Seplat announces appointment of Chief Financial Officer and Executive Director

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The Board of Directors of Seplat Petroleum Development Company Plc is pleased to announce the appointment of Mr. Emeka Onwuka as Chief Financial Officer and Executive Director of the Company, joining the Seplat Board with effect from August 1, 2020.

Mr. Onwuka has over 30 years’ experience in financial services within Sub-Saharan Africa. He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director/CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited.

Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria.

Mr Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria.

He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

Mr. Onwuka holds the Nigerian National Honour, Officer of the Order of the Niger (OON). The Board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the Company.

This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules.

Bride Price In Nigeria! History, Lists, Average Costs

Bride price is not a unique Nigerian tradition, but it has been honoured in Nigeria for centuries. For millions of Nigerian families, marriage is not considered real until a bride price is paid. Bride price is also a very controversial topic that has many vocal critics, but it is still followed by lots of Nigerian newlyweds and their families.

Here is everything you need to know about it.

1. What Is Bride Price?

Bride price is a Nigerian wedding custom. Bride price is often confused with a dowry, but they are essentially the opposites of a single notion. A dowry is a property the bride invests in marriage, and a bride price is a collection of goods a husband-to-be brings to the bride’s family. This usually happens after the marriage proposal and for many families, the bride price is an essential step of the marriage process. Refusal of the groom to pay the bride price may result in a cancellation of the wedding or the bride’s family refusing to take any part in the ceremony and accepting the marriage at all.

 

The concept of bride price has existed in Nigeria for as long as the institution of marriage itself. Over the years, society’s attitude towards the bride price has changed repeatedly. Bride price has even made its way into the official legislation in Nigeria. However, since the 2000s, there has been a shift in society. Now more and more activists are advocating against the bride price as a degrading practice for women. Still, the bride price is alive and well in every Nigerian region and it’s usually up to the bride, the groom, and their respective families to settle this issue.

2. Bride Price List

You probably won’t be surprised to find out that the bride price list can differ from region to region and even from family to family. Once the groom indicates his decision to marry a girl and she accepts the proposal, the bride’s family issues a bride price list that they expect to receive in order to grant permission to the marriage.

In some cases, the groom receives a bride price list divided into four categories: gifts for the grown daughters in the extended family, gifts for the male heads of the family, general gifts for the family, and symbolic cash gifts. The list of gifts in each category may differ, but these are the most common categories and goods included in a modern bride price list in Nigeria:

  • Clothing, which is usually given to daughters or as general gifts and can include blouses, wrappers, shoes, accessories, jewellery, wristwatches, and other items women typically wear.
  • Toiletries, which can be given under any category of gifts and usually include soap, shampoo, perfume, makeup, skincare products, body lotions, and even washing detergents.
  • Food and drinks, which are a major part of gifts to the male members of the family and general gifts. This category can include dozens of types of products, from palm oil, rice, salt, dried fish, and kola nuts to Guinness beer, cigarettes, and soft drinks.
  • Cash gifts, which you may need to give to any category of the gift recipients if they indicate their expectations in the price list.

3. Average Bride Price Cost

It’s nearly impossible to calculate the average bride price cost in Nigeria for just one reason: the bride price lists can be so diverse that one family will gladly accept a bride price worth 1000 while other families can expect the groom to go all the way. In general, the bride price cost is recommended to be under 100,000 and can be as low as 20,000-30,000. The idea is to make the groom demonstrate his serious intentions of marrying the bride, not deprive him of his life savings.

This article appeared first on Jiji

Countries With The Highest Number Of Billionaires! See Nigeria’s Position!

These days, when new business opportunities are appearing every day, there is no shortage of billionaires around the world. Overall, in 2020, there are 2,095 billionaires on the planet, which is less than in 2019, when there were 2,153 in the world.

Here are the 10 countries with the highest number of billionaires plus Nigeria’s position on the list.

10. France

With 39 billionaires, France is at the bottom of the top 10 list of countries with the biggest number of billionaires. The total net worth of French billionaires is $304 billion, and the richest person in the country is Bernard Arnault, the CEO of Louis Vuitton Moët Hennessy.

9. Canada

This year, Canada came a ninth of the list of the countries who have the most billionaires around the world. There are 44 billionaires living in Canada who have a total net worth of $143 billion. The top-earning billionaire in Canada is David Thomson, a media magnate and heir of a business empire.

8. United Kingdom

The United Kingdom is just one billionaire ahead of Canada with 45 billionaires in 2020. The UK also has a substantially higher net worth of its billionaires that reached $153 billion this year. The person with the biggest net worth in the United Kingdom is Leonard Blavatnik, a prominent investor.

7. Brazil

Brazil is a country of social contrasts and its relatively high number of billionaires only confirms it. With 45 billionaires, Brazil shares a spot with the UK, but the cumulative net worth of Brazilian billionaires is only $127 billion. The richest person in Brazil is Joseph Safra, the owner of an investment and banking empire.

6. Hong Kong

As one of the wealthiest countries in the world despite its small size, Hong Kong will hardly surprise anyone by making it to the top 10 list of billionaire countries. There are 66 billionaires in Hong Kong with a total net worth of $300 billion. Shau Kee Lee, a businessman and investor, is the country’s richest person in 2020.

5. Russia

Russia has one of the most controversial reputations among all countries on our list, but it didn’t prevent Russia from placing fifth on the list of countries with the highest number of billionaires. This year, there are 99 billionaires with a total net worth of $385 billion, and Vladimir Potanin, a prominent businessman, is the richest person in Russia.

4. India

Like Brazil, India has lots of social contrasts, but its 102 billionaires still look very impressive. The total net worth of all Indian billionaires is $313 billion. The title of the richest person in India goes to Mukesh Ambani, a business magnate with a highly successful conglomerate company.

3. Germany

Given how wealthy Germany is, its billionaire stats look tame in comparison to some other countries on our list. In 2020, there are 107 billionaires in Germany with a cumulative net worth of $447 billion. Beate Heister and Karl Albrecht Jr., the heirs of the Aldi empire, share the first spot on the list of Germany’s richest citizens.

2. China

Everyone is aware of China’s skyrocketing wealth over the past decades, which is why its second spot on the list of billionaire countries is not surprising at all. China has 389 billionaires with a total net worth of $1.2 trillion. Jack Ma, the founder of Alibaba Group, is the country’s richest person.

1. Unites States

China may have the most impressive economic growth, but the Unites States still confidently occupy the first spot among the countries with the highest number of billionaires. With 614 billionaires in total and $2.9 trillion of net worth among the billionaires, the United States looks unbeatable this year. The richest person in the US is Jeff Bezos, the founder of Amazon.

So where is Nigeria on the list of the countries with the biggest number of billionaires? In 2020, Nigeria placed 27th on the list of richest countries alongside Greece, Cyprus, Monaco, and Colombia. The three billionaires representing Nigeria are Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu.

This article appeared first on Jiji

SSA Equity Market in H2-2020: Wheezing from the impact of COVID-19

The performance of equity markets across the world was a tale of two quarters in H1-2020. This was as the outbreak of the COVID-19 pandemic in Q1-2020 spurred a broad-based risk-off sentiment while the synchronized injections of fiscal and monetary stimulus spurred a risk-on sentiment later in Q2-2020.

Despite the recovery in Q2-2020, major equity indices in the global, emerging and frontier markets remain below the water, still wheezing from the negative impact of COVID-19-induced selloffs.

Notably, all the six bourses under our coverage in SSA ended H1-2020 in the negative territories.

Looking ahead, we expect the overall interest in SSA equities to strengthen as more countries continue to ease lockdown policies and businesses begin to re-open.

Also, the low-interest-rate environment in the developed market, the continued rollout of monetary and fiscal monetary stimulus and our expectation for currencies within the region to strengthen as external as well as domestic conditions improve, should spur a renewed foreign.

United Capital Research

LASG Urges Lekki Property Owners to Comply with Master Plan or Face Statutory Enforcement

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The Lagos State Government has urged property owners and developers in Lekki, Ajah and Eti-Osa environs to comply with the Masterplan of the area or face statutory enforcement.

The Honourable Commissioner for Physical Planning and Urban Development, Dr. Idris Salako disclosed this on Thursday at Lekki, during a stakeholders’ meeting with property owners and developers in the axis to discuss seamless processing of Planning Permits, adding that owners and developers of property in the area must ensure voluntary compliance with the Master Plan for the area.
He explained that it is through compliance that the sanctity of the Revised Ikoyi/Victoria Island Model City Plan and Lekki Comprehensive Master Plan could be guaranteed, being the Operative Development Plan covering the area.
“You are to please note that the Approval Order of the Plans, as applicable, remain the only valid references for any developmental activity that can be carried out in this area until another review is conducted”, he said.
He warned that the deliberate contravention of the Approval Order, Extant Law and Regulations must stop as the Ministry would not allow the ugly trend of haphazard and illegal development to continue unabated.
While calling for the cessation of illegal dealings concerning the authorisation and documentation of buildings, the related sanction of which include demolition and prosecution, the Commissioner reiterated that the observed underhand deals in respect of building construction include non-adherence to Planning Permit; deliberate falsehood in the design drawings and construction of buildings after submission, prior to the grant of Planning Permit and the mandatory Stage Certification.
“Others are falsification of documents such as Mandatory Statutory Clearances, payment receipts and LIRS Tax Clearance as well as Fake Approvals in connivance with third parties, some of whom are the staff of the Ministry who are illegally engaged to provide ‘Administrative Protection’ instead of dealing with us directly through our formal channels”, he said.
He emphasised that the mentioned sharp practices among others were criminal offences liable for prosecution, saying that “This meeting is another golden opportunity for you to right the wrongs that had been done in order to avoid any public embarrassment which the statutory enforcements may cause to you and your distinguished personalities”.
“In this regard, you are enjoined to always endeavour to comply with all statutory requirements for the construction of your building, including obtaining Planning Permit from the Lagos State Physical Planning Permit Authority (LASPPPA) and Stage Certification from the Lagos State Building Control Agency (LASBCA)”, he said.
He advised property owners and developers to apply for Planning Permit from the LASPPPA District Office within the jurisdiction of their proposed development and explore the website https:// epp.lagosstate.gov .ng for all necessary information and guidance in this regard.
He said that the Ministry would endeavour to continue its stride to accelerate and intensify continuous public enlightenment and advocacy for the achievement of the T.H.E.M.E.S. Agenda.
Speaking in the same vein, the Special Adviser to the Governor on Urban Development, Mr. Ganiyu Adele Ayuba added that the role of the Ministry of Physical Planning and Urban Development was to ensure adherence to planning and bring about orderliness and sustainability in the built environment and urged the stakeholders to always do the needful by embracing the due process.
The Chairman, Lagos Inland Revenue Service (LIRS), Mr. Hamzat Subair reiterated that it was part of LIRS’ mandate to make income tax assessment on applications for Planning Permit, adding that the essence of taxation was to finance development.
The General Manager, LASPPPA, Tpl. Funmi Oshifuye; General Manager LASBCA, Engr. Biola Kosegbe and General Manager, Lagos State Urban Renewal Authority (LASURA), Tpl. Ajibike Shomade took turns to make presentations on the processes involved at their respective agencies.

Lagos Digital Party Event Rescheduled, New Date To Be Announced

The Lagos Digital Party, an initiative of the Lagos State Ministry of Tourism, Arts and Culture earlier scheduled to hold this Friday, 10th July 2020, has been postponed to a date that will be announced later.

The Commissioner for Tourism, Arts and Culture, Pharmacist (Mrs.) Uzamat Akinbile-Yusuf, who announced the postponement on Thursday, said that the decision was reached following her meeting with some Nigeria Musicians who had indicated their willingness to also participate in the event for wider mileage.

Commissioner for Tourism, Arts and Culture, Pharmacist (Mrs.) Uzamat Akinbile-Yusuf

“Some musicians paid a courtesy visit to the Ministry today to express their intention to collaborate with the State Government on the “Lagos Digital Party’ in order to make it a bigger event than earlier planned”, she stated.

Akinbile-Yusuf said that, although the Ministry initially planned to feature only Disc Jockeys at the event, the musicians which comprise of hip-hop artistes and Fuji singers insisted on contributing their quota to the digital event, thus necessitating the postponement.

The Commissioner stated that the postponement would also allow more Lagosians to be aware of the event aimed at repositioning the entertainment industry towards achieving a Greater Lagos.

Explaining the rationale behind the event, Akinbile-Yusuf noted that the event is a way of experimenting with the new normal in the entertainment industry, explaining that the Ministry wants to bring people out of depression, entertain Lagosians and also create awareness about the new normal in the entertainment industry.

She expressed regret for any inconvenience which the postponement may have caused Lagosians, especially those who were already looking up to the event, declaring that the virtual party promises to meet the entertainment needs of the populace.

She urged Lagosians not to be overwhelmed by the present situation across the world in respect of the COVID-19 pandemic, assuring that there is light at the end of the tunnel.

“Yes, I know that the situation out there is tough and very demanding but it is very instructive for us all to know that when there is life, there is hope and as such we should not allow our present circumstance to debar us from the better days that lie ahead”, the Commissioner said.

She expressed the hope that when the programme eventually holds at a later date, it will cheer up Lagosians, rekindle their hope and lift their spirit and soul from boredom and lukewarmness occasioned by the pandemic.

Sigh of Relief As CRR Refund and SWAP Maturities Inflows Boost Interbank System liquidity

FGN Bonds

The FGN bond market continued on a very sluggish note although with increased trading activities compared to yesterday. Market interest shifted from shorter-dated maturities to the long-end of the curve, especially on the 2034s and 2049s papers which saw most of the market actions, settling around 10.10% and 10.88% for most of the market trades. We also saw some supply in the 2026s maturity which initially offered 7.25% but lost 5pts to close the day at 7.30%. Subsequently, yield compressed by an average of c.7bps by the close of business.

We expect mixed sentiments in the final trade session of the week, with more actions from profit takers expected at the tail-end of the curve.

Treasury Bills

The OMO bills space remained bearish, with less aggressive offers despite the improvement in system liquidity. Contrary to the bullish expectations, we saw more volumes on offer across the OMO curve especially on the latest OMO issue 8th June bill which remained around the mid 6% level. This sustained bearishness caused yields to further expand by c.46bps across the benchmark curve compared to yesterday’s closing.

Contrary to OMO bills, we noted slight interest for longer-dated NTB bills especially for the July papers although very trades were consummated as offers stayed close to 2.10% level making it difficult to match much of the bids available at 2.50%.

We expect market bearishness to ease slightly with increasing interest, especially for the longer-dated OMO bills.

Money Markets

The interbank market heaved a sigh of relief, opening the day c.N102.33Bn positive as inflows of over N300Bn from CRR refund and SWAP maturities hit the system. This caused OBB and OVN rates to drop by 23.66% D/D. However, despite the inflows, most banks opted to remain at the SLF window rather than seeking funding from the interbank market.

We expect a further drop in rate tomorrow since the market does not expect any major debit to hit the interbank system at the close of the week.

FX Market

The USD/parallel and cash market closed 0.20% higher compared to yesterday as Naira depreciated by an average of N0.75K at both windows. However, in the I&E interbank window, we saw the Naira appreciate slightly by N0.25K albeit dollar scarcity perseveres causing trade volumes to remain low with bank staying bided for the most of the trading session.

Eurobonds

The NIGERIA Sovereigns strengthened today, although trading volumes stayed slim for the session. The bulk of the action was noted at the belly of the curve, especially on the 2031s, while yields compressed by an average of c.2bps across the sovereign curve. In the SSA space, the Angola papers pulled back some of the recent loses to outperform other SSA sovereign papers (Ivory Coast, Egypt and Ghana), as prices gained +25cents D/D on the 2025s.

The UBANL 2022s paper was the most active of the NIGERIA Corps tickers, as the yield on the paper weakened by approx. 10bps, while yields remained mostly unchanged on all other tracked papers.

MoneyGram Digital Growth Maintains Strong Momentum and Market Expansion Continues

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MoneyGram International, Inc. a global leader in cross-border P2P payments and money transfers, today reported 106% year-over-year digital transaction growth in June as strong consumer demand for its leading digital capabilities and the customer-centric app continues to grow. The company also announced the expansion of its consumer direct channel and online presence to Iceland.

“Our digital results once again highlight how consumers around the world are recognizing a ‘new’ MoneyGram that is delivering the best digital experience in the industry and providing a seamless connection to family and friends through our modern, mobile, and API-driven platform,” said Alex Holmes MoneyGram Chairman and CEO. “We’re especially encouraged by the stickiness of our digital customers who are remaining loyal to our brand, and we continue to focus on bringing our leading capabilities to more consumers in more markets.”

Each component of the digital business: MoneyGram Online, digital partnerships, and sends directly to a wallet or bank account contributed to the strong overall digital growth in June.

“In addition to the significant increase in digital transactions, our June results highlight how our digital business is helping the company return to revenue growth,” said Kamila Chytil, Chief Operating Officer and leader of the company’s digital business. “Our digital transformation has significantly improved every part of the company, and our agile investment approach continues to demonstrate results.”

93 Local Companies Recognised at The 9th “Consumer Caring Scheme” and Emerged Stronger

Customer-Centricity Becoming More Important in Times of Adversity

 

HONG KONG, CHINA – Media OutReach – 9 July 2020 – Creating
a seamless, consistent customer experience across physical & digital space
is more important than ever as online shopping prevails. Recognising local
organisations which demonstrate excellence in consumer care, the
9thGS1 Hong Kong’s
“Consumer Caring Scheme” awarded 93 local enterprises for delivering
their service promise. A total of 46 companies won the “Consumer Caring 5
years+” and “5 years” Award, showing their commitment to consumer care for 5
years or more in a row.

Consumers’ online spending has become all time high
today. As companies are placing greater emphasis in expanding their
omni-channel offerings, they are also striving to meet or even exceed their
service promise for convenience, value and experience. According to the survey report
“Tapping Into Smart Retail” jointly published by GS1 HK and KPMG, 45 percent of
C-level executives rank strengthening the customer journey as the top priority,
showing that businesses are betting on better user experience as a way to
retain customers, especially those from online, who are price sensitive and
have an ever-increasing choice of e-commerce providers.

“As
more consumers are shopping across multiple channels, commerce can mean
everything from a store, a smart kiosk, a website to an app, which has made it
more difficult for companies to maintain consistency and fulfilling customers’
demands. Only by continuous improvement in operation efficiency and fulfilling
commitment by delivering excellent services, can a company differentiate itself
from today’s cut-throat business environment.” said Anna Lin, Chief Executive
of GS1 Hong Kong.

Consumer
Caring Companies are those which can keep their pledge to offering the finest customer
journey. Judged based on seven core consumer caring values, including consumer
care, sincerity, commitment, product quality and safety assurance, service
quality, understanding consumer behaviours and caring for employees, the
winners are evaluated through on-site visits and consumer survey, in accordance
to the internationally-acclaimed scorecard based on the Efficient Consumer
Response (ECR). This year’s winners have all showed the effective use of
international standards, information technology, and the optimisation of operation
management to improve business processes to enhance consumer
satisfaction. (Please refer to the
Appendix for details)


“Congratulations
to the winners who have successfully uphold the motto of ‘consumers first’,
they are all role models of the industries in driving product and service
enhancement, bringing benefits to both brands and consumers,” said Anna. “No
matter what channels your business use to engage customers, exceptional customer
experience always champions in the end.”

For details, please refer to our website: https://www.gs1hk.org/industry-recognition/consumer-caring-scheme/overview.

Appendix

List
of recognised companies of Consumer Caring Scheme 2019

(in alphabetical order by brand or company name)

 

5 years + Awards

1

3M
Hong Kong Ltd

20

Linson
Global Seafood Trading Ltd

2

AQ
Bio Technology Group Ltd

21

Luk
Fook Holdings (International) Ltd

3

Autotoll
Ltd

22

Memorigin
Watch Co Ltd

4

Body-SOS

23

Morita
Biotech (HK) Co Ltd

5

Casablanca
Hong Kong Ltd

24

Nestlé
Hong Kong Ltd

6

Chan
Yin Kee Co Ltd

25

Okia
Optical Co Ltd

7

Cherry

26

Original
Taste Workshop Ltd

8

Chow
Tai Fook Jewellery Group Limited

27

Royal
Medic (Holdings) Ltd

9

Chuan
Chiong Co Ltd

28

SINOMAX

10

Colgate-Palmolive
(H.K.) Ltd

29

Super
Star Food Manufactory

11

CR
Care Co., Ltd

30

Swipe
(HK) Ltd

12

Danny
Catering Service Ltd

31

Swire
Coca-Cola HK

13

Eu
Yan Sang (Hong Kong) Ltd

32

Taste
of Asia Group Ltd

14

Forewide
Co (Retail) Ltd

33

Tiger
Mark (HK) Ginsengs Co Ltd

15

Giormani

34

ToolBox – a
Gilman Group Company

16

Harmonic
Health Pharmaceutical Co Ltd

35

Vitasoy
International Holdings Ltd

17

Health
Aims Organic Functional Product Specialty Shop

36

Wai
Yuen Tong Medicine Co Ltd

18

Hongkong
Post

37

Watsons Water

19

Hung
Fook Tong Holdings Ltd

 

 

5 Years Awards

1

CATALO

6

Tung
Chun Soy Sauce and Canned Food Co Ltd

2

FrieslandCampina
(Hong Kong) Ltd – FRISO

7

UA
Cinemas

3

Nu
Life International (Asia) Ltd

8

YesNutri

4

Nu
Skin Enterprises Hong Kong, LLC

9

Yummy
House International Ltd

5

Smartech

 

 

Award Winners (of 2 or more consecutive years)

1

95
International Co Ltd – La Raine

19

Kwok
Kam Kee (HK) Ltd

2

Amazing
Delights Limited – divine

20

Lee
Kum Kee

3

Bonjour
Holdings Ltd

21

Life
720 Company Limited – SDTL

4

Chaisentomg
Pharmaceutical Factory Ltd

22

Mainland
Headwear Holdings Ltd

5

China
Resources Vanguard (HK) Co Ltd – U select

23

MaxiPro
(Asia) Ltd –
Kakato Premium Pet Food

6

Come
In Enterprises Co Ltd – HOMEI

24

Mead
Johnson Nutrition (HK) Ltd

7

Crown Gas Stoves
(Holdings) Co Ltd

25

Okian
Optical Co Ltd

8

CSL
Mobile Limited

26

Pricerite
Home Ltd

9

Dah
Chong Hong Holdings Limited

27

Purepro
Water Hong Kong Limited

10

Deco
Classic Ltd

28

Tai
Wo Tung Medicine Co Ltd

11

eprint
Group Ltd

29

The
International Medical Co Ltd –
Citracium

12

FrieslandCampina
(Hong Kong) Ltd – OPTIMEL

30

The
International Medical Co Ltd –
Ricqles

13

Hair
Again 2000

31

UDomain

14

Harbour
Cruise — Bauhinia

32

Vitamin
Boost Global Ltd.

15

Hong
Kong Zihua Pharmaceutical Ltd

33

wishh!

16

Imperial
Parking (Hong Kong) Limited

34

Wyeth
(Hong Kong) Holding Co Ltd

17

Kai
Tak Cruise Terminal (managed and operated by Worldwide Cruise Terminals)

35

You
Beauty

18

KIWI
HOUSE

36

Zhong
An Ya (HK) Trading Ltd – U100

New Awardees

1

Baa
Baa Sheep Laundry

7

KOPEN
ELECTRICAL CO., LTD. — OMMI CARE

2

Casa
Republic (International) Limited – ITALO MODA

8

Man
Shun Cheong Enterprises Ltd

3

DSG
Energy Ltd

9

Opal
Cosmetics (Hong Kong) Limited

4

farmfresh330

10

Prime-Living
Limited

5

Imperial
Enterprises Holdings Limited

11

Reckitt
Benckiser Hong Kong Limited

6

In
Heart Employment Agency Limited

 

 

 

About GS1 Hong Kong

Founded
by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong is the
local chapter of GS1®, a not-for-profit, standards organisation that develops
and drives adoption of easy-to-implement global standards for business to
uniquely identify, accurately capture and automatically share vital information
about products, locations and assets. Headquartered in Brussels, Belgium, GS1
has over 110 national chapters in 150 countries.

GS1
Hong Kong’s mission is to empower business to grow and to improve efficiency,
safety, authenticity and sustainability across multiple sectors and facilitates
commerce connectivity through the provision of a full spectrum of platforms,
solutions and services based on our global standards. We provide a trusted
foundation for accurate, sharable, searchable and linkable data. Our EPC
standard lays the foundation for IoT, powering a range of IoT-based services
and applications. We are helping industry to meet the challenges of
omni-channel commerce and create a seamless customer experience. By engaging
with communities of trading partners, industry organisations, government, and
technology providers, we are fostering a collaborative ecosystem and aiming for
“Smarter Business, Better Life”.

Currently,
GS1 Hong Kong has around 8,000 corporate members covering close to 20
industries including retail consumer goods, food and food services, healthcare,
apparel, logistics as well as information and technology.

For
more information about GS1 Hong Kong, please visit www.gs1hk.org.

GSB Gold Standard Banking and SPREE FLUG Luftfahrt – “Take-off” despite Coronavirus

HAMBURG,
GERMANY – NEWSAKTUELL – 9 July 2020 – For 24 years the SPREE FLUG
has been flying passengers and freight throughout Europe in commercial air
traffic. Its strengths are its reliability, flexibility and professionalism.
Absolute priority in flight operations is the safety of passengers and their
satisfaction. The company’s quality assurance system meets the highest
standards.

Gold Standard Air and Logistics – Josip Heit – New York 07.07.2020

GSB Gold Standard Banking Corporation AG and SPREE FLUG – Airbus A320 Neo CJ VVIP – Josip Heit – New York USA – 07.07.2020

 

Their
aircraft are stationed at Berlin-Schönefeld Airport, the future BER (Berlin-Brandenburg
Airport “Willy Brandt”), and at Leipzig Airport. However, they are
hardly ever to be found there, as they rotate throughout Europe as part of an
“open base operation”, here especially for GSB Gold Standard Banking
Corporation AG, whose C-level-Managers also travel around the globe during
times of the coronavirus pandemic for their customers. SPREE FLUG focuses on
short distances to its customers, as flight requests have to be processed
promptly and, in line with the dynamics of the business, realised quickly.

 

The basis
for the success of this system is the independence of the operation from third
party providers in the planning of flights, which is especially appreciated by
Josip Heit as Chairman of the Board of GSB Gold Standard Banking Corporation AG
as a cooperation partner of SPREE FLUG, against the background of which
aircraft have currently been purchased which SPREE FLUG includes in its charter
portfolio. The procurement of flight permits, selection of flight routes,
preparation of flight schedules and all documents and records necessary for the
flights are comprehensively realised by a dedicated Operations Team (OPS)
within the company.

 

This enables
the airline to respond quickly, efficiently and cost-effectively to enquiries
and short-term changes, which ultimately reflects in customer satisfaction and
their booking decisions and is of essential importance, especially in the
current coronavirus pandemic. Customers of SPREE FLUG are cared for all around,
be it in the choice of the hotel, the pick up from the place of residence or
hotel to the airport or even in the organisation of the personal security of
the passengers.

And if an aircraft is required for the selection of the destination, which the
SPREE FLUG does not have itself against the background of the tonnage, no
problem. The aviation company has a worldwide network of partners who keep the
desired aircraft in stock, no matter if Airbus, Boeing or Global Express. The
necessary aircraft is organized so that the customer can travel to his
destination – reliably, punctually and relaxed, as owner and chief pilot Paul
Häusler assures the Chairman of the Board of GSB Gold Standard Banking
Corporation, Josip Heit.

 

The
employees in the SPREE FLUG team are highly motivated and technically competent.
When selecting the personnel, SPREE FLUG attaches great importance to strength
of character, loyalty, outward appearance and correct appearance towards the
customers in addition to professional qualification. SPREE FLUG invests a lot
of attention and the necessary time in the development of younger colleagues,
just like in a football team, where the next generation is often the seed for
success.

 

The fleet of
the SPREE FLUG Luftfahrt GmbH consists of aircraft which can fly to any place
on earth. Paul Häusler and Josip Heit rely on the latest technology for their
aircraft. The aircraft in the business jet sector of the Brazilian manufacturer
EMBRAER meet these requirements. They are innovative, powerful, reliable and
meet the highest standards of comfort. Apart from that, they can be operated
economically and also environmentally consciously, which is in the interest of
SPREE FLUG Luftfahrt GmbH.

 

For two
years now, the airline has been successfully operating the Aircraft type PHENOM
300 E, among others. Further aircraft of this type will be added in the current
year. In addition, it is planned to strengthen the fleet with the aircraft type
PREATOR 600. These aircraft are manufactured by EMBRAER and delivered brand new
to SPREE FLUG and GSB Gold Standard Banking Corporation AG. The SPREE FLUG will
then be able to fly destinations for the GSB Gold Standard Banking Corporation
AG within a radius of 7.400 km, so that routes like Berlin to New York will not
be a problem.

 

The time
under Corona is certainly a time with special demands. For Executive Aviation
it is a time of new possibilities. In this respect, travel by business people
in executive positions is becoming more individual. The time factor and
travelling in an environment where the risk of infection is minimised is
becoming more significant against this background, which is why tomorrow it
will be “We are ready to take off!