Grow in 2024
HONG KONG, Mar 31, 2025 - (ACN Newswire via SeaPRwire.com) - Yunkang Group Limited ("Yunkang" or the "Group"; Stock Code: 2325), a leading medical operation services provider in China, has announced its annual results for the year ended December 31, 2024 (the "Reporting Period"). During the year, the Group adhered to its overall business philosophy of “in-depth services and lean operations”, promoted development with innovation, deepened integrated collaboration among “government, industry, academy, research, medicine, application”, accelerated digital application of “AI + medical care”, continuously strengthened refined management, and reduced cost and improved efficiency, demonstrating strong operational resilience.In 2024, due to changes in the macro-environment, intensified competition in the industry as well as its strategic decision to optimize customer structure and product mix, the Group’s performance was temporarily affected. However, relying on its customer-oriented, innovative and coordinated development system, the Group achieved many breakthroughs in product innovation, model innovation, AI + medical digital intelligence and other aspects. The joint construction business with medical institution alliances remained its largest business segment, which accounted for 53.0% of the total revenue, representing an increase of 4.7 percentage points as compared to the same period of the previous year. In addition, featured products in the infection segment achieved rapid growth, laying a solid foundation for the segment’s long-term development. During the Reporting Period, the Group’s total revenue reached RMB711.9 million.Diagnostic testing for medical institution alliances was developing healthily In-depth service empowers customersYunkang is committed to developing an innovative service mode for joint construction of medical institution alliances with “professionalism as the foundation, standardization as the core, digital intelligence as the means, synergization as the goal”. At present, the Group is providing medical technical service solutions to over 1,500 medical institutions in collaboration with medical institution alliances at over 430 on-site diagnostic centers of the alliances to meet their core demands. Through close collaboration – mutual recognition of testing results – with leading regional medical institutions, the Group has helped improve overall regional medical and treatment levels, helping hospitals build specialty departments, improving the efficiency of hierarchical diagnosis and treatment, promoting scientific research and cooperation, etc., thereby providing the public with higher-quality and more efficient diagnosis and treatment services. Dedicated to vigorously driving medical reform in China, during the Reporting Period, Yunkang teamed up with leading provincial-level hospitals, and regional county-level general hospitals to jointly build medical institution alliances to actively promote the construction of medical institution alliances as the bridge that connects the regional testing centers and partner hospitals. Customers are provided with “3+N” tumor, infection, reproductive genetics and +N technical system support, and also support from the in-depth service system, including the operation of diagnostic centers under regional medical institution alliances, access to new technologies or new products, construction services for digital specialty departments, medical cold chain logistics services, quality control services and supply chain services, all in-depth services for empowering demand and the long-term development of hospitals.Focus on “clinical demands” Joint innovation for diagnostic testing achieved remarkable resultsAdhering to the “clinical demands”-oriented service concept, the Group has built a series of high-tech platforms, including high-throughput sequencing, gene chip, high-sensitivity PCR, protein spectrometry, cytogenetics, digital remote pathology, and ultra-micro pathology. During the Reporting Period, the Group introduced nearly 800 new testing items and provided about 3,800 clinical testing items, and more than 10 million specimens were tested for the year. In terms of precision diagnosis and treatment, the Group carried out more than 500 precision diagnosis services using cutting-edge technologies such as high-throughput sequencing, and protein spectrometry, covering five medical fields including infectious diseases, reproductive genetics, solid tumors, blood diseases, and personalized medicine. During the Reporting Period, the Group focused on the construction and development of 58 new items in such fields including infection, tumor, rare genetic diseases and personalized medicine, providing medical institutions nationwide with a more comprehensive range of precision diagnosis solutions to drive the embrace and development of precision medicine. During the Reporting Period, revenue from special testing items increased significantly year-on-year, accounting for a larger percentage of the Group’s overall revenue.The Group has a first-of-its-kind “joint innovation platform for diagnostic testing”, which has played a vital role in expanding its business and boosting competitiveness of its products. Constantly exploring and putting ideas into practice, the Group and dozens of top medical institutions across the country have pursued joint innovation for diagnostic testing and successfully developed more than 10 testing products for different infection syndromes in various fields such as respiratory tract infections and central nervous system infections.Digital application of “AI + medical care” leads the industryThe Group has launched and continuously upgraded its top 10 digital “cloud” systems, covering core areas such as laboratory operations, sales management, human resources, staff training, and customer services. At the same time, it has integrated AI technology into its “cloud” systems to create a one-stop intelligent medical diagnostic solution covering from “sample collection” to “report delivery”, which was comprehensively applied across its multi-technology platforms in medical laboratories, with the core concepts of “Internet+” and “precision diagnosis” to create a series of intelligent diagnostic platforms. In the Reporting Period, the Group’s self-developed digital IT platform with full intellectual property rights – the remote pathology consultation platform – covered over 800 medical testing items, assisting nearly 300 medical institutions nationwide in enhancing their pathology diagnostic capabilities and benefiting more than 200 million patients in rural areas.Regarding the application of AI-assisted diagnosis, the Group adheres to the strategy of “introducing one item once it is mature” and closely follows industry development trends. It has introduced items such as pathological DNA polyploid AI-assisted diagnosis, cervical liquid-based cell AI-assisted diagnosis, and chromosome AI analysis, all proven effective and have greatly enhanced diagnostic efficiency. During the Reporting Period, the Group focused on the field of infectious diseases and developed its first infectious disease data product, the “Yunkang Respiratory Pathogen Detection Positivity Rate Analysis Report”. The product officially obtained data product certification and was listed on the Guangzhou Data Exchange in January 2025, marking a milestone step for the Group in the field of compliant data transactions, effectively unlocking data value. Currently, having access to the DeepSeek large model, the Group aims to achieve comprehensive innovation in medical testing and diagnostics through inclusive technology, precision service and intelligent management.Collaborative and integrated development of “government, industry, academy, research, medicine, application” to facilitate industrial upgradeDuring the Year, the Group collaborated with various institutions to facilitate industrial upgrade based on a unique innovative industrial model, including:- Collaboration with The People’s Government of Ouhai, Wenzhou City and Wenzhou Medical University’s core areas in biomedical industry to promote construction of a number of key projects including a joint innovation and transformation platform, a public service platform, a medical big data research platform, a regional diagnostic sharing center and a training base for innovative talent, to the end of facilitating quick transformation of scientific research results for industrial applications;- Collaboration with The Zhangjiang Research Institute of Fudan University to jointly establish a “Collaborative Innovation and Transformation Center” to promote innovation and transformation of results of medical diagnostic technology application;- Collaboration with The Central University of Finance and Economics, Greater Bay Area Research Institute to jointly build an industry-education fusion talent cultivation highland and an industry aggregation and incubation platform.The strategy for sustainable development drives long-term valueWhile vigorously driving business development, Yunkang has consistently viewed sustainable development as a core strategy of the Group, committed to promoting the green transformation of the healthcare industry through innovative technologies and in-depth services. The Group engaged in environmental protection efforts such as energy conservation, emission reduction, and resource recycling in its operations, while also launched various charitable initiatives, including charitable clinical diagnostic activities, health checkup services for the well-being of the community, and health seminars, to give back to society by making use of its professional advantages. Looking ahead, Yunkang will continue to make progress in ESG and step up our efforts in such areas as environmental policy and management, Scope 3 emissions, climate governance, climate performance indicators, climate scenario analysis, carbon reduction targets, and net-zero emissions commitment, all of which will help us realize economic, environmental and social benefits.Future prospectsChina has continued to promote expansion and downward penetration of the country’s high-quality medical resources, fostering a balanced regional layout and stepping up the construction of a hierarchical diagnosis and treatment system, conducive to establishing close-knit medical institution alliances. China’s Laboratory Developed Testing methods (LDT) pilots have steady and notable progress, leading to market growth for precision medicine development. In addition, in-depth integration of AI technology with the healthcare industry will become an important driving force for fine industry segments to embark on digital intelligence transformation and upgrade. Looking ahead, Yunkang will continue to align with national policies, seize the latest industry development opportunities, and continue to strengthen clinical-empowered value, and constantly explore and deepen the two new “product innovation + model innovation” model with customers in mind and to ensure residents can better benefit from its medical achievements.Yunkang Group Limited(Stock Code:2325)Yunkang Group is a leading medical operation service provider in China, which started to provide standardized medical diagnostic services to medical institutions at all levels as early as 2008. Leveraging its own professional diagnostic capabilities and the nationwide service network of integrated healthcare systems, Yunkang has gradually grown to become a medical operation service platform. Meanwhile, Yunkang is a medical operation service provider in China offering a full suite of diagnostic testing services which are diagnostic outsourcing services and diagnostic testing services for medical institution alliances. Yunkang provides diagnostic services through on-site diagnostic centers to collaborative hospitals in the integrated healthcare systems in China and assists them in improving their clinical diagnosis capabilities through co-developing diagnostic centers. As of today, Yunkang has successfully provided professional services to 430+ on-site diagnostic centers. As of December 31, 2024, the hospitals we collaborated with were located across 31 provinces and municipalities in China. Copyright 2025 ACN Newswire via SeaPRwire.com.
Connect Marketplace Hong Kong 2025 Concludes, Successfully Ushering in a New Era for MICE in the City
HONG KONG, Apr 4, 2025 - (ACN Newswire via SeaPRwire.com) - Connect Marketplace Hong Kong (CMHK) successfully concluded its inaugural APAC event in 2025, marking a significant milestone in fostering business collaboration within the MICE industry. Held from 19-21 March, 2025, the event successfully brought together over 4,000 industry professionals, along with more than 60 exhibitors from over 30 countries and regions. It focused on creating an invaluable platform for networking and business development.Margaret Ma Connolly, president and CEO of Informa Markets in Asia, highlighted the event’s role in driving transformation within the MICE industry. “The launch of Connect Marketplace Hong Kong is more than just launching a new event. It's a testament to our belief in Hong Kong as the ultimate MICE destination. Here at Connect Marketplace Hong Kong, we’re not just discussing the future of business events – we’re actively shaping it, fostering connections that transcend borders and drive economic growth across Asia and beyond,” she said.Connect Marketplace Hong Kong excelled as a premier platform for business collaboration, featuring the Hosted Buyer Programme, which brought together around 450 international decision-makers and facilitated close to 1,300 businesses organised through its innovative one-on-one meeting initiatives.Conference sessions and forums addressed key industry topics, from sustainability to cutting edge MICE solutions. A series of networking opportunities, including Horse Racing Night, Gala Dinner and a Familiarization Trip to Macau further strengthened interactions among global industry players.Janice Lee, Senior Portfolio Director of Connect Marketplace Hong Kong, expressed excitement for future growth: “This is a remarkable achievement. I have witnessed the spirit of Informa unfold over four months of hard work, culminating in around 4,000 attendees at the show. This success gives us great confidence as we look ahead to the next edition of CMHK in 2026.” Connect Marketplace Hong Kong reconvenes on 18-19 March, 2026.About Informa MarketsInforma Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.For media enquiries, please contact: cheenie.so@informa.com Copyright 2025 JCN Newswire via SeaPRwire.com.
Trump’s Tariffs and Your 401(k): Understanding the Impact and How to Respond
Since President Donald Trump's recent tariff announcement on April 2, U.S. and global stock markets have experienced significant turbulence. The introduction of a blanket 10% tariff on all imported goods, along with additional import taxes on 60 other countries, has been dubbed "Liberation Day." In the wake of the market downturn reminiscent of the 2020 COVID-19 pandemic crash, the Dow Jones Industrial Average fell by 2,000 points on Friday, the S&P 500 Index dropped by 6%, and the Nasdaq Composite experienced a similar decline of almost 6%. This increased market volatility has sparked concerns among both investors and businesses. Many individuals are also expressing worries about the impact on their 401(k) retirement savings, with several reporting a decline in their investment values. Here's a breakdown of how the economic uncertainty stemming from Trump's tariffs might affect your 401(k), along with guidance on how to navigate this situation. How is your 401(k) affected by the tariffs? A 401(k) is a retirement savings plan where employees can contribute pre-tax money deducted directly from their paychecks. Some employers also offer matching contributions up to a certain percentage of the employee's salary. The value of 401(k) accounts is closely linked to the performance of the stock market because the portfolio allows investments in market-dependent assets. Therefore, market fluctuations directly impact 401(k) balances. With a 401(k), the individual bears the investment risk. Due to the recent sharp declines in the stock market, many Americans are witnessing substantial losses in their retirement savings. Dartmouth business administration professor Teresa Fort commented on the volatility, stating, "The U.S. market has been a leading performer for the past two decades, but its continued dominance is uncertain... the global economic landscape has undergone a fundamental shift, requiring individuals to re-evaluate their optimal investment allocations." On April 3, while traveling on Air Force One, President Trump addressed growing public concerns regarding his tariff announcements' impact on 401(k) plans and whether he had personally checked his own. Trump responded, "I haven't checked my 401(k)." He reiterated his belief that despite current market conditions, his tariffs would ultimately benefit the economy, saying, "I think our markets are going to boom; we've got to give it a little chance." The President reaffirmed his optimistic economic outlook in a Truth Social post on Saturday, April 5, stating, "This is an economic revolution, and we will win. Hang tough, it won't be easy, but the end result will be historic. We will Make America Great Again." What do experts advise you should do about your 401(k)? Solomon Financial founder and CEO Brad Clark advises against panic selling, emphasizing that now is not the time to withdraw funds from savings. While acknowledging the current "scary" environment, he suggests that the appropriate response, especially for younger investors planning for retirement, is to maintain their investment strategy. Clark compares the situation to severe turbulence during a flight, stating, "When you're flying somewhere and you're in the worst turbulence you've ever been in, all you can think is, 'I've just got to get off this plane,'" says Clark. “But the plane was built to handle this. That’s kind of like your portfolio.” Clark notes that individuals nearing retirement (within two to three years) should already have de-risked portfolios with reduced market exposure. However, he suggests that those more than 10 years from retirement might see the current situation as a "great buying opportunity," explaining, "This is how the Warren Buffetts of the world make money. Greedy when everyone else is fearful, and fearful when everyone else is greedy." Clark advises individuals with a decade or more until retirement to "continue to invest like you've always invested," expressing confidence that this approach will be rewarding in the long term. In a Washington Post column, personal finance expert Michelle Singletary echoed this view, advising, "If you're in your 20s, 30s, or early 40s, don't let what's happening now scare you away from the stock market. Keep investing," . Boston University economics professor Laurence Kotlikoff recommends a more cautious strategy for investors of all ages. He advises against risky investments at this time, suggesting a return to safer investments and a gradual rebuilding of a riskier portfolio. Kotlikoff believes this conservative approach can help investors avoid future losses. “There’s no reason to believe that the market will reverse itself,” he says. “Leave only in the market what you can afford to lose and don’t spend outside of it.” He also suggests considering a strategy he and his wife implemented following Trump's Inauguration: constructing a , which is a portfolio of Treasury Inflation-Protected Securities. TIPS are U.S. government bonds that adjust to inflation, ensuring that the bond's principal increases with inflation and decreases with deflation. “It’s a combination of spending and investing behavior that is called ‘upside investing’ that leads you just to have upside risks,” Kotlikoff says. “You’re losing that downside because you’re never spending out of anything that’s risky, you’re just spending out of this TIPS ladder.” Fort supports Kotlikoff's cautious stance, pointing out that while some economists advocate for maintaining the current course, the present circumstances are not typical, and markets are likely to decline further. She has reduced her mother's market exposure as much as possible, given her reliance on her 401(k). “This is a fundamental shift in the world order,” Fort emphasizes once more. “If you are close to retirement age, you’ll want to look for the safest assets if you cannot afford another 20% to 30% decline in the market.” In summary, expert advice varies based on the individual's age and career stage. Fort, for instance, adopted different measures for her own portfolio compared to her mother's due to her longer time horizon until retirement. The overarching guidance is to avoid panic and rash financial decisions. ```
Trump Administration Rejects Plan to Include Anti-Obesity Medications in Medicare Coverage
The Trump administration has decided against including coverage for costly and highly sought-after obesity treatments under Medicare. The Centers for Medicare and Medicaid Services (CMS) announced Friday that these medications would not be covered under Medicare’s Part D prescription drug plan, which primarily serves individuals aged 65 and older. Former President Joe Biden had proposed a rule in late November, following Trump's re-election, to extend coverage to drugs like Zepbound and Wegovy. However, the rule was not expected to be finalized before Trump assumed office. Trump returned to office in January, and the Senate confirmed Dr. Mehmet Oz as the head of CMS on Thursday. CMS did not provide a reason for its decision on Friday, and federal representatives have yet to respond to requests for comments. Robert F. Kennedy Jr., Trump’s Secretary of Health and Human Services, has been a vocal critic of the injectable drugs, which have gained immense popularity due to their potential for significant weight loss. Surveys indicate that Americans generally support Medicare and Medicaid coverage of these drugs. However, many insurers, employers, and other payers are hesitant due to the widespread potential use and high monthly costs, which can reach hundreds of dollars. Biden's proposal, which would have included coverage for all state and federally funded Medicaid programs for low-income individuals, was projected to cost taxpayers up to $35 billion over the next decade. Supporters of the coverage argue that treating obesity can lead to long-term cost reductions by preventing heart attacks and other severe health issues associated with the condition. According to the benefits consultant Mercer, 44% of U.S. companies with 500 or more employees covered obesity drugs last year. Medicare currently covers drugs like Wegovy for patients with heart disease who need to lower their risk of future cardiovascular events. The program also covers versions of these drugs used to treat diabetes. Over a dozen state Medicaid programs already provide coverage for obesity drugs. —The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.
Senate Republicans Pass Framework for Trump’s Tax and Spending Plan After Overnight Session
WASHINGTON — Senate Republicans worked through the night and into early Saturday to pass a framework for trillions in tax cuts and spending reductions, overcoming Democratic opposition in pursuit of what President Donald Trump has dubbed the "big, beautiful bill," a key element of his agenda. The vote, which largely followed party lines at 51-48, saw notable dissent from two Republican senators. The timing was politically sensitive, given economic uncertainty following Trump's tariffs and warnings about rising consumer costs and a possible recession. Republican Sens. Susan Collins of Maine and Rand Paul of Kentucky both voted against the proposal. However, with Trump's support, GOP leaders prevailed. The approval now sets the stage for Republicans to push a tax cut bill through both houses of Congress in the coming months, despite Democratic objections, mirroring their success during Trump's first term when they had unified control in Washington. “Let the voting begin,” said Senate Majority Leader John Thune, R-S.D., on Friday night. Democrats aimed to make the process as politically challenging as possible, introducing around two dozen amendments that GOP senators will need to defend before the upcoming midterm elections. These included proposals to disallow tax breaks for the wealthiest, end Trump's tariffs, limit his efforts to reduce the size of the federal government, and protect programs like Medicaid and Social Security. One amendment, prompted by the Trump administration's use of Signal, sought to prevent military personnel from using commercial messaging apps to share war plans. While all failed, a GOP amendment to safeguard Medicare and Medicaid was adopted. Democrats claimed Republicans were setting the stage to cut vital social safety net programs in order to fund over $5 trillion in tax cuts that they argue primarily benefit the wealthy. “Trump’s policies are a disaster,” stated Senate Democratic leader Chuck Schumer of New York, along with Elon Musk’s Department of Government Efficiency, he added. “Republicans could snuff it out tonight, if they wanted.” Republicans defended their actions as preventing a tax increase for most American families, arguing that without congressional action, the individual and estate tax cuts enacted in 2017 would expire at the end of the year. The Senate package also incorporates other Republican priorities, such as $175 billion to support Trump's deportation efforts, which are facing funding shortages, and another $175 billion for the Pentagon to expand the military, stemming from a prior budget initiative. Wyoming Sen. John Barrasso, the second-highest ranking Republican, asserted that voters gave his party a mandate in November, and the Senate's budget plan fulfills that mandate. “It fulfills our promises to secure the border, to rebuild our economy and to restore peace through strength,” Barrasso stated. The framework now proceeds to the House, where Speaker Mike Johnson, R-La., may bring it to a vote as early as next week, aiming to finalize it by Memorial Day. The House and Senate must reconcile their differences. The House version includes $4.5 trillion in tax cuts over a decade and around $2 trillion in budget reductions, with proposed changes to Medicaid, food stamps, and other programs. Some House Republicans have criticized the Senate's approach. Republican senators used their majority to reject Democratic amendments, often through vocal votes. Among the more than two dozen amendments offered were several aimed at protecting safety net programs. Some Republicans, including Sen. Josh Hawley of Missouri, joined Democrats in voting to preserve some of these programs, particularly in the area of healthcare. Collins opposed the entire package, warning against significant Medicaid cuts. Collins stated that potential cuts to the health program in the House bill “would be very detrimental to a lot of families and disabled individuals and seniors in my state.” Paul questioned the financial calculations used by his colleagues, arguing that they would increase the debt burden. “Something’s fishy,” he said. One Republican, Sen. Bill Cassidy of Louisiana, voiced concerns about tax breaks adding to federal deficits and said he received assurances that Trump officials would seek cuts elsewhere. “This vote isn’t taking place in a vacuum,” he said, referencing the disruption caused by Trump’s tariffs. A key challenge will be for the House to accept the Senate's budget plan, which allows for extending tax cuts under a scoring method that does not consider them as adding to future deficits—an approach many House Republicans reject. A new estimate from the Joint Committee on Taxation projects the tax breaks will add $5.5 trillion over the next decade when including interest, and $4.6 trillion without interest. In addition, the senators included an extra $1.5 trillion to potentially fund some of Trump’s campaign pledges, such as eliminating taxes on tips, Social Security benefits, and overtime, bringing the total cost to $7 trillion. Republicans are also considering increasing the $10,000 deduction for state and local taxes, which lawmakers from states like New York, California, and New Jersey consider essential for their support. The House and Senate also disagree on raising the debt limit to allow for more borrowing. The House plan increased the debt limit by $4 trillion, but the Senate raised it to $5 trillion to postpone further votes on the issue until after the next year’s midterm elections. The Senate plan calls for just $4 billion in spending cuts, but GOP leadership emphasizes that this is a minimum and committees will look for significantly more. GOP leaders are already facing concerns from fiscal conservatives who want trillions of dollars in spending cuts to help offset the tax breaks. Simultaneously, numerous lawmakers in swing districts and states are worried about the impact of these cuts on their constituents and their reelection prospects. The GOP leadership has encouraged members to pass a budget plan, stating that they have time to resolve the difficult decisions about which tax breaks and spending cuts to include. Extending the 2017 tax cuts would reduce taxes for approximately three-quarters of households but increase them for about 10%. By 2027, around 45% of the benefits from all the tax cuts would go to those earning approximately $450,000 or more, according to the Urban-Brookings Tax Policy Center, which analyzes tax issues. ```
A Better Approach to Foreign Aid Reform
` tags. `` Elon Musk's sharp critique of USAID, as the head of the Department of Government Efficiency, created a stir. Whether driven by political motivations (given that 95% of campaign contributions went to Democrats) or other factors, the Trump Administration is targeting a wide range of areas, from civil society to education, health, infrastructure, and reproductive rights. The planned cuts to humanitarian aid and public health are particularly concerning, including the reported defunding of programs that have saved millions of lives and reducing support for key U.N. organizations. However, "development" aid has produced inconsistent and often disappointing results, warranting careful examination. Decades of aid to poorer nations have yielded setbacks like , , , and increasing . These issues often arise from "conditionalities"—austerity measures, privatization, and trade liberalization—imposed by the World Bank and IMF from their positions of influence in Washington, D.C. Misunderstandings also exist regarding the amount and destination of aid. Aid constitutes roughly of the U.S. federal budget. Instead of being wasted overseas, the majority is spent within the U.S., primarily benefiting that receive most of USAID's funding. Such of aid represents one of several ways donor countries benefit themselves. Against this backdrop, U.S. foreign aid is facing increasing competition. In the 21 years leading up to 2022, China provided approximately in aid-like investments (mostly loans), exceeding U.S. spending by around 75% during that period. Even considering the U.S.'s significant influence (including veto power) in the World Bank and IMF, which gives it leverage over other Western donors, China is a notable competitor in the aid landscape. Chinese aid is frequently motivated by commercial interests (similar to Western donors, whose aid is than China's) and does not impose conditions related to political change or market liberalization. Emerging donors such as India, Turkey, and Brazil are also offering assistance on terms that are less patronizing, similar to China's approach. Adding to recipient countries' concerns are issues related to "spillovers." The U.N. has begun them—examining how some countries' actions can impede progress toward achieving the U.N.'s Sustainable Development Goals (SDGs), which aim to ensure health, justice, and prosperity for all. The U.S. many negative spillovers, and its aid doesn't address them. It's not surprising that the Trump Administration "" the SDGs. One major Western spillover is the flow of wealth from poorer to richer countries. One estimated this at $62 trillion since 1960, noting that it has been 14 times greater than Western aid in recent years. While some of these flows are legitimately earned through fair trade, technologies, and investments, many consist of rents—value extracted through unfair political and legal advantages. The rentier is central to the current flawed system. U.S. economist Lawrence Summers, a long-time advocate of free trade and globalization, recently acknowledged the financial drain from poorer countries, writing, “Millions in, billions out.” These losses cannot be directly blamed on the aid system. However, policies promoting smaller government and tax cuts have limited revenue collection, hindering self-reliance. Furthermore, the IMF's approach has poor countries to divert capital from domestic investment and public services into international currency ; these essentially become low-interest loans, primarily to the U.S. A few exceptional donors, like Norway, recognize spillovers such as tax evasion and illicit financial flows, which disproportionately harm poorer countries. Those donors and policy activists advocate for policy changes to stop these flows and help poorer countries , mainly by increasing domestic revenue collection. Angus Deacon, a professor at Princeton and Nobel laureate in economics, sees too many downsides to conventional aid. In his book, , he encourages people to "agitate for our own governments to stop doing the things that make it harder for poor countries to stop being poor.” In my opinion, this means stopping these spillovers and harmful aid conditionalities. Instead of dismantling aid agencies, as the Trump Administration appears to want, we could, as economist John Maynard Keynes suggested in 1936, begin with the euthanasia of the rentier.
ISG Provider Lens™ 2025 Names Dragon Sourcing a Product Challenger in Procurement Services
Mumbai, Maharashtra, April 5, 2025 – Dragon Sourcing is pleased to announce that it has been recognized as a Product Challenger in the ISG Provider Lens study for Procurement Services 2025 within the Global region. This recognition emphasizes the company's dedication to innovation, excellence, and effective sourcing strategies in the global procurement field. The ISG Provider Lens study assessed many companies across different procurement service categories. Dragon Sourcing stood out in the Strategic Sourcing and Category Management Services quadrant, reinforcing its reputation for providing customized, high-impact procurement solutions to clients globally. "Congratulations! I am delighted to announce that Dragon Sourcing has been identified as one of the leading firms in the ISG Provider Lens study Procurement Services 2025 in the Global region as a Product Challenger," stated the ISG team. Dragon Sourcing expressed its gratitude for the recognition, stating: "This honor strengthens our dedication to providing top-tier procurement services and consistently creating value for our global clients." ISG is a prominent global technology research and advisory firm known for its in-depth industry knowledge and thorough evaluation processes. The results of this study will be used by ISG's team of over 800 expert advisors to recommend leading providers to enterprise clients, further strengthening Dragon Sourcing's position in the market and increasing its visibility throughout the procurement industry. Dragon Sourcing plans to use this recognition to pursue new opportunities, enhance its service capabilities, and continue to innovate within the procurement sector. This achievement is a significant step in the company's mission to deliver even greater value to its clients worldwide. Media Contact: Mr. Richard Laub CEO, Dragon Sourcing Media ContactDragonsourcing Source :ISG
Atlanta’s Kimera Ventures Leads the Way in B2B Sales and Leadership
` tags. Kimera Ventures, Atlanta’s only B2B outsourced sales firm, combines in-person strategies with leadership coaching to foster tangible growth and lasting influence.Atlanta, Georgia Apr 4, 2025 - Kimera Ventures, Atlanta's premier B2B outsourced sales company, is revolutionizing how businesses pursue customer acquisition. Guided by stoic principles of Courage, Justice, Wisdom, and Moderation, Kimera is dedicated to achieving concrete results while cultivating the next wave of business and sales leaders. In an increasingly digital age, Kimera Ventures champions face-to-face sales, a method that surpasses the capabilities of AI and automation. By delivering superior, personalized service, Kimera empowers companies to boost revenue and cultivate robust, enduring client relationships. As Atlanta's exclusive B2B outsourced sales firm, Kimera provides direct mentorship from the CEO, a culture centered on development, and a tried-and-true formula for success. Its vibrant, people-focused atmosphere attracts exceptional sales professionals seeking purpose and growth, not just employment. CEO Daniel explains: "We don't just assemble teams; we develop leaders. Our success is rooted in integrity, diligence, and equipping individuals with the resources to succeed." Kimera Ventures' distinct visual identity, characterized by Columbia blue, black, and white, mirrors their approach: sharp, minimalist, and impactful. Their social media presence emphasizes sales education, team member highlights, leadership insights, and cultural moments that illustrate Kimera's uniqueness. About Kimera Ventures Kimera Ventures, located in Atlanta, GA, is a B2B sales and customer acquisition firm. With a mission to dominate sales through results and integrity, Kimera delivers outsourced sales solutions and leadership development to businesses poised for expansion. Media Contact: KIMERA VENTURES OFFICES team@kimeraventures.com Media ContactKimera Ventures Source :Kimera Ventures
ForexRova Debuts at International Forex Conference, Promises Smarter Gold Trading Solutions
Dubai, UAE – April 05, 2025 – (SeaPRwire) – ForexRova announces the launch of its platform at an international forex conference, which promises smarter gold trading solutions. In the fast-moving world of forex trading, staying ahead means embracing change. Traders now demand tools that evolve with market dynamics and reflect their unique strategies. ForexRova, developed by Avenix Fzco, meets that demand with a customizable trading system built for flexibility, precision, and control. Why Adaptive Trading Matters Now Old-school automated trading systems often feel like they’re stuck in the past, rigid algorithms that can’t keep up with the market’s twists and turns. But forex isn’t static. Adaptive trading changes that, using algorithms that analyze historical and real-time data to adjust strategies dynamically. In a relentless market, this responsiveness is critical for staying competitive. ForexRova: Built for You, Not the Crowd ForexRova is designed with the trader in mind. Its flexible configuration lets users tailor the system to their own risk profile and trading style: Risk Exposure: Set parameters to match your risk tolerance. Trade Frequency Tailor execution from frequent to conservative trades. Stop-Loss Behavior: Customize protections for each trade. Market Entry Rules: Define conditions for initiating trades. This level of personalization helps traders take ownership of their strategy without the limitations of rigid algorithms. Optimized for Performance ForexRova’s performance is refined using tick data from Thinkberry SRL’s Tick Data Suite (2016–present). Starting with a $10,000 deposit, it delivers approximately 100% annual profits with low drawdowns, a balance of growth and discipline that suits serious traders. Risk Management That Prioritizes Safety Capital protection is central to ForexRova’s design, with features like: Stop Loss and Take Profit Settings: Clear exit points to secure gains and limit losses. Light Martingale Approach: A cautious method to recover losses without high risk. Global Stop Levels: An extra shield to cap drawdowns and protect your account. The goal is steady, sustainable growth, not reckless trading. User-Friendly Interface and Support ForexRova offers a clean, intuitive interface, making it accessible to beginners while still powerful enough for advanced users. Setup is quick, navigation is straightforward, and support is readily available to ensure smooth operation at every step. As forex trading evolves, the demand for smarter, more responsive tools grows. ForexRova delivers an adaptive solution that empowers traders to stay in control, without sacrificing safety or simplicity. About ForexRova ForexRova is a powerful Expert Advisor designed for XAU/USD trading, combining advanced optimization with strategic risk management to deliver consistent profitability. Utilizing high-quality tick data and a precision-driven trading strategy, it ensures steady growth while safeguarding traders against market volatility. Learn more at https://forexrova.com/. Media Contact Brand: ForexRova Contact: Media team Email: support@forexrova.com Website: https://forexrova.com/
Connect Marketplace Hong Kong 2025 Concludes Successfully
HONG KONG, Apr 4, 2025 - (ACN Newswire via SeaPRwire.com) - Connect Marketplace Hong Kong (CMHK) successfully concluded its preview event in APAC in 2025, marking a significant milestone in fostering business collaboration within the MICE industry. Held from 19-21 March 2025, the event successfully brought together over 4,000 industry professionals, along with more than 60 exhibitors from over 30 countries and regions. It focused on creating an invaluable platform for networking and business development.Margaret Ma Connolly, president and CEO of Informa Markets in Asia, highlighted the event’s role in driving transformation within the MICE industry. “The launch of Connect Marketplace Hong Kong is more than just a new event. It's a testament to our belief in Hong Kong as the ultimate MICE destination. Here at Connect Marketplace Hong Kong, we’re not just discussing the future of business events – we’re actively shaping it, fostering connections that transcend borders and drive economic growth across Asia and beyond” she said.Connect Marketplace Hong Kong excelled as a premier platform for business collaboration, featuring the Hosted Buyer Programme, which brought together around 450 international decision-makers and facilitated close to 1,300 business organised through its innovative one-on-one meeting initiatives.Additionally, conference sessions and forums addressed key industry topics, from sustainability to cutting edge MICE solutions. A series of networking opportunities, including Horse Racing Night, Gala Dinner and a Familiarization Trip to Macau further strengthened interactions among global industry players.Janice Lee, Senior Portfolio Director of Connect Marketplace Hong Kong, expressed excitement for future growth: “This is a remarkable achievement! I have witnessed the spirit of Informa unfold over four months of hard work, culminating in around 4,000 attendees at the show. This success gives us great confidence as we look ahead to the next edition of CMHK in 2026.” The next edition of Connect Marketplace Hong Kong is scheduled for 18-19 March 2026.About Informa MarketsInforma Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.For media enquiries, please contact: cheenie.so@informa.com Copyright 2025 ACN Newswire via SeaPRwire.com.
JF SmartInvest Holdings Ltd Announces 2024 Annual Results
HIGHLIGHTS:- During the Reporting Period, the Group’s gross billings amounted to approximately RMB3,505.9 million, representing an increase of approximately 49.3% from approximately RMB2,347.7 million for the Corresponding Period.- The total revenue of the Group was approximately RMB2,306.0 million, representing an increase of approximately 17.3% compared to approximately RMB1,965.4 million for the Corresponding Period.- The profit attributable to Shareholders of the Group was approximately RMB272.4 million, representing an increase of approximately 42.8% from approximately RMB190.7 million for the Corresponding Period.- The Group’s operating cash flow (net inflow) was approximately RMB1,627.8 million, representing an increase of approximately 266.6% as compared to approximately RMB444.0 million for the Corresponding Period.- Taking into account the financial and cash flow positions of the Group, the Board recommends the payment of a final dividend of approximately HKD148.0 million for the year ended December 31, 2024, representing HKD0.33 per share (in cash), and the proposed final dividend is subject to consideration and approval by Shareholders at the AGM.HONG KONG, Apr 4, 2025 - (JCN Newswire via SeaPRwire.com) - 28 March, JF SmartInvest Holdings Ltd(the “Company” ; together with its subsidiaries, the "Group" or “we”) is pleased to announce its consolidated annual results for the year ended December 31, 2024 (the “Reporting Period”). During the Reporting Period, the Company realized a revenue of approximately RMB2,306.0 million, representing a growth of approximately 17.3% from the Corresponding Period. Profit attributable to Shareholders amounted to approximately RMB272.4 million, representing an increase of 42.8% over the Corresponding Period. In addition, our operating cash flow was strong. We had a net inflow of approximately RMB1,627.8 million which represented a significant year-on-year growth of 266.6%, fully demonstrating the effective strategy execution and high market adaptability of the Company.Developed a multi-dimensional product structure to promote business and revenue diversificationDuring the Reporting Period, on top of integrating and improving our existing products, we launched the industry’s first-ever stock learning machine and enriched our small-amount series product matrix for the promotion of revenue diversification. We have formed four main product lines currently, namely “Stock Navigator Series and Super Investor” , “Enjoy-Stock Pad”, “Jiuyao Stocks” and “SmartInvest App” (App). We aim to serve a wider spectrum of customers in a more effective manner by capitalizing on the synergies of these product lines.In order to meet users’ needs, we launched the first “Enjoy-Stock Pad (Starter Edition)” in July to fill the market gap for professional stock learning products. The Company expected that the launch of this product would create a dedicated learning platform for investors, actively fulfil corporate social responsibilities and deepen the inclusive financial education practice. In the meantime, we launched nearly 30 lightweight products to achieve product scalability and standardization, which allowed us to meet the diverse users’ needs and fully explore long-tail customers. During the Reporting Period, our small-amount series products were used by our subscriber customers for more than 2.203 million times.Adherence to pursuing “technological research + investment research” dual-driver strategy, deepening AI technology for full empowerment for the Company’s business and practical applicationImplementing our “technology + investment research” dual-driver strategy, we further increased our R&D investment, explored the empowerment and application of AI and other frontier technologies to the Company’s product offerings, business operations and operational management. With focus on the “buyer-side investment advisory” service, we strengthened our “1+N” investment research system to fully penetrate our investment research into businesses and processes, so as to professionally support our customers in creating long-term value.We continuously strengthened our R&D capabilities and investment: During the Reporting Period, we invested approximately RMB319 million in R&D activities, representing an increase of 10.9% over the Corresponding Period. Such R&D investment accounted for approximately 13.8% of the Company’s total revenue. In addition, as of the end of the Reporting Period, we had 136 software copyrights and patents on product features, big data and AI, that was 52 more than last year. What is noteworthy is that during the Reporting Period, we became a member of the Chinese Association for Artificial Intelligence (CAAI), signifying that the Company has been recognized for its core AI R&D technologies and achievements in the financial sector.We explored the all-round empowerment of AI and other frontier technologies to the Company’s product offerings, business operations and operational management. In terms of empowering our product offerings, we launched “FinSphere Agent”, a new-generation conversational stock investing assistant, and “FinSphere Report”, an intelligent investment research product. They provide deep-thinking intelligent conversational investment advisory services and intelligent research report generation and explanation services. We continuously upgraded our digital investment robo-advisor “Jiu Ge”, served approximately 472,000 customers, with total services reaching 32.407 million times, during the Reporting Period. In terms of empowering our business operations, we deployed our “AI Marketing Partners” and “AI Live Replay Summaries” which enabled us to achieve full-process coverage of text generation and pitch recommendations that doubled our communication efficiency. In terms of empowering our compliance management: The Company developed the intelligent compliance management solution 3.0, with which, our “AI Monitoring Officer” has conducted approximately 1.6 billion monitoring tasks and our “AI Inspection Officer” has assisted in over 10 million review tasks, achieving a coverage rate of 98%.We focused on “buyer-side investment advisory” and emphasized the application of our investment research. In the single month of December, our professional stock review programs output an average of approximately 22 shows per day, with a total duration of nearly 13 hours; we engaged active interactions with investors and answered their questions. The average number of inquiries per day exceeded 2,500. Our JF Financial Research Institute has designed more than 218 sets of self-developed signature courses, with a total of more than 1,300 sessions and a total of over 12,000 minutes, further improving the system of providing courses on our Stock Learning Machine.Establishment of quality traffic system to achieve precise expansion of new customer baseWe established quality traffic system and continued to expand our presence on platforms. During the Reporting Period, apart from our established presence on Douyin and WeChat Channels, we explored Kuai and tapped into platforms such as Xiaohongshu and Bilibili, to achieve high accessibility to customers, increase our brand exposure, optimize our live broadcast efficiency and enhance viewers’ experience through short video + live broadcast approach. The live broadcasts lasted over 49,800 hours cumulatively with 26,500 sessions, representing a growth of over 110% from the Corresponding Period. During the Reporting Period, we operated 152 new MCN accounts on different internet platforms. As of December 31, 2024, we had 526 MCN accounts and attracted approximately 50.05 million followers, as compared to approximately 11.15 million followers in the Corresponding Period.At the same period, we actively promoted popular investor education and enhanced brand influence. At the National Investor Protection Publicity Day on May 15, we organized the “Shareholders Are Here” event jointly with Everbright Securities to attract investors’ participation in the education on rational investing through short videos and live broadcasts on all of the Company’s platforms, together with the active promotion by traditional media such as Hubei TV and China Business Network (CBN). As of December 31, 2024, we have exclusively sponsored CBN’s live broadcast of the Berkshire Hathaway Annual Shareholders Meeting for the fifth consecutive year. We produced the live broadcast program “Buffett and Seven Lunches”, which recorded a total online viewership of nearly 227 million.Business outlookThe chairman of the Board and chief executive officer of JF SmartInvest Holdings Ltd, Mr. Chen Wenbin said: "We will adhere to our principles of rational investing, value investing and long-term investing to help customers induce right investing concepts, practice investor education, fulfil corporate social responsibility and commit ourselves to promoting healthy development of the capital market in the long run. Looking forward to 2025, we, as a next-generation stock investing assistant, will continue to strengthen our competitiveness, solidify our market leadership and strive to make investing and wealth management easier yet more professional, and enhance the happiness of investing and wealth management. "About JF SmartInvest Holdings Ltd (Stock Code: 9636)JF SmartInvest Holdings Ltd is a new generation stock investment assistant. The Company is engaged in the provision of equity investment instruments, securities investment advisory, investor education and other services to individual investors. The products include stock quote software, stock learning machine, Stock Navigator, Super Investor and Jiuyao Stocks. The Company adopts the technology + investment research model, develops JF Robo-Advisor, FinSphere Agent, FinSphere Report and other products based on artificial intelligence (AI) and big data technology, which are applied to the industry in terms of innovative practice and scenario application.For enquiries, please contact:Financial PR (HK) LimitedEmail: ir@financialpr.hkTel: 852 2610 0846Fax: 852 2610 0842 Copyright 2025 ACN Newswire via SeaPRwire.com.
The India Market Entry Dilemma: What’s Holding Manufacturers Back
Kuala Lumpur/Bangkok/Singapore , Apr 3, 2025 - (ACN Newswire via SeaPRwire.com) - India is emerging as the world’s next manufacturing giant—yet global corporations still stumble at the entrance. Despite its $7.5 trillion growth trajectory, cost advantages, and policy incentives, there are still several obstacles in the way of building a long-lasting presence in India. A recent whitepaper titled “Why Do Global Manufacturers Struggle with India Market Entry” offers a data-driven blueprint for overcoming regulatory, supply chain, and regulatory obstacles in one of the world’s complex but most promising economies.Regional companies aiming to expand into India can find a powerful roadmap in SRKay Consulting Group’s latest release, “Why Do Global Manufacturers Struggle with India Market Entry” This comprehensive publication outlines the key challenges that often derail even the most experienced players—including regulatory red tape, infrastructure hurdles, intellectual property risks, pricing pressures, and workforce acquisition difficulties.The report dives deep into the root causes behind these obstacles, from fragmented supply chains to complex compliance landscapes, and presents a structured, four-pillar India entry strategy. Covering insights across seven key sectors, it serves as an essential guide for manufacturers seeking to build a resilient and scalable presence in the Indian market.Highlights & Strategic Takeaways:A Proven India Market Entry Framework: A four-pillar approach covering research, business setup, supply chain localisation, and long-term growth.Real Success Stories: What global giants like Apple, Hyundai, and IKEA won in India by adapting to local demand and operational realities.Insights for Emerging Market Entrants: UAE and Malaysia-based companies prioritise India’s growth and competitive costs, but face workforce, regulatory, and IP-related hurdles.Digital & Trade Enablers: How UPI, ONDC, and Free Trade Agreements (like CEPA and ECTA) are creating new competitive advantages for manufacturers.“India is not just a big market—it’s a complex one. For Southeast Asian companies, entering India without the right regulatory, supply chain, and cultural game plan is risky. This whitepaper is our answer to help them succeed,” said Alok Kumar, Founder & Managing DirectorThis whitepaper is an essential resource for business strategists assessing market viability or C-suite executives considering expansion to confidently and clearly navigate the India opportunity.Download the Whitepaper NowWhy Do Global Manufacturers Struggle with India Market EntryAbout SRKay Consulting GroupSRKay Consulting Group is a global consulting firm that helps companies expand into emerging markets like India through data-led strategies, market entry advisory, and operational consulting. With deep expertise in regulatory compliance, digital infrastructure, and supply chain localization, SRKay is the trusted partner for Southeast Asian firms entering India.For expert consultation and partnership opportunities, connect with:Komaldeep KaurEmail: Komal@mianext.com Copyright 2025 ACN Newswire via SeaPRwire.com.
Kirin and Hitachi begin joint research on the creation of forest-based carbon credits
TOKYO, Apr 4, 2025 - (JCN Newswire via SeaPRwire.com) - Kirin Holdings Company, Limited and Hitachi, Limited concluded a joint research agreement in March 2025 with the aim of creating forest-based carbon credits.(1) By utilizing Kirin’s “Rapid propagation system of plants” and Hitachi’s “Remote monitoring technologies and digital measurement, reporting, and verification (MRV)(2) technologies,” we aim to create high-quality forest-based carbon credits, while also working to reduce greenhouse gas (GHG) emissions and achieve biodiversity conservation through the protection of afforestation areas. In this way, we will contribute to the realization of a decarbonized society and the conservation of the natural environment.BackgroundAccording to the Emissions Gap Report 2023 published by the United Nations Environment Program (UNEP), the total global GHG emissions in 2022 reached a record high of approximately 57.4 billion tons.(3) The total carbon absorption of forests, which contributes to the reduction of GHG in the atmosphere, is also on the decline in Japan,(4) and one of the causes is thought to be the slowing of tree growth due to the aging of forests. Maximizing the carbon sequestration capacity of forests is required for the transition to a decarbonized society. In addition, in recent years, there has been a growing trend to disclose information such as the impact of a company’s business on the natural environment in line with the framework of the Task Force on Nature-related Financial Disclosures (TNFD),(5) and there is a need for initiatives that balance decarbonization and biodiversity conservation. Against this background, Kirin and Hitachi have focused on forest-based carbon credits and have started joint research to address social issues.IssuesIn the field of forest-based carbon credits, there is a problem of “junk credits”(6) that are not subject to proper MRV, and there is a growing demand for forest-based carbon credits with a high level of integrity. In addition, because the procedures for applying for credits are complex, there is a need for efficient and highly transparent forest management and credit creation.Furthermore, with regard to the production of seedlings, which is one form of appropriate forest management, as the producers age, their number continues to decline, and has been below 1,000 for more than 10 years.(7) As it takes a long time to propagate seedlings using traditional grafting and cuttings, there is an urgent need to develop more efficient seedling production technology.Overview of Joint ResearchA joint research agreement was signed in March 2025 with the aim of creating high-quality forest-based carbon credits and conserving biodiversity by combining Kirin’s “Rapid propagation system of plants” with Hitachi’s “Remote monitoring technology and digital MRV technologies”.Kirin will establish a method for producing seedlings that can be produced more efficiently in a shorter period of time than conventional grafting and cutting techniques using its “Rapid propagation system of plants.” Hitachi will utilize “Remote monitoring technologies and digital MRV technologies” to develop a method for quantitatively evaluating carbon sequestration, and to create an unalterable database and automatically generate application reports. In the future, we will begin planning for a demonstration test to evaluate carbon sequestration and biodiversity in the field.Future ProspectsKirin and Hitachi will promote further joint research themes that leverage the strengths of bothcompanies, and by creating high-quality forest-based carbon credits, aim to simultaneously address a variety of social issues, including biodiversity conservation, contributions to forest businesses, GHG reduction (promotion of decarbonization), and improvement of the global environment.In addition to promoting activities aimed at implementing demonstration tests, we will also continue to search for collaborative partners for demonstration tests and implementation.The Kirin Group aims to overcome the challenge of climate change and build a decarbonized society through its Kirin Group Environmental Vision 2050. Kirin aims to not only achieve net zero GHG emissions across its entire value chain by 2050, but also to go beyond its value chain to contribute to a decarbonized society. Kirin will work to create carbon credits and address climate change while maintaining forests using Kirin’s “Rapid propagation system of plants.” (March 24, 2025, Company Release, Carbon Credit Policy (www.kirinholdings.com/en/newsroom/release/2025/0324_02.html) Hitachi is promoting initiatives to achieve carbon neutrality by 2050 based on its long-term environmental goals outlined in Hitachi Environmental Innovation 2050. In addition, Hitachi will lead the search for a solution to global environmental issues through its social innovation business and contribute to the realization of a sustainable society where the preservation of the global environment and quality of life are compatible.(1) The right to trade greenhouse gas emission reductions.(2) Referring to the measurement, reporting and verification of GHG emissions and absorption. Ministry of the Environment.(3) Ministry of the Environment, 2024: White Book of the Environment, the Recycling Society, and Biodiversity www.env.go.jp/policy/hakusyo/r06/html/hj24010203.html (in Japanese)(4) Ministry of the Environment: Greenhouse Gas Emissions and Absorption in FY2022 (Summary) www.env.go.jp/content/000216815.pdf (in Japanese) (5) Taskforce on Nature-related Financial Disclosures: An international organization that is developing a framework to help private companies and other organizations properly assess and disclose the risks and opportunities related to natural capital and biodiversity.(6) Carbon credits for which the effect of GHG reduction is uncertain.(7) Forestry Agency: Current State of Seedling Production Business www.rinya.maff.go.jp/j/kanbatu/syubyou/syubyou.html (in Japanese) “Number of Seedling Production Businesses by Management Type and Trends in Seedling Production Area” 2012-2022. www.rinya.maff.go.jp/j/kanbatu/syubyou/attach/pdf/syubyou-48.pdf (in Japanese)(8) Kirin Research and Development: “From seed potato production to space farms! Kirin’s ‘mass plant propagation technology’ is attracting attention in a variety of fields” https://rd.kirinholdings.com/domain/result/story_014.html (in Japanese)(9) Kirin Research and Development: “Developing a technology to mass-produce Japanese black pine saplings, and contributing to the regeneration of coastal protective forests in the Tohoku disaster area” https://rd.kirinholdings.com/domain/result/report_021.html (in Japanese)(10) Hitachi News Release, October 30, 2023 “Full-scale verification begins for digitization of J-Credits promoted by the Ministry of the Environment” www.hitachi.co.jp/New/cnews/month/2023/10/1030a.html (in Japanese)About Kirin Holdings Company, LimitedKirin Holdings Company, Limited is an international company that operates in the Food & Beverages domain (Food & Beverages businesses), Pharmaceuticals domain (Pharmaceuticals businesses), and Health Science domain (Health Science business), both in Japan and across the globe.Kirin Holdings can trace its roots to Japan Brewery which was established in 1885. Japan Brewery became Kirin Brewery in 1907. Since then, the company expanded its business with fermentation and biotechnology as its core technologies, and entered the pharmaceutical business in the 1980s, all of which continue to be global growth centers. In 2007, Kirin Holdings was established as a pure holding company and is currently focusing on boosting its Health Science domain.Under the Kirin Group Vision 2027 (KV 2027), a long-term management plan launched in 2019, the Kirin Group aims to become A global leader in CSV*, creating value across our world of Food & Beverages to Pharmaceuticals. Going forward, the Kirin Group will continue to leverage its strengths to create both social and economic value through its businesses, with the aim of achieving sustainable growth in corporate value.*Creating Shared Value. Combined added value for consumers as well as for society at large.About Hitachi, LimitedHitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” - supporting our customers’ digital transformation; “Green Energy & Mobility”- contributing to a decarbonized society through energy and railway systems, and “Connective Industries” - connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com. Copyright 2025 JCN Newswire via SeaPRwire.com.
Mitsubishi Corporation Announces Corporate Strategy 2027
TOKYO, Apr 4, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Corporation (MC) is pleased to announce its new management strategy, Corporate Strategy 2027. The theme of the new strategy is “Leveraging our Integrated Strength for the Future”.Amidst unprecedented geopolitical and economic risks, we recognize that the business environment has become increasingly uncertain on multiple fronts. We have formulated Corporate Strategy 2027 to further strengthen the earnings base of our existing businesses and create new projects, while flexibly shifting our strategic direction based on the risks and opportunities arising from external changes.1. Corporate Strategy 2027VisionOptimize our business portfolio to achieve sustainable growth and increase our corporate value by leveraging our integrated strength in response to a rapidly changing business environment.MC’s “Integrated Strength” refers to our ability to dynamically shift business strategies in anticipation of market changes by combining our extensive operational experience, broad industry expertise and deep insights, powered by our top-tier and diverse talent base, as a trusted partner.Key Quantitative TargetsWe have set two key quantitative targets to focus on growth and efficiency respectively:Underlying Operating Cash Flow: Average growth rate of 10% or greater.Return On Equity (ROE): 12% or more by FY2027.Financial SoundnessWe have set an upper limit of approximately 0.6 for our net debt-to-equity ratio and will consider the use of leverage to facilitate certain investments, while maintaining our financial soundness.Shareholder ReturnsWe will maintain our basic policy of progressive dividends and flexible share buybacks.2. Value Creation Framework to Deliver Corporate Strategy 2027To achieve sustainable high growth and efficiency, we will upgrade our Value-Added Cyclical Growth Model using our integrated strength as the engine for value creation.EnhanceAccelerate growth and reinforce earnings base across all businesses via expansion and additional investments.ReshapeM&A, capital strategies and other initiatives leading to business transformation ahead of market shifts.CreateNew investments and joint projects between business segments to create potential synergistic effects.3. Capital Allocation StrategyOver the three years of this management strategy, we will allocate approximately ¥1 trillion to sustaining capex and more than ¥3 trillion to growth investments.In a potential excess cash scenario, we will evaluate the allocation of those funds to investments or additional shareholder returns in consideration of our investment pipeline and other factors.Inquiry RecipientMitsubishi CorporationTelephone: +81-3-3210-2171 Copyright 2025 JCN Newswire via SeaPRwire.com.
Shingles Vaccine May Offer Dementia Prevention, Study Suggests
What if a dementia vaccine existed? A study published in Nature on April 2 by U.S. and German scientists suggests this may soon be a reality. The varicella-zoster virus causes chickenpox and, later in life, shingles. Scientists have linked it to dementia because it infects the nervous system. Vaccines exist for both conditions. The chickenpox vaccine protects against the initial infection, while the shingles vaccine prevents the virus from reactivating in adults who were previously infected (most adults born before chickenpox vaccination became widespread in the late 1990s), thus preventing shingles. Traditionally, determining if the shingles vaccine could prevent dementia would require a randomized controlled trial. This would involve dividing adults into two groups: a control group receiving no vaccine and an intervention group receiving the vaccine. Dementia rates would then be compared over time. However, dementia is a disease of old age, making such a trial difficult due to the need to track thousands of patients and collect data over many years. The researchers behind this new study, including Markus Eyting and Pascal Geldsetzer of Stanford University, took a different approach by recognizing that such an experiment had already occurred unintentionally. In 2013, Wales began offering the shingles vaccine to adults born on or after September 2, 1933, while those born earlier were ineligible. This meant that someone born on September 4, 1933, could receive the vaccine, while someone born just days earlier on August 28, 1933, could not. Because birthdates around this cutoff are essentially random, the only significant difference between Welsh adults born just before and after the cutoff was their eligibility for the vaccine. This effectively randomized them into vaccinated and unvaccinated groups. This type of accidental randomization is known as a natural experiment—science happening organically. These experiments occur frequently, but often go unnoticed until researchers analyze existing data. After several years since the vaccination program began, researchers examined Welsh adult health records to identify dementia cases since 2013. The results were striking. Almost no one born before the cutoff received the shingles vaccine, while about half of those born after the cutoff did. As expected, the vaccinated group had lower rates of shingles. Surprisingly, they also had a significantly lower rate of dementia diagnosis. Researchers estimated a nearly 20% reduction in dementia diagnosis among those who were vaccinated by chance. While this analysis is compelling, it doesn't explain exactly why the shingles vaccine might reduce dementia rates. The most obvious explanation is that preventing viral reactivation with the vaccine reduces the risk of dementia if shingles predisposes individuals to the disease. The researchers found evidence supporting this. First, those with more shingles episodes had higher dementia rates. Second, those who received antiviral medication for shingles, which suppresses reactivation, had lower dementia rates compared to those who didn't. Another possibility is that the body's response to the vaccine itself protects against dementia. Vaccines stimulate the immune system, and this response could theoretically affect the brain in a way that reduces dementia risk. Researchers found two pieces of evidence supporting this. First, those who recently received a flu vaccine when they received their shingles vaccine were even more protected against dementia. Second, women, who have different immune responses to vaccines than men, experienced a much larger protective effect against dementia. Any of these mechanisms could explain the shingles vaccine's potential protective effect against dementia. (One of us, Jena, explored these in depth in a published in Nature alongside the study.) Further research is needed to fully understand these findings, but this study provides a valuable framework for future investigation. This understanding of the zoster vaccine, shingles, and dementia was made possible by researchers recognizing the conditions for a natural experiment in Wales and analyzing the data. In an age of extensive data collection, countless natural experiments in healthcare await discovery, provided researchers have the resources to find and analyze them.
Trump Administration Cuts Funding for Low-Income Heating Assistance Program
The Trump administration has reportedly dismissed the entire staff of the Low Income Home Energy Assistance Program, a $4.1 billion initiative aiding millions of low-income families with winter heating costs. This action has caused concern among state officials who are now uncertain about receiving expected federal funding. According to Mark Wolfe, executive director of the National Energy Assistance Directors Association, the approximately two dozen employees managing the Low Income Home Energy Assistance Program were among the 10,000 individuals terminated as part of a significant reorganization within the Department of Health and Human Services. Wolfe stated that several senior employees responsible for the program, which assists roughly 6.2 million households annually, were denied access to their workplace upon arrival on Monday. He added that the dismissals happened without any prior notification. On Thursday, a bipartisan group of 13 U.S. senators, including two Republicans, addressed a letter to Health Secretary Robert F. Kennedy Jr., urging the administration to reconsider the LIHEAP staff cuts. They cautioned that these terminations would jeopardize the agency's capacity to deliver essential support to vulnerable seniors and families. While the program had already allocated the majority of its funding to states for the current fiscal year, $378 million remained undistributed. The program also provides financial assistance for air conditioning expenses during hot summer months. In response to inquiries regarding LIHEAP's future and the pending payments, Emily Hilliard, deputy press secretary for HHS, stated that the agency will continue to adhere to legal requirements and that the reorganization would improve its ability to fulfill Congress's intended purpose. Kennedy has described the broader agency restructuring as a necessary "recalibration." With no staff in place, states are now questioning whether they will receive their remaining funds, especially for planned summer cooling programs. Wolfe stated that a failure to receive the remaining funds could force some states to reduce or eliminate their summer cooling programs. State officials involved in aid distribution have expressed concerns that LIHEAP could collapse without federal support. Peter Hadler, deputy director of the Connecticut Department of Social Services, noted that emails to long-time program contacts are bouncing back and that his state is still owed $8 million. In Minnesota, where the northern region experienced a foot of snow on Wednesday, the Department of Commerce anticipates running out of funds by mid-April for new applicants seeking assistance with heating and electricity bills. The state had been expecting an additional $12 million to $13 million in federal funding, which had already been approved by Congress. These funds would assist over 10,000 households in paying their utility bills and preventing power disconnections. Approximately 130,000 Minnesota households receive LIHEAP assistance each year. Pete Wyckoff, deputy commissioner of energy resources at the department, emphasized that winter conditions persist in Minnesota and that the additional funding is crucial to support residents through the remainder of the winter season. Program eligibility and specific services vary by state. Generally, the program helps families cover utility bills or heating oil costs and has historically received bipartisan support in Congress. Sens. Susan Collins of Maine and Lisa Murkowski of Alaska were the Republican senators who signed the letter urging Kennedy to reconsider any staffing or funding cuts that could endanger the program.
“One of Them Days”: The Netflix Comedy You Need to Watch Now
Comedies about financial struggles resonate universally, except perhaps with the wealthy. From George Orwell's *Down and Out in Paris and London* to Depression-era films and songs like The Coasters’ “Shoppin’ for Clothes,” the theme of overcoming poverty has a long history. Now, *One of Them Days* joins this tradition. Released in U.S. cinemas on January 17, it defied expectations by remaining in theaters for over three months, indicating its appeal to audiences facing economic hardship. If you're too broke to go out, you can now stream *One of Them Days* on Netflix. Keke Palmer and SZA star as Dreux and Alyssa, roommates in a rundown Los Angeles apartment managed by Uche (Rizi Timane), a landlord known for exploiting his tenants. Dreux, a waitress with aspirations of owning a restaurant, and Alyssa, a struggling artist, face eviction when rent money goes missing. Alyssa tasks her boyfriend Keshawn (Joshua David Neal) with delivering the rent. The funds disappear. Uche gives Dreux until 6 p.m. to come up with the money. Dreux also has an important job interview at 4 p.m. Alyssa, feeling responsible, promises to help Dreux raise $1500 in a single day, leading to a series of misadventures. Their first stop is Keshawn, who has invested the money in a T-shirt venture and is involved with Berniece (Aziza Scott). They attempt to secure a payday loan, but are denied due to poor credit. (A receptionist, played by Keyla Monterroso Mejia, points out a sign advertising a 1900.5% APR.) Next, they try selling blood, with disastrous results. A glimmer of hope appears when Alyssa spots vintage Air Jordans on a power line and retrieves them, risking electrocution. They quickly sell the shoes (to Lil Rel Howery), only to discover they belong to King Lolo (Amin Joseph), a local thug who demands the money plus an additional fee by 9 p.m. Amidst their financial woes, Dreux attends her job interview. She impresses the interviewer (Gabrielle Dennis) until a fight involving Alyssa breaks out, revealing Dreux's connection. The mounting challenges strain Dreux and Alyssa’s friendship. Produced by Issa Rae and directed and written by Lawrence Lamont and Syreeta Singleton, *One of Them Days* is fast-paced and humorous. Following a mishap at the blood bank, Dreux and Alyssa change into outrageous outfits from a charity box, creating a memorable visual gag. Palmer and SZA shine as a comedic duo, their chemistry evident even during arguments. Their charm infuses the film with a generous spirit. A subplot involves Bethany (Maude Apatow), a white Instagram influencer who moves into the complex, contrasting with the Black residents. Uche favors Bethany, while the other tenants resent her. However, the film ultimately treats Bethany with kindness. *One of Them Days* concludes with Alyssa and Dreux not only paying their rent but also securing a more stable future. The film offers a feel-good experience, finding humor in hardship.
Russell Brand Charged With Rape, Sexual Assault by UK Police
LONDON — Russell Brand has been formally accused of rape and sexual assault by British police on Friday, following an investigation lasting a year and a half. The inquiry began after four women claimed the controversial comedian had assaulted them. According to London's Metropolitan Police, Brand, who is 50 years old, is facing charges that include one count of rape, one count of indecent assault, one count of oral rape, and two counts of sexual assault. The alleged crimes involve four different women and are said to have occurred between 1999 and 2005 in central London and Bournemouth, a coastal town in England. The police have stated that the investigation is still ongoing and are encouraging anyone who may have relevant information to get in touch with them. In September of the previous year, 2023, British media outlets, specifically Channel 4 and the Sunday Times, released allegations from four women who claimed to have been sexually assaulted or raped by Brand. The identities of these accusers have not been revealed. Brand, a comedian, author, and actor known for his role in "Get Him To The Greek," has denied the allegations, asserting that his relationships were "always consensual." Famous for his unrestrained and often provocative stand-up performances, Brand has hosted both radio and television programs, authored memoirs detailing his struggles with substance abuse, acted in a number of Hollywood films, and was briefly married to the pop singer Katy Perry from 2010 to 2012. In recent times, Brand has largely disappeared from mainstream media, but he has cultivated a significant online following with videos that combine wellness topics with conspiracy theories. He recently mentioned that he had relocated to the United States. Brand is scheduled to appear in a London court on May 2. Jaswant Narwal, representing Britain’s Crown Prosecution Service, stated that prosecutors "carefully examined the evidence" following a police investigation prompted by allegations aired in a Channel 4 documentary in September 2023. “We have reached the conclusion that Russell Brand should face charges for offenses, including rape, sexual assault, and indecent assault,” Narwal stated. “The Crown Prosecution Service would like to remind everyone that criminal proceedings are currently active, and the defendant is entitled to a fair trial.” In January, the BBC issued an apology to its staff members who felt unable to lodge complaints regarding Brand’s behavior due to his celebrity status. Brand had two weekly radio shows on the BBC between 2006 and 2008 and also contributed to several short-term projects on an intermittent basis. The BBC has acknowledged that "it is clear that presenters have been able to exploit their positions" in the past.
Are Climate Goals Still Relevant During Economic Hardship?
President Trump's recent actions, including imposing tariffs on allies and competitors, triggered market sell-offs and inflation concerns. This has increased the possibility of a recession. The economic uncertainty might cause concern that climate action will be slowed. While businesses will likely focus on immediate financial concerns, it doesn't necessarily mean they will abandon their climate programs. Many companies have shifted their environmental efforts from mere investments or marketing tactics to financially driven initiatives with quick returns. The upcoming economic challenges will test whether companies will continue to invest in sustainability or revert to viewing climate programs as too costly. The typical initial response of businesses to economic uncertainty is to conserve cash to prepare for future difficulties. While climate programs may have once seemed expendable, the situation has changed. After the COVID-19 pandemic, companies emphasized climate change initiatives, and investors heavily funded ESG funds. The era of low interest rates and ESG investment led companies to make ambitious environmental commitments, some of which were unrealistic. Recent years have brought adjustments. Some companies have reassessed their targets and scaled back, while others have increased their efforts, recognizing the financial benefits of sustainability. The primary advantage of sustainability initiatives during economic uncertainty is efficiency, which reduces both costs and emissions. Another common recommendation for businesses during recessions is to seek strategic investment opportunities. Research indicates that strategic investments during downturns position companies for outperformance when the economy recovers. Climate and sustainability offer such opportunities. Companies are facing the financial consequences of climate change, such as weather-related damage and supply chain issues. Despite reduced regulatory pressure in the U.S., climate regulations remain significant globally, requiring multinational companies to prioritize sustainability. To illustrate, during the 2011 recovery from the Great Recession, a Harvard Business School study found that "high sustainability" firms outperformed "low sustainability" firms over the preceding 20 years. In 2020, during the recovery from the COVID-induced recession, substantial funds flowed into ESG-focused investments. However, the current economic uncertainty is largely driven by U.S. policy. The specific effects of Trump’s tariffs are still uncertain, though they will inevitably reshape the global clean technology supply chain. Companies that integrate climate action with financial benefits may not only weather the economic challenges but also position themselves for long-term success in a world increasingly shaped by climate impacts and solutions. (To get this story in your inbox, subscribe to the TIME CO2 Leadership Report newsletter .) ```














