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'content' => '<p>What if businesses could protect themselves from floods and soil erosion? For many business owners in Singapore and other regions prone to natural disasters, intense rainfall and landslides pose real dangers that can cause devastating property damage.</p>
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<figcaption class="image-caption">Hocklim Engineering CEO Yuan Shen Chua receives an award for being part of the pilot batch of enterprises that participated in Enterprise Singapore's Cool Ideas Enterprise. (Photo source: Hocklim Engineering)</figcaption>
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<p>GMI POST met with <strong>Hocklim Engineering</strong>, winner of the Singapore International Chamber of Commerce’s Most Sustainable Award in 2021, to ask about the Geobarrier System (GBS), its latest innovation that prevents future slope failure and enhances livability through increased greenery.</p>
<p>GBS, jointly developed by the <strong>Housing Development Board (HDB)</strong> and <strong>Nanyang Technical University (NTU)</strong>, is a climate-resilient solution that maintains slope strength during heavy rainfall. The difference in permeability in the distinct layers of the GBS allows rainwater infiltration to be directed away from the slope, preventing oversaturation of the ground.<br /><strong><br /></strong>“The science behind the GBS is quite special because it is designed to prevent rainwater from reaching the slope. It is separated in layers and the air within the particles is used to repel the water,” explained <strong>Hocklim Engineering CEO Yuan Shen Chua.</strong></p>
<p>Established in 1988, Hocklim Engineering grew from a small company into a household name in Singapore. According to Chua, the company not only provides civil and geotechnical expertise, but also develops innovative construction solutions, such as automated flood barriers and controlled flood gates with detention drain systems.</p>
<p>For more information on the GBS and Hocklim Engineering, visit <a href="http://www.hocklim.com" target="_blank" rel="noopener"><em><strong>www.hocklim</strong></em>.com</a>.</p>',
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'content' => '<p>The <strong>National University of Singapore’s Institute of Systems Science</strong> (NUS-ISS) and <strong>FedEx Institute of Technology (FIT)</strong> at the University of Memphis have announced a collaboration to enhance AI and data science education. The partnership will capitalize on the strengths and expertise of both institutions to deliver cutting-edge training and innovative learning experiences.</p>
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<figcaption class="image-caption">NUS-ISS CEO Khoong Chan Meng (Photo source: NUS-ISS)</figcaption>
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<p>Under this strategic agreement, NUS-ISS will offer its AI and data science courses through FIT to empower professionals and students in and outside of Memphis by sharing essential digital skills.</p>
<p>Starting September 2024, adult learners and students of FIT can take up NUS-ISS’ Executive Education courses in Data Driven Decision Making, Data Storytelling, and Machine Reasoning (AI). From October 2024, it will add two other courses: Managing Business Analytics Projects and Problem-Solving Using Pattern Recognition. </p>
<p>“This strategic partnership with The FedEx Institute of Technology at the University of Memphis marks a significant step towards advancing global education in data science, machine learning, and artificial intelligence. It also represents a unique opportunity to merge our training expertise with FIT’s innovative spirit,” said <strong>NUS-ISS CEO Khoong Chan Meng.</strong></p>
<p>“At NUS-ISS, we are committed to providing high-quality training that empowers professionals to thrive in today's dynamic technological landscape. Together, we will cultivate a skilled workforce capable of harnessing the power of digital to address complex challenges and drive innovation across industries,” he added.</p>
<p>Meanwhile, <strong>Prof. Jasbir Dhaliwal, Executive Vice President for Research & Innovation at the University of Memphis and Executive Director of the FedEx Institute of Technology</strong>, said, “In an increasingly interconnected world, global partnerships are central to servicing the technology skills needs of global corporations.”</p>
<p>“This significant partnership in artificial intelligence with the top university in Asia builds on the recent announcement that Elon Musk’s xAI is building the world’s largest supercomputer (its gigafactory of computing) in Memphis. It helps us position our region as the AI capital of Tennessee and the Southeast serving global markets and clients,” Dhaliwal added.</p>
<p>NUS-ISS is known for its comprehensive portfolio of programs in critical industry disciplines, such as data science, artificial intelligence, software development, cybersecurity, and digital strategy. Course participants will benefit from NUS-ISS’ unique learning pathways, which combine rigorous academic knowledge with practical industry insights.</p>
<p>The courses will be conducted both online and in-person, ensuring accessibility and flexibility for all learners. FIT will oversee the organization and marketing of the courses, ensuring they reach the right audience and maximize impact.</p>
<p>The multi-year partnership is a testament to the power of global collaboration in driving educational excellence and innovation and designed to be dynamic and responsive to the evolving needs of the digital landscape. Both FIT and NUS-ISS are committed to continuously reviewing and enhancing the course offerings, ensuring they remain at the forefront of technological advancement.</p>',
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'description' => 'Founded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City.',
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'url' => 'bent-on-taking-new-york-one-bento-box-at-a-time',
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'content' => '<p>Founded originally as FUJI Catering in 2006, the Japanese ready-meal business <strong>BentOn</strong> began as a humble dream by <strong>Toru Furukawa,</strong> a third-generation <em>bento</em> (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese <em>bento</em> culture to New York City.</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-9-NYNJ-BentOn.jpg" alt="" />
<figcaption class="image-caption">BentOn founder and owner Toru Furukawa in the early years of his career (Photo Source: BentOn)</figcaption>
</figure>
<p>Fueled mostly by ambition, Furukawa grew his business from a humble catering service into a culinary supplier for major events, garnering a loyal following in the wake of his success. From his signature bento boxes and <em>donburi</em> (rice bowls) to a variety of warm and cold noodles, BentOn’s menu is a showcase of authentic Japanese cuisine.</p>
<p>Later on, BentOn began catering for larger gatherings with its party platters and <em>bento</em> styles tailored to fit any occasion and budget, all the while sticking to its commitment to quality and authenticity.</p>
<p>“When I came to the U.S., not too many people knew what a bento box was. Now, more and more people have become familiar with it and now understand what a well-balanced lunchbox looks like,” Furukawa told GMI POST.</p>
<p>Apart from popularizing the concept of bento in the United States, Furukawa has also redefined the meaning of healthy ready-to-eat meals for very busy urbanites accustomed to American-style fast food.</p>
<p>BentOn's growth is marked by several notable milestones, including the introduction of <em>bento </em>on-demand and the opening of a state-of-the-art <em>bento f</em>actory in Long Island, which prepares thousands of balanced and nutritious boxed meals daily for households across the country.</p>
<p>Looking beyond the growth of his business, Furukawa also wants BentOn to engage more closely with the local community through collaborations with non-profit organizations and participation in local events.</p>
<p>“I didn't have high expectations for the potential of a Japanese meal kit. But now, I have come to see that there's actually so much. I actually saw that the Midwest also has a big market for what I have to offer,” Furukawa said.</p>
<p>Through his innovative approach and relentless pursuit of excellence, Furukawa has not only brought a taste of Japan to New York but has also made the <em>bento</em> box a beloved staple for lovers of Japanese food.</p>',
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'title' => '3 KPI-tracking tools to propel your business',
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'description' => 'The foundation of a solid growth strategy for any business is its Key Performance Indicators (KPIs). But are you still using Excel spreadsheets to track your key metrics?',
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'content' => '<p>The foundation of a solid growth strategy for any business is its Key Performance Indicators (KPIs). But are you still using Excel spreadsheets to track your key metrics?</p>
<p>KPIs are crucial for every business because they help quantify and track its objective by measuring the effectiveness of current operations and anticipating necessary decisions. But, determining which KPIs to consider requires analyzing countless data points generated throughout the business.</p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK9-CAMB-Growth-KPIs.jpg" alt="" /></p>
<p>Unless your firm invests in complex data warehouse solutions or has a dedicated team to process large volumes of data, many crucial data points and potential KPIs might remain hidden.</p>
<p>Here are three tools that automate the analytics process and help visualize the most important KPIs for your business’s growth.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Geckoboard: Real-time dashboards to track your SMART goals</strong></span></p>
<p> </p>
<p>Trusted by renowned brands like Ikea, AirBnB and Sephora, Geckoboard helps businesses create live dashboards that highlight the most important performance metrics. This tool can pull data from 90 diverse data sources, features a drag-and-drop interface, and integrates easily with popular software like Excel, Google Analytics, and Salesforce.</p>
<p>Ideal for fast-moving firms that need to see their KPIs at a glance and require the flexibility to design their own visual dashboards, Geckoboard is one of the simplest and easiest-to-use KPI-tracking tools in the market.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>SimpleKPI: For businesses just starting out</strong></span></p>
<p> </p>
<p>Looking for an all-in-one KPI tool for your small business and one that is free? Then SimpleKPI is the answer. With more than 1,000 companies using this tool to create interactive dashboards, shareable reports, and deep-dive data analysis, the tool’s user-friendly features help businesses streamline their operations.</p>
<p>SimpleKPI integrates with the Microsoft suite and other analytics tools and offers 24/7 customer support. With SimpleKPI, businesses can view their data from various perspectives.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Asana: Combining project management tools with KPI tracking</strong></span></p>
<p> </p>
<p>Chosen by 85% of Fortune 100 companies around the world, Asana is an AI-powered work management tool that seamlessly connects the workflow of different departments and allows KPI-tracking at the team and project level. Through a ‘card system’, management can create tasks and objectives and also assign team members to them. The cards help track individual progress, while the dashboard gives a tactical overview of the entire project. </p>
<p>These tools can transform how your business tracks and utilizes KPIs, leading to more informed decisions and sustainable growth.</p>',
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'title' => 'U.S. chipmaker to invest $3.7 billion in Japan',
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'description' => 'Micron Technology Inc. has announced plans to invest up to $3.7 billion (500 billion Japanese yen) in extreme ultraviolet technology over the next few years to introduce EUV technology in the production of memory chips in Japan, the company said in a statement.',
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'content' => '<p><strong>Micron Technology Inc.</strong> has announced plans to invest up to $3.7 billion (500 billion Japanese yen) in extreme ultraviolet technology over the next few years to introduce EUV technology in the production of memory chips in Japan, the company said in a 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-8-Micron-CEO-Sanjay-Mehrotra.jpg" alt="" />
<figcaption class="image-caption">Micron President CEO Sanjay Mehrotra (Photo Source: DigiTimes)</figcaption>
</figure>
<p>The announcement comes after the U.S. chipmaker started mass production of its new high-capacity, low-power 1-beta dynamic random access memory (DRAM) chips at its plant in Hiroshima last year. DRAM chips are used in digital electronics that require high memory -capacity, such as PCs, laptops, smartphones, and tablets.</p>
<p><strong>Micron President CEO Sanjay Mehrotra</strong> said at the time: “We are proud to be the first to use EUV in Japan and to be developing and manufacturing 1-gamma at our Hiroshima fab. Our plans reflect our continued commitment to Japan, strong relationship with the Japanese government and the exceptional talent of our Micron Hiroshima team.”</p>
<p>During the celebration of Micron Technology’s 45th anniversary, Satoshi Nohara, the director-general of the Commerce and Information Policy Bureau under Japan’s Ministry of Economy, Trade and Industry), expressed the government’s support for the company’s planned investments.</p>
<p>“Micron is the only company that manufactures DRAM in Japan and is critical to setting the pace for not only the global DRAM industry but our developing semiconductor ecosystem. We are pleased to see our collaboration with Micron take root in Hiroshima with state-of-the-art EUV to be introduced on Japanese soil. This will not only deepen and advance the talent and infrastructure of our semiconductor ecosystem, it will also unlock exponential growth and opportunity for our digital economy,” Nohara said.</p>',
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'title' => 'World's largest vertical strawberry farm rises in New Jersey',
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'description' => 'New Jersey now hosts the world's first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup Oishii and founded by Japanese entrepreneur Hiroki Koga, whose mission is to "share the appeal of high-quality Japanese fruit with the world."',
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'content' => '<p>New Jersey now hosts the world’s first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup <strong>Oishii </strong>and founded by Japanese entrepreneur<strong> Hiroki Koga</strong>, whose mission is to “share the appeal of high-quality Japanese fruit with the world.”</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-8-Oishii-Co-founder-and-CEO-Hiroki-Koga.jpg" alt="" />
<figcaption class="image-caption">Oishii Co-founder and CEO Hiroki Koga</figcaption>
</figure>
<p>The farm produces authentic, pesticide-free Japanese varieties of strawberries year-round, using AI to control environmental conditions like temperature, humidity, and light. This technology replicates the optimal harvest conditions found in Japan.</p>
<p>Once the strawberries reach perfect ripeness, robots harvest them. The farm is sealed fully from the outside environment to prevent insect and germ contamination and maintain the purity of the harvest. The facility is also eco-friendly as it uses recycled water for irrigation and renewable energy for electricity.</p>
<p>Koga was inspired to start Oiishii in 2016 shortly after arriving in the United States, dismayed by the local fruit industry’s focus on quantity over quality. Determined to introduce Japanese fruit culture to the country, he bought Omakase Berry seeds from the Japanese Alps to New York and set up the first indoor vertical strawberry farm in the state.</p>
<p>Since starting production in 2017, Oishii’s strawberries have gained popularity for their distinct sweetness and aroma even if their prices are more than three times higher those of U.S. brands.</p>
<p>In February, Oishii announced it had received around $126.5 million (20 billion Japanese yen) in funding from NTT Corp, Mizuho Bank, and other investors and will use most of the investment to build a new indoor strawberry farm.</p>',
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'id' => '545730',
'title' => 'New Jersey opens first investment promotion center in Asia',
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'description' => 'Choose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.',
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'content' => '<p><strong>Choose New Jersey</strong> inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.</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-8-NJ-Asia-Pacific-Center.jpg" alt="" />
<figcaption class="image-caption">Top officials and industry leaders attend the inauguration of the New Jersey Asia Pacific Center in Taipei, Taiwan. (Photo source: New Jersey Business Magazine)</figcaption>
</figure>
<p>“With the historic inauguration of the New Jersey Asia Pacific Center, we are unleashing new possibilities and prosperity for our workers and families in New Jersey, in Taiwan, and across the Asia Pacific region,” said <strong>Gov. Phil Murphy.</strong></p>
<p>Present at the event was <strong>Choose New Jersey President and CEO Wesley Mathews, </strong>who said, “The opening of the New Jersey Asia Pacific Center marks a critical milestone in our efforts to enhance our presence in some of the world’s most significant economic markets.”</p>
<p>Mathews also expressed his excitement about sharing the advantages of New Jersey's world-class talent, location, and innovation-driven economy with partners in the Asia Pacific.</p>
<p>In a video message, <strong>Taiwan Vice President Hsiao Bi-khim</strong>, a former New Jersey resident, highlighted the center's potential to boost trade and investment. “I am confident that the opening of the New Jersey Asia Pacific Center will provide strong momentum in boosting trade, investment, and people-to-people ties between Taiwan and the Garden State,” she said.</p>
<p>The center, headed by <strong>Sam Lin</strong>, is the group’s fifth international office, joining others in India, Israel, Germany, and Ireland. Lin stressed the center’s role in facilitating increased trade and collaboration, particularly in sectors crucial to New Jersey's economic success, such as technology, life sciences, and clean energy.</p>
<p>The event also featured remarks from <strong>Taiwanese Foreign Ministry Secretary General Daniel Diann-Wen Tang</strong>, who told those present, “We appreciate Governor Murphy’s decision to establish New Jersey’s first Asia Pacific Center in Taiwan as it reflects the strategic understanding of Taiwan’s role as a gateway to the broader Indo-Pacific region.”</p>',
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'description' => 'What has it been like for America's top culinary school to operate in Singapore, now one of the world's leading food destinations? In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America's (CIA) faculty in Singapore for more than 14 years.
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'content' => '<p>What has it been like for America’s top culinary school to operate in Singapore, now one of the world's leading food destinations? </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-8-SG-CIA-Singapore-Eve-Felder-Managing-Director.jpg" alt="" />
<figcaption class="image-caption">Culinary Institute of America in Singapore Managing Director Eve Felder (Photo source: CIA Singapore)</figcaption>
</figure>
<p>In an interview with GMI POST, <strong>chef and educator Eve Felder</strong> shared her experiences as the managing director of the <strong>Culinary Institute of America’s (CIA)</strong> faculty in Singapore for more than 14 years.</p>
<p>“I always love to say that Singapore is run like a company, said Felder, who applauds the government’s commitment to be forward-looking.</p>
<p>It was in 2010 when the city-state revealed its plans to become the top tourist destination in Asia and the world with the building of Marina Bay Sands and Resorts World Sentosa. It was around the same time the CIA set up its faculty in Singapore.</p>
<p>As head of the Singapore faculty, Felder is committed to making the dreams of her students a reality by exposing them to world-renowned chefs and nurturing in them a healthy relationship with food, while respecting their culinary heritage.</p>
<p>“These young people love Asian food and work in concepts that honor their heritage,” she said.</p>
<p>Because land-scarce Singapore imports 90% of its food, CIA understands the huge challenge of imparting the need to create nutritious and top-quality dishes. To her delight, the government and large food brands agree that chefs can play an important role in forming policies on food safety and production.</p>
<p>Through its partnership with Temasek Polytechnic and Singapore Institute of Technology, CIA, under Felder, will produce the next generation of leaders in Singapore’s food industry and culinary scene.</p>',
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'content' => '<p>A senior partner in a well-known law firm in Cambodia,<strong> Khieu Mealy</strong> has been recognized as one of the best intellectual property experts by various organizations in the country and Southeast Asia, like CMO Asia and Asia Law.</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-8-CAMB-Sok-Siphana-Khieu-Mealy-Senior-Partner-.jpg" alt="" />
<figcaption class="image-caption">Sok Siphana & Associates Senior Partner Khieu Mealy (Photo source: Sok Siphana & Associates)</figcaption>
</figure>
<p>Alongside her professional commitments at <strong>Sok Siphana & Associates</strong>, Mealy helps form the country’s future leaders by acting like a wise <em>ming</em> (aunt) to young women looking for a mentor.</p>
<p>“In my view, all of us are leaders no matter where we are standing or what we do,” she said.</p>
<p>With a staff comprising mostly young females, Mealy has taken it upon herself to coach and motivate them to become respected members of Cambodia’s legal sector.</p>
<p>“When we recruit, we focus on developing their character and behavior. I encourage my staff to stay informed about market trends, join business networking events, and find ways to differentiate themselves,” she explained.</p>
<p>In the early 1990s, Mealy spent four years as a housewife in Geneva to husband Sok Siphana, who had held various positions in government as a minister and worked as legal adviser to some international organizations, before opening the law firm in 1998 and overseeing its expansion outside the capital Phnom Penh. That career change came with some challenges.</p>
<p>“My introverted nature was a key internal challenge in the early stages. I was reluctant to reach out to people and felt stressed when setting appointments with high-ranking government officials. Language was another barrier as English is not my mother tongue,” she said.</p>
<p>These challenges, however, taught Mealy many important life lessons and honed her business acumen</p>
<p>“From my challenges, I have learned to be mindful of the environment and be proactive in dealing with issues,” she said.</p>
<p>Consistent and transparent communication with stakeholders at all levels also helped her apply these lessons effectively, in addition to forming strong and dynamic teams.</p>
<p>“I strongly believe that I cannot do everything alone and need people who share my vision and mission to achieve our collective ambitious objectives,” Mealy said.</p>
<p>By creating a workplace that is open, constructive, and feedback-oriented, Mealy empowers her staff to make decisions and, take risks, thus giving them the space and opportunity to excel. She and he staff live by two important values: fairness and well-being.</p>
<p>For the next generation of young female entrepreneurs and professionals, Mealy’s advice is simple: “Know your self-worth and assess your strengths and weaknesses fairly. Never be afraid of grabbing opportunities and hesitating to reach out for advice when faced with challenges.”</p>',
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'title' => 'Empowering women in the culinary world: The journey of Tomoko Omori',
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'description' => 'Only 20% of head chefs identify as women, according to 2023 data from recruitment website Zippia, which also showed that only 34% of restaurants in the United States are owned by women. Based on that report, gender equality in the culinary field remains a challenge, but one New York-based company is doing everything it can to even the scales. ',
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'content' => '<p>Only 20% of head chefs identify as women, according to 2023 data from recruitment website Zippia, which also showed that only 34% of restaurants in the United States are owned by women. Based on that report, gender equality in the culinary field remains a challenge, but one New York-based company is doing everything it can to even the scales.</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-8-NYNJ-Katsu-Zen-Tomoko-Omori-Founder-and-CEO.jpg" alt="" />
<figcaption class="image-caption">Katsu Zen founder and CEO Tomoko Omori (Photo source: Katsu Zen)</figcaption>
</figure>
<p>GMI POST spoke with <strong>Katsu Zen founder and CEO Tomoko Omori</strong>, who has made it her mission to raise women’s roles in the restaurant industry by mentoring and advocating for women entrepreneurs wanting a career in the food business.</p>
<p>Calling itself “the gateway to successfully launching a restaurant in the United States,” Katsu Zen USA provides restaurateurs with customized online courses, exclusive restaurant tours, access to food and beverage events, comprehensive market research, and marketing strategies.</p>
<p>It also organizes lectures on U.S. market expansion, property and franchise acquisition, operations management, and leadership.</p>
<p>Outside of Katsu Zen, Omori reaches out to fellow professionals as a writer and motivational speaker, sharing her journey and insights across the country. Her role as a board member of the New York Japanese Restaurant Association strengthens her influence in the industry.</p>
<p>Asked about her experience as a woman in the culinary field, Omori said: “As women, it seems common around the world for us to accept our weaknesses, support each other, and learn from each other. I realized this for the first time when I was surrounded by female entrepreneurs at an EO Global event in Hiroshima. It was the first time I was surrounded with women entrepreneurs, especially Asian women entrepreneurs.”</p>
<p>“Women are beautiful – soft on the outside but strong and supportive deep down. I have so much admiration for them and I get inspired by all their journeys,” she added.</p>
<p>Through her work in and out of Katsu Zen, Omori hopes to embody the spirit of innovation and empowerment.</p>',
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'description' => 'With the global space economy projected to be worth $1 trillion by 2040, it looks like companies in the United States and Japan want to stay ahead of the competition.',
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'content' => '<p>With the global space economy projected to be worth $1 trillion by 2040, it looks like companies in the United States and Japan want to stay ahead of the competition.</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-8-Space-Economy.jpg" alt="" />
<figcaption class="image-caption">A rendering of Sierra Space's Dream Chaser spaceplane in orbit. (Photo source: Sierra Space)</figcaption>
</figure>
<p>In 2021, IHI Aerospace worked with the Japan Aerospace Exploration Agency to build a docking system that complied with the International Docking System Standard (IDSS). Both their active and passive docking systems are expected to be important supporting technologies for NASA’s Artemis Program.<br /><br />IHI Aerospace, according to an article in Nikkei Asia, will start delivery of docking connectors for Sierra Space by 2026. <strong>Sierra Space</strong> is a privately owned aerospace and space technologies company based in Louisville, Colorado, and provides a mix of products and services in three areas: transportation, destinations, and applications.</p>
<p>“There is potential for Japanese products to expand export opportunities even beyond Sierra,” said a representative from Japan-owned Kanematsu, whose activities include aerospace and space-related technologies.</p>
<p>Meanwhile, Steve Berroth, general manager and senior vice president of Sierra Space’s Earth Space Systems said: “Our mission at Sierra Space is to create a platform in space to benefit life on Earth. In realizing that vision, safety is paramount in everything we do in commercial space station design and development.”</p>
<p>“IHI Aerospace shares this commitment and we are confident that the company’s passive docking system is the optimal technology to integrate into our platform,” he added.</p>
<p>Last September, four Japanese companies – Tokio Marine, MUFG Bank, Kanematsu, and Nichido Fire – raised $290 million to back Sierra Space’s project to develop the world’s first commercial space station. With the increased funding, the much-anticipated successor to the International Space Station is now valued at $5 billion.</p>',
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'title' => 'U.S. Steel, Nippon Steel bag non-U.S. approvals for mega-merger',
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'description' => 'U.S. Steel and Japan's Nippon Steel have secured all the needed regulatory approvals outside the United States related to its planned $14.9 billion merger. ',
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'content' => '<p><strong>U.S. Steel</strong> and Japan's <strong>Nippon Steel</strong> have secured all the needed regulatory approvals outside the United States related to its planned $14.9 billion merger. The deal, which will create one of the world’s largest steel producers, now requires the approval of U.S. regulatory and antitrust authorities.</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-8-Nippon-Steel.jpg" alt="" />
<figcaption class="image-caption">Based in Tokyo, Nippon Steel outbid other global giants, like Cleveland-Cliffs, ArcelorMittal, and Nucor, to buy U.S. Steel. (Photo source: Nikkei Asia)</figcaption>
</figure>
<p>The transaction, however, has faced opposition from U.S. President Joe Biden and the powerful United Steelworkers. The president expressed his wish that U.S. Steel remain domestically owned, while the union fears potential job losses.</p>
<p>The U.S. Department of Justice is also scrutinizing the deal, adding another layer of regulatory examination.</p>
<p>To allay those fears, Nippon Steel has pledged to honor all existing agreements between U.S. Steel and the steelworkers union. Additionally, Nippon Steel has committed to moving its U.S. headquarters to Pittsburgh to align more closely with U.S. Steel's base of operations.</p>
<p>The merger has already received approval from the European Commission, Mexican Federal Economic Competition Commission, Serbian Competition Commission, Slovakia's Ministry of Economy, Turkey's Competition Authority, and the UK's Competition and Markets Authority, among others.</p>
<p>“We are pleased with the regulatory approvals received as they are a clear indication that the transaction with Nippon Steel is pro-competitive and supports the strategic merits of foreign investment,” said <strong>U.S. Steel President and CEO David B. Burritt</strong>.</p>
<p>“Together with Nippon Steel, U.S. Steel will become a world-leading steelmaker with enhanced technologies and resources to support a stronger steel industry with enhanced competition. This deal is the best deal for American steel, the best deal for American jobs and the best deal for America’s ability to create an even stronger alliance with Japan against China,” he added.</p>
<p>Meanwhile, <strong>Nippon Steel Representative Director and Vice Chairman Takahiro Mori</strong> said: “We appreciate this significant milestone of receiving regulatory approvals necessary to consummate the transaction from all non-U.S. authorities. Our goal for this transaction has been clear and consistent – to protect and grow U.S. Steel. We are confident that this transaction will be for the benefit of all of U.S. Steel’s stakeholders, including customers, employees, suppliers, and communities.”</p>
<p>In April, U.S. Steel shareholders voted overwhelmingly for the merger. Of 71% of outstanding shares that participated, 99% backed the deal. The companies hope to finalize the sale in the second half of 2024, contingent on obtaining the necessary U.S. regulatory approvals.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, 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.',
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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>
<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>
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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><strong>Choose New Jersey</strong> inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.</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-8-NJ-Asia-Pacific-Center.jpg" alt="" />
<figcaption class="image-caption">Top officials and industry leaders attend the inauguration of the New Jersey Asia Pacific Center in Taipei, Taiwan. (Photo source: New Jersey Business Magazine)</figcaption>
</figure>
<p>“With the historic inauguration of the New Jersey Asia Pacific Center, we are unleashing new possibilities and prosperity for our workers and families in New Jersey, in Taiwan, and across the Asia Pacific region,” said <strong>Gov. Phil Murphy.</strong></p>
<p>Present at the event was <strong>Choose New Jersey President and CEO Wesley Mathews, </strong>who said, “The opening of the New Jersey Asia Pacific Center marks a critical milestone in our efforts to enhance our presence in some of the world’s most significant economic markets.”</p>
<p>Mathews also expressed his excitement about sharing the advantages of New Jersey's world-class talent, location, and innovation-driven economy with partners in the Asia Pacific.</p>
<p>In a video message, <strong>Taiwan Vice President Hsiao Bi-khim</strong>, a former New Jersey resident, highlighted the center's potential to boost trade and investment. “I am confident that the opening of the New Jersey Asia Pacific Center will provide strong momentum in boosting trade, investment, and people-to-people ties between Taiwan and the Garden State,” she said.</p>
<p>The center, headed by <strong>Sam Lin</strong>, is the group’s fifth international office, joining others in India, Israel, Germany, and Ireland. Lin stressed the center’s role in facilitating increased trade and collaboration, particularly in sectors crucial to New Jersey's economic success, such as technology, life sciences, and clean energy.</p>
<p>The event also featured remarks from <strong>Taiwanese Foreign Ministry Secretary General Daniel Diann-Wen Tang</strong>, who told those present, “We appreciate Governor Murphy’s decision to establish New Jersey’s first Asia Pacific Center in Taiwan as it reflects the strategic understanding of Taiwan’s role as a gateway to the broader Indo-Pacific region.”</p>',
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'content' => '<p>What if businesses could protect themselves from floods and soil erosion? For many business owners in Singapore and other regions prone to natural disasters, intense rainfall and landslides pose real dangers that can cause devastating property damage.</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-9-SG-Hocklim.jpg" alt="" />
<figcaption class="image-caption">Hocklim Engineering CEO Yuan Shen Chua receives an award for being part of the pilot batch of enterprises that participated in Enterprise Singapore's Cool Ideas Enterprise. (Photo source: Hocklim Engineering)</figcaption>
</figure>
<p>GMI POST met with <strong>Hocklim Engineering</strong>, winner of the Singapore International Chamber of Commerce’s Most Sustainable Award in 2021, to ask about the Geobarrier System (GBS), its latest innovation that prevents future slope failure and enhances livability through increased greenery.</p>
<p>GBS, jointly developed by the <strong>Housing Development Board (HDB)</strong> and <strong>Nanyang Technical University (NTU)</strong>, is a climate-resilient solution that maintains slope strength during heavy rainfall. The difference in permeability in the distinct layers of the GBS allows rainwater infiltration to be directed away from the slope, preventing oversaturation of the ground.<br /><strong><br /></strong>“The science behind the GBS is quite special because it is designed to prevent rainwater from reaching the slope. It is separated in layers and the air within the particles is used to repel the water,” explained <strong>Hocklim Engineering CEO Yuan Shen Chua.</strong></p>
<p>Established in 1988, Hocklim Engineering grew from a small company into a household name in Singapore. According to Chua, the company not only provides civil and geotechnical expertise, but also develops innovative construction solutions, such as automated flood barriers and controlled flood gates with detention drain systems.</p>
<p>For more information on the GBS and Hocklim Engineering, visit <a href="http://www.hocklim.com" target="_blank" rel="noopener"><em><strong>www.hocklim</strong></em>.com</a>.</p>',
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'title' => 'NUS, FedEx forge partnership to advance AI and data science education',
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'description' => 'The National University of Singapore's Institute of Systems Science (NUS-ISS) and FedEx Institute of Technology (FIT) at the University of Memphis have announced a collaboration to enhance AI and data science education. ',
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'content' => '<p>The <strong>National University of Singapore’s Institute of Systems Science</strong> (NUS-ISS) and <strong>FedEx Institute of Technology (FIT)</strong> at the University of Memphis have announced a collaboration to enhance AI and data science education. The partnership will capitalize on the strengths and expertise of both institutions to deliver cutting-edge training and innovative learning experiences.</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-9-SG-NUS.jpg" alt="" />
<figcaption class="image-caption">NUS-ISS CEO Khoong Chan Meng (Photo source: NUS-ISS)</figcaption>
</figure>
<p>Under this strategic agreement, NUS-ISS will offer its AI and data science courses through FIT to empower professionals and students in and outside of Memphis by sharing essential digital skills.</p>
<p>Starting September 2024, adult learners and students of FIT can take up NUS-ISS’ Executive Education courses in Data Driven Decision Making, Data Storytelling, and Machine Reasoning (AI). From October 2024, it will add two other courses: Managing Business Analytics Projects and Problem-Solving Using Pattern Recognition. </p>
<p>“This strategic partnership with The FedEx Institute of Technology at the University of Memphis marks a significant step towards advancing global education in data science, machine learning, and artificial intelligence. It also represents a unique opportunity to merge our training expertise with FIT’s innovative spirit,” said <strong>NUS-ISS CEO Khoong Chan Meng.</strong></p>
<p>“At NUS-ISS, we are committed to providing high-quality training that empowers professionals to thrive in today's dynamic technological landscape. Together, we will cultivate a skilled workforce capable of harnessing the power of digital to address complex challenges and drive innovation across industries,” he added.</p>
<p>Meanwhile, <strong>Prof. Jasbir Dhaliwal, Executive Vice President for Research & Innovation at the University of Memphis and Executive Director of the FedEx Institute of Technology</strong>, said, “In an increasingly interconnected world, global partnerships are central to servicing the technology skills needs of global corporations.”</p>
<p>“This significant partnership in artificial intelligence with the top university in Asia builds on the recent announcement that Elon Musk’s xAI is building the world’s largest supercomputer (its gigafactory of computing) in Memphis. It helps us position our region as the AI capital of Tennessee and the Southeast serving global markets and clients,” Dhaliwal added.</p>
<p>NUS-ISS is known for its comprehensive portfolio of programs in critical industry disciplines, such as data science, artificial intelligence, software development, cybersecurity, and digital strategy. Course participants will benefit from NUS-ISS’ unique learning pathways, which combine rigorous academic knowledge with practical industry insights.</p>
<p>The courses will be conducted both online and in-person, ensuring accessibility and flexibility for all learners. FIT will oversee the organization and marketing of the courses, ensuring they reach the right audience and maximize impact.</p>
<p>The multi-year partnership is a testament to the power of global collaboration in driving educational excellence and innovation and designed to be dynamic and responsive to the evolving needs of the digital landscape. Both FIT and NUS-ISS are committed to continuously reviewing and enhancing the course offerings, ensuring they remain at the forefront of technological advancement.</p>',
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'title' => 'Bent on taking New York, one bento box at a time',
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'description' => 'Founded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City.',
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'content' => '<p>Founded originally as FUJI Catering in 2006, the Japanese ready-meal business <strong>BentOn</strong> began as a humble dream by <strong>Toru Furukawa,</strong> a third-generation <em>bento</em> (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese <em>bento</em> culture to New York City.</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-9-NYNJ-BentOn.jpg" alt="" />
<figcaption class="image-caption">BentOn founder and owner Toru Furukawa in the early years of his career (Photo Source: BentOn)</figcaption>
</figure>
<p>Fueled mostly by ambition, Furukawa grew his business from a humble catering service into a culinary supplier for major events, garnering a loyal following in the wake of his success. From his signature bento boxes and <em>donburi</em> (rice bowls) to a variety of warm and cold noodles, BentOn’s menu is a showcase of authentic Japanese cuisine.</p>
<p>Later on, BentOn began catering for larger gatherings with its party platters and <em>bento</em> styles tailored to fit any occasion and budget, all the while sticking to its commitment to quality and authenticity.</p>
<p>“When I came to the U.S., not too many people knew what a bento box was. Now, more and more people have become familiar with it and now understand what a well-balanced lunchbox looks like,” Furukawa told GMI POST.</p>
<p>Apart from popularizing the concept of bento in the United States, Furukawa has also redefined the meaning of healthy ready-to-eat meals for very busy urbanites accustomed to American-style fast food.</p>
<p>BentOn's growth is marked by several notable milestones, including the introduction of <em>bento </em>on-demand and the opening of a state-of-the-art <em>bento f</em>actory in Long Island, which prepares thousands of balanced and nutritious boxed meals daily for households across the country.</p>
<p>Looking beyond the growth of his business, Furukawa also wants BentOn to engage more closely with the local community through collaborations with non-profit organizations and participation in local events.</p>
<p>“I didn't have high expectations for the potential of a Japanese meal kit. But now, I have come to see that there's actually so much. I actually saw that the Midwest also has a big market for what I have to offer,” Furukawa said.</p>
<p>Through his innovative approach and relentless pursuit of excellence, Furukawa has not only brought a taste of Japan to New York but has also made the <em>bento</em> box a beloved staple for lovers of Japanese food.</p>',
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'title' => '3 KPI-tracking tools to propel your business',
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'description' => 'The foundation of a solid growth strategy for any business is its Key Performance Indicators (KPIs). But are you still using Excel spreadsheets to track your key metrics?',
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'content' => '<p>The foundation of a solid growth strategy for any business is its Key Performance Indicators (KPIs). But are you still using Excel spreadsheets to track your key metrics?</p>
<p>KPIs are crucial for every business because they help quantify and track its objective by measuring the effectiveness of current operations and anticipating necessary decisions. But, determining which KPIs to consider requires analyzing countless data points generated throughout the business.</p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK9-CAMB-Growth-KPIs.jpg" alt="" /></p>
<p>Unless your firm invests in complex data warehouse solutions or has a dedicated team to process large volumes of data, many crucial data points and potential KPIs might remain hidden.</p>
<p>Here are three tools that automate the analytics process and help visualize the most important KPIs for your business’s growth.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Geckoboard: Real-time dashboards to track your SMART goals</strong></span></p>
<p> </p>
<p>Trusted by renowned brands like Ikea, AirBnB and Sephora, Geckoboard helps businesses create live dashboards that highlight the most important performance metrics. This tool can pull data from 90 diverse data sources, features a drag-and-drop interface, and integrates easily with popular software like Excel, Google Analytics, and Salesforce.</p>
<p>Ideal for fast-moving firms that need to see their KPIs at a glance and require the flexibility to design their own visual dashboards, Geckoboard is one of the simplest and easiest-to-use KPI-tracking tools in the market.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>SimpleKPI: For businesses just starting out</strong></span></p>
<p> </p>
<p>Looking for an all-in-one KPI tool for your small business and one that is free? Then SimpleKPI is the answer. With more than 1,000 companies using this tool to create interactive dashboards, shareable reports, and deep-dive data analysis, the tool’s user-friendly features help businesses streamline their operations.</p>
<p>SimpleKPI integrates with the Microsoft suite and other analytics tools and offers 24/7 customer support. With SimpleKPI, businesses can view their data from various perspectives.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Asana: Combining project management tools with KPI tracking</strong></span></p>
<p> </p>
<p>Chosen by 85% of Fortune 100 companies around the world, Asana is an AI-powered work management tool that seamlessly connects the workflow of different departments and allows KPI-tracking at the team and project level. Through a ‘card system’, management can create tasks and objectives and also assign team members to them. The cards help track individual progress, while the dashboard gives a tactical overview of the entire project. </p>
<p>These tools can transform how your business tracks and utilizes KPIs, leading to more informed decisions and sustainable growth.</p>',
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'title' => 'U.S. chipmaker to invest $3.7 billion in Japan',
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'description' => 'Micron Technology Inc. has announced plans to invest up to $3.7 billion (500 billion Japanese yen) in extreme ultraviolet technology over the next few years to introduce EUV technology in the production of memory chips in Japan, the company said in a statement.',
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'content' => '<p><strong>Micron Technology Inc.</strong> has announced plans to invest up to $3.7 billion (500 billion Japanese yen) in extreme ultraviolet technology over the next few years to introduce EUV technology in the production of memory chips in Japan, the company said in a 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-8-Micron-CEO-Sanjay-Mehrotra.jpg" alt="" />
<figcaption class="image-caption">Micron President CEO Sanjay Mehrotra (Photo Source: DigiTimes)</figcaption>
</figure>
<p>The announcement comes after the U.S. chipmaker started mass production of its new high-capacity, low-power 1-beta dynamic random access memory (DRAM) chips at its plant in Hiroshima last year. DRAM chips are used in digital electronics that require high memory -capacity, such as PCs, laptops, smartphones, and tablets.</p>
<p><strong>Micron President CEO Sanjay Mehrotra</strong> said at the time: “We are proud to be the first to use EUV in Japan and to be developing and manufacturing 1-gamma at our Hiroshima fab. Our plans reflect our continued commitment to Japan, strong relationship with the Japanese government and the exceptional talent of our Micron Hiroshima team.”</p>
<p>During the celebration of Micron Technology’s 45th anniversary, Satoshi Nohara, the director-general of the Commerce and Information Policy Bureau under Japan’s Ministry of Economy, Trade and Industry), expressed the government’s support for the company’s planned investments.</p>
<p>“Micron is the only company that manufactures DRAM in Japan and is critical to setting the pace for not only the global DRAM industry but our developing semiconductor ecosystem. We are pleased to see our collaboration with Micron take root in Hiroshima with state-of-the-art EUV to be introduced on Japanese soil. This will not only deepen and advance the talent and infrastructure of our semiconductor ecosystem, it will also unlock exponential growth and opportunity for our digital economy,” Nohara said.</p>',
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'title' => 'World's largest vertical strawberry farm rises in New Jersey',
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'content' => '<p>New Jersey now hosts the world’s first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup <strong>Oishii </strong>and founded by Japanese entrepreneur<strong> Hiroki Koga</strong>, whose mission is to “share the appeal of high-quality Japanese fruit with the world.”</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-8-Oishii-Co-founder-and-CEO-Hiroki-Koga.jpg" alt="" />
<figcaption class="image-caption">Oishii Co-founder and CEO Hiroki Koga</figcaption>
</figure>
<p>The farm produces authentic, pesticide-free Japanese varieties of strawberries year-round, using AI to control environmental conditions like temperature, humidity, and light. This technology replicates the optimal harvest conditions found in Japan.</p>
<p>Once the strawberries reach perfect ripeness, robots harvest them. The farm is sealed fully from the outside environment to prevent insect and germ contamination and maintain the purity of the harvest. The facility is also eco-friendly as it uses recycled water for irrigation and renewable energy for electricity.</p>
<p>Koga was inspired to start Oiishii in 2016 shortly after arriving in the United States, dismayed by the local fruit industry’s focus on quantity over quality. Determined to introduce Japanese fruit culture to the country, he bought Omakase Berry seeds from the Japanese Alps to New York and set up the first indoor vertical strawberry farm in the state.</p>
<p>Since starting production in 2017, Oishii’s strawberries have gained popularity for their distinct sweetness and aroma even if their prices are more than three times higher those of U.S. brands.</p>
<p>In February, Oishii announced it had received around $126.5 million (20 billion Japanese yen) in funding from NTT Corp, Mizuho Bank, and other investors and will use most of the investment to build a new indoor strawberry farm.</p>',
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'content' => '<p><strong>Choose New Jersey</strong> inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.</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-8-NJ-Asia-Pacific-Center.jpg" alt="" />
<figcaption class="image-caption">Top officials and industry leaders attend the inauguration of the New Jersey Asia Pacific Center in Taipei, Taiwan. (Photo source: New Jersey Business Magazine)</figcaption>
</figure>
<p>“With the historic inauguration of the New Jersey Asia Pacific Center, we are unleashing new possibilities and prosperity for our workers and families in New Jersey, in Taiwan, and across the Asia Pacific region,” said <strong>Gov. Phil Murphy.</strong></p>
<p>Present at the event was <strong>Choose New Jersey President and CEO Wesley Mathews, </strong>who said, “The opening of the New Jersey Asia Pacific Center marks a critical milestone in our efforts to enhance our presence in some of the world’s most significant economic markets.”</p>
<p>Mathews also expressed his excitement about sharing the advantages of New Jersey's world-class talent, location, and innovation-driven economy with partners in the Asia Pacific.</p>
<p>In a video message, <strong>Taiwan Vice President Hsiao Bi-khim</strong>, a former New Jersey resident, highlighted the center's potential to boost trade and investment. “I am confident that the opening of the New Jersey Asia Pacific Center will provide strong momentum in boosting trade, investment, and people-to-people ties between Taiwan and the Garden State,” she said.</p>
<p>The center, headed by <strong>Sam Lin</strong>, is the group’s fifth international office, joining others in India, Israel, Germany, and Ireland. Lin stressed the center’s role in facilitating increased trade and collaboration, particularly in sectors crucial to New Jersey's economic success, such as technology, life sciences, and clean energy.</p>
<p>The event also featured remarks from <strong>Taiwanese Foreign Ministry Secretary General Daniel Diann-Wen Tang</strong>, who told those present, “We appreciate Governor Murphy’s decision to establish New Jersey’s first Asia Pacific Center in Taiwan as it reflects the strategic understanding of Taiwan’s role as a gateway to the broader Indo-Pacific region.”</p>',
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'description' => 'What has it been like for America's top culinary school to operate in Singapore, now one of the world's leading food destinations? In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America's (CIA) faculty in Singapore for more than 14 years.
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'content' => '<p>What has it been like for America’s top culinary school to operate in Singapore, now one of the world's leading food destinations? </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-8-SG-CIA-Singapore-Eve-Felder-Managing-Director.jpg" alt="" />
<figcaption class="image-caption">Culinary Institute of America in Singapore Managing Director Eve Felder (Photo source: CIA Singapore)</figcaption>
</figure>
<p>In an interview with GMI POST, <strong>chef and educator Eve Felder</strong> shared her experiences as the managing director of the <strong>Culinary Institute of America’s (CIA)</strong> faculty in Singapore for more than 14 years.</p>
<p>“I always love to say that Singapore is run like a company, said Felder, who applauds the government’s commitment to be forward-looking.</p>
<p>It was in 2010 when the city-state revealed its plans to become the top tourist destination in Asia and the world with the building of Marina Bay Sands and Resorts World Sentosa. It was around the same time the CIA set up its faculty in Singapore.</p>
<p>As head of the Singapore faculty, Felder is committed to making the dreams of her students a reality by exposing them to world-renowned chefs and nurturing in them a healthy relationship with food, while respecting their culinary heritage.</p>
<p>“These young people love Asian food and work in concepts that honor their heritage,” she said.</p>
<p>Because land-scarce Singapore imports 90% of its food, CIA understands the huge challenge of imparting the need to create nutritious and top-quality dishes. To her delight, the government and large food brands agree that chefs can play an important role in forming policies on food safety and production.</p>
<p>Through its partnership with Temasek Polytechnic and Singapore Institute of Technology, CIA, under Felder, will produce the next generation of leaders in Singapore’s food industry and culinary scene.</p>',
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'title' => 'Top Cambodian lawyer shares insights on purposeful leadership',
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'description' => 'A senior partner in a well-known law firm in Cambodia, Khieu Mealy has been recognized as one of the best intellectual property experts by various organizations in the country and Southeast Asia, like CMO Asia and Asia Law.',
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'url' => 'top-cambodian-lawyer-shares-insights-on-purposeful-leadership',
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'content' => '<p>A senior partner in a well-known law firm in Cambodia,<strong> Khieu Mealy</strong> has been recognized as one of the best intellectual property experts by various organizations in the country and Southeast Asia, like CMO Asia and Asia Law.</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-8-CAMB-Sok-Siphana-Khieu-Mealy-Senior-Partner-.jpg" alt="" />
<figcaption class="image-caption">Sok Siphana & Associates Senior Partner Khieu Mealy (Photo source: Sok Siphana & Associates)</figcaption>
</figure>
<p>Alongside her professional commitments at <strong>Sok Siphana & Associates</strong>, Mealy helps form the country’s future leaders by acting like a wise <em>ming</em> (aunt) to young women looking for a mentor.</p>
<p>“In my view, all of us are leaders no matter where we are standing or what we do,” she said.</p>
<p>With a staff comprising mostly young females, Mealy has taken it upon herself to coach and motivate them to become respected members of Cambodia’s legal sector.</p>
<p>“When we recruit, we focus on developing their character and behavior. I encourage my staff to stay informed about market trends, join business networking events, and find ways to differentiate themselves,” she explained.</p>
<p>In the early 1990s, Mealy spent four years as a housewife in Geneva to husband Sok Siphana, who had held various positions in government as a minister and worked as legal adviser to some international organizations, before opening the law firm in 1998 and overseeing its expansion outside the capital Phnom Penh. That career change came with some challenges.</p>
<p>“My introverted nature was a key internal challenge in the early stages. I was reluctant to reach out to people and felt stressed when setting appointments with high-ranking government officials. Language was another barrier as English is not my mother tongue,” she said.</p>
<p>These challenges, however, taught Mealy many important life lessons and honed her business acumen</p>
<p>“From my challenges, I have learned to be mindful of the environment and be proactive in dealing with issues,” she said.</p>
<p>Consistent and transparent communication with stakeholders at all levels also helped her apply these lessons effectively, in addition to forming strong and dynamic teams.</p>
<p>“I strongly believe that I cannot do everything alone and need people who share my vision and mission to achieve our collective ambitious objectives,” Mealy said.</p>
<p>By creating a workplace that is open, constructive, and feedback-oriented, Mealy empowers her staff to make decisions and, take risks, thus giving them the space and opportunity to excel. She and he staff live by two important values: fairness and well-being.</p>
<p>For the next generation of young female entrepreneurs and professionals, Mealy’s advice is simple: “Know your self-worth and assess your strengths and weaknesses fairly. Never be afraid of grabbing opportunities and hesitating to reach out for advice when faced with challenges.”</p>',
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'title' => 'Empowering women in the culinary world: The journey of Tomoko Omori',
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'description' => 'Only 20% of head chefs identify as women, according to 2023 data from recruitment website Zippia, which also showed that only 34% of restaurants in the United States are owned by women. Based on that report, gender equality in the culinary field remains a challenge, but one New York-based company is doing everything it can to even the scales. ',
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'content' => '<p>Only 20% of head chefs identify as women, according to 2023 data from recruitment website Zippia, which also showed that only 34% of restaurants in the United States are owned by women. Based on that report, gender equality in the culinary field remains a challenge, but one New York-based company is doing everything it can to even the scales.</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-8-NYNJ-Katsu-Zen-Tomoko-Omori-Founder-and-CEO.jpg" alt="" />
<figcaption class="image-caption">Katsu Zen founder and CEO Tomoko Omori (Photo source: Katsu Zen)</figcaption>
</figure>
<p>GMI POST spoke with <strong>Katsu Zen founder and CEO Tomoko Omori</strong>, who has made it her mission to raise women’s roles in the restaurant industry by mentoring and advocating for women entrepreneurs wanting a career in the food business.</p>
<p>Calling itself “the gateway to successfully launching a restaurant in the United States,” Katsu Zen USA provides restaurateurs with customized online courses, exclusive restaurant tours, access to food and beverage events, comprehensive market research, and marketing strategies.</p>
<p>It also organizes lectures on U.S. market expansion, property and franchise acquisition, operations management, and leadership.</p>
<p>Outside of Katsu Zen, Omori reaches out to fellow professionals as a writer and motivational speaker, sharing her journey and insights across the country. Her role as a board member of the New York Japanese Restaurant Association strengthens her influence in the industry.</p>
<p>Asked about her experience as a woman in the culinary field, Omori said: “As women, it seems common around the world for us to accept our weaknesses, support each other, and learn from each other. I realized this for the first time when I was surrounded by female entrepreneurs at an EO Global event in Hiroshima. It was the first time I was surrounded with women entrepreneurs, especially Asian women entrepreneurs.”</p>
<p>“Women are beautiful – soft on the outside but strong and supportive deep down. I have so much admiration for them and I get inspired by all their journeys,” she added.</p>
<p>Through her work in and out of Katsu Zen, Omori hopes to embody the spirit of innovation and empowerment.</p>',
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'description' => 'With the global space economy projected to be worth $1 trillion by 2040, it looks like companies in the United States and Japan want to stay ahead of the competition.',
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'content' => '<p>With the global space economy projected to be worth $1 trillion by 2040, it looks like companies in the United States and Japan want to stay ahead of the competition.</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-8-Space-Economy.jpg" alt="" />
<figcaption class="image-caption">A rendering of Sierra Space's Dream Chaser spaceplane in orbit. (Photo source: Sierra Space)</figcaption>
</figure>
<p>In 2021, IHI Aerospace worked with the Japan Aerospace Exploration Agency to build a docking system that complied with the International Docking System Standard (IDSS). Both their active and passive docking systems are expected to be important supporting technologies for NASA’s Artemis Program.<br /><br />IHI Aerospace, according to an article in Nikkei Asia, will start delivery of docking connectors for Sierra Space by 2026. <strong>Sierra Space</strong> is a privately owned aerospace and space technologies company based in Louisville, Colorado, and provides a mix of products and services in three areas: transportation, destinations, and applications.</p>
<p>“There is potential for Japanese products to expand export opportunities even beyond Sierra,” said a representative from Japan-owned Kanematsu, whose activities include aerospace and space-related technologies.</p>
<p>Meanwhile, Steve Berroth, general manager and senior vice president of Sierra Space’s Earth Space Systems said: “Our mission at Sierra Space is to create a platform in space to benefit life on Earth. In realizing that vision, safety is paramount in everything we do in commercial space station design and development.”</p>
<p>“IHI Aerospace shares this commitment and we are confident that the company’s passive docking system is the optimal technology to integrate into our platform,” he added.</p>
<p>Last September, four Japanese companies – Tokio Marine, MUFG Bank, Kanematsu, and Nichido Fire – raised $290 million to back Sierra Space’s project to develop the world’s first commercial space station. With the increased funding, the much-anticipated successor to the International Space Station is now valued at $5 billion.</p>',
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'title' => 'U.S. Steel, Nippon Steel bag non-U.S. approvals for mega-merger',
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'description' => 'U.S. Steel and Japan's Nippon Steel have secured all the needed regulatory approvals outside the United States related to its planned $14.9 billion merger. ',
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'content' => '<p><strong>U.S. Steel</strong> and Japan's <strong>Nippon Steel</strong> have secured all the needed regulatory approvals outside the United States related to its planned $14.9 billion merger. The deal, which will create one of the world’s largest steel producers, now requires the approval of U.S. regulatory and antitrust authorities.</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-8-Nippon-Steel.jpg" alt="" />
<figcaption class="image-caption">Based in Tokyo, Nippon Steel outbid other global giants, like Cleveland-Cliffs, ArcelorMittal, and Nucor, to buy U.S. Steel. (Photo source: Nikkei Asia)</figcaption>
</figure>
<p>The transaction, however, has faced opposition from U.S. President Joe Biden and the powerful United Steelworkers. The president expressed his wish that U.S. Steel remain domestically owned, while the union fears potential job losses.</p>
<p>The U.S. Department of Justice is also scrutinizing the deal, adding another layer of regulatory examination.</p>
<p>To allay those fears, Nippon Steel has pledged to honor all existing agreements between U.S. Steel and the steelworkers union. Additionally, Nippon Steel has committed to moving its U.S. headquarters to Pittsburgh to align more closely with U.S. Steel's base of operations.</p>
<p>The merger has already received approval from the European Commission, Mexican Federal Economic Competition Commission, Serbian Competition Commission, Slovakia's Ministry of Economy, Turkey's Competition Authority, and the UK's Competition and Markets Authority, among others.</p>
<p>“We are pleased with the regulatory approvals received as they are a clear indication that the transaction with Nippon Steel is pro-competitive and supports the strategic merits of foreign investment,” said <strong>U.S. Steel President and CEO David B. Burritt</strong>.</p>
<p>“Together with Nippon Steel, U.S. Steel will become a world-leading steelmaker with enhanced technologies and resources to support a stronger steel industry with enhanced competition. This deal is the best deal for American steel, the best deal for American jobs and the best deal for America’s ability to create an even stronger alliance with Japan against China,” he added.</p>
<p>Meanwhile, <strong>Nippon Steel Representative Director and Vice Chairman Takahiro Mori</strong> said: “We appreciate this significant milestone of receiving regulatory approvals necessary to consummate the transaction from all non-U.S. authorities. Our goal for this transaction has been clear and consistent – to protect and grow U.S. Steel. We are confident that this transaction will be for the benefit of all of U.S. Steel’s stakeholders, including customers, employees, suppliers, and communities.”</p>
<p>In April, U.S. Steel shareholders voted overwhelmingly for the merger. Of 71% of outstanding shares that participated, 99% backed the deal. The companies hope to finalize the sale in the second half of 2024, contingent on obtaining the necessary U.S. regulatory approvals.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, 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.',
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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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<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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'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>
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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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'description' => 'Choose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.',
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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-US-Jap-WK-8-NJ-Asia-Pacific-Center.jpg" alt="" />
<figcaption class="image-caption">Top officials and industry leaders attend the inauguration of the New Jersey Asia Pacific Center in Taipei, Taiwan. (Photo source: New Jersey Business Magazine)</figcaption>
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<p>“With the historic inauguration of the New Jersey Asia Pacific Center, we are unleashing new possibilities and prosperity for our workers and families in New Jersey, in Taiwan, and across the Asia Pacific region,” said <strong>Gov. Phil Murphy.</strong></p>
<p>Present at the event was <strong>Choose New Jersey President and CEO Wesley Mathews, </strong>who said, “The opening of the New Jersey Asia Pacific Center marks a critical milestone in our efforts to enhance our presence in some of the world’s most significant economic markets.”</p>
<p>Mathews also expressed his excitement about sharing the advantages of New Jersey's world-class talent, location, and innovation-driven economy with partners in the Asia Pacific.</p>
<p>In a video message, <strong>Taiwan Vice President Hsiao Bi-khim</strong>, a former New Jersey resident, highlighted the center's potential to boost trade and investment. “I am confident that the opening of the New Jersey Asia Pacific Center will provide strong momentum in boosting trade, investment, and people-to-people ties between Taiwan and the Garden State,” she said.</p>
<p>The center, headed by <strong>Sam Lin</strong>, is the group’s fifth international office, joining others in India, Israel, Germany, and Ireland. Lin stressed the center’s role in facilitating increased trade and collaboration, particularly in sectors crucial to New Jersey's economic success, such as technology, life sciences, and clean energy.</p>
<p>The event also featured remarks from <strong>Taiwanese Foreign Ministry Secretary General Daniel Diann-Wen Tang</strong>, who told those present, “We appreciate Governor Murphy’s decision to establish New Jersey’s first Asia Pacific Center in Taiwan as it reflects the strategic understanding of Taiwan’s role as a gateway to the broader Indo-Pacific region.”</p>',
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New Jersey opens first investment promotion center in Asia
Choose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with ...
