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'content' => '<p>Many startups have a clear vision of how their businesses will disrupt the world. They formulate business plans that ensure viability and profitability. On paper, everything exists perfectly. Now, they need to pitch this perfect idea to outsiders whose support is vital for long-term growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-7-NORCAL-Plug-and-Play.jpg" alt="" />
<figcaption class="image-caption">Plug and Play Technology Center Managing Partner for East Asia Philip Seiji Vincent</figcaption>
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<p>Enter the incubators and accelerators, whose varying degrees of assistance, in know-how or in funding, will speed up growth and bring about profitability in the soonest possible time. In this crowded world of startups vying for the attention of investors with deep pockets, you have connectors separating the wheat from the chaff, so to speak.</p>
<p>From Sunnyvale, in the heart of Silicon Valley, the global hub of high-tech innovation, <strong>Plug and Play Technology Center</strong> connects the world’s largest corporations with the most innovative early-stage startups.</p>
<p>Founded in 1990, Plug and Play Technology Center has driven global innovation by informing leading companies of the latest innovations, operating more than 100 accelerator programs in more than 50 locations around the world, and investing in hundreds of startups together with some of the leading venture capitalists.</p>
<p>In an interview with GMI POST<strong>, Managing Partner for East Asia Philip Seiji Vincent</strong>, who oversees a vast region with a dynamic burgeoning startup scene, reiterated the company’s mission “to support the industry landscape, educate and serve the communities, with the ultimate goal of transforming the Japanese economy.”</p>
<p>Since 2021, Plug and Play has supported more than 2,500 startups, invested $9 billion in its portfolio companies, built a corporate partnership network of more than 450 companies, and created an ecosystem with more than 300 VCs.</p>
<p>A clear sign of its competence in building a growth-conducive environment and identifying the most promising startups, Plug and Play Technology Center boasts 12 unicorns (privately held startups with a valuation of more than $1 billion) in its portfolio, which includes Dropbox and PayPal.</p>',
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'content' => '<p>Philippine freight forwarding company <strong>Alphacon Logistics International Corp. (Alphacon) </strong>continues to flourish five years after its inception and, according to <strong>CEO and COO Gerry Foliente</strong>, they are just getting started.</p>
<p>“To say that the Philippines’ shipping and freight forwarding sector is highly competitive is an understatement,” said Foliente as he highlighted the country’s thriving logistics industry.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-PH-Alphacon.jpg" alt="" />
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<p>According to a 2021 report by the Organization for Economic Cooperation and Development (OECD), the country’s logistics and freight forwarding sector was valued at around $11 billion, or about 4% of the country’s gross domestic product. The same report also said the freight forwarding market was valued at $201.6 billion in the same year and is expected to reach $284.4 billion by 2030.</p>
<p>What sets Alphacon apart in this cutthroat industry? Foliente told GMI POST the company differentiates itself through its three core values.</p>
<p><strong><span style="font-size: 15pt;">First is character</span></strong></p>
<p>“Despite being a relatively new player in the logistics industry, we’ve managed to build a reputation that’s rooted in integrity through our proven track record of honesty and transparency,” said Foliente, who was aware that trust was a cornerstone of the logistics sector and prioritized building a clean name for the company since Day One.</p>
<p>“It’s really simple: You won’t get new business if you don’t gain the trust of your clients. So, we are proud of the good reputation that we have in the market and will strive to continuously earn the trust of existing and new clients,” he added.</p>
<p><span style="font-size: 15pt;"><strong>The second is competence</strong></span></p>
<p>“I've gained 30 years’ worth of experience in the logistics and shipping industry. Each of my managers has an average of 20 years in the industry. But even though we’ve got all of this knowledge and experience, we don't stop learning,” said Foliente.</p>
<p>According to him, Alphacon’s service is marked by a combination of experience and a hunger for continued learning and upskilling. Foliente also pointed out that technology integration is important in the logistics industry, which is why he said Alphacon deems it necessary to always keep up with what's happening in the industry and around the world so they won’t get left behind.</p>
<p><span style="font-size: 15pt;"><strong>Lastly, a strong and wide network</strong></span></p>
<p>“In the decades that I’ve been in the industry, I’ve seen how important it is to build and maintain relationships,” said Foliente as he shared that he has developed strategic connections worldwide in both the public and private sectors.</p>
<p>According to him, relationship building and networking have also been an effective and organic marketing strategy for Alphacon.</p>
<p>“As we develop new connections, we get referred to new clients through word of mouth. Because of our brand of service, we have clients who recommend us to other businesses as a trustworthy provider,” said Foliente.</p>
<p>Asked what makes the Philippines an attractive investment destination, Foliente answered, “Filipinos are world-class. Given the opportunity, we can compete with the best in the world, not only in logistics but in multiple sectors.”</p>
<p>Established in 2019, Alphacon is a freight forwarding company in the Philippines, a non-vessel operating common carrier (NVOCC), a GSA for BTC Aviation Services (aircraft chartering company), a cargo sales agent for AirAsia Philippines, and a hander of project shipments.</p>
<p>It has partnered with leading local and foreign air and sea carriers, including Philippine Airlines, Cebu Pacific, Qatar Airways, Gulf Air, Kuwait Airways, Singapore Airlines, Cathay Pacific, Turkish Airlines, and Ocean Network Express (ONE).</p>',
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'id' => '545574',
'title' => 'Going beyond lip service to earn the trust of local stakeholders',
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'description' => 'In the heart of the Canadian province of Quebec, the Bécancour Industrial and Port Park Co. stands as a testament to effective collaboration between the private sector and the government in fostering economic growth. Leading this project is President and Director General Donald Olivier, who envisions a future where industry and sustainability go hand in hand.',
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'content' => '<p>In the heart of the Canadian province of Quebec, the <strong>Bécancour Industrial and Port Park Co. </strong>stands as a testament to effective collaboration between the private sector and the government in fostering economic growth. Leading this project is <strong>President and Director General Donald Olivier</strong>, who envisions a future where industry and sustainability go hand in hand.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-CANADA-Becancour.jpg" alt="" />
<figcaption class="image-caption">Bécancour Industrial and Port Park Co. President and Director General Donald Olivier</figcaption>
</figure>
<p>“Our success lies in the synergy between the private sector and the government. By working together, we create an environment that encourages investment, job creation, and sustainable development,” said Olivier, who cited mutual trust as another reason for the project’s success.</p>
<p>“Trust is earned through actions, and not just through words. We believe in open communication and delivering on our promises, which is crucial for long-term partnerships,” he added.</p>
<p>According to Olivier, Bécancour Industrial and Port Park Co. needed to earn the confidence of the local community and investors through transparency. It committed to invest $600 million to develop the city of Bécancour and its surrounding regions by 2027.</p>
<p>The group also spent millions on comprehensive research to assess the full environmental and socio-economic impact of the projects. Its studies, according to a company statement, serve as the basis for informed decision-making and ensure its initiatives align with both economic and environmental sustainability goals.</p>
<p>The evidence-based approach has strengthened the company's credibility and demonstrates its commitment to responsible corporate citizenship.</p>
<p>For its practices, Bécancour Industrial and Port Park Co. has become one of the best examples of a public-private partnership that brings regional prosperity, while keeping communities clean and livable for the long-term.</p>',
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'id' => '545575',
'title' => 'How a German state built up trust to attract 3 billion euros in FDI',
'description_old' => null,
'description' => 'What makes a location an attractive investment destination?
Brandenburg State Minister of Economic Affairs, Labor and Energy Jörg Steinbach stressed that to unlock the full potential of any region an equally important factor was to establish mutual trust.',
'credit_id' => '48',
'image' => null,
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'url' => 'how-a-german-state-built-up-trust-to-attract-3-billion-euros-in-fdi',
'tags' => 'Germany, Economy, Investment, Trust',
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'content' => '<p>What makes a location an attractive investment destination?</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-GERMANY-Brandenburg%20FDI.jpg" alt="" />
<figcaption class="image-caption">Brandenburg State Minister of Economic Affairs, Labor and Energy Jörg Steinbach</figcaption>
</figure>
<p>While many may agree that good infrastructure, sound policies and a skilled workforce are vital to create a thriving business environment, <strong>Brandenburg State Minister of Economic Affairs, Labor and Energy Jörg Steinbach </strong>stressed that to unlock the full potential of any region an equally important factor was to establish mutual trust.</p>
<p>Located in the northeast part of Germany, Brandenburg hosts some of the world’s prominent industrial giants, like Tesla, Rolls Royce and BASF. Steinbach told GMI POST that his strategy was founded on gaining the confidence of current and potential investors.</p>
<p>According to the minister, Brandenburg attracted 1.8 billion euros in foreign direct investment in 2022 and secured another 1.5 billion euros in FDI as of August this year. Brandenburg has a strong economic development, as confirmed by a 6% increase in GDP.</p>
<p>“The Minister-President of Brandenburg and the Ministry of Economic Affairs, Labor and Energy are able to attract and cultivate strong relationships with investors because we treat them as personal commitments. Investors can call us anytime and we promptly take care of what is necessary,” said Steinbach, adding that fostering trust requires personal engagement.</p>
<p>Brandenburg has a three-step process for its strategy.</p>
<p>On the frontline is the Economic Development Agency (WFBB), which provides all the information about opportunities, infrastructure, benefits, incentives, supplier and vendor networks, and supporting industries. The WFBB acts as a dedicated partner to help interested businesses manage their interests from the first consideration to the investment.</p>
<p>Especially for larger investments, the ministry closely accompanies the process. According to Steinbach, he personally coordinates with new investors in developing their respective projects. This also includes the Minister-President, when necessary. Under his leadership, for example, there was a task force that supported the large-scale establishment of a company that built the factory and creates many jobs in a short time.</p>
<p>Once the ministry and the company finalizes all the details, the minister-president takes the lead and forms a dedicated task force that oversees implementation and reports directly to both the minister-president and the investor.</p>
<p>This well-received tailored approach has positioned Brandenburg as a leading investment location for foreign entities.</p>',
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'id' => '545576',
'title' => 'Consumer confidence: Reaping what you sow',
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'description' => 'While there are factors beyond the control of businesses, like interest rates and armed conflicts abroad, companies can mitigate the negative impact of those events and regain the trust and confidence of their customers and suppliers. ',
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'url' => 'consumer-confidence-reaping-what-you-sow',
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'content' => '<p>Amid fears of a looming economic recession in the United States, consumer confidence across the country has dipped, according to a report released by the non-profit think tank <strong>The Conference Board</strong> in October.</p>
<p>Given the pessimistic outlook, U.S. businesses are worried that their customers will not be in a spending mood even as post-Thanksgiving Black Friday and the Christmas holidays draw near.</p>
<p>While there are factors beyond the control of businesses, like interest rates and armed conflicts abroad, companies can mitigate the negative impact of those events and regain the trust and confidence of their customers and suppliers.</p>
<p><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-NORCAL-Consumer-Confidence.jpg" alt="" /></p>
<p>Here are some steps that members of The Conference Board recommend:</p>
<p><span style="font-size: 15pt;"><strong>Improve Customer Experience</strong></span></p>
<p>Businesses can raise the quality of their interactions with customers by addressing concerns promptly and professionally. Such interactions need not be face-to-face. What is important is having an easily accessible channel, phone or online, for customers to get support when needed, including after-sales care.</p>
<p><span style="font-size: 15pt;"><strong>Maintain Product and Service Quality</strong></span></p>
<p>Consumer reviews offer valuable insights to potential customers. Good quality is rewarded with positive feedback and repeat purchases. This is effective word-of-mouth promotion, which is also a value-adding marketing tool on its own.</p>
<p><span style="font-size: 15pt;"><strong>Highlight Corporate Social Responsibility</strong></span></p>
<p>Many customers patronize brands that mirror their own personalities and lifestyles. Buy-ins become easier when people and companies share common values. Social initiatives can contribute positively to brand-building.</p>
<p><span style="font-size: 15pt;"><strong>Innovation and Adaptability</strong></span></p>
<p>To thrive in a crowded market, businesses should be able to take on innovation quickly and adapt to fast-changing trends and environments. The ultimate goal of businesses is to be responsive to shifting consumer needs.</p>
<p>By focusing on these controllable factors, businesses can look forward to a bountiful yield even during a downturn.</p>',
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'id' => '545569',
'title' => 'How 21st-century education became more inclusive ',
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'description' => 'Three years after the COVID-19 pandemic, video telephony platforms, like Zoom, continue to impact both the workplace and classrooms. For schools and universities around the world, the technology benefitted from an unforeseen inclusivity dividend. ',
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'url' => 'how-21st-century-education-became-more-inclusive',
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'content' => '<p>Three years after the COVID-19 pandemic, video telephony platforms, like Zoom, continue to impact both the workplace and classrooms. The obvious benefit of such technology was it allowed the world to operate amid very restrictive conditions and gain some semblance of normalcy.</p>
<p>For schools and universities around the world, the technology benefitted from an unforeseen inclusivity dividend. In the post-Covid world, students can now enroll in schools or attend classes regardless of geographic distance. Online and distance learning has also made education more affordable for many people with limited financial resources.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-NORCAL-Waseda.jpg" alt="Waseda USA President Prof. Masahiko Gemma" />
<figcaption class="image-caption">Waseda USA President Prof. Masahiko Gemma</figcaption>
</figure>
<p>According to the World Economic Forum<em>, </em>enrollment numbers around the world more than doubled in 2020, increased by 32% the following year, and peaked at 189 million.</p>
<p>With schools and students benefitting mutually from this transformational change, it looks like online learning, as well as home-based work, is here to stay.</p>
<p>Reflecting its mission to become a more inclusive school, universities like Japan-owned Globis USA hire staff and faculty members with very diverse ethnic and cultural backgrounds.</p>
<p>“We have people from the Philippines, Canada, Thailand and China. And when officials from the Ministry of Education visit, they are surprised to see that not only is our faculty international but the staff is as well,” said <strong>Globis USA University President Tomoyo Nakamura</strong>.</p>
<p>Globis University is not alone. Japan’s Waseda University has also recognized the value of including inclusivity in its curriculum.</p>
<p>“The world is full of geopolitical risks, like climate change, armed conflict, and energy and food crises. We are updating our research and educational capacities to cope with these challenges by teaching our students to have a good understanding of diversity and inclusivity and make them better prepared,” said <strong>Waseda USA President Prof. Masahiko Gemma</strong>.</p>
<p>What started as a tool to maintain some normalcy in classroom instruction became a catalyst to democratize education around the world. In the right hands, online communication technology can contribute to building a more stable, more prosperous world.</p>',
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'id' => '545570',
'title' => 'FELTA: How to expand access to education via technology',
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'description' => 'According to a 2022 survey by global educational technology firm Instructure, 87% of students in the Philippines want to have more technology and robotics-based subjects taught in their in-person classes. That was just one of many reports, both local and global, that indicate an increasing demand for technology and robotics education in the country.',
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'url' => 'felta-how-to-expand-access-to-education-via-technology',
'tags' => 'Philippines, Education, Technology, Inclusivity',
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'content' => '<p>According to a 2022 survey by global educational technology firm Instructure, 87% of students in the Philippines want to have more technology and robotics-based subjects taught in their in-person classes. That was just one of many reports, both local and global, that indicate an increasing demand for technology and robotics education in the country.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-PH-FELTA.jpg" alt="" />
<figcaption class="image-caption">FELTA Multi-Media Inc. President and CEO Mylene Abiva</figcaption>
</figure>
<p>Earlier this year, the Department of Information and Communications Technology expressed its desire to have robotics, AI, and computer programming in the elementary school curriculum, with Assistant Secretary Jeffrey Dy highlighting the need to teach technology and increase multimedia literacy in children as young as 9 years old.</p>
<p>To learn more about how new technology is being introduced to Filipino learners and educators, GMI POST sat down with <strong>FELTA Multi-Media Inc. President and CEO Mylene Abiva. </strong></p>
<p>“For 57 years, our battle cry has been to upgrade the quality of education in the Philippines by equipping Filipino students and educators with modern and top-quality teaching materials,” said Abiva, who added FELTA was leveraging various ed-tech platforms and partnerships to ensure no Filipino student is left behind in the digital age.</p>
<p>“Since the ‘90s, we have had a strong partnership with Intel wherein we help students and teachers get access to their technology. At the time, we were the first to import their technology to the Philippines. Today, we are now an accredited Intel OEM (original equipment manufacturer), which means we manufacture shockproof and water-resistant laptops for the education space,” she also said.</p>
<p>Thanks to its collaboration with Intel, according to Abiva, FELTA was able to provide tablets, computers and laptops to many students and educators during the COVID-19 pandemic.</p>
<p>The president and CEO also shared that FELTA became an accredited global training partner of Microsoft in 2013, which allows it to use Microsoft software and products when training educators on how to use their technology and improve the learning experience for students.</p>
<p>“Aside from being a global training partner for Microsoft, we have also started introducing AI and robotics to our partners. We imported robots from LEGO Education in Denmark. We also have robots from Chinese Taipei and robots from the USA called Gearbox,” said Abiva, who was designated the first and only ambassador of the 66-member World Robot Olympiad in 2018.</p>
<p>As WRO’s official spokesperson, Abiva plans to continue raising awareness and advocating for educational robotics programs.</p>
<p>Abiva said education is a right of every child and wants to promote the mindset that education and fun go hand-in-hand. FELTA has shown that by adapting the newest technology, it can create engaging solutions that will improve Philippine education.</p>',
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'description' => '"Diversity is doing well here," said engineer Simon Yu upon becoming the first person of color to be elected mayor of the city of Prince George in central British Columbia in November 2022. An immigrant from Hong Kong, Yu has become a proud ambassador of the city and a vocal advocate of cultural inclusivity.',
'credit_id' => '48',
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'url' => 'hk-immigrant-breaks-race-barrier-in-british-columbia',
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'content' => '<p>“Diversity is doing well here,” said engineer <strong>Simon Yu</strong> upon becoming the first person of color to be elected mayor of the city of <strong>Prince George</strong> in central British Columbia in November 2022. An immigrant from Hong Kong, Yu has become a proud ambassador of the city and a vocal advocate of cultural inclusivity.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-CANADA-Prince-George.jpg" alt="" />
<figcaption class="image-caption">Prince George Mayor Simon Yu</figcaption>
</figure>
<p>“I just can't say enough good things about Prince George. We are safe from natural disasters. We’re situated right in the middle of British Columbia, the halfway point between Asia and the United States,” said Yu, who came to Canada as a student in 1976.</p>
<p>Since he was elected mayor, Yu has stepped up efforts to institutionalize inclusivity, believing the city will benefit from a diversity of perspectives and open dialogue among different communities in the city.</p>
<p>“We have a very diverse group of people living here. We learn to work together and set aside our differences. I always encourage people to be secure in their own culture and explore each other's differences, learn from each other, and build a better world. Perhaps, we can even set an example as a city for the rest of the world,” he said.</p>
<p>In public addresses, Yu often emphasizes the importance of embracing each other's cultures, traditions and beliefs, and lays out a vision to make Prince George a melting pot of ideas and backgrounds where collaboration and cooperation thrive.</p>',
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'content' => '<p>Contemporary study programs, affordable tuition fees and abundant job opportunities are just a few reasons why Germany remains the world’s third most popular destination for students around the world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-GERMANY-Heidelberg-Uni.jpg" alt="" />
<figcaption class="image-caption">Heidelberg University Chief Human Resource Officer Dr. Leslie Erwin</figcaption>
</figure>
<p>In the last 10 years, Germany’s international student enrollment has increased by 52% with the highest numbers coming from non-EU countries, such as India, China, Turkey, Iran and Russia. The data not only strengthens the country’s image as an immigrant-friendly society but also reflects its evolving demographic diversity.</p>
<p>At the forefront of this effort to nurture an inclusive environment in schools is the prestigious<strong> Heidelberg University</strong>, which was founded in 1386 and is the country’s oldest university. It established the Diversity, Equity and Inclusion Committee (DEIC)<strong>, </strong>which is responsible for promoting different cultural identities in its community through policy changes. </p>
<p>“We want everyone to feel safe, valued, respected, responsible, and that they belong and can contribute,” said <strong>Heidelberg University Chief Human Resource Officer Dr. Leslie Erwin</strong>.</p>
<p>So, the university hosts various student organizations, like The Ubuntu Black Cultural House and The Black Student Union, which celebrate the identity of African-American students and help them establish a strong presence on campus. Meanwhile, The Berg Latinx Unidos highlights issues unique to Latin-American students.</p>
<p>To encourage representation of other ethnic minorities, DEIC provides a four-year renewable scholarship to students from underrepresented groups. Known as The Diversity & Inclusion Scholarship, assistance is given to students who exhibit academic potential and a strong commitment to contribute to society.</p>
<p>If its objective of fostering diversity is to succeed, Heidelberg University is aware that it should create an environment wherein the integration of students from minority backgrounds is easy. The World Student Union organizes various cultural and educational activities to expose students to different cultures and perspectives.</p>
<p>Other initiatives to encourage diversity and inclusivity include the teaching of courses in women and gender studies, multicultural literature, gender theory, multicultural psychology, psychology of women, and gender development.</p>',
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'id' => '545565',
'title' => 'German unicorn builds a cool planet one Heartbeat at a time',
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'description' => 'Inspired by the Paris Climate Agreement, Hamburg-based 1KOMMA5° is on a mission to, in the words of CEO Philipp Schröder, "make as many buildings carbon-neutral as quickly as possible."',
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'content' => '<p>To achieve its target of becoming carbon neutral by 2045, Germany has expanded renewable energy sources in the country and made access to them easier for more than 83 million citizens and residents.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-4-GERMANY-1Komma.jpg" alt="" />
<figcaption class="image-caption">1KOMMA5° CEO Philipp Schröder</figcaption>
</figure>
<p>Reflecting this recent trend, the country’s startup sector has seen significant growth in climate tech companies, with more than 10% of them classified as “unicorns,” or those with valuations of more than $1 billion.</p>
<p>Inspired by the Paris Climate Agreement, which calls for limiting the rise in global temperature this century to 2 degrees Celsius above preindustrial levels, while pursuing the means to limit the increase to 1.5 degrees, Hamburg-based <strong>1KOMMA5°</strong> is on a mission to, in the words of <strong>CEO Philipp Schröder,</strong> “make as many buildings carbon-neutral as quickly as possible.”</p>
<p>In a world where “everyone can live on wind and sunlight forever for free,” 1KOMMA5° said it will invest several millions of dollars to set up a team and build an R&D facility in Berlin. At the heart of its work is Heartbeat, a proprietary IoT device that manages energy consumption and gives users the biggest savings possible.</p>
<p>By 2024, 1KOMMA5° wants to make Heartbeat compatible with existing systems to ensure that smart energy management is accessible to everyone, creating a big, virtual, and decentralized power plant that interconnects all devices and, by extension, the energy market.</p>
<p>To make buildings carbon-neutral, Heartbeat will make it easier for users to connect their mobility, heating, and electrical appliances and devices to renewable energy sources.</p>
<p>In the automobile sector, 1KOMMA5° said it partnered with Porsche to integrate Heartbeat with the state of charge and arrival data of the all-electric model Taycan. According to 1KOMMA5° CTO Barbara Wittenberg connected systems are a basic necessity and the car battery will be the energy market’s most relevant asset.</p>
<p>In an interview with PV Magazine Australia, Schröder highlighted 1KOMMA5°'s commitment to ensuring the sustainability of its supply chain, saying the solar panels used in Germany are made of polysilicon, which has reduced its carbon emissions by at least an estimated 50%.</p>
<p>To promote green energy beyond Germany, 1KOMMA5° has set up operations in Sweden, Finland and Australia.</p>',
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'description' => 'In a complex energy market, Filipino startup SoIX Technologies, Inc. wants to make it easier for the public to access renewable energy through digital platforms and technology that will expand the company's presence beyond the Philippines and boost the country's position in the value chain. ',
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'content' => '<p>In a complex energy market, Filipino startup <strong>SoIX Technologies, Inc. </strong>wants to make it easier for the public to access renewable energy through digital platforms and technology that will expand the company’s presence beyond the Philippines and boost the country’s position in the value chain. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-4-PH-SolX.jpg" alt="" />
<figcaption class="image-caption">SoIX Technologies, Inc. CEO Sergius Santos</figcaption>
</figure>
<p>In October, SoIX secured 11 million pesos (around $193,500) in funding from the National Development Company’s Startup Venture Fund (SVF), making it the country’s first government-backed startup. The same amount was matched by Japanese venture capital firm Real Tech Holdings.</p>
<p>"I'm very confident that with our country's skill, resourcefulness and motivation, we can attain great success in the energy industry. We are just getting started. We will continue to work very hard because Filipinos are worth it. We are all worth it. We hope that we can rally together to revolutionize the energy industry in our country,” said <strong>SoIX Technologies, Inc. CEO Sergius Santos</strong>.</p>
<p>Offering flexible rates and demand-driven prices, SoIX offers clients a non-traditional power subscription by matching energy requirements based on energy load.</p>
<p><strong>COO Matt Levin Tan</strong> said the company’s clients include leading players in manufacturing and telecommunications, among others, adding that its current clientele has a total monthly consumption of 160 MW, with its biggest customer using around 8 MW per month.</p>
<p>In a separate statement, <strong>Foxmont Capital Partners (Foxmont)</strong>, an investor from SolX’s prior round and one of the SVF’s accredited partners, expressed excitement over the follow-on investment. According to Foxmont, these new investments reaffirms their confidence in SolX's potential and in the solutions the startup offers</p>
<p>In 2022, renewable energy sources in the Philippines generated total electricity of around 15.5 terawatt-hours, most of which came from geothermal, biomass, and other renewable energy sources. Solar energy accounted for 1.8 terawatt-hours that year, according to Statista Research Department.</p>',
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'title' => 'Can Tenstorrent lead the AI chip manufacturing race?',
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'content' => '<p>The global AI chips market has doubled in value since 2021 to around $21.9 billion and will be worth around $127.8 billion, according to Insights Partners. That’s a 600% growth in five years.</p>
<p>How can tech companies keep up with the rapidly-evolving AI and semiconductor race?</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-4-CANADA-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller</figcaption>
</figure>
<p>For Canadian tech startup <strong>Tenstorrent, </strong>the answer seems to be collaboration as it continues to forge partnerships with various global players.</p>
<p>In August 2023, the Canadian AI chip manufacturer announced that it had raised $100 million in a round led by Hyundai Motor Group and Samsung Catalyst Fund, a corporate venture capital arm of Samsung Electronics</p>
<p>“The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling," said <strong>Tenstorrent CEO Jim Keller.</strong></p>
<p>And in an interview with ZDNET, Keller highlighted Hyundai's forward-thinking approach: "They are a technology leadership company. They are making money and investing it in technology because they see a path to building next-generation products with AI.”</p>
<p>Further cementing its growth, Tenstorrent inked yet another international partnership in October, this time with BOS Semiconductors, a South Korean automotive semiconductor startup. Together, the two tech companies want to develop System-on-Chip (SoC) semiconductors tailored for automobile and automobile part manufacturers.</p>
<p>According to <strong>BOS Semiconductors CEO Jaehong Park</strong>, the collaboration with Tenstorrent will lead to the development of low-power and high-performance AI chips that will improve the processing speed, accuracy, and power efficiency of cars.</p>
<p>Tenstorrent's strategic alliances underscore its commitment to innovation and collaboration.</p>
<p>By partnering with industry leaders, the company strengthens its technological capabilities and shapes the future of AI-driven applications.</p>
<p>"With Tenstorrent's dedication to exploring the unknown and transforming possibilities into reality, the company has positioned itself to continue its transformative journey and leave its own mark on the world of AI and semiconductors,” Keller said.</p>',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
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<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'content' => '<p>Philippine freight forwarding company <strong>Alphacon Logistics International Corp. (Alphacon) </strong>continues to flourish five years after its inception and, according to <strong>CEO and COO Gerry Foliente</strong>, they are just getting started.</p>
<p>“To say that the Philippines’ shipping and freight forwarding sector is highly competitive is an understatement,” said Foliente as he highlighted the country’s thriving logistics industry.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-PH-Alphacon.jpg" alt="" />
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<p>According to a 2021 report by the Organization for Economic Cooperation and Development (OECD), the country’s logistics and freight forwarding sector was valued at around $11 billion, or about 4% of the country’s gross domestic product. The same report also said the freight forwarding market was valued at $201.6 billion in the same year and is expected to reach $284.4 billion by 2030.</p>
<p>What sets Alphacon apart in this cutthroat industry? Foliente told GMI POST the company differentiates itself through its three core values.</p>
<p><strong><span style="font-size: 15pt;">First is character</span></strong></p>
<p>“Despite being a relatively new player in the logistics industry, we’ve managed to build a reputation that’s rooted in integrity through our proven track record of honesty and transparency,” said Foliente, who was aware that trust was a cornerstone of the logistics sector and prioritized building a clean name for the company since Day One.</p>
<p>“It’s really simple: You won’t get new business if you don’t gain the trust of your clients. So, we are proud of the good reputation that we have in the market and will strive to continuously earn the trust of existing and new clients,” he added.</p>
<p><span style="font-size: 15pt;"><strong>The second is competence</strong></span></p>
<p>“I've gained 30 years’ worth of experience in the logistics and shipping industry. Each of my managers has an average of 20 years in the industry. But even though we’ve got all of this knowledge and experience, we don't stop learning,” said Foliente.</p>
<p>According to him, Alphacon’s service is marked by a combination of experience and a hunger for continued learning and upskilling. Foliente also pointed out that technology integration is important in the logistics industry, which is why he said Alphacon deems it necessary to always keep up with what's happening in the industry and around the world so they won’t get left behind.</p>
<p><span style="font-size: 15pt;"><strong>Lastly, a strong and wide network</strong></span></p>
<p>“In the decades that I’ve been in the industry, I’ve seen how important it is to build and maintain relationships,” said Foliente as he shared that he has developed strategic connections worldwide in both the public and private sectors.</p>
<p>According to him, relationship building and networking have also been an effective and organic marketing strategy for Alphacon.</p>
<p>“As we develop new connections, we get referred to new clients through word of mouth. Because of our brand of service, we have clients who recommend us to other businesses as a trustworthy provider,” said Foliente.</p>
<p>Asked what makes the Philippines an attractive investment destination, Foliente answered, “Filipinos are world-class. Given the opportunity, we can compete with the best in the world, not only in logistics but in multiple sectors.”</p>
<p>Established in 2019, Alphacon is a freight forwarding company in the Philippines, a non-vessel operating common carrier (NVOCC), a GSA for BTC Aviation Services (aircraft chartering company), a cargo sales agent for AirAsia Philippines, and a hander of project shipments.</p>
<p>It has partnered with leading local and foreign air and sea carriers, including Philippine Airlines, Cebu Pacific, Qatar Airways, Gulf Air, Kuwait Airways, Singapore Airlines, Cathay Pacific, Turkish Airlines, and Ocean Network Express (ONE).</p>',
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'id' => '545580',
'title' => 'Chasing the holy grail of growth? A Silicon Valley connector can help',
'description_old' => null,
'description' => 'Many startups have a clear vision of how their businesses will disrupt the world. They formulate business plans that ensure viability and profitability. On paper, everything exists perfectly. Now, they need to pitch this perfect idea to outsiders whose support is vital for long-term growth.',
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'content' => '<p>Many startups have a clear vision of how their businesses will disrupt the world. They formulate business plans that ensure viability and profitability. On paper, everything exists perfectly. Now, they need to pitch this perfect idea to outsiders whose support is vital for long-term growth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-7-NORCAL-Plug-and-Play.jpg" alt="" />
<figcaption class="image-caption">Plug and Play Technology Center Managing Partner for East Asia Philip Seiji Vincent</figcaption>
</figure>
<p>Enter the incubators and accelerators, whose varying degrees of assistance, in know-how or in funding, will speed up growth and bring about profitability in the soonest possible time. In this crowded world of startups vying for the attention of investors with deep pockets, you have connectors separating the wheat from the chaff, so to speak.</p>
<p>From Sunnyvale, in the heart of Silicon Valley, the global hub of high-tech innovation, <strong>Plug and Play Technology Center</strong> connects the world’s largest corporations with the most innovative early-stage startups.</p>
<p>Founded in 1990, Plug and Play Technology Center has driven global innovation by informing leading companies of the latest innovations, operating more than 100 accelerator programs in more than 50 locations around the world, and investing in hundreds of startups together with some of the leading venture capitalists.</p>
<p>In an interview with GMI POST<strong>, Managing Partner for East Asia Philip Seiji Vincent</strong>, who oversees a vast region with a dynamic burgeoning startup scene, reiterated the company’s mission “to support the industry landscape, educate and serve the communities, with the ultimate goal of transforming the Japanese economy.”</p>
<p>Since 2021, Plug and Play has supported more than 2,500 startups, invested $9 billion in its portfolio companies, built a corporate partnership network of more than 450 companies, and created an ecosystem with more than 300 VCs.</p>
<p>A clear sign of its competence in building a growth-conducive environment and identifying the most promising startups, Plug and Play Technology Center boasts 12 unicorns (privately held startups with a valuation of more than $1 billion) in its portfolio, which includes Dropbox and PayPal.</p>',
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'title' => 'Alphacon: 3 core values that ensure success',
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'description' => 'What sets Alphacon apart in the cutthroat logistics industry? It's character, competence, and connections, says CEO and COO Gerry Foliente.',
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'content' => '<p>Philippine freight forwarding company <strong>Alphacon Logistics International Corp. (Alphacon) </strong>continues to flourish five years after its inception and, according to <strong>CEO and COO Gerry Foliente</strong>, they are just getting started.</p>
<p>“To say that the Philippines’ shipping and freight forwarding sector is highly competitive is an understatement,” said Foliente as he highlighted the country’s thriving logistics industry.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-PH-Alphacon.jpg" alt="" />
<figcaption class="image-caption">Alphacon CEO and COO Gerry Foliente</figcaption>
</figure>
<p>According to a 2021 report by the Organization for Economic Cooperation and Development (OECD), the country’s logistics and freight forwarding sector was valued at around $11 billion, or about 4% of the country’s gross domestic product. The same report also said the freight forwarding market was valued at $201.6 billion in the same year and is expected to reach $284.4 billion by 2030.</p>
<p>What sets Alphacon apart in this cutthroat industry? Foliente told GMI POST the company differentiates itself through its three core values.</p>
<p><strong><span style="font-size: 15pt;">First is character</span></strong></p>
<p>“Despite being a relatively new player in the logistics industry, we’ve managed to build a reputation that’s rooted in integrity through our proven track record of honesty and transparency,” said Foliente, who was aware that trust was a cornerstone of the logistics sector and prioritized building a clean name for the company since Day One.</p>
<p>“It’s really simple: You won’t get new business if you don’t gain the trust of your clients. So, we are proud of the good reputation that we have in the market and will strive to continuously earn the trust of existing and new clients,” he added.</p>
<p><span style="font-size: 15pt;"><strong>The second is competence</strong></span></p>
<p>“I've gained 30 years’ worth of experience in the logistics and shipping industry. Each of my managers has an average of 20 years in the industry. But even though we’ve got all of this knowledge and experience, we don't stop learning,” said Foliente.</p>
<p>According to him, Alphacon’s service is marked by a combination of experience and a hunger for continued learning and upskilling. Foliente also pointed out that technology integration is important in the logistics industry, which is why he said Alphacon deems it necessary to always keep up with what's happening in the industry and around the world so they won’t get left behind.</p>
<p><span style="font-size: 15pt;"><strong>Lastly, a strong and wide network</strong></span></p>
<p>“In the decades that I’ve been in the industry, I’ve seen how important it is to build and maintain relationships,” said Foliente as he shared that he has developed strategic connections worldwide in both the public and private sectors.</p>
<p>According to him, relationship building and networking have also been an effective and organic marketing strategy for Alphacon.</p>
<p>“As we develop new connections, we get referred to new clients through word of mouth. Because of our brand of service, we have clients who recommend us to other businesses as a trustworthy provider,” said Foliente.</p>
<p>Asked what makes the Philippines an attractive investment destination, Foliente answered, “Filipinos are world-class. Given the opportunity, we can compete with the best in the world, not only in logistics but in multiple sectors.”</p>
<p>Established in 2019, Alphacon is a freight forwarding company in the Philippines, a non-vessel operating common carrier (NVOCC), a GSA for BTC Aviation Services (aircraft chartering company), a cargo sales agent for AirAsia Philippines, and a hander of project shipments.</p>
<p>It has partnered with leading local and foreign air and sea carriers, including Philippine Airlines, Cebu Pacific, Qatar Airways, Gulf Air, Kuwait Airways, Singapore Airlines, Cathay Pacific, Turkish Airlines, and Ocean Network Express (ONE).</p>',
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'description' => 'In the heart of the Canadian province of Quebec, the Bécancour Industrial and Port Park Co. stands as a testament to effective collaboration between the private sector and the government in fostering economic growth. Leading this project is President and Director General Donald Olivier, who envisions a future where industry and sustainability go hand in hand.',
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'url' => 'going-beyond-lip-service-to-earn-the-trust-of-local-stakeholders',
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'content' => '<p>In the heart of the Canadian province of Quebec, the <strong>Bécancour Industrial and Port Park Co. </strong>stands as a testament to effective collaboration between the private sector and the government in fostering economic growth. Leading this project is <strong>President and Director General Donald Olivier</strong>, who envisions a future where industry and sustainability go hand in hand.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-CANADA-Becancour.jpg" alt="" />
<figcaption class="image-caption">Bécancour Industrial and Port Park Co. President and Director General Donald Olivier</figcaption>
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<p>“Our success lies in the synergy between the private sector and the government. By working together, we create an environment that encourages investment, job creation, and sustainable development,” said Olivier, who cited mutual trust as another reason for the project’s success.</p>
<p>“Trust is earned through actions, and not just through words. We believe in open communication and delivering on our promises, which is crucial for long-term partnerships,” he added.</p>
<p>According to Olivier, Bécancour Industrial and Port Park Co. needed to earn the confidence of the local community and investors through transparency. It committed to invest $600 million to develop the city of Bécancour and its surrounding regions by 2027.</p>
<p>The group also spent millions on comprehensive research to assess the full environmental and socio-economic impact of the projects. Its studies, according to a company statement, serve as the basis for informed decision-making and ensure its initiatives align with both economic and environmental sustainability goals.</p>
<p>The evidence-based approach has strengthened the company's credibility and demonstrates its commitment to responsible corporate citizenship.</p>
<p>For its practices, Bécancour Industrial and Port Park Co. has become one of the best examples of a public-private partnership that brings regional prosperity, while keeping communities clean and livable for the long-term.</p>',
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'title' => 'How a German state built up trust to attract 3 billion euros in FDI',
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'description' => 'What makes a location an attractive investment destination?
Brandenburg State Minister of Economic Affairs, Labor and Energy Jörg Steinbach stressed that to unlock the full potential of any region an equally important factor was to establish mutual trust.',
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'url' => 'how-a-german-state-built-up-trust-to-attract-3-billion-euros-in-fdi',
'tags' => 'Germany, Economy, Investment, Trust',
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'content' => '<p>What makes a location an attractive investment destination?</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-GERMANY-Brandenburg%20FDI.jpg" alt="" />
<figcaption class="image-caption">Brandenburg State Minister of Economic Affairs, Labor and Energy Jörg Steinbach</figcaption>
</figure>
<p>While many may agree that good infrastructure, sound policies and a skilled workforce are vital to create a thriving business environment, <strong>Brandenburg State Minister of Economic Affairs, Labor and Energy Jörg Steinbach </strong>stressed that to unlock the full potential of any region an equally important factor was to establish mutual trust.</p>
<p>Located in the northeast part of Germany, Brandenburg hosts some of the world’s prominent industrial giants, like Tesla, Rolls Royce and BASF. Steinbach told GMI POST that his strategy was founded on gaining the confidence of current and potential investors.</p>
<p>According to the minister, Brandenburg attracted 1.8 billion euros in foreign direct investment in 2022 and secured another 1.5 billion euros in FDI as of August this year. Brandenburg has a strong economic development, as confirmed by a 6% increase in GDP.</p>
<p>“The Minister-President of Brandenburg and the Ministry of Economic Affairs, Labor and Energy are able to attract and cultivate strong relationships with investors because we treat them as personal commitments. Investors can call us anytime and we promptly take care of what is necessary,” said Steinbach, adding that fostering trust requires personal engagement.</p>
<p>Brandenburg has a three-step process for its strategy.</p>
<p>On the frontline is the Economic Development Agency (WFBB), which provides all the information about opportunities, infrastructure, benefits, incentives, supplier and vendor networks, and supporting industries. The WFBB acts as a dedicated partner to help interested businesses manage their interests from the first consideration to the investment.</p>
<p>Especially for larger investments, the ministry closely accompanies the process. According to Steinbach, he personally coordinates with new investors in developing their respective projects. This also includes the Minister-President, when necessary. Under his leadership, for example, there was a task force that supported the large-scale establishment of a company that built the factory and creates many jobs in a short time.</p>
<p>Once the ministry and the company finalizes all the details, the minister-president takes the lead and forms a dedicated task force that oversees implementation and reports directly to both the minister-president and the investor.</p>
<p>This well-received tailored approach has positioned Brandenburg as a leading investment location for foreign entities.</p>',
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'description' => 'While there are factors beyond the control of businesses, like interest rates and armed conflicts abroad, companies can mitigate the negative impact of those events and regain the trust and confidence of their customers and suppliers. ',
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'content' => '<p>Amid fears of a looming economic recession in the United States, consumer confidence across the country has dipped, according to a report released by the non-profit think tank <strong>The Conference Board</strong> in October.</p>
<p>Given the pessimistic outlook, U.S. businesses are worried that their customers will not be in a spending mood even as post-Thanksgiving Black Friday and the Christmas holidays draw near.</p>
<p>While there are factors beyond the control of businesses, like interest rates and armed conflicts abroad, companies can mitigate the negative impact of those events and regain the trust and confidence of their customers and suppliers.</p>
<p><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-NORCAL-Consumer-Confidence.jpg" alt="" /></p>
<p>Here are some steps that members of The Conference Board recommend:</p>
<p><span style="font-size: 15pt;"><strong>Improve Customer Experience</strong></span></p>
<p>Businesses can raise the quality of their interactions with customers by addressing concerns promptly and professionally. Such interactions need not be face-to-face. What is important is having an easily accessible channel, phone or online, for customers to get support when needed, including after-sales care.</p>
<p><span style="font-size: 15pt;"><strong>Maintain Product and Service Quality</strong></span></p>
<p>Consumer reviews offer valuable insights to potential customers. Good quality is rewarded with positive feedback and repeat purchases. This is effective word-of-mouth promotion, which is also a value-adding marketing tool on its own.</p>
<p><span style="font-size: 15pt;"><strong>Highlight Corporate Social Responsibility</strong></span></p>
<p>Many customers patronize brands that mirror their own personalities and lifestyles. Buy-ins become easier when people and companies share common values. Social initiatives can contribute positively to brand-building.</p>
<p><span style="font-size: 15pt;"><strong>Innovation and Adaptability</strong></span></p>
<p>To thrive in a crowded market, businesses should be able to take on innovation quickly and adapt to fast-changing trends and environments. The ultimate goal of businesses is to be responsive to shifting consumer needs.</p>
<p>By focusing on these controllable factors, businesses can look forward to a bountiful yield even during a downturn.</p>',
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'description' => 'Three years after the COVID-19 pandemic, video telephony platforms, like Zoom, continue to impact both the workplace and classrooms. For schools and universities around the world, the technology benefitted from an unforeseen inclusivity dividend. ',
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'content' => '<p>Three years after the COVID-19 pandemic, video telephony platforms, like Zoom, continue to impact both the workplace and classrooms. The obvious benefit of such technology was it allowed the world to operate amid very restrictive conditions and gain some semblance of normalcy.</p>
<p>For schools and universities around the world, the technology benefitted from an unforeseen inclusivity dividend. In the post-Covid world, students can now enroll in schools or attend classes regardless of geographic distance. Online and distance learning has also made education more affordable for many people with limited financial resources.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-NORCAL-Waseda.jpg" alt="Waseda USA President Prof. Masahiko Gemma" />
<figcaption class="image-caption">Waseda USA President Prof. Masahiko Gemma</figcaption>
</figure>
<p>According to the World Economic Forum<em>, </em>enrollment numbers around the world more than doubled in 2020, increased by 32% the following year, and peaked at 189 million.</p>
<p>With schools and students benefitting mutually from this transformational change, it looks like online learning, as well as home-based work, is here to stay.</p>
<p>Reflecting its mission to become a more inclusive school, universities like Japan-owned Globis USA hire staff and faculty members with very diverse ethnic and cultural backgrounds.</p>
<p>“We have people from the Philippines, Canada, Thailand and China. And when officials from the Ministry of Education visit, they are surprised to see that not only is our faculty international but the staff is as well,” said <strong>Globis USA University President Tomoyo Nakamura</strong>.</p>
<p>Globis University is not alone. Japan’s Waseda University has also recognized the value of including inclusivity in its curriculum.</p>
<p>“The world is full of geopolitical risks, like climate change, armed conflict, and energy and food crises. We are updating our research and educational capacities to cope with these challenges by teaching our students to have a good understanding of diversity and inclusivity and make them better prepared,” said <strong>Waseda USA President Prof. Masahiko Gemma</strong>.</p>
<p>What started as a tool to maintain some normalcy in classroom instruction became a catalyst to democratize education around the world. In the right hands, online communication technology can contribute to building a more stable, more prosperous world.</p>',
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'title' => 'FELTA: How to expand access to education via technology',
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'description' => 'According to a 2022 survey by global educational technology firm Instructure, 87% of students in the Philippines want to have more technology and robotics-based subjects taught in their in-person classes. That was just one of many reports, both local and global, that indicate an increasing demand for technology and robotics education in the country.',
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'content' => '<p>According to a 2022 survey by global educational technology firm Instructure, 87% of students in the Philippines want to have more technology and robotics-based subjects taught in their in-person classes. That was just one of many reports, both local and global, that indicate an increasing demand for technology and robotics education in the country.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-PH-FELTA.jpg" alt="" />
<figcaption class="image-caption">FELTA Multi-Media Inc. President and CEO Mylene Abiva</figcaption>
</figure>
<p>Earlier this year, the Department of Information and Communications Technology expressed its desire to have robotics, AI, and computer programming in the elementary school curriculum, with Assistant Secretary Jeffrey Dy highlighting the need to teach technology and increase multimedia literacy in children as young as 9 years old.</p>
<p>To learn more about how new technology is being introduced to Filipino learners and educators, GMI POST sat down with <strong>FELTA Multi-Media Inc. President and CEO Mylene Abiva. </strong></p>
<p>“For 57 years, our battle cry has been to upgrade the quality of education in the Philippines by equipping Filipino students and educators with modern and top-quality teaching materials,” said Abiva, who added FELTA was leveraging various ed-tech platforms and partnerships to ensure no Filipino student is left behind in the digital age.</p>
<p>“Since the ‘90s, we have had a strong partnership with Intel wherein we help students and teachers get access to their technology. At the time, we were the first to import their technology to the Philippines. Today, we are now an accredited Intel OEM (original equipment manufacturer), which means we manufacture shockproof and water-resistant laptops for the education space,” she also said.</p>
<p>Thanks to its collaboration with Intel, according to Abiva, FELTA was able to provide tablets, computers and laptops to many students and educators during the COVID-19 pandemic.</p>
<p>The president and CEO also shared that FELTA became an accredited global training partner of Microsoft in 2013, which allows it to use Microsoft software and products when training educators on how to use their technology and improve the learning experience for students.</p>
<p>“Aside from being a global training partner for Microsoft, we have also started introducing AI and robotics to our partners. We imported robots from LEGO Education in Denmark. We also have robots from Chinese Taipei and robots from the USA called Gearbox,” said Abiva, who was designated the first and only ambassador of the 66-member World Robot Olympiad in 2018.</p>
<p>As WRO’s official spokesperson, Abiva plans to continue raising awareness and advocating for educational robotics programs.</p>
<p>Abiva said education is a right of every child and wants to promote the mindset that education and fun go hand-in-hand. FELTA has shown that by adapting the newest technology, it can create engaging solutions that will improve Philippine education.</p>',
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'title' => 'HK immigrant breaks race barrier in British Columbia',
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'description' => '"Diversity is doing well here," said engineer Simon Yu upon becoming the first person of color to be elected mayor of the city of Prince George in central British Columbia in November 2022. An immigrant from Hong Kong, Yu has become a proud ambassador of the city and a vocal advocate of cultural inclusivity.',
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'content' => '<p>“Diversity is doing well here,” said engineer <strong>Simon Yu</strong> upon becoming the first person of color to be elected mayor of the city of <strong>Prince George</strong> in central British Columbia in November 2022. An immigrant from Hong Kong, Yu has become a proud ambassador of the city and a vocal advocate of cultural inclusivity.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-CANADA-Prince-George.jpg" alt="" />
<figcaption class="image-caption">Prince George Mayor Simon Yu</figcaption>
</figure>
<p>“I just can't say enough good things about Prince George. We are safe from natural disasters. We’re situated right in the middle of British Columbia, the halfway point between Asia and the United States,” said Yu, who came to Canada as a student in 1976.</p>
<p>Since he was elected mayor, Yu has stepped up efforts to institutionalize inclusivity, believing the city will benefit from a diversity of perspectives and open dialogue among different communities in the city.</p>
<p>“We have a very diverse group of people living here. We learn to work together and set aside our differences. I always encourage people to be secure in their own culture and explore each other's differences, learn from each other, and build a better world. Perhaps, we can even set an example as a city for the rest of the world,” he said.</p>
<p>In public addresses, Yu often emphasizes the importance of embracing each other's cultures, traditions and beliefs, and lays out a vision to make Prince George a melting pot of ideas and backgrounds where collaboration and cooperation thrive.</p>',
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'title' => 'Heidelberg University: Where everyone belongs',
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'description' => 'In the last 10 years, Germany's international student enrollment has increased by 52% with the highest numbers coming from non-EU countries, such as India, China, Turkey, Iran and Russia. The data not only strengthens the country's image as an immigrant-friendly society but also reflects its evolving demographic diversity.',
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'content' => '<p>Contemporary study programs, affordable tuition fees and abundant job opportunities are just a few reasons why Germany remains the world’s third most popular destination for students around the world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-5-GERMANY-Heidelberg-Uni.jpg" alt="" />
<figcaption class="image-caption">Heidelberg University Chief Human Resource Officer Dr. Leslie Erwin</figcaption>
</figure>
<p>In the last 10 years, Germany’s international student enrollment has increased by 52% with the highest numbers coming from non-EU countries, such as India, China, Turkey, Iran and Russia. The data not only strengthens the country’s image as an immigrant-friendly society but also reflects its evolving demographic diversity.</p>
<p>At the forefront of this effort to nurture an inclusive environment in schools is the prestigious<strong> Heidelberg University</strong>, which was founded in 1386 and is the country’s oldest university. It established the Diversity, Equity and Inclusion Committee (DEIC)<strong>, </strong>which is responsible for promoting different cultural identities in its community through policy changes. </p>
<p>“We want everyone to feel safe, valued, respected, responsible, and that they belong and can contribute,” said <strong>Heidelberg University Chief Human Resource Officer Dr. Leslie Erwin</strong>.</p>
<p>So, the university hosts various student organizations, like The Ubuntu Black Cultural House and The Black Student Union, which celebrate the identity of African-American students and help them establish a strong presence on campus. Meanwhile, The Berg Latinx Unidos highlights issues unique to Latin-American students.</p>
<p>To encourage representation of other ethnic minorities, DEIC provides a four-year renewable scholarship to students from underrepresented groups. Known as The Diversity & Inclusion Scholarship, assistance is given to students who exhibit academic potential and a strong commitment to contribute to society.</p>
<p>If its objective of fostering diversity is to succeed, Heidelberg University is aware that it should create an environment wherein the integration of students from minority backgrounds is easy. The World Student Union organizes various cultural and educational activities to expose students to different cultures and perspectives.</p>
<p>Other initiatives to encourage diversity and inclusivity include the teaching of courses in women and gender studies, multicultural literature, gender theory, multicultural psychology, psychology of women, and gender development.</p>',
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'id' => '545565',
'title' => 'German unicorn builds a cool planet one Heartbeat at a time',
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'description' => 'Inspired by the Paris Climate Agreement, Hamburg-based 1KOMMA5° is on a mission to, in the words of CEO Philipp Schröder, "make as many buildings carbon-neutral as quickly as possible."',
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'content' => '<p>To achieve its target of becoming carbon neutral by 2045, Germany has expanded renewable energy sources in the country and made access to them easier for more than 83 million citizens and residents.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-4-GERMANY-1Komma.jpg" alt="" />
<figcaption class="image-caption">1KOMMA5° CEO Philipp Schröder</figcaption>
</figure>
<p>Reflecting this recent trend, the country’s startup sector has seen significant growth in climate tech companies, with more than 10% of them classified as “unicorns,” or those with valuations of more than $1 billion.</p>
<p>Inspired by the Paris Climate Agreement, which calls for limiting the rise in global temperature this century to 2 degrees Celsius above preindustrial levels, while pursuing the means to limit the increase to 1.5 degrees, Hamburg-based <strong>1KOMMA5°</strong> is on a mission to, in the words of <strong>CEO Philipp Schröder,</strong> “make as many buildings carbon-neutral as quickly as possible.”</p>
<p>In a world where “everyone can live on wind and sunlight forever for free,” 1KOMMA5° said it will invest several millions of dollars to set up a team and build an R&D facility in Berlin. At the heart of its work is Heartbeat, a proprietary IoT device that manages energy consumption and gives users the biggest savings possible.</p>
<p>By 2024, 1KOMMA5° wants to make Heartbeat compatible with existing systems to ensure that smart energy management is accessible to everyone, creating a big, virtual, and decentralized power plant that interconnects all devices and, by extension, the energy market.</p>
<p>To make buildings carbon-neutral, Heartbeat will make it easier for users to connect their mobility, heating, and electrical appliances and devices to renewable energy sources.</p>
<p>In the automobile sector, 1KOMMA5° said it partnered with Porsche to integrate Heartbeat with the state of charge and arrival data of the all-electric model Taycan. According to 1KOMMA5° CTO Barbara Wittenberg connected systems are a basic necessity and the car battery will be the energy market’s most relevant asset.</p>
<p>In an interview with PV Magazine Australia, Schröder highlighted 1KOMMA5°'s commitment to ensuring the sustainability of its supply chain, saying the solar panels used in Germany are made of polysilicon, which has reduced its carbon emissions by at least an estimated 50%.</p>
<p>To promote green energy beyond Germany, 1KOMMA5° has set up operations in Sweden, Finland and Australia.</p>',
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'title' => 'Meet the Philippines' first government-backed startup',
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'description' => 'In a complex energy market, Filipino startup SoIX Technologies, Inc. wants to make it easier for the public to access renewable energy through digital platforms and technology that will expand the company's presence beyond the Philippines and boost the country's position in the value chain. ',
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'content' => '<p>In a complex energy market, Filipino startup <strong>SoIX Technologies, Inc. </strong>wants to make it easier for the public to access renewable energy through digital platforms and technology that will expand the company’s presence beyond the Philippines and boost the country’s position in the value chain. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-4-PH-SolX.jpg" alt="" />
<figcaption class="image-caption">SoIX Technologies, Inc. CEO Sergius Santos</figcaption>
</figure>
<p>In October, SoIX secured 11 million pesos (around $193,500) in funding from the National Development Company’s Startup Venture Fund (SVF), making it the country’s first government-backed startup. The same amount was matched by Japanese venture capital firm Real Tech Holdings.</p>
<p>"I'm very confident that with our country's skill, resourcefulness and motivation, we can attain great success in the energy industry. We are just getting started. We will continue to work very hard because Filipinos are worth it. We are all worth it. We hope that we can rally together to revolutionize the energy industry in our country,” said <strong>SoIX Technologies, Inc. CEO Sergius Santos</strong>.</p>
<p>Offering flexible rates and demand-driven prices, SoIX offers clients a non-traditional power subscription by matching energy requirements based on energy load.</p>
<p><strong>COO Matt Levin Tan</strong> said the company’s clients include leading players in manufacturing and telecommunications, among others, adding that its current clientele has a total monthly consumption of 160 MW, with its biggest customer using around 8 MW per month.</p>
<p>In a separate statement, <strong>Foxmont Capital Partners (Foxmont)</strong>, an investor from SolX’s prior round and one of the SVF’s accredited partners, expressed excitement over the follow-on investment. According to Foxmont, these new investments reaffirms their confidence in SolX's potential and in the solutions the startup offers</p>
<p>In 2022, renewable energy sources in the Philippines generated total electricity of around 15.5 terawatt-hours, most of which came from geothermal, biomass, and other renewable energy sources. Solar energy accounted for 1.8 terawatt-hours that year, according to Statista Research Department.</p>',
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'title' => 'Can Tenstorrent lead the AI chip manufacturing race?',
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'description' => 'How can tech companies keep up with the rapidly-evolving AI and semiconductor race? For Canadian tech startup Tenstorrent, the answer seems to be collaboration as it continues to forge partnerships with various global players. ',
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'url' => 'can-tenstorrent-lead-the-ai-chip-manufacturing-race',
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'content' => '<p>The global AI chips market has doubled in value since 2021 to around $21.9 billion and will be worth around $127.8 billion, according to Insights Partners. That’s a 600% growth in five years.</p>
<p>How can tech companies keep up with the rapidly-evolving AI and semiconductor race?</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-4-CANADA-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller</figcaption>
</figure>
<p>For Canadian tech startup <strong>Tenstorrent, </strong>the answer seems to be collaboration as it continues to forge partnerships with various global players.</p>
<p>In August 2023, the Canadian AI chip manufacturer announced that it had raised $100 million in a round led by Hyundai Motor Group and Samsung Catalyst Fund, a corporate venture capital arm of Samsung Electronics</p>
<p>“The trust in Tenstorrent shown by Hyundai Motor Group and Samsung Catalyst Fund leading our round is truly humbling," said <strong>Tenstorrent CEO Jim Keller.</strong></p>
<p>And in an interview with ZDNET, Keller highlighted Hyundai's forward-thinking approach: "They are a technology leadership company. They are making money and investing it in technology because they see a path to building next-generation products with AI.”</p>
<p>Further cementing its growth, Tenstorrent inked yet another international partnership in October, this time with BOS Semiconductors, a South Korean automotive semiconductor startup. Together, the two tech companies want to develop System-on-Chip (SoC) semiconductors tailored for automobile and automobile part manufacturers.</p>
<p>According to <strong>BOS Semiconductors CEO Jaehong Park</strong>, the collaboration with Tenstorrent will lead to the development of low-power and high-performance AI chips that will improve the processing speed, accuracy, and power efficiency of cars.</p>
<p>Tenstorrent's strategic alliances underscore its commitment to innovation and collaboration.</p>
<p>By partnering with industry leaders, the company strengthens its technological capabilities and shapes the future of AI-driven applications.</p>
<p>"With Tenstorrent's dedication to exploring the unknown and transforming possibilities into reality, the company has positioned itself to continue its transformative journey and leave its own mark on the world of AI and semiconductors,” Keller said.</p>',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
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<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'content' => '<p>Philippine freight forwarding company <strong>Alphacon Logistics International Corp. (Alphacon) </strong>continues to flourish five years after its inception and, according to <strong>CEO and COO Gerry Foliente</strong>, they are just getting started.</p>
<p>“To say that the Philippines’ shipping and freight forwarding sector is highly competitive is an understatement,” said Foliente as he highlighted the country’s thriving logistics industry.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R4/EDC-NL-R4-WK-6-PH-Alphacon.jpg" alt="" />
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<p>According to a 2021 report by the Organization for Economic Cooperation and Development (OECD), the country’s logistics and freight forwarding sector was valued at around $11 billion, or about 4% of the country’s gross domestic product. The same report also said the freight forwarding market was valued at $201.6 billion in the same year and is expected to reach $284.4 billion by 2030.</p>
<p>What sets Alphacon apart in this cutthroat industry? Foliente told GMI POST the company differentiates itself through its three core values.</p>
<p><strong><span style="font-size: 15pt;">First is character</span></strong></p>
<p>“Despite being a relatively new player in the logistics industry, we’ve managed to build a reputation that’s rooted in integrity through our proven track record of honesty and transparency,” said Foliente, who was aware that trust was a cornerstone of the logistics sector and prioritized building a clean name for the company since Day One.</p>
<p>“It’s really simple: You won’t get new business if you don’t gain the trust of your clients. So, we are proud of the good reputation that we have in the market and will strive to continuously earn the trust of existing and new clients,” he added.</p>
<p><span style="font-size: 15pt;"><strong>The second is competence</strong></span></p>
<p>“I've gained 30 years’ worth of experience in the logistics and shipping industry. Each of my managers has an average of 20 years in the industry. But even though we’ve got all of this knowledge and experience, we don't stop learning,” said Foliente.</p>
<p>According to him, Alphacon’s service is marked by a combination of experience and a hunger for continued learning and upskilling. Foliente also pointed out that technology integration is important in the logistics industry, which is why he said Alphacon deems it necessary to always keep up with what's happening in the industry and around the world so they won’t get left behind.</p>
<p><span style="font-size: 15pt;"><strong>Lastly, a strong and wide network</strong></span></p>
<p>“In the decades that I’ve been in the industry, I’ve seen how important it is to build and maintain relationships,” said Foliente as he shared that he has developed strategic connections worldwide in both the public and private sectors.</p>
<p>According to him, relationship building and networking have also been an effective and organic marketing strategy for Alphacon.</p>
<p>“As we develop new connections, we get referred to new clients through word of mouth. Because of our brand of service, we have clients who recommend us to other businesses as a trustworthy provider,” said Foliente.</p>
<p>Asked what makes the Philippines an attractive investment destination, Foliente answered, “Filipinos are world-class. Given the opportunity, we can compete with the best in the world, not only in logistics but in multiple sectors.”</p>
<p>Established in 2019, Alphacon is a freight forwarding company in the Philippines, a non-vessel operating common carrier (NVOCC), a GSA for BTC Aviation Services (aircraft chartering company), a cargo sales agent for AirAsia Philippines, and a hander of project shipments.</p>
<p>It has partnered with leading local and foreign air and sea carriers, including Philippine Airlines, Cebu Pacific, Qatar Airways, Gulf Air, Kuwait Airways, Singapore Airlines, Cathay Pacific, Turkish Airlines, and Ocean Network Express (ONE).</p>',
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Alphacon: 3 core values that ensure success
What sets Alphacon apart in the cutthroat logistics industry? It's character, competence, and connections, says CEO and COO Gerry Foliente.
