Suncity Group Announces 2021 Outlook

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Striding Towards a Bright Future

 

MACAU
– Media OutReach – 5 January 2021 – Under the
impact of the COVID-19 pandemic, 2020 was a very difficult year for the world.
In the face of the severe challenges, Suncity Group has been working hard to
achieve its vision of sustainable development in all areas. With its philosophy
of “Innovating With Diversity, Striving For Success”, the Group strives
to develop its business in the fields of VIP services, entertainment, global
tourism, food and beverage, luxury fashion, etc., and is committed to becoming
a leading integrated resort operator, with the expansion of its global hotel
and resort management business as its core focus. At the same time, as an
enterprise rooted in Macao and backed by our motherland, it is one of Suncity
Group’s priorities to promote Macao as the “Creative City of Gastronomy”. With
this in mind, the Group has actively and successfully expanded its food and
beverage business to the Mainland, promoting cooperation between enterprises of
Macao and of the Mainland. Also, HOIANA, the Group’s feature project in
Vietnam, will serve as a bridge
to introduce Vietnam’s culture of gastronomy to the Mainland, in response to national policies of
“going global” and “bringing in”.

Suncity Group Announces 2021 Outlook

HOIANA, Suncity Group’s first integrated resort set to open its doors in 2021
- Advertisement -

Suncity Group Announces 2021 Outlook

Tigre de Cristal will focus on developing local Russian clientele, Japanese and Korean travellers as the target source market

Suncity Group Announces 2021 Outlook

Suncity Group prepares to further expand its food and beverage business in the Mainland

Suncity Group Announces 2021 Outlook

Suncity Group is committed to bringing in the finest food culture to the Mainland

 

- Advertisement -

Leveraging on its experience in resort and hotel management, Suncity
Group has been actively expanding its global hotel and resort management
business and marching towards the goal of becoming an internationally renowned
integrated resort operator. Year 2021 will see the grand opening of the Group’s
first integrated resort HOIANA, with all facilities set to open their doors at
the same time. Among the wide array of facilities included the entertainment
facilities of Hoiana Suncity, the golf course of Hoiana Shores designed by
renowned architect Robert Trent Jones Jr., and the 4 luxury hotels managed and
operated by Rosewood Hotel Group – Hoiana Hotel & Suites, New World Hoiana
Hotel & Residences, KHOS Hoiana and Rosewood Hoi An, offering over 1,000
guest rooms.

 

Located in
central Vietnam, the integrated resort HOIANA is only 40 km away from the Da
Nang International Airport, with its 3-km coastline and a stunning sea view.
The first phase of HOIANA covers an area of over 165 hectares, with the second
phase project commencing in 2021. Utilizing its unique coastline, the next
phase of the resort will focus on increasing the number of guest rooms as well
as the expansion of retail areas, including beach resorts and a Vietnamese
Village. Future developments also include facilities such as water and adrenaline
park, observation deck, etc., all with the aim to create the finest
entertainment hub of Southeast Asia. At the same time, taking advantage of its
geographical location, HOIANA will target at bringing in tourists from
Southeast Asia as its main source markets in the future. Suncity Group believes
that HOIANA will bring significant revenue and sustainable development
prospects, and is a demonstration of its determination to gradually evolve into
an integrated resort operator and actively expand its resort management
business.

 

- Advertisement -

In addition, through
Suncity Group Holdings Limited (1383.HK), Suncity Group is now the single
largest shareholder of Summit Ascent Holdings Limited (102.HK), and
participates in both operations of Tigre de Cristal Resort Phase I in
Vladivostok, Russia and the development of the resort’s second phase.
Currently, Tigre de Cristal Phase I is the largest integrated resort in Russia,
with a positive trend in business and revenue growth driven by the local
Russian clientele. Set to
open for preview in late 2022 and grandly open in 2023, the Phase
II development project will also commence in 2021, doubling the number of
entertainment facilities as well as tripling the number of guest rooms. The
project will also add to the resort 4 new restaurants and bars, premium outlet
and duty free shopping, multi-functional area, and a beach club and spa. Thanks
to its prime location in Northeast Asia, Tigre de Cristal will be well suited
for Japanese and Korean travellers. In the future, the Group will focus on
developing local Russian clientele, while introducing Japanese and Korean
travellers to the resort as the target source market.

 

Through the acquisition of Suntrust
Home Developers, Inc. (Stock Code: SUN:PM), Suncity Group is also actively
engaging in the development of the Westside City Integrated Resort in the heart
of Entertainment City in Manila, Philippines. The project covers an area of
over 20 hectares and is set to open its doors before 2023, creating the hub of
entertainment of Philippines together with our local partners.

 

Moreover, Suncity Group is expanding
into East Asia to further target at Japanese and Korean travellers, with plans
to develop resorts in Miyako Island of Okinawa and Niseko of Hokkaido in Japan,
with construction to begin in 2021. The Group plans to build a resort hotel in the
Yonaha Maehama Beach Area, which is known as “the most beautiful beach in the
East”, in Miyako Island of Okinawa, Japan and is expected to complete in 2023. The
resort will provide 100 hotel rooms and 40 private villas with their own pools,
as well as a variety of special water sports, including stand-up paddling,
snorkelling and deep diving. In addition, the Group plans to build a luxury
resort in Niseko of Hokkaido, Japan, which owns the reputation as one of the “Top
10 Ski Resorts in the World”. With development plans in the works in 2021, the
project will cover an area of approximately 20 hectares, combining the natural
beauty of Niseko and convenient leisure amenities. The completion of these new
integrated resorts will serve as a testament to Suncity Group’s determination
to become Asia’s leading integrated resort operator and an enterprise rooted in
Macao that is actively responding to the national policy of “going global”.

Read Also:  Tsit Wing Recorded Revenue of HK$785 Million for FY2019

 

Adhering to the spirit of patriotism,
Suncity Group has been actively supporting the policy of the Macao Special
Administrative Region Government, placing the development of the Motherland as
our top priority. Through the business expansion of Sun Food and Beverage in
the Mainland, Suncity Group aims to bring in the best of foreign cultures and
contribute to the country’s prosperity. Since last year, Sun Food and Beverage
established 8 restaurants in Chengdu and Chongqing, including “Danang
Vietnamese Cuisine”, “Pho Thuy”, “Bangkok Cock” and “Đồ ăn vỉa hè Hoi An Danang”.
Together with HOIANA, invested by Suncity Group Holdings Limited in Central
Vietnam, the Group strives to introduce Vietnam’s culture of gastronomy to the
Mainland.

 

In order to
further expand its footprint in the Mainland, Sun Food and Beverage is
preparing to open more quality branded restaurants in 2021. In the meantime,
Sun Food and Beverage has successfully created new cooperation opportunities
for the catering industry in Macao and the Mainland by taking initiative to
organise investment visits to the Mainland. Currently, Sun Food and Beverage is
actively supporting the “Luzu Temple District Renovation Project” of Chongqing
as the company plans to open at the site more branded restaurants presenting
Vietnamese cuisine, not just to increase company revenue, but also to help
reinvigorate the old district. In addition, Sun Food and Beverage is preparing
to set up a joint venture with Macao’s catering industry and open 3 restaurants
in the area, bringing Macao-style hot pot, Portuguese cuisine and local desserts
to Chongqing. This move not only enriches Mainland’s catering market, but is
also a way to support the Macao Special Administrative Region Government’s core
effort to promote Macao as “Creative City of Gastronomy”.

 

In the
entertainment sector, Sun Entertainment Culture Limited has been actively
expanding its entertainment-related businesses, covering film productions,
online films, concerts and other commercial performing arts. In 2021, Sun
Entertainment Culture Limited will expand its footprint in Southeast Asia
through its subsidiaries in Japan and Malaysia, and is also enthusiastically
preparing for the full recovery of the film industry this year. Currently,
productions of film and TV drama invested by the Group from last year have been
completed and are scheduled to be released in 2021, including “Limbo” starring
Gordon Lam, which is scheduled to participate in international film festivals,
“Dust to Dust” starring Gordon Lam and Da Peng, “Mom, Don’t Do That” produced
by and starring Alyssa Chia. In addition, Sun Entertainment Culture Limited
will be producing Macao’s first action and car racing film this year, with Han
Han as producer of the film. For the acclaimed films “SPL: Sha Po Lang” and
“Paradox”, production of the sequels “SPL III: War Needs Lord” and “Paradox II”
will also begin in 2021.

 

As Alvin Chau,
Chief Executive Officer and Director of Suncity Group stated, the tough year
2020 is now in the past. With the new COVID-19 vaccines being distributed
worldwide, the global economy is expected to soon recover, which will be
conducive to a strong growth of the motherland and Macao’s social, economic and
tourism sectors in 2021. At the same time, staying true to the core values of
patriotism, he understands that the prosperity of Macao and the country are
inextricably linked. In the future, Suncity Group will continue to look forward
to a prosperous future together with the country and Macao by vigorously
upholding and following the long-term direction of the country in all aspects.

 

High-resolution images can be downloaded in
the gallery:

https://dropbox.suncity-group.com/url/ztw4svj4hfr3hcs4

 

About Suncity Group

Suncity
Group was founded in 2007. Since establishment, Suncity Group has been striving
to provide the extraordinary VIP entertainment service for our guests, and we
then opened a number of VIP Clubs in various 6-star hotels and resorts
throughout Macau with the rapid growth of our business. Meanwhile, we
successively set up exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh
and Da Nang, etc.

 

Adhering to
the spirit of “Innovating With Diversity, Striving For Success”, Suncity Group
spared no effort to develop high-end entertainment services and products as
well as roll out global VIP loyalty program for the selected members to enjoy
entertainment, travel, catering services, luxury shopping and motion picture.
Today, the scope of our business covers most sectors, especially in the fields
of global travel, film production, concert and event planning, catering and
luxury goods.

 

As a Macau
born and bred enterprise, Suncity Group is not only devoted to develop the
Asian market, but also oriented to expand the global network. In the future, we
will surely continue to diversify our VIP entertainment services, attract more
exclusive members and make every effort to promote our business in every corner
of the world.

 

Official Website | www.suncitygroup.com.mo/en

Suncity Group Announces 2021 Outlook

- Advertisement -
Suncity Group Announces 2021 Outlook - Brand SpurSuncity Group Announces 2021 Outlook - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -
Suncity Group Announces 2021 Outlook - Brand SpurSuncity Group Announces 2021 Outlook - Brand Spur

Latest News

Achiko AG: Achiko concludes Phase 1 study of Project Gumnuts for Covid-19 testing

  • Completion of Phase 1 testing demonstrates 91% sensitivity and 85% specificity
  • Further optimisation studies are currently being performed and are expected to continue to improve results and match WHO standards
  • Next steps are completion of regulatory approvals and moving the technology to market as soon as possible


ZURICH, SWITZERLAND - EQS Newswire - 25 January 2020 - Achiko AG (SWX:ACHI, ISIN CH0522213468) along with Regenacellx.sl, announces the completion of their Phase 1 study, for the group's patent pending, nanoparticulate DNA aptamer conjugate and diagnostic testing technology, Project Gumnuts. Following a successful in vitro study conducted in 2020 by the University of Rovira, Tarragona, Spain, the current series of studies in Spain and Indonesia were conducted by ISGlobal (The Barcelona Institute for Global Health), and both Riau University and Madani Pekanbaru City District Hospital, respectively.


The study conducted in Barcelona involved translating the Rovira laboratory protocol into a clinical setting using the original prototype materials. A sample of 82 participants collected over 3 months and across a range of scenarios was compared and cross-referenced against positive and negative results obtained through RT-PCR. An initial manual read yielded a result of 80% sensitivity and 63% specificity. Subsequent application of software and machine learning yielded a result of 91% sensitivity and 85% specificity.


"We are encouraged by the progress of Project Gumnuts in the field", said Dr Michael Edel of Regenacellx.sl and Inventor of Project Gumnuts. "The chemistry offers possible advantages over other approaches especially in the areas of consumer experience, stability and cost and we're looking forward to the further development of the technology."


The ongoing studies in Pekanbaru, Indonesia are being conducted with both the original prototype conjugate (Barcelona study) and additionally with a new conjugate with applied improvements. To date, over 250 patient tests have been compared with results obtained through nasopharyngeal swabs with 20 to 30 more being performed each week. Using prototyping materials, the Indonesian team has successfully replicated results from Spain in the field in Pekanbaru: test results from 64 participants initially yielded 82% sensitivity and 63% specificity rates. After conducting further testing using improved pre-production materials and further improvements in software and machine learning, sensitivity and specificity could be improved and testing time was reduced to under 15 minutes. The Company expects further gains to be made in ensuing months.


"We're now moving quickly to get the technology into test kits and into and through approvals, and we believe that given the progress beyond the initial prototypes, we'll be able to deliver test kits which pass the WHO guidelines for sensitivity and specificity", said Steven Goh, CEO of Achiko AG. "We believe that as testing moves from point of care to point of need, the presence of the right testing technologies with the right consumer experience, available in large quantities and at the right price point, to customers at the right time, will contribute to successfully responding to and overcoming the impact of Covid-19 on society and do good in this world. That is what we're here for."

 

The issuer is solely responsible for the content of this announcement.

 

About Achiko AG

We harness ground-breaking science with innovative technology to create solutions that provide a great user experience for patients, physicians and governing bodies alike, leading ultimately to the transformation of the healthcare industry.


The current development of our patent pending diagnostic testing kit for Covid-19 (Project Gumnuts) provides an easy and effective way that enables people to obtain the information they need and require. Complemented by our mobile check-in app (Teman Sehat), we empower users to manage their diagnostic experiences on their own terms, safeguard their privacy, share experiences, obtain passport verification and find community.


Achiko holds exclusive commercialisation rights to the technology underlying Project Gumnuts from Regenacellex.SL. It may be used to detect all types of Covid-19, but also many other pathogens. Achiko is looking forward to the completion of regulatory approval and getting the technology to market as quickly as possible, applying it in an array of test kits and other assay formats.


Headquartered in Zurich, we have offices in Hong Kong, Jakarta, Singapore and Seoul.
http://www.achiko.com


About Regenacellx.sl


We are a regenerative medicine company working with expert clinicians and scientists in the field of stem cells and small chemicals to advance cell replacement strategies to regenerate damaged tissues of the human body. In response to the global Covid-19 pandemic, we are developing next stage technology in the testing and diagnosis of pathogens as simple kits for home use or point of care (PoC) for a range of human diseases including Covid-19.


http://www.regenacellx.com/


Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning Achiko AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.


Suncity Group Announces 2021 Outlook - Brand Spur

FTLife survey shows Hongkongers far less confident about retirement due to pandemic, while younger generation lacks wealth management knowledge

FTLife launches Prosperous Deferred Annuity Plan 2 for customers’ retirement need with tax deduction

 

  • In survey, 70% said they lack confidence in retirement due to pandemic, four times that pre-Covid level. Top three retirement worries are rising medical expenses (53%), lack of stable income (52%) and managing expenses (50%);
  • High market volatility arouses risk-adverse sentiment among Hongkongers. 37% of the respondents prefer to hold cash savings, especially for young people aged between 20 and 29 (62%). Around a quarter are more interested in capital guaranteed or low risk investment. Many people are re-examining their retirement needs, with 62% of the respondents expressing interest in subscribing to a qualifying deferred annuity plan in the coming year.
  • FTLife is launching Prosperous Deferred Annuity Plan 2, which is open to customers who are 20 years old or above. The guaranteed breakeven period is as short as eight years [1]and the range of total internal rate of return at maturity between 3.28% to 4.32% [2] , so as to encourage different customers, especially the younger generation, to start their retirement planning early for a better future.

 

HONG KONG SAR - Media OutReach - 25 January 2021 - FTLife Insurance Company Limited ("FTLife") commissioned a market research company to conduct "Retirement Planning and Confidence Survey" in December 2020. The survey interviewed 405 working adults aged 20 or above to understand how the pandemic affects Hongkongers' retirement planning, wealth management preference and behaviours.


Suncity Group Announces 2021 Outlook - Brand Spur

FTLife launches Prosperous Deferred Annuity Plan 2 (Prosperous 2) today. From now until 31 March 2021, customers who successfully subscribe to Prosperous 2 as well as one of the designated Voluntary Health Insurance Scheme plans or insurance plans (basic plan/rider) can enjoy up to 15% of first-year premium refund. The minimum issue age of Prosperous 2 is 20 years old and the range of total Internal Rate of Return at maturity can be up to 3.28% to 4.32%, helping customers achieve a stable and independent retirement life.


COVID-19 pandemic has deeply impacted the global economy. The survey revealed increased pessimistic about retirement among respondents since the start of the pandemic. Before the outbreak, around 16% said that they lacked confidence in retirement. During the pandemic, the number quadrupled to around 70%, illustrating how the pandemic has intensified Hongkongers' worries about retirement. The top three worries cited are rising retirement medical expenses (53%), a lack of stable income post-retirement (52%) and greater difficulty coping with retirement expenses (50%).

 

Younger generation fall short on mid- to long-term financial planning

 

About a quarter (24%) of the respondents said their investment awareness has improved due to the uncertain economy. However, two fifths (41%) are concerned about not making good investment decisions in the current volatile market owing to a lack of market and investment knowledge.

 

This is especially true among the younger generation. Half (52%) of the younger respondents (aged 20 to 29) said they lacked knowledge on investment products and nearly three fifths of them (59%) said they did not know how to do mid- to long-term financial planning. Almost three quarters (73%) said they have no regular saving habits.

 

Only 17% of those respondents aged 30 and over said they have no regular saving habits, with 40% saying they did not know how to do such financial planning. That said, about one-third (35%) of this group said that they didn't have enough knowledge about investment products.

 

Hongkongers increasingly risk-averse

 

Due to the volatile market and the pandemic, Hongkongers have become more risk-adverse leading to the adoption of more conservative investment strategies. Nearly two fifths (37%) of those surveyed prefer to hold cash savings, especially those aged between 20 and 29 (62%). A quarter (25%) of the respondents are more interested in capital guaranteed or low risk investment.

 

As the pandemic continues and dents Hongkongers' confidence in retirement, more respondents expressed their desire for a stable income in retirement (55%) and acknowledged that qualifying deferred annuity plan is a suitable first step of retirement planning (41%).

 

FTLife Chief Commercial Officer and Chief Product Officer Christine Yeung said: "Our latest survey found that Hongkongers' confidence in retirement dropped during the pandemic and many young people did not have regular saving habits. This may result in missing the best timing to save for retirement and to achieve the rolling effect of compound interest. Regardless of any economic cycle, it is best to plan retirement early. For Hongkongers with limited amount of capital and little investment experience, they can consider subscribing to a qualifying deferred annuity plan to start saving early. They can enjoy tax deductions while taking the first step to plan for retirement."

 

With regard to the public's retirement needs under the pandemic, FTLife further investigated the public's acceptance rate of a qualifying deferred annuity plan in the survey. The pandemic has prompted people to review their retirement protection needs. More than three fifths (62%) of the respondents are interested in subscribing to a qualifying deferred annuity plan in the coming year. The most attractive features of such a plan include: stable income in retirement (82%), regulatory supervision (53%), payment in installments involving smaller amounts (47%), tax deductions (45%), higher guaranteed cash value and lower investment risk (30%).

 

Minimum issue age of 20 for FTLife's Prosperous 2 helps customers plan ahead

 

In response to increasing public demand of worry-free retirement, FTLife is launching the Prosperous Deferred Annuity Plan 2 ( Prosperous 2) and setting the minimum issue age at 20 years old. This will allow customers to start their retirement planning at an early age and enjoy tax deductions at the same time.

Read Also:  Agnez Mo will join the stars at Madame Tussauds Singapore

 

Prosperous 2 is certified by the Insurance Authority as a tax-deductible qualifying deferred annuity policy, with options for Premium Payment Period and Accumulation Period. Customers can accelerate potential wealth growth through guaranteed cash value and non-guaranteed terminal dividend [3] . The guaranteed breakeven period can be as short as eight years1 and the range of total internal rate of return at maturity is between 3.28% to 4.32% 2 . During the annuity period, Prosperous 2 provides two extra protection that are exclusive [4] in the market: Travel Accidental Benefit and Terminal Illness Benefit.

 

Ms. Yeung added: "Prosperous Deferred Annuity Plan has been welcomed by customers since its launch. The enhanced version is being launched during this special period to meet market demand and provide Hongkongers with a simple but reassuring retirement plan. This is to encourage more people to plan their retirement ahead, benefit from compound interest return for a longer period, and utilise the best time to save for retirement. With the diversified Voluntary Health Insurance Scheme that FTLife offers, we are confident to provide customers of different ages an ideal retirement planning package, helping customers achieve a stable and independent retirement life while protecting capital and against health risks."

 

From now until 31 March 2021, customers who successfully subscribe to Prosperous 2 as well as one of the designated Voluntary Health Insurance Scheme plans or insurance plans [5] (basic plan/rider) can enjoy up to 15% of first-year premium refund [6] .


Important notes:

  • The information contained in this press release is intended as a general summary of information for reference only. For details, please refer to relevant product brochures and client incentive leaflet. Please refer to the policy provision for full terms and conditions about FTLife "Prosperous Deferred Annuity Plan 2".
  • This press release does not contain the full provisions of Prosperous Deferred Annuity Plan 2 and the above-mentioned designated insurance plans, and the full terms can be found in the Policy documents.
  • Prosperous Deferred Annuity Plan 2 and the above-mentioned designated insurance plans may be purchased as   a standalone plan without bundling with other type(s) of insurance product.
  • Prosperous Deferred Annuity Plan 2 is a qualifying deferred annuity policy, but this does not mean that the qualifying deferred annuity premiums paid by the policyholder and relevant persons are eligible for tax deduction. The nature of qualifying deferred annuity policy for this product depends on the product characteristics and the certification issued by the Insurance Authority, and not on the individual circumstances of the policyholder and related persons. Policyholders and the relevant persons should meet all eligibility requirements under the Inland Revenue Ordinance of the Hong Kong Special Administrative Region Inland Revenue Department before claiming tax deductions. For details on tax deductions, please visit Inland Revenue Department of HKSAR website www.ird.gov.hk and consult your tax and accounting advisors for tax advice.
  • FTLife does not provide any tax, legal or accounting advice or consultation. If you have any questions, please seek professional advice from your independent tax, legal and accounting advisors. The information in this press release does not constitute any tax advice.
  • For further details, please contact FTLife's Customer Service Hotline on +852 2866 8898.
  • This document is for distribution in Hong Kong only. It is not an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. FTLife does not offer or sell any insurance product in any jurisdiction outside Hong Kong, in which such offering or sales of the insurance product is illegal under the laws of such jurisdictions.



[1] Calculated based on the 5-year premium payment period and annual premium payment mode. Guaranteed break even period refers to the policy year that the guaranteed cash value is equal to or greater than the premium paid for the first time (refers to the total amount of premium(s) due and paid for the basic plan. If customer partially surrenders this Policy, the total premiums paid will be proportionately reduced.).

[2] Calculation of total internal Rate of Return at maturity includes Guaranteed Monthly Annuity Payment and Non-guaranteed Monthly Annuity Payment, and assumes that the Annuitant receives annuity payment on a monthly basis. Assuming the Annuitant is a 45 years old non-smoker male at application, 3.28% of total Internal Rate of Return at maturity is calculated based on 9-year premium payment period with monthly premium payment mode and 10 years of accumulation period. While 4.32% of total Internal Rate of Return at maturity is calculated based on 5-year premium payment period with annual premium payment mode and 30 years of accumulation period. This is calculated on a best estimate basis which is based on the current dividend scale and assume no cash withdrawal or policy loan during the entire policy and all premiums have been paid in full within the premium payment period. The current dividend scale does not reflect future performance and is non-guaranteed. Please refer to the policy provisions for details.

[3] Terminal Dividend is non-guaranteed and will be paid upon policy termination (except maturity) and partial surrender. Please refer to the policy provisions for details of Terminal Dividend.   

[4] The "Market Exclusive" item is the result comparing similar Qualifying Deferred Annuity Plan policies of major life insurance companies in Hong Kong, until 25 January 2021. During Annuity Period, under the protection of (A) Travel Accidental Benefit, disability of the Annuitant resulted from oversea accidents will be compensated and (B) Terminal Illness Benefit, the Annuitant is diagnosed with Terminal Illness will receive up to 12 months of additional installment payments, are both exclusive in the market .

[5] Voluntary Health Insurance Scheme Series: "TopCare" Medical Insurance Plan and "BetterCare" Medical Insurance Plan; other designated insurance plans include Regent Insurance Plan 2 Series, Regent Prime Insurance Plan (Premier), Regent Elite Insurance Plan (Premier), "HealthCare 168 Plus" Critical Illness Protector, MediGold Plus Insurance Plan and "On Your Mind" Insurance Plan.

[6] Subject to terms and conditions, please refer to the promotional brochure for details.

About FTLife Insurance Company Limited

FTLife Insurance Company Limited ("FTLife") is one of the most well-established life insurance companies in Hong Kong and a wholly-owned subsidiary of NWS Holdings Limited. Building on a history of more than 30 years in the territory, FTLife provides individual and institutional clients with a diverse range of insurance and wealth management products and services, including life, health, accident, savings and investment insurance. As a member of New World Group, FTLife works with diversified businesses within the Group to create synergies and provides customers with best-in-class life-planning solutions, from wealth management and succession to health, wellbeing and quality of life enhancement.

 

About "Retirement Planning and Confidence Survey"

FTLife Insurance Company Limited ("FTLife") commissioned a market research company to conduct "Retirement Planning and Confidence Survey" to understand how the pandemic affects Hong Kong people retirement planning, investment preference and behaviours. The survey was conducted in December 2020 to collect data from 405 working people aged 20 or above through street interviews. The survey mainly targets people with personal monthly income above HK$20,000.

Suncity Group Announces 2021 Outlook - Brand Spur

COVID-19 Crisis: How Digital Marketing Help Businesses Thrive Amidst the Pandemic

KUALA LUMPUR, MALAYSIA - Media OutReach - 25 January 2021 - At the time of writing, Malaysia's COVID cases have increased at an alarming rate with 42,397 active cases and 642 accumulative deaths, resulting in MCO implementation 2.0. Many small business owners and big enterprises are directly impacted by the unfortunate circumstances that come with the virus that alerted society globally in November 2019.


With a cumulative total of 95,612,831 cases and 2,066,176 deaths globally, this pandemic that has hit the world has changed society's norms and the infrastructure of businesses and marketing strategies. As it happens, COVID has pushed society into embracing a new world where social distancing is a necessity, with digital space becoming the primary channel to stay connected with the rest of the world population.


New marketing strategies are now vital for businesses to survive and thrive amidst these trying times. With COVID-19 living within society, changing how businesses and economic sectors run vigorously, small and big business owners are left to rethink their whole digital roadmap and business model to outmanoeuvre the pandemic.


Reevaluate Business Marketing Strategies


At its core, a good marketing strategy includes a deep understanding of the target market. Once that is figured out, the business brand and its marketing strategy can move towards fitting in with the target market's perspectives. The pandemic has called for a change in the market's infrastructure, so does the need for every business to redevelop a new and appropriate marketing strategy.


The first action to take to develop a new marketing strategy is reassessing and reevaluating the business's assets and messages from a different perspective. As we live in a world with high unemployment rates, economic and general anxiety, messages, and business marketing strategies need to be aligned with societal status and financial hardships.


Losing market share to the competition during this time will take a long time to build that volume back. Thus, it will all come down to the effective search marketing strategies in moving your brand and business forward and thriving amidst the pandemic.


Improve Communication Channels

 

Many businesses are forced to close during the pandemic, with survival depending on revamped services and digital alternatives. For businesses to rise above and stand out in a competitive and crowded digital space, an improved communication channel is vital.


As consumers move online, businesses must be in the digital space too. Focusing on digital marketing efforts like paid ads, search engine optimization (SEO), social media, and email marketing is essential to keep brands and businesses connected to the target market.


As far as business communication and marketing go during the pandemic, business owners and brands should now leverage on the opportunity to further connect with anxious markets and focus on the true relevance of products or services with the help of a digital marketing agency


Readjust Business Models

 

In the face of the COVID-19 crisis, fundamental changes in consumer behaviour, supply chains, and routes to market are knocking companies off balance. Responding to the pandemic has underscored leaders' need to accelerate agile ways of working and value chain transformation to help outmanoeuvre uncertainty.


Readjusting business models to be adaptive to the current economic situation is now vital. With a large portion of consumers currently active on social media, taking advantage, and focusing your business models and marketing efforts on the social media channels will drive a lot of customer engagement.


While businesses may not wholly replicate the services and experiences to offer in-person in the online world, proactive steps can be taken to keep consumers coming from a virtual perspective. Essentially, giving back to the community by giving helpful tools and thoughtful promotions can build brand awareness and loyalty.


Digital Marketing for Business to Survive the Pandemic


In these trying times where everything is uncertain, brands and businesses' best thing to do right now is to stay proactive. Start to adapt and readjust the brand's promotional strategies and take advantage of a digital marketing agency.


As a leading digital marketing agency in Malaysia, iMarketing helps businesses build up and stay connected with the rest of the world population with our personalised SEO Performance Audit and Analysis, website SEO optimisation, Facebook, and Google advertisements for better conversion rates.


Having a business digital marketing strategy that leans intensely on the community, relationships, and brand building with customers is vital to give them a reason to connect with your brands on a deeper level for strong brand loyalty.  Find a new business model and strategy, and give out a message that resonates with the community for the business to be in an excellent position to retain market share as economic activity across the country begins to reach its new capacity.


If brands and business owners are uncertain about how to survive and thrive during the pandemic or in need of a little help dealing with the company's crisis, reach out to iMarketing today for a free digital marketing consultation.


About iMarketing

iMarketing MY is a business unit of the privately owned Acme Commerce Sdn Bhd, established in 1989. Over the years, iMarketing has collaborated with top SMEs and MNCs to provide Digital Marketing Services such as Search Engine Optimization (SEO), Search Engine Marketing (SEM), Social Media Marketing (SMM), and Google Display Advertising.


Suncity Group Announces 2021 Outlook - Brand Spur

CityLand Education (Vietnam) Announces Partnership with VET by EHL

HO CHI MINH CITY, VIETNAM - Media OutReach - 25 January 2021 - Cityland Education (Vietnam) has signed with EHL Advisory Services to become a VET by EHL Licensed Center to train service-minded hospitality professionals ready to thrive in a shifting industry.


Cityland Education (CE) is thrilled to start the year 2021 with an exciting partnership with EHL, the best hospitality school in the world, which confirms our confidence in the tourism potential of Vietnam. By venturing into the education industry, Cityland is not only strengthening its position as a leading Vietnamese group but also fully engaging into its corporate social responsibility policy.


Cityland Education aims at offering the best educational and vocational programs available worldwide to the Vietnamese students and workforce. By bridging the gap between the job market needs and the education space, Cityland Education is looking forward to strengthening local skills, expanding career opportunities and enhancing Vietnamese people's lives.


The VET by EHL program is a blended skills training model based on the Swiss Competency Framework, regarded as one of the best education models in the world. It is characterized by a strong learning outcomes approach and a competence-oriented structure of training content. The curriculum emphasizes practical learning, designed to enable graduates to be work-ready upon completion.


As a VET by EHL Licensed Center, Cityland Education through its Hotel Academy Phu Quoc will offer 4 module-based Professional Diplomas and Certificates to students interested in fast-tracking or upgrading their career in hospitality: Kitchen, Service, Rooms and Hotel Administration.


The flexible program structure targets students and professionals at different levels in their career focusing on the application of skills through real-world learning and internships. All learning content is developed by EHL in Switzerland, encouraging a stimulating and interactive teaching style.


Our collaboration with EHL is a common answer to the current aspiration of the Vietnamese hospitality industry, and the service industry in general, to upgrade the skills of its professional workers and therefore improve our customers' experience while visiting our country.


Our upcoming Hotel Academy Phu Quoc will be the first training center owned by Cityland Education and licensed under the standards of VET by EHL. The Hotel Academy will follow VET by EHL's international requirements in terms of facilities and design and will comprise of more than 10,000sqm available to students. The learning environment will match VET by EHL's blended learning model and consist of:

  • a 50-room training hotel with 4 meeting rooms
  • 10 full-size classrooms and 16 half-size classrooms
  • 1 ballroom
  • 1 reception
  • 1 IT laboratory
  • 1 demonstration kitchen
  • 4 study rooms
  • 1 print shop and multimedia corner,   
  • 1 library
  • 1 bakery and 1 café bar
  • 1 main kitchen


The convenient location of the Hotel Academy Phu Quoc at only a 10-min drive from the international airport provides great accessibility for students and professionals flying in while being close to Long Beach and its numerous hotels and resorts.


Finally, Cityland Education views the current pandemic as an opportunistic time for students and professionals to improve and hone their skills as the travel & tourism industry is redefining its future. As a destination, Vietnam has been blessed with amazing landscapes, rich culture and exquisite cuisine which make us among travellers' top destination choices. We believe that with the right training and the integration of best practices, we will be able to provide an authentic and memorable experience with a whole new level of service.


Statement from VET by EHL


Mr. André Mack, Director & Deputy Senior Managing Director of EHL Advisory Services also shared his vision regarding the upcoming Hotel Academy Phu Quoc" EHL is delighted to partner with Cityland Group to establish the very first VET by EHL center in Vietnam. We believe that this partnership will set up a unique hospitality education community within the region by providing students with an education that upholds the highest international standards and EHL excellence and supports the local hospitality industry development. "


About CityLand

CityLand Investment Company Limited (CityLand) develops and operates a multi-industry business, which places real estate development at core. Our mission is to contribute to the creation of prosperous life for people through inclusive and high-class residences without compromising the quality of the environment. Sustainable and high-quality life for people is our strongest motivation. On a broader scale, we aim to bring sustainable values to the socio-economic development of Vietnam. We envision ourselves to become a trustworthy and leading brand in Vietnam's real estate industry and to enlarge our business scope to international market.


With such dedication and vision, CityLand embraces credibility, quality, integrity, commitment and community value as core values in our business philosophy and relationships with stakeholders. CityLand commits the highest quality on all CityLand branded properties while having strong focus on strategic and successful partnerships, and sustainable employment practices.


Throughout the years, CityLand has successfully developed many real estate projects such as CityLand Riverside, CityLand Garden Hills, CityLand Park Hills and CityLand Center Hills. Following the success we have achieved, we continue to grow and build our ongoing projects such as Forest Bay Phu Quoc, President Park, Dong Mai City...

CityLand has been continuing striving towards success and achieving significant recognitions such as Best Luxury Township Development 2020, Best Luxury Developer Southeast Asia 2018, Top 10 Vietnam's Largest Private Enterprise 2016-2017...

Cityland Education is the education arm of Cityland.


Vision: to contribute to Vietnam's peaceful future, social stability and economic growth by building the capacities of the next generation of Vietnamese students and professionals.


Mission: to offer the best curriculum and trainings available worldwide to our students so they can acquire the right skills to meet the employment market needs.

About EHL Group

EHL Group encompasses a portfolio of specialized business units that deliver hospitality management education and innovation worldwide. Headquartered in Lausanne, Switzerland, the Group includes:


EHL Ecole hôtelière de Lausanne is an ambassador for traditional Swiss hospitality and has been a pioneer in hospitality education since 1893 with over 25,000 alumni worldwide and over 120 nationalities among its students. EHL is the world's first hospitality management school that provides undergraduate and graduate programs at its campuses in Lausanne, Singapore and Chur-Passugg, as well as online learning solutions. The university of applied sciences is ranked n°1 by QS World University Rankings by subject and CEOWorld Magazine, and its gastronomic restaurant is the world's only educational establishment to hold a Michelin Star for two consecutive years.


EHL Swiss School of Tourism and Hospitality has been one of the leading hospitality management colleges for hotel specialists for 50 years. The College delivers Swiss-accredited federal diplomas of vocational education and training and of higher education in its 19th century spa-hotel in Chur-Passugg, Graubünden, to Swiss and international students from 20 countries.


EHL Advisory Services is the largest Swiss hospitality advisory company specializing in service culture implementation, business consulting, as well as the development and quality assurance of learning centers. EHL Advisory Services has offices in Lausanne, Beijing, Shanghai and New Delhi and has delivered mandates in more than 60 countries over the past 40 years.   

Suncity Group Announces 2021 Outlook - Brand Spur

Shopee unveils new initiatives to power the next phase of growth for brands and uplift the Shopee Mall experience

As e-commerce in the region accelerates, brands learnt new ways to attract and retain consumers at the first Shopee Brands Summit

 

SINGAPORE - Media OutReach - 25 January 2021 - Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, today unveiled a series of new initiatives and features for Shopee Mall[1], at the inaugural Shopee Brands Summit 2021, held at Andaz Singapore. The event saw Shopee's leadership team share the 2021 roadmap for brands to capture the next wave of growth in the region's US$172 billion[2] e-commerce market, as consumers shop and spend more online. Since launching Shopee Mall, orders have grown by 10 times, indicative of a growing consumer demand. Similarly, the ongoing impact of the pandemic on retail traffic has also driven more brands to expand their online businesses, with the number of official stores on Shopee Mall doubling in the past year. 


Suncity Group Announces 2021 Outlook - Brand Spur


In his welcome address, Chris Feng, Chief Executive Officer of Shopee said, "Shopee Mall is an integral part of our business, and we have a strong track record of helping brands to transit, grow and succeed online. Today, Shopee Mall houses more than 20,000 international and local brands, a four-fold increase from when we first launched in 2017. As opportunities in Southeast Asia's digital economy continue to flourish, we are committed to strengthening our support for brands to boost their online presence, drive sales and serve consumers better. We will also continue to innovate our platform, services and features to meet the ever changing needs of our consumers, delivering a seamless and fun shopping experience."


New programmes to help high-performing brands scale new heights

At the summit, Shopee announced the launch of two new programmes that aim to help top performing brands maximise their online growth potential. This includes the Regional Champion Brands Programme, a by-invite program comprising 16 brands who will receive priority support from Shopee in the areas of marketing, innovation and insights. These brands will receive exclusive access to Shopee's campaigns and new feature launches, as well as dedicated support to further grow their business.  

 

The second programme is the '100 Million Dollar Club', which challenges brands to achieve USD100 million in Gross Merchandise Value (GMV) within the year. The first ten brands to unlock this milestone will be rewarded with special perks, including privileged access to exclusive business insights, increased campaign exposure, media support and more.

New features and initiatives to empower brands


In addition to the two new programmes, Shopee will also be rolling out a series of new initiatives and improvements to help brands acquire new consumers, increase consumer retention and optimise their online performance. 

 

1)    Increasing brand awareness and reach among different consumer segments


This year, Shopee will be scaling up on its mega shopping events and brand collaborations to boost brands' online visibility and capture new consumers. This includes helping brands to reach new consumer demographics, such as the growing segment of affluent consumers shopping online for premium products. As such, Shopee will be scaling up its Shopee Premium offerings and campaigns and expanding its assortment to include more premium fashion and beauty brands.

To help fast-moving consumer (FMCG) brands capture a growing segment of online grocery shoppers, Shopee will also be ramping up on Shopee Mart, a one-stop shop that allows consumers to conveniently purchase a wide variety of groceries and personal care products. 

2)    Providing brands with more ways to connect and engage with existing consumers

 

In addition to helping brands reach new consumer segments, Shopee's suite of in-app engagement tools also allow brands to continuously connect and engage with existing consumers. For instance, Shopee most recently upgraded its popular Shopee Live feature to support co-streaming, which allows for more dynamic and interactive entertainment for viewers during brands' livestreams.

 

Shopee also introduced the Brand Membership program for brands to increase consumer retention by rewarding shoppers with loyalty points when they shop from brands' Official Stores on Shopee Mall. This encourages more frequent  purchase and deepens brands' understanding of their consumers' purchasing habits and references.

 

Finally, Shopee also provides brands with an extensive range of warehouse and  fulfilment support, allowing them to fulfil orders quickly and reliably all year round.  This translates to a more seamless shopping experience for consumers and in turn,  increased consumer satisfaction and likelihood of repurchase.

 

3)    Optimising brands' performance with enhanced data-driven tools

 

As the online space becomes increasingly competitive, Shopee is constantly upgrading its data-driven tools to empower brands to track, analyse and optimise their store performance. This includes an enhanced marketing and business data portal that provides brands with centralised access to market intelligence, product rankings, store traffic and more, giving them useful insights to guide decision-making and drive sustained growth.

 

Shopee Brands Awards 2021


To celebrate brands' milestones and achievements, Shopee also presented awards to ten brands for their outstanding marketing and commercial performance (refer to Appendix for full list of award categories and winners).

 

At the closing of the event, Ian Ho, Regional Managing Director and Head of Regional Brand Partnerships at Shopee, reiterated Shopee's commitment to brands, and said, "We are all gathered here today because we share the common goal and commitment to deliver the best shopping experience for our users and customers. With our strong and dedicated teams in each of our markets, Shopee is confident of taking brands to the next level in an increasingly digital-first world."

 

Download Shopee for free on App Store or Google Play Store.



[1] Shopee Mall is a dedicated space offering authentic products from thousands of renowned international and local brands, guaranteed by Shopee

[2] Google-Temasek-Bain, 'e-Conomy SEA 2020' projected that Southeast's e-commerce market will be worth US$172 billion by 2025

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region.

 

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region's digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

 

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea's other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea's mission is to better the lives of consumers and small businesses with technology.


Suncity Group Announces 2021 Outlook - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Suncity Group Announces 2021 Outlook - Brand SpurSuncity Group Announces 2021 Outlook - Brand Spur