Sun Group (Thailand) Co., Ltd.’s No Antibiotics Ever and Herb Fed Chicken Honored at the International Innovation Awards 2019 in Singapore

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SINGAPORE – Media
OutReach
 – 19 December 2019 – Enterprise Asia
announced the winners of the International Innovation Awards 2019 in Singapore.
Thirty-five products, services and organizations are named as award winners
from over 160 submissions.

 

“There are not
conventional ‘innovations’. When we set out to identify winners of the International
Innovation Awards, our goal is to present a broad spectrum of innovations that
could spur greater innovation in the recipients’ respective countries and
industries. Just as innovation itself is continuously self-redefining, the
awards are meant to promote continuity in innovation”, said Dato’ William Ng,
president of Enterprise Asia.

 

Among the notable
recipients are Malaysia’s AIA Bhd, Taiwan’s HIWIN Technologies Corp., Singapore’s Olam
International Ltd., Philippines’ Unilever, Indonesia’s PT MRT Jakarta, and
United Arab Emirates’ Roads and Transport Authority and Vietnam’s Tan Hoang
Minh Group.

 

Organized
annually by Enterprise Asia, the International Innovation Awards is among the most
coveted global awards for innovation and aims to recognize best innovations in
the categories of Product, Service & Solution, and Organization &
Culture. This year’s judging panel include Martin Daffner, founder of Innobrix,
Professor
Nadia Thalmann of Nanyang Technological University, Professor Natcha Thawesaengskulthai
of Chulalongkorn University, Makoto Shibata of FINOLAB, The FinTech Center of
Tokyo and Anna Simpson of Flux Compass.

 

“These
are the trailblazers of our world. Beyond the obvious commercial value, these
innovations are what would power the world forward, individually and
collectively. I hope that more companies and organizations would realize that
constant innovation is not a luxury, but necessity”, says Ng.

About Sun Group (Thailand) Co., Ltd.’s No Antibiotics Ever and Herb Fed Chicken

Sun Group
(Thailand) Co., Ltd. is a world-class pioneer on No Antibiotics Ever and Herb
Fed chicken. Sun Group (Thailand) Co., Ltd. and 16 affiliated companies are
operating over 30 years of whole supply chain of poultry production in Thailand
with the revenue of $600 million and 180,000 metric tons (MT) of chicken
produced per annum.

 

Surprisingly,
100% of their chicken is No Antibiotics Ever and Herb Fed since 2015. The Company
has been significantly investing in research on how to use herbs for animals,
slow growing programs, farm equipment, natural- like management programs, new
innovations, which enable Sun Group to provide distinct chicken that is more
tender, tasty and has better meat quality at competitive price.

About Enterprise Asia

Enterprise Asia strives to create an Asia that is rich in
entrepreneurship as an engine towards sustainable and progressive economic and
social development reinforced by its strong pillars of: Democratizing
Entrepreneurship, Institutionalizing Sustainability and Empowering Innovation.


About International Innovation Awards

The International Innovation Awards is an annual regional
recognition program that recognizes outstanding innovations, and in the
process, encouraging organizations to continue investing in innovations. For
more information on the International Innovation Awards 2019, please visit www.innovationaward.org

HIWIN Technologies Corp.’s HIWIN Robotic Gait Training System Honored at the International Innovation Awards 2019 in Singapore

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SINGAPORE – Media
OutReach
 – 19 December 2019 – Enterprise Asia
announced the winners of the International Innovation Awards 2019 in Singapore.
Thirty-five products, services and organizations are named as award winners
from over 160 submissions.

 

“There are not
conventional ‘innovations’. When we set out to identify winners of the International
Innovation Awards, our goal is to present a broad spectrum of innovations that
could spur greater innovation in the recipients’ respective countries and
industries. Just as innovation itself is continuously self-redefining, the
awards are meant to promote continuity in innovation”, said Dato’ William Ng,
president of Enterprise Asia.

 

Among the notable
recipients are Malaysia’s AIA Bhd, Taiwan’s HIWIN Technologies Corp., Singapore’s Olam
International Ltd., Philippines’ Unilever, Indonesia’s PT MRT Jakarta, and
United Arab Emirates’ Roads and Transport Authority and Vietnam’s Tan Hoang
Minh Group.

 

Organized
annually by Enterprise Asia, the International Innovation Awards is among the most
coveted global awards for innovation and aims to recognize best innovations in
the categories of Product, Service & Solution, and Organization &
Culture. This year’s judging panel include Martin Daffner, founder of Innobrix,
Professor
Nadia Thalmann of Nanyang Technological University, Professor Natcha Thawesaengskulthai
of Chulalongkorn University, Makoto Shibata of FINOLAB, The FinTech Center of
Tokyo and Anna Simpson of Flux Compass.

 

“These
are the trailblazers of our world. Beyond the obvious commercial value, these
innovations are what would power the world forward, individually and
collectively. I hope that more companies and organizations would realize that
constant innovation is not a luxury, but necessity”, says Ng.

About HIWIN Technologies Corp.’s HIWIN Robotic Gait Training System

HIWIN Robotic
Gait Training System MRG-P100 is designed with physical therapist in assisting
their daily practice on early rehabilitation. All the key function is innovated
from user needs, including using a unique three- point body weight support to
keep the patient upright, which provides a comfortable training environment and
only takes less than 3 minutes to set up for early stage walking
rehabilitation. Combination of the three-point support and lower limb
exoskeletons further improves the training intensity and posture of walking.
The intelligent software monitors vital sign of the patient during training.
When the value of blood pressure, heart rate or pulse oximetry is abnormal, the
device will pause the training session and send a warning message to ask the
therapist to check the status of the patient. In addition, a patented
spasticity detecting method was developed to prevent overstretching when
spasticity occurs.

 

HIWIN Robotic Gait
Trainer MRG-P100 not only makes early stage walking rehabilitation easier, but
also encourages the confidence of the patients. It enables the walking ability
impaired patients to experience the feeling of walking again, which usually
helps patients develop a positive attitude toward rehabilitation and achieves
optimal recovery.

 

HIWIN MRG-P100
standouts among other similar products in the market with innovative design, it
features:

 

  • Simple and Cost-effective Therapy

HIWIN
Robotic Gait Training System MRG-P100 requires only one therapist to perform
therapy sessions. With assistance of the therapist, a patient can be moved
safely and quickly onto and from the trainer. The training system is
inexpensive and affordable to most rehabilitation centers, which benefits wider
ranges of patients in the community.

 

  • Patented “Non-Suspension Support System”

HIWIN
Robotic Gait Training System MRG-P100 is an electromechanical orthotic device.
The exoskeleton extended footplates and the support design on the knees, hip,
and belly makes the patient stably stands while training, which is the most
unique feature among other trainers. The patented support system also functions
additional weight bearing exercises while gait training.

  • Intensive but Safe

HIWIN
Gait Training System MRG-P100 changes traditional physical training into
automation rehabilitation. Through repetitive and reliable practice, the
training sessions can be precisely implemented and also easily adjustable
according to patients’ actual conditions.

  • Better Rehabilitation Experiences

HIWIN
Robotic Gait Training System MRG-P100 features virtual reality to interact with
patients. Visual feedback motivates patients to go into self-training and
further achieve better results from scenario guidance and instructions.

  • Remote Monitoring System

HIWIN
Robotic Gait Training System MRG-P100 is network compatible for remote
monitoring. All HIWIN rehabilitation products can be registered to a remote
platform and all training records stored will be transmitted for physical
therapists’ evaluating on training performance.

About Enterprise Asia

Enterprise Asia strives to create an Asia that is rich in entrepreneurship
as an engine towards sustainable and progressive economic and social
development reinforced by its strong pillars of: Democratizing
Entrepreneurship, Institutionalizing Sustainability and Empowering Innovation.


About International Innovation Awards

The International Innovation Awards is an annual regional
recognition program that recognizes outstanding innovations, and in the
process, encouraging organizations to continue investing in innovations. For
more information on the International Innovation Awards 2019, please visit www.innovationaward.org

Citibank Partners with AlipayHK to Launch Points Conversion Program Driven by Open API Technology

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Direct Redemption of Citi Credit Card
Points for AlipayHK Coupons

Enjoy Reward up to HK$180 for Paying Bills
with AlipayHK


HONG KONG, CHINA – Media OutReach – 19 December
2019 – Citibank and AlipayHK announced today the launch of a points conversion
program enabled by Open API technology. Under the program, customers with an
AlipayHK e-wallet can redeem AlipayHK Coupons with points earned through Citi
credit card. The coupons are accepted by all AlipayHK partner merchants at
their physical stores and can be used for bill payment and other services made
through the AlipayHK App.

Points conversion has never been more convenient or faster. By linking
a designated Citi credit card to their AlipayHK account and authorizing the
Citi Points conversion program, customers can check the balance of Citi Points
on the related page in the AlipayHK App and use such Citi Points instantly to redeem
for AlipayHK Coupons in order to enjoy discounts. With AlipayHK covering a
growing number of local partner merchants and bill payment services, Citi credit
cardholders will find this Citi Points conversion program even more handy and rewarding.

Simply follow the steps below for Citi Points conversion:

1. Login to the AlipayHK App and link a designated Citi credit
card to your account1;

2. Authorize the Citi Points conversion program and enter the mobile
phone number registered with Citibank to obtain a one-time password for one-off
identity verification;

3. Select the number of AlipayHK Coupons to be redeemed;

4. After redemption, you will receive a confirmation notice and
can use the AlipayHK Coupons instantly.

The minimum aggregate value of AlipayHK Coupons that can be
converted under each redemption is HK$100 and the maximum aggregate value of
AlipayHK Coupons that can be converted by the same AlipayHK account per day is HK$1,000.
The face value of each AlipayHK Coupon is either HK$50 or HK$20. It can be used
at AlipayHK’s partner merchants’ physical stores, for AlipayHK’s bill payment
and other services when customers make a single net spending at or exceeding
HK$51 or HK$21 respectively with AlipayHK e-wallet.

Lawrence Li, Head of Cards and
Unsecured Lending at Citibank Hong Kong, said, “Since Citibank became the first bank in
Hong Kong to make available APIs for the developer community in 2017, we have
been working with different business partners to build a comprehensive digital
ecosystem that fits our customers’ daily lives. Through the application of Open
API technology, we are pleased to partner with AlipayHK to enhance customer experiences
in electronic payment and credit card points conversion, providing a flexible way
to spend and pay in line with the preference of the local consumers.”

Ms. Jennifer Tan, Chief Executive
Officer of Alipay Payment Services (HK) Limited (APSHK), said, “We are pleased to work with Citibank on API
project to provide AlipayHK users with more diversified and personalized
consumption means in order to enrich the one-stop lifestyle platform. In
future, we will continue to explore other possibilities of Open API for users.”

Exclusive offer for Citi credit cardholders:
Up to HK$180 reward for bill payment with AlipayHK


In addition to using Citi Points to redeem for AlipayHK Coupons,
Citibank customers can also be rewarded with AlipayHK Coupons worth up to
HK$180 when they pay bills through with a designated credit card2
linked to their AlipayHK e-wallet from now until January 31, 2020. Details as
follows:

Reward 1 — Receive
up to HK$80 worth of AlipayHK Coupons through bill payment

  • First-time bill payment users3
    will receive a HK$80 AlipayHK Coupon4 when they pay a bill with
    a designated Citi credit card2 through the AlipayHK e-wallet. The
    HK$80 AlipayHK Coupon received can be used for a single net bill payment
    of HK$160 or above through the AlipayHK e-wallet.
  • Users with a previous record of bill
    payment through AlipayHK will receive a HK$40 AlipayHK Coupon4
    when they make a bill payment with a designated Citi credit card2
    during the promotion period. The HK$40 AlipayHK Coupon can be used for a
    single net bill payment of HK$80 or above through the AlipayHK e-wallet.

Reward 2 — Receive HK$100
worth of AlipayHK Coupons from designated merchants

  • Users with designated Citi credit
    cards2 will receive two additional HK$50 AlipayHK Coupons6
    by paying the selected electricity charges or telephone fees5 with
    their designated Citi credit cards. To use such AlipayHK Coupons, users
    must activate and authorize the Auto-Debit service in AlipayHK e-wallet
    for the first time and select a designated Citibank credit card as payment
    source. Thereafter, the AlipayHK Coupons can be used to settle a single
    net autopay transaction of HK$100 or more through the AlipayHK e-wallet.
    7

Please visit the website citibank.hk/alipayhk for information
about the Citi Points conversion program.

Please visit citibank.hk/alipayhk for more details about the
offer and other terms and conditions.

Notes:

1 Only applicable to Principal Cardholders of
Citi Ultima Card, Citi Prestige Card, Citi PremierMiles Card, Citi Rewards Card
(except Citi Rewards UnionPay Card), Citi Gold Card and Citi Classic Card
issued by Citibank (Hong Kong) Limited.

2 The promotion only applies to holders of Citi Credit
Cards (except Citi Cash Back American Express® Card and Citi Rewards UnionPay
Card) issued by Citibank Limited who are also AlipayHK users. Citibank will use
the records it maintains to determine whether customers are eligible to
participate in the promotion and verify any spending transactions.

3 Only applicable to Citibank customers who have never
used bill payment services provided by AlipayHK.

4 The AlipayHK Coupon will be credited to the customer’s
AlipayHK App account within two working days after the bill has been
successfully paid. The AlipayHK Coupon for bill payment is valid for 90 days.

5 Only applicable to settlement of bills to merchants
by autopay. Merchants accepting automatic payment include CLP Power, Hongkong
Electric, and 3 Hong Kong. The merchant list will be updated regularly. Please
visit https://render.alipay.hk/p/c/citibank for the latest information.

6 The AlipayHK Coupon will be credited to the customer’s
AlipayHK App account within two working days after the bill has been successfully
paid (The AlipayHK Coupon for customers who have successfully paid the bill
before December 24, 2019 will be credited to their AlipayHK App account by
December 27). The AlipayHK Coupon for automatic payment is valid for 150 days.

7 Reward 2 is only applicable to customers who have never
successfully activated the automatic payment service and who pay bills during
the promotion period to merchants accepting automatic payment (including CLP
Power, Hongkong Electric and 3 Hong Kong). Only one AlipayHK Coupon can be used
per transaction.

About Citi

Citi, the
leading global bank, has approximately 200 million customer accounts and does business
in more than 160 countries and jurisdictions. Citi provides consumers,
corporations, governments and institutions with a broad range of financial
products and services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services and wealth
management.

Additional
information may be found at www.citigroup.com | Twitter: @Citi | YouTube:

www.youtube.com/citi
| Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi |

LinkedIn:
www.linkedin.com/company/citi.

About AlipayHK

The
electronic wallet is operated by Alipay Financial Services (HK) Limited and
supervised by the Hong Kong Monetary Authority. Alipay Payment Services (HK)
Limited (APSHK) is a joint venture established and managed by the CK Hutchison
Holdings Limited, a multinational conglomerate spanning over 50 countries and
Ant Financial Services Group, a leading global technology and financial
services company and parent company of “Alipay”. For more details, please
browse AlipayHK’s website at
www.alipayhk.com.


Currently,
over 50,000 local retail outlets have supported electronic wallet for payment,
covering large chain stores, convenient stores, drugstores, supermarkets, wet
markets, taxies, restaurants and others. Features of electronic wallet include
payment on Taobao and TMall, P2P transfer, remittance, electricity payment,
telecom payment, entry tickets and F&B vouchers for The Racecourse,
purchase of insurance products offered by third party, e-coupons, etc, making
Hong Kong residents’ lives more convenient by integrating mobile payment into
daily lives.


Extra Space Asia Opens Its 10th Facility in Singapore

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SINGAPORE – Media OutReach – 19th
December 2019 – Extra Space Asia, a pioneer in the self-storage
industry in Asia, celebrated a milestone by opening its 10th
facility in Singapore this week. The new facility is strategically located at
Toa Payoh, and is easily accessible via public transport. Extra Space Toa Payoh
spans over 50,000sqft with 6 floors, and has a variety of storage types
available for personal, business and even wine storage.

Based on data from Urban Redevelopment Authority (URA), as home prices
in Singapore hit a record high over the past 5 years, where the private
residential property index increased by 0.9 per cent to 152.2 points in the third
quarter of 2019[1], living
spaces are fast becoming an increasingly sought-after luxury for many.

Serving the growing
demand for Self-Storage

To that end, the self-storage pioneer seized the timely opportunity to
acquire its fellow competitor, Store 11 Self Storage. The continual expansion
has always been part of the strategic plan to meet the increasing demand for
storage space.

“Extra Space Asia is delighted and honored to launch its 10th
facility in Singapore. We are determined to ensure that our customers are
living life the way it should be, free of the stress that is brought upon by
clutter and the lack of space,” said Extra Space Asia’s CEO, Mr. Kenneth
Worsdale. “With our state-of-the-art security systems in place, we hope to give
our customers peace of mind knowing that their belongings are safe with us.”

As more companies are springing up in the self-storage industry, Extra
Space Asia aims to stand out by emphasizing on the element of human touch. “We take
great pride in ensuring that all our customers enjoy a seamless storage
experience,” said Mr. Worsdale.

With continuous expansions in sight, Extra Space Asia shows no signs of
slowing down in deepening its footprint in the region. Plans are underway to
launch Extra Space Asia’s 4th facility in Malaysia in 2020, amongst
ongoing developments in South Korea, Taiwan, Hong Kong and Japan.

Extra Space Toa Payoh is located at 11, Block D Lor 3 Toa Payoh, #01-42, 319579.



[1] Urban Redevelopment Authority. (2019, July 1). URA releases flash estimate of 3rd Quarter 2019 private residential property price index. Retrieved from https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr19-42

 

About Extra Space Asia

Extra Space Asia is Asia’s leading self-storage provider offering self-storage facilities and services to individuals, families, and businesses in densely populated Asian cities facing space constraints. Extra Space Asia operates 45 facilities across Singapore, Malaysia, South Korea, Taiwan, Hong Kong and Japan, encompassing over 1.5 million square feet of space. For more information, visit Extra Space Asia at https://www.extraspaceasia.com.sg/

12 Innovative Thai Products, Services and Organizations Honoured International Innovation Awards 2019 in Singapore

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SINGAPORE – Media OutReach – 19 December 2019 – Enterprise Asia
announced the winners of the International Innovation Awards (IIA) 2019 in
Singapore. IIA is among the most coveted global awards for innovation, and aims
to recognize best innovations in the categories of Product, Service &
Solution, and Organization & Culture. Thirty-five products, services and
organizations are named as award winners from over 160 submissions.

 

Among the
notable recipients are Malaysia’s AIA Bhd, Taiwan’s HIWIN Technologies Corp.,
Singapore’s Olam International Ltd., Philippines’ Unilever, Indonesia’s PT MRT
Jakarta, Thailand’s Thai Beverage Public Company Limited and United Arab
Emirates’ Roads and Transport Authority.

 

This year, Thailand
emerged as the biggest winner with a total of twelve propelling winning innovations.
Thai Beverage Public Company Limited, who is
awarded under the Organization & Culture Category showcasing its winning
innovation ‘C asean’, a collaborative platform for sustainable development in
which not only engage people but also create networks and eco-systems for collaboration.
Furthermore, Bangkok Dusit Medical Services is honoured in the Service & Solution
Category with BDMS Emergency Services (BES), an emergency medical mobile
hospital, providing prompt treatment for accident victims or those in critical condition. Metropolitan Waterworks Authority (MWA) Thailand’s
recognition of ‘Chlorine Next’, a user-friendly mobile application invented to
be used as a single control point for chorine dosing in water distribution
system is also accredited in the Service and Solution Category.

 

Further distinguished Thai winners from the Product Category are Aiyara Planet Co., Ltd. with AIYARA CASHEWY, Fractal-Thailand Co., Ltd. with FRACTAL SHADE, Mommylicious 24 Co., Ltd.
with Mommylicious Juice – Super Huaplee Plus, Nature Idea Co., Ltd. with La
Vita Vital Bright Facial Serum, Sun Group (Thailand) Co., Ltd. with No Antibiotics Ever
and Herb Fed Chicken, Verena International Co., Ltd. with Nutroxsun.
Leading the Service & Solution Category Thai winners are Beyond Laboratory
Co., Ltd. with Beyond Great Service Systems, MICE & Communication Co., Ltd.
with Bangsaen21 Face Search Technology, Zarina Group Public Company Limited
with THONGMA Gold Saving by ZARINA.

 

“There are
not conventional ‘innovations’. When we set out to identify winners of the IIA,
our goal is to present a broad spectrum of innovations that could spur greater
innovation in the recipients’ respective countries and industries. Just as
innovation itself is continuously self-redefining, the awards are meant to
promote continuity in innovation”, said Dato’ William Ng, president of
Enterprise Asia.

 

This year’s
judging panel include Martin Daffner, founder of Innobrix, Professor Nadia Thalmann of Nanyang Technological
University, Professor Natcha Thawesaengskulthai of Chulalongkorn University,
Makoto Shibata of FINOLAB, The FinTech Center of Tokyo and Anna Simpson of Flux
Compass.

 

IIA 2019 is
supported by Singapore Tourism Board through Singapore Exhibition &
Convention Bureau, Eastern European Chamber of Commerce (Singapore), The
Coordinating Secretariat for Science, Technology and Innovation (COSTI) under
the Ministry of Science, Technology and Research, Sri Lanka, Malaysian
Investment Development Authority (MIDA), Ministry of Energy, Science,
Technology, Environment & Climate Change (MESTECC), Malaysia, Malaysian
Global Innovation & Creativity Centre (MaGIC), National Institute of
Entrepreneurship and Innovation (NIEI), Royal of Cambodia, Singapore Malay
Chamber of Commerce & Industry (SMCCI) and Singapore-Thai Chamber of
Commerce.

 

For more
information on the International Innovation Awards 2019, please visit www.innovationaward.org

About Enterprise Asia

Enterprise
Asia strives to create an Asia that is rich in entrepreneurship as an engine
towards sustainable and progressive economic and social development reinforced
by its strong pillars of: Democratizing Entrepreneurship, Institutionalizing
Sustainability and Empowering Innovation.


About International Innovation Awards

The
International Innovation Awards is an annual regional recognition program that
recognizes outstanding innovations, and in the process, encouraging
organizations to continue investing in innovations.

3 Ways To Boost Your Holiday Sales in Africa

It’s the busiest time of the year in Africa: the holiday season. With holiday season consumer spending up, retail sales are expected to pick up. It is the most challenging time for brands as they deploy marketing ideas to maximize return.

To help you boost sales this holiday season and beyond, we’ve unpacked the latest consumer trends and three key opportunities across Sub-Saharan Africa.

Be ready for the last-minute rush

Across markets, consumers are planning to shop for the holiday in December or later, it means that you should expect a last-minute rush to get the gifts and purchases.

Our research found that this year, 6 in 10 (59%) Africans will do their holiday shopping in December or later, up from 47% in 2018. This trend is sharpest in countries with slower economic growth, showing that consumers are becoming savvy shoppers, for example, 90% of South Africans said they will complete their holiday shopping in December or Later.

The last-minute rush can be a headache and a missed opportunity for marketers who are not prepared. To capitalize on this opportunity, marketers should provide a quick and efficient in-store shopping experience.

Here are a couple of ideas to help you be ready:

• Hit the right price point

• Intensify your sales and promotion close to December 20th

• Train your staff on products so you can provide recommendation and advice

• Add more cash registers to speed the payment process

Focus on offline marketing

Don’t get distracted with digital marketing, Africans are still shopping offline. Our research found that 6 in 10 (61%) consumers say they will spend over 60 percent of their holiday budget offline (in supermarkets, malls, and local markets), while 3 in 10 (34%) say they will spend over 60 percent of their budget online (mostly on mobile). Despite the benefits of online shopping, the reality is consumers are still going to stores during this holiday season.

Here are a couple of ideas to help you be ready:

• Set up your in-store advertising and promotion

• Enhance your product placement within the store

• Provide a great in-store experience to encourage word of mouth marketing

Focus on relevance and quality

Consumers are spending on the people they care about the most this holiday season. Our research shows that this holiday season is a close family (especially Kids) affair in Africa. In fact, 4 in 10 consumers (39 percent) said they will buy gifts for kids or family only in 2019 compared to 3 in 10 (29 percent) in 2018.

Here are a couple of ideas to help you be ready:

• Stock up on Toys & Games but also Food/Beverage and Clothing

• Focus on Food/Beverage products for entertainment and gatherings

• Focus on Clothing, Toys for children

It is not too late to adjust and boost your sales this holiday season, the majority of shoppers in Africa are still hunting for bargains, most likely until Christmas Eve.

#HolidaySeasonConsumerSpending #HolidaySeasonMarketingIdeas #MarketingduringtheHolidaySeason #MarketingIdeasthatMaximizeReturn #MarketResearchHolidaySeasonConsumerTrends

Written by: Patience Muyambo, Director of Research at KASI Insights

PREWIN Games on WhatsApp Launches in Nigeria…

Lagos Nigeria, December 17, 2019. PREWIN Games is a trivia platform that educates and rewards at the same time on various platforms (WhatsApp, Web and Mobile App) on different subject areas of interest to the player, staying true to their mantra that… “Knowledge pays”

L-R Mr. Tunji Saka, Mr. Segun Akinkunmi, Mr. Kunle Adeniyi, Mr. Tayo Phillips, Gen Kunle Martins (Rtr), Mr. Martins

The game is divided into several knowledge categories (Sports, Fashion, Politics, Entertainment, General trivia to mention a few) which a player can choose from, players are rewarded based on their ability to answer correctly at least 8 of 10 questions within a specified period of time in their category of choice.

L-R Adekunle AKINDEJI, MD/CEO Prewin Games, Adebola WILLIAMS, Group CEO, RED, Oladele OLANIYAN, Chairman AGNL, owners of Prewin Games, Oscar Oyinsan GBEMILEKE, COO Prewin Games.

Speaking about the launch of the platform, the MD/CEO of PREWIN, Adekunle AKINDEJI stated that PREWIN Knowledge Games was designed to give people the opportunity to test their knowledge and get rewarded while carrying out their daily activities on WhatsApp.

L-R Oscar Oyinsan GBEMILEKE, COO Prewin Games, Oladele OLANIYAN, Chairman AGNL, owners of Prewin Games & Adekunle AKINDEJI, MD/CEO Prewin Games

People spend a lot of time on WhatsApp either connecting with friends, families, business partners or colleagues. With time being such an intangible resource, we came up with the idea of PREWIN Games for people get educated and rewarded in this knowledge-based economy …we know Nigerians are knowledgeable so why not reward them from the comfort of their mobile device? ,” he said.

Live Press Conference

Click HERE to watch the instructional video on the 4 steps to play PREWIN Games.

Step 1: Register and Create your wallet. You must be 18years and above to do so. Click HERE to register or visit www.prewin.com.ng

Step 2: Fund your wallet to get rewarded and win big on PREWIN. Visit “FUND WALLET

Step 3: Select “PREWIN+” or “PREWIN++” to play to earn money and climb the “LEADERBOARD”

Step 4: Claim your winnings with “WITHDRAW FUNDS” and play again

In attendance at the Press Conference and Demo Session presented by the COO PREWIN Games- Gbemileke Oscar Oyinsan, which held at Protea Select Hotel by Marriot, Ikeja on 13th December 2019 were the CEO/GM, The Lagos State Lotteries Board (LSLB), Mr. Bashir Abiola, The Chairman of Algorithm Games Limited (AGNL), owners of PREWIN-Mr. Oladele Olaniyan, The Head Legal/Secretary LSLB- Mrs. Adebanke Ogunode, Group Managing Director of Republicom Group, Mr. Tunji Adeyinka, notable media personalities like Mozez Praise, Seun Okinbaloye, Adebola Williams of RED Media Africa, Eyitayo Oyinsan, Olaitan Dada, Rotimi “Keys” Akinfenwa, members of the press to mention a few.

FULL ACCESS

January 6th 2020 has been billed to open PREWIN games to the public to start earning and you must be 18years and above but for now, you can try your hands on FREE PLAY version by clicking here.

PROMO

There is a promo going on from now till 6th January 2020 to fund the wallet of every one of age that registers N500. Click HERE to create an account.

CONTACT

For more information or inquiry feel free to call use the contact us

Call: +234 703-740-9283, +234 816-077-7753

Email: customerservice@prewin.com.ng

Social Media: @prewingames on Facebook, Twitter and Instagram

Promasidor’s Group CEO Meets Ekiti State Governor Fayemi, Consolidate Pact on Ikun Dairy Farm for Milk Production

0

Promasidor’s Group Chief  Executive Officer, Olivier Thiry, visited Governor Kayode Fayemi of  Ekiti State to consolidate the pact on Ikun Dairy Farm which will serve as a source of local raw materials for the company’s milk production.

He was accompanied by top management of Promasidor Nigeria which includes the Managing Director, Anders Einarsson, Director, External Relations, Andrew Enahoro and Senior Manager, Finance, Yomi Adenson, who were on a two-day visit to the Government House in Ado- Ekiti on Monday, December 16.

Also among them was the Special Adviser to the Governor of the Central Bank of Nigeria on Development and Finance, Anthony Ifechikwu Having hosted Promasidor team to a sumptuous dinner on Monday evening at the government house, the governor of Ekiti State, Dr John Kayode Fayemi on Tuesday together with Olivier and his delegation went on an inspection tour of Ikun Dairy Farm in Ikun Ekiti.

It is of note that, the Governor had earlier inaugurated the Board of Directors for Fountain Holdings Limited, the principal investment company of Ekiti State at the statehouse before he embarked on a one and half hour journey to Ikun Dairy Farm (IDF).

From Left: Governor of Ekiti State, Dr Kayode Fayemi; with Director, External Relations, Promasidor Nigeria, Andrew Enahoro; Group Chief Executive Officer, Promasidor Group, Olivier Thiry; and Managing Director, Promasidor Nigeria, Anders Einarsson; during the visit to Ekiti State Government House and Ikun Dairy Farm for Promasidor Nigeria backward integration initiative on Tuesday, December 17, 2019.

The visit by Olivier was in furtherance of the Memorandum of Understanding signed in July this year in Abuja by Einarsson and Governor Fayemi for the company’s backward integration initiative in the dairy sector. This is in line with the Federal Government’s policy that companies should source for local raw materials for their products to prevent an over-dependence on foreign/ imported goods.

Speaking at the occasion, Olivier expressed delight at the partnership which has been seamless and his strong resolve in ensuring an enduring relationship with Ekiti State.

He said Promasaidor, as the makers of quality products such as Cowbell Milk, Loya Milk, Cowbell Chocolate, Miksi Milk, Top Tea, Onga Food Seasoning, Sunvita Cereals, and others, local source of milk collection is paramount to ease much dependence on foreign raw materials.

The Promasidor’s Chief stated that the company would ensure maximum exploitation of the farm’s potentials with the competent personnel who have been working earnestly to ensure successful operation.

From Left: : Governor of Ekiti State, Dr Kayode Fayemi; with Director, External Relations, Promasidor Nigeria, Andrew Enahoro; Group Chief Executive Officer, Promasidor Group, Olivier Thiry; Managing Director, Promasidor Nigeria, Anders Einarsson; and Ekiti State Commissioner for Agriculture, Folorunso Olabode; during the visit to Ekiti State Government House and Ikun Dairy Farm for Promasidor Nigeria backward integration initiative on Tuesday, December 17, 2019.

He mentioned that the commitment towards resuscitating the farm has prompted the enormous work already done and with the purchase of over a thousand cows which are being fed and prepared for milk supply.  “With the installation of up-to-the-minute equipment and zeal in attaining our backward integration goal, we hope to have an edge over competitors in the dairy industry,” Olivier affirmed.

Explaining to Governor Fayemi and his team how the equipment at the farm are used, Einarsson promised that work would be completed soon for robust operation.

He reiterated Promasidor’s preparedness in creating a viable economic base for Ekiti State through employment opportunities and the formation of small and medium enterprises from the positive impact that will ensue.

In his remark, Governor Fayemi expressed delight at the company’s eagerness in its source for raw materials and promised immense support in its resuscitation plan.

From Left: Group Chief Executive Officer, Promasidor Group, Olivier Thiry; with Governor of Ekiti State, Dr Kayode Fayemi; Managing Director, Promasidor Nigeria, Anders Einarsson; and Director, External Relations, Promasidor Nigeria, Andrew Enahoro; during the visit to Ekiti State Government House and Ikun Dairy Farm for Promasidor Nigeria backward integration initiative on Tuesday, December 17, 2019.

He said the farm which will produce over 9,000 litres of milk per day will enhance the agro-allied nature of the state and will contribute to the growth of the state’s economy as subsidiary companies will emerge. This, according to him, will create employment opportunities for its citizens.

Governor Fayemi affirmed that the partnership with Promasidor Nigeria would further be strengthened through Fountain Holdings for mutual benefit.

According to him, Ekiti citizens want to see the milk processing plant function soon because of its economic benefit which would have a significant impact on their standard of living and wellbeing through job and wealth creation.

Eulogising the momentous progress made by Promasidor, Ifechikwu pointed out that it is the most practical step ever made by milk-producing companies in the country. He expressed satisfaction at the level of work and urged the company to continue in such stride.

Located in Ikun-Ekiti, in Moba Local Government Area, Ikun Dairy Farm spans across 1,000 hectares of land area and was established in the early 1980s with hundreds of fattened cows as an integrated agro-allied farm to boost the state’s economy.

Frieslandcampina Wamco Nigeria – Volume growth to further expand margins in FY-19E

Chapel Hill Denham Securities Limited

Turnover now expected at N163.44bn in FY-19E (previously N158.68bn) due to the impressive 22.1% YoY growth in Q3-19, which puts 9M-19 revenue growth at 9.9% YoY to N121.80bn. Broadly, FrieslandCampina Wamco Plc’s (Wamco)  products have enjoyed stable and growing demand, post-2016, due to consumer perception of their superior quality, gained through the company’s first-mover status in Nigeria. While we suspect that the company remains the market leader in milk and dairy-based products, the recent stiffening competition from Arla (producer of Dano) represents a threat to Wamco’s market share. As our open market price survey suggests, the prices of Wamco’s  Peak sachet, pouch and tin SKUs have been unchanged over the last quarter, although Peak’s sachet SKU retails at an average of 15% premium to Dano (Arla)  and Cowbell (Promisador).

The outlook for higher raw milk input prices suggests a slowdown in margin improvement in FY-19E. Already, global raw milk prices have rallied by 6.2% since Q2-19 due to rising global demand (especially from developing countries),  indicating renewed input cost pressure from Q4-19E into FY-20E. Consequently,  we forecast FY-19E cost of sales at N124.59bn, rising by 5.2% YoY, indicating a  gross margin of 21.5%, an improvement from 21.1% in 9M-19 and 20.6% in FY-18. Similarly, we expect FY-19E EBITDA at N34.09bn, increasing by 10.9% YoY, largely supported by our expected growth in revenue, implying an EBITDA margin of 14.8% (marginally unchanged from 14.1% recorded in FY-18). Likewise,  given the company’s low debt profile, FY-19E’s PBT and PAT are estimated at  N19.59bn and N14.18bn respectively.

Free Cash Flow to Equity (FCFE) to remain positive at N28.80bn in FY-19E, albeit down 14.8% YoY. We expect net cash to firm at N18.72bn in FY-19E, up 6.0% YoY driven by a net operating cash flow (NOCF) of N26.01bn while net investing cash flow is expected to be negative at N7.29bn (dragged by ongoing capex spending)  at a capex intensity of 4.8% (compared to 4.2% in FY-18). Our positive NOCF  expectation is based on expected improvement in earnings in FY-19E, despite noted working capital pressures in 9M-19. In addition, net debt proceeds is expected at N13.64bn in FY-19E, unchanged from 9M-19.

BUY rating maintained, while our 12 month TP is lowered to N145.82 (previously N173.19) due to the company’s sustained earnings growth in 9M-19 which we expect to continue in Q4-19. Notably, Wamco’s quoted price on the  NASD OCT market has declined by 27.1% ytd, which we suspect to be due to illiquidity in the OTC market. Our new TP implies an expected total return of  29.8% (capital gain of 21.5% and a dividend yield of 8.3%). We expect Wamco to trade at an FY-20E EV/EBITDA of 4.0x, which is at 81.4% and 80.2% discounts to peers in emerging and global markets. The risks to our outlook on Wamco  include; 1.) Full restriction on the imports of milk & dairy-based products, 2.)  Significant increase in global raw milk prices. and 3.) Fierce competition from peer milk and dairy-based product manufacturers.

FIRS Gives 7-Day Notice to Tax Defaulters

The Federal Inland Revenue Service (FIRS) today served a 7-day notice to tax defaulters, with a warning that it will soon begin nationwide tax enforcement to bring tax defaulters to book.

The Acting Executive Chairman of FIRS, Abiodun Aina in a notification to taxpayers on Tuesday informed them of the plan by the Service to begin tax enforcement against such defaulters should they continue to fail in fulfilling their tax obligations.

He advised such taxpayers to settle their tax liabilities within 7 days of the publication to avoid any inconveniences or interruptions in their operations.

Said the FIRS in a public notice issued today in Abuja: “The FIRS hereby informs all taxpayers (individuals, partnerships, Enterprises, Corporate organisations, Ministries, Departments and Agencies) who are in default of payment of taxes arising from self-assessment, tax audit, tax investigation, transfer pricing audit, demand notices and any other liabilities, that the Service will commence a NATIONWIDE TAX ENFORCEMENT EXERCISE with a view to prosecuting defaulters and recovering all outstanding tax liabilities”, the notice read.

Aina said the enforcement is pursuant to the provisions of Section 8, 26 (2), 33 and 35 of the Federal Inland Revenue Service (Establishment Act, 2007).

“The taxes referred to are as follows: 1. Petroleum Profits Tax; 2. Companies Income Tax; 3. Value Added Tax; 4. Withholding Tax; 5. Tertiary Education Tax; 6. NITDA Levy; 7. Stamp Duty; 8. Capital Gains Tax.

He added: “All taxpayers are therefore strongly advised to settle their tax liabilities within 7 days of this publication to avoid any inconveniences or interruptions in your operations”.

Aina wished “all our taxpayers Merry Christmas and Happy New Year in advance”.

The FIRS had always warned that tax defaulters who fail to take advantage of programmes like the Tax Amnesty and the Voluntary Assets Income and Assets Declaration (VAIDS) programmes to off-set their tax liabilities, risks having the rough end of the stick.