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'content' => '<p>In the last few years, global conglomerates announced their ESG pledges (environmental, social, governance) as companies around the world strive to become more responsible corporate citizens. But how many of them have fulfilled their promises?</p>
<p><span style="font-family: helvetica; font-size: 20pt;"><strong>What is ESG? <br /></strong></span></p>
<p>The United Nations has defined ESG as the supporting framework that contains non-financial elements of its Sustainable Development Goals (SDGs), which include a wide range of environmental, social and governance policies prioritized by national governments.</p>
<p>As of 2023, Forbes reported that only 900 out of more than 2,000 of the world’s largest companies have set forth reliable action plans based on their ESG pledges. If these companies don’t act urgently, according to the same report, the global economy stands to lose around $178 trillion by the year 2070.</p>
<p>Additionally, businesses face challenges that are not limited to incomplete data, inconsistent policies, reduced budgets, internal organizational conflicts and external politico-economic landscape.</p>
<p>Given those challenges, big companies need help to meet their sustainability goals. And that is why <strong>Eco BCG</strong> was founded in 2009.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-GP-ESGs.jpg" alt="" />
<figcaption class="image-caption">Eco BCG President and CEO Sergio Castillo</figcaption>
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<p>“Sustainability is difficult to deploy. Why? Because each business is independent. They have different priorities and goals when it comes to productivity, quality, safety, and sustainability. Corporations have quite a hard time, and that's where we come in,” <strong>Eco BCG President and CEO Sergio Castillo</strong> said in an interview with Inc 5000.</p>
<p>His brainchild, currently ranked as the #1 fastest-growing engineering company in the U.S., offers a structured approach to evaluation, opportunity identification, design, engineering, project justification and management.</p>
<p>According to its official website, Eco BCG’s successful implementation can help firms reduce carbon emissions by as much as 40%.</p>
<p>Although some of the largest brands have stepped back from their big climate pledges and softened their climate targets, Eco BGC helps smaller companies, like itself, make their own mark in the global pursuit of a greener future.</p>',
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'description' => 'Standard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.',
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'content' => '<p><strong>Standard Chartered Bank</strong>, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-BANGLA-Standard-Chartered.jpg" alt="" />
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<p>From extending credit lines to an independent Bangladesh to being the first to introduce banking technologies such as ATMs, debit cards, credit cards, international debit cards, and Shariah-compliant credit cards, Standard Chartered Bangladesh has continually demonstrated its commitment to driving progress and accessibility in banking services.</p>
<p>“For us, it's not only about banking but also about community engagement perspective. We are engaged in the agricultural sector, the environment, in education, and entrepreneurship. These activities have helped us understand the fabric of the country,” said<strong> Standard Chartered Bank Bangladesh CEO</strong> <strong>Naser Ezaz Bijoy.</strong></p>
<p>According to Bijoy, last year marked significant milestones for both Bangladesh and Standard Chartered Bank. The bank had the privilege of contributing to landmark projects and initiatives such as the Padma Rail Link, Terminal 3 of Hazrat Shahjalal International Airport (HSIA), and the country's largest 60-megawatt wind-based power plant.</p>
<p>Bijoy also emphasized the importance of sustainability in Bangladesh's development journey, particularly in the face of climate change challenges.</p>
<p>“Sustainability is a big area of focus for Standard Chartered Bank Bangladesh because Bangladesh is one of the most vulnerable countries affected by climate change. And I’m happy to share that Bangladesh has already signed the agreement for net zero by 2050. But to make the country’s clean energy transition happen, significant help is required. And we will be there to help,” he told GMI POST.</p>
<p>During the interview, Bijoy also highlighted Japan as a potential key partner for Bangladesh's economic growth and sustainability aspirations. He expressed optimism about leveraging partnerships with Japanese investors to bolster Bangladesh's ecosystem and propel its sustainable development agenda forward.</p>
<p>“When we visit Japan, we hope to pitch to large investors so that we can attract them and help us set up the ecosystem in the country,” said Bijoy, who added that the bank’s goal is to engage with foreign investors that will further catalyze Bangladesh’s journey towards a sustainable future.</p>',
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'description' => 'As the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto "Creating for Tomorrow," Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time. ',
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'content' => '<p>As the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto “Creating for Tomorrow,” <strong>Asahi Kasei Plastics North America (APNA) </strong>has overhauled its production process by gradually adapting one eco-friendly initiative at a time.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-GL-Asahi-Kasei.jpg" alt="" />
<figcaption class="image-caption">Phani Nagaraj, incoming president and COO of Asahi Kasei Plastics North America</figcaption>
</figure>
<p>Through its Triple Bottom Line approach, wherein people and the planet are prioritized over profit, APNA has implemented several initiatives that have contributed to the global effort to protect the environment and do its part in becoming a conscientious corporate citizen.</p>
<p>“We aim to prioritize embracing sustainable practices in every aspect of our operations to reduce the impact our products and processes may have on the environment. We want to ideally achieve zero waste in short order,” said <strong>Phani Nagaraj, </strong>the incoming president and COO of APNA.</p>
<p>One of APNA’s flagship initiatives is its commitment to achieve ‘Zero Waste to Landfills by 2025’ across its three U.S. locations. This is a mission embraced by every corner of the company as each location has dedicated teams to meticulously analyze waste streams, and in-house recycling stations that tackle everything from metal to plastic.</p>
<p>But its commitment doesn’t stop at the office and factory doors. APNA urges its employees to join its sustainability journey by championing initiatives, like water conservation and emission reduction. The company hopes to foster a culture wherein every individual understands their role in building a greener tomorrow.</p>
<p>Beyond its operations, APNA is also committed to giving back to the local community.</p>
<p>“We believe in working together to grow not only our company but also the community and the customers we serve,” Phani told GMI POST.</p>
<p>Through annual fundraising events and volunteer opportunities, APNA wants to become a good corporate citizen that makes a tangible difference in their local community. Its partnership with Operation Clean Sweep further demonstrates its dedication to environmental stewardship by minimizing pellet, flake, and powder residues released into the environment.</p>
<p>Last year, APNA was named the top fundraiser for a United Way event in Livingston County.</p>
<p>For APNA, business isn’t the only priority. Its mission includes building relationships and making a positive impact where it matters most. One thing remains clear: with APNA, the world can look to a future that is brighter and greener.</p>',
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'id' => '545648',
'title' => 'Mitsubishi Heavy Industries invests in Texas-based Fervo Energy ',
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'description' => 'Japanese giant Mitsubishi Heavy Industries (MHI) has invested in Fervo Energy, a Houston-based startup pioneering enhanced geothermal systems (EGS), in line with its strategy to increase its activities in green energy and its commitment to build a carbon-neutral world.',
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'content' => '<p>Japanese giant <strong>Mitsubishi Heavy Industries (MHI)</strong> has invested in<strong> Fervo Energy</strong>, a Houston-based startup pioneering enhanced geothermal systems (EGS), in line with its strategy to increase its activities in green energy and its commitment to build a carbon-neutral world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-Bangla-WK-6-US-Japan-Mitsubishi-Fervo.jpg" alt="" />
<figcaption class="image-caption">Fervo Energy's geothermal facility in Houston Texas</figcaption>
</figure>
<p>Capitalizing on advancements in geoscience and innovations from the oil and gas sector, Fervo Energy is developing the full potential of geothermal energy as a reliable and economical power source. Breakthroughs in horizontal drilling and distributed fiber optic sensing have allowed Fervo to transform untapped reservoirs of hot rock beneath the earth's surface into valuable sources of energy.</p>
<p>Through its subsidiary <strong>Mitsubishi Heavy Industries America, Inc. (MHIA)</strong>, MHI joins a consortium of investors, which include Devon Energy Corp. and Marunouchi Innovation Partners. This collaboration underscores MHI’s dedication to developing innovative solutions for decarbonizing existing infrastructure and building a sustainable energy ecosystem.</p>
<p>Geothermal energy holds immense promise for the future electric grid as it offers deployable power without the intermittency of solar and wind energy.</p>
<p>Fervo Energy's advancements in drilling technology and subsurface analytics have also made geothermal energy cost-competitive and expanded geothermal resources through the exploration of normally inaccessible locations.</p>
<p>Through its investment in Fervo Energy, MHI wants to provide its customers with alternative green energy solutions and help ensure a sustainable future.</p>',
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'id' => '545649',
'title' => 'Sailing into success: U.S. and Japan strengthen maritime alliance',
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'description' => 'U.S. Secretary of Navy Carlos Del Toro embarked on his third official trip to Japan this month to bolster maritime cooperation and shipbuilding capabilities between the two nations.',
'credit_id' => '48',
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'url' => 'sailing-into-success-us-and-japan-strengthen-maritime-alliance',
'tags' => 'US, Japan, Defense, Shipbuilding',
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'content' => '<p><strong>U.S. Secretary of Navy Carlos Del Toro</strong> embarked on his third official trip to Japan this month to bolster maritime cooperation and shipbuilding capabilities between the two nations.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK-6-US-Japan-Shipbuilding.jpg" alt="" />
<figcaption class="image-caption">U.S. Secretary of the Navy Carlos Del Toro (left) and Japan Defense Minister Kihara Minoru</figcaption>
</figure>
<p>The two-day visit began with a luncheon, hosted by U.S. Ambassador Rahm Emanuel, between Del Toro and leading figures from Japan’s shipbuilding industry, among them the president of Namura Shipbuilding Co. and the senior vice president of Integrated Defense and Space Systems of Mitsubishi Heavy Industries.</p>
<p>Discussions focused on the prospect of integrating commercial and naval shipbuilding facilities within the U.S. and the possibility of inviting Japanese investors to these ventures.</p>
<p>Day Two saw Del Toro’s itinerary packed with high-level meetings, including engagements with Japan’s national security advisor, minister of defense, and head of the navy, as well as with a tour of Mitsubishi’s shipyard in Yokohama.</p>
<p>The visit is a vital part of Del Toro’s ambitious “Maritime Statecraft Strategy,” which calls for the modernization and expansion of the U.S. shipbuilding industry through strategic partnerships with allies like Japan and South Korea.</p>
<p>Last year, in an address to the Harvard Kennedy School, Del Toro highlighted the vast potential for collaboration with allies such as Japan, saying: “The U.S. maritime industry is ripe with opportunity to partner with our closest allies overseas.”</p>
<p>Through his strategy, the secretary of the navy hopes to convince the world’s most advanced shipbuilding companies to the U.S. and invest in its commercial shipyards, which would fortify the nation’s shipbuilding capabilities and cultivate a skilled workforce.</p>
<p>“The U.S.-Japan Alliance is the cornerstone of peace, security, and prosperity in the Indo-Pacific region and beyond. I am here to reaffirm the Department of the Navy’s long-standing partnership with the defense forces of Japan and to strengthen that partnership even further,” Del Toro said during his visit.</p>
<p>Secretary Del Toro’s visits strengthen the foundation for a multifaceted partnership, one that transcends economics and is characterized by a collaborative approach.</p>',
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'title' => 'Greater Lexington is among top metros for economic development',
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'description' => 'Kentucky Gov. Andy Beshear has celebrated the Greater Lexington region's high ranking in Site Selection magazine's annual report on economic development activity. In the report, the region jumped into the Top 10 in both total projects and projects per capita, Tier 2 metros with a population between 200,000 and 1 million. ',
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'url' => 'greater-lexington-is-among-top-metros-for-economic-development',
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'content' => '<p><strong>Kentucky Gov. Andy Beshear</strong> has celebrated the Greater Lexington region’s high ranking in Site Selection magazine's annual report on economic development activity. In the report, the region jumped into the Top 10 in both total projects and projects per capita, Tier 2 metros with a population between 200,000 and 1 million.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GP-WK-6-US-Japan-Kentucky-Funai.jpg" alt="" />
<figcaption class="image-caption">Kentucky Gov. Andy Beshear</figcaption>
</figure>
<p>In an interview with <em>The Lane Report, </em><strong>Commerce Lexington Inc.’s Executive Vice President of Economic Development Gina Greathouse said, “</strong>We are very excited about this new recognition for the region.”</p>
<p>Site Selection attributed Greater Lexington’s success to its strong emphasis on improvements to make the region more attractive to foreign investors and improve the skills of its workforce. Among the newest investors from Japan is <strong>Funai Microfluidic Solutions (Funai), </strong>which<br />relocated its business unit headquarters from Osaka, Japan last year.</p>
<p><strong>Lexington City Chief Development Officer Kevin Adkins </strong>said it was the first time a Japanese company moved its headquarters to Kentucky and made Lexington its home.</p>
<p>“The relocation of our headquarters to Lexington was a natural progression as our facility transitioned from an R&D center to the driver of our global strategy. This facility’s unique blend of pioneering technology and exceptional skill sets fuels our vision,” said <strong>Funai Chief Technology Officer Mike Marra</strong>.</p>
<p>Lexington has positioned itself as a home for innovative technologies by fostering a culture of competency and trust. The recent arrival of Funai has affirmed Greater Lexington’s transformation into a modern investment hub.</p>',
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'id' => '545645',
'title' => 'Dealing with the angry customer in an omnichannel world',
'description_old' => null,
'description' => 'Providing excellent customer service is not a walk in the park. For front liners, attending to a difficult customer requires great skill and a lot of patience. With the continuing proliferation of online sales platforms, have those challenges multiplied as well?',
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'url' => 'dealing-with-the-angry-customer-in-an-omnichannel-world',
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'content' => '<p>Providing excellent customer service is not a walk in the park. For front liners, attending to a difficult customer requires great skill and a lot of patience. With the continuing proliferation of online sales platforms, have those challenges multiplied as well?</p>
<p>Undoubtedly, digital transformation has democratized the delivery of services around the world. It has allowed small companies and one-person businesses to provide end-to-end customer service, and even after-sales, at the least cost possible.</p>
<p>However, can businesses truly provide the same levels of satisfaction across all their channels?</p>
<p>If you are tasked with looking after customer experience, here are some common issues and solutions that might interest you:</p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-GP-Customer-Service.jpg" alt="" /></p>
<p><strong>1. Consistency across all channels</strong> – Unlimited options lead to unlimited mistakes. Select the preferred tools that your staff can learn quickly. There’s no point in being everywhere at the same time if communication and service delivery suffer. Better yet, ask customers where they prefer to reach you and create your strategies from there.</p>
<p><strong>2. Data analytics –</strong> For larger companies, it makes sense to invest in Customer Relationship Management (CRM) software, which can integrate data from different sources.</p>
<p>If that does not apply to you, the best way to organize data is to rank them by priority. Find out what value-added activities are important to you and your customers. Filter and simplify.</p>
<p>Remember: Some data is better than no data. But also keep in mind that you most definitely don’t need to use all data at once.</p>
<p><strong>3. Managing customer expectations –</strong> Faster and more reliable Internet connections, as well as better technology, have created the expectation of real-time results and immediate issue resolution. But, in many scenarios, it isn’t always possible.</p>
<p>This is where training and experience will matter the most because different types of customers will require different approaches. Tenured front liners should be considered subject-matter experts who can prepare responses for anticipated scenarios.</p>
<p>The omnichannel is here to stay and the customer has evolved. Nevertheless, an organization that learns and adapts quickly will embrace these changes because it wants to thrive in the digital landscape.</p>',
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'title' => 'How a Bangladeshi university is raising the next generation of leaders',
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'description' => 'American International University - Bangladesh (AIUB) is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum. ',
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'content' => '<p><strong>American International University – Bangladesh (AIUB)</strong> is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum. </p>
<p>Under the leadership of <strong>Pro-Vice Chancellor</strong> <strong>Dr. Abdur Rahman, </strong>AIUB is committed to nurturing skills in their students and preparing them for leadership roles in the future.</p>
<p> </p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-BANGLA-AIUB.jpg" alt="" /></p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Hands-on learning</strong></span></p>
<p>Dr. Rahman emphasizes the pivotal role of hands-on experience in shaping future leaders.</p>
<p>“Our main focus is on skills development. We need to create leadership for the professional fields. To do that, we provide a strong emphasis on laboratory development. The hands-on experience is a very integral part of our curriculum,” he said.</p>
<p>This commitment to practical learning is reflected in AIUB's tagline: “Where leaders are created.”</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Outside activities</strong></span></p>
<p>AIUB looks beyond academic excellence by offering a wide variety of extracurricular activities where students take the helm.</p>
<p>“We create a lot of extracurricular activities. Everybody gets the chance to lead because the students run these activities themselves. This is where they learn how to communicate, how to manage, how to do things with seniors, juniors, teachers, and external groups,” Rahman explained.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Faculty and staff excellence</strong></span></p>
<p>Central to AIUB's success is its faculty made up of accomplished individuals who are passionate about nurturing the next generation of leaders.</p>
<p>“We prefer teachers who were high achievers when they were students as well. Our minimum qualification here is a master's degree. We also have PhD holders who have studied in Japan. That's because we are very conscious of the quality of education we provide,” Rahman said.</p>
<p>AIUB also prioritizes staff retention with a significant portion of its faculty being alumni of the institution.</p>
<p>“Most of our teachers are graduates of AIUB. They are big supporters of the institution, and that provides us with the stability we need,” Rahman said.</p>
<p>This commitment to excellence explains AIUB’s reputation as a leading university in Bangladesh.</p>',
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'title' => 'What's driving Japanese investors to Minnesota?',
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'description' => 'Following a $45 million investment from Tokyo-based Takeda Pharmaceuticals in September 2023, key figures in the state of Minnesota, led by Gov. Tim Walz, Destination Medical Center, and Greater Minneapolis Saint Paul Regional Economic Development Partnership (Greater MSP), are looking to explore more economic partnerships and investment opportunities with Japan this 2024. ',
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'content' => '<p>Following a $45 million investment from Tokyo-based <strong>Takeda Pharmaceuticals</strong> in September 2023, key figures in the state of Minnesota, led by <strong>Gov. Tim Walz</strong>, <strong>Destination Medical Center</strong>, and <strong>Greater Minneapolis Saint Paul Regional Economic Development Partnership (Greater MSP)</strong>, are looking to explore more economic partnerships and investment opportunities with Japan this 2024.</p>
<p> </p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK5-Minnesota.jpg" alt="" /></p>
<p> </p>
<p><span style="font-size: 18pt;"><strong><span style="font-family: helvetica;">Why Japan?</span> </strong></span></p>
<p> </p>
<p><strong>Greater MSP CEO Peter Frosch</strong> stressed: “Over the past four years, there has been a nearly 50% increase in Japanese firms doing business in Minnesota.” The CEO shared that more than 40 Japanese companies are currently doing business in Minnesota and thatconversely, around 30 homegrown Minnesota companies operate across 1,000 business locations in Japan including industry giants like Cargill, 3M, and Ecolab.</p>
<p>Minnesota boasts nearly $2 billion in annual exports to Japan, with investments totaling around $2.1 billion and accounting for 10,800 new jobs, according to the <strong>Minnesota Department of Employment and Economic Development (DEED)</strong>.</p>
<p>Frosch attributes the thriving Japan-Minnesota bilateral relations to “cultural affinity and sectoral synergy,” particularly in fields like medical technology and microelectronics. With Japan's expertise in value-added manufacturing, constituting over 20% of its GDP, opportunities for collaboration abound.</p>
<p>According to Greater MSP's website, Frosch's team is working closely with Japanese-owned<strong> Polar Semiconductor</strong> and <strong>Takeda</strong>, as both companies are projected to double the region's semiconductor sector's size and create thousands of high-paying jobs.</p>
<p>Meanwhile, <strong>Japan America Society of Minnesota (JASM) Board Member Peter Hill </strong>said: “Japan and Minnesota share a culture of teamwork, humility, and respect. This makes it easy for our citizens to relate to each other. This mutual affection is demonstrated by the seven sister city relationships between Minnesota and Japan, including the oldest in the country: St. Paul-Nagasaki.”</p>
<p>JASM's efforts over 50 years to promote Japanese culture in Minnesota, coupled with ongoing initiatives to facilitate understanding of Japanese business practices, reinforce this bond. But, a few challenges persist, particularly in integrating Japanese expatriates into local operations.</p>
<p>Despite these challenges, the shared interests between Japan and Minnesota, namely in burgeoning sectors like sustainable aviation fuel and biotechnology, point towards a promising future of collaborative innovation and economic growth.</p>',
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'title' => 'Allies in AI: Japan and the U.S. to develop tech for advanced scientific research',
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'description' => 'In a landmark collaboration poised to redefine the scientific research landscape, Japan and the United States are expected to jointly develop a specialized generative AI technology to enhance scientific research. Anticipated to commence later this year, this venture will leverage the computation powers of two of the world's strongest supercomputers: Fugaku and Aurora.',
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'content' => '<p>In a landmark collaboration poised to redefine the scientific research landscape, Japan and the United States are expected to jointly develop a specialized generative AI technology to enhance scientific research. Anticipated to commence later this year, this venture will leverage the computation powers of two of the world’s strongest supercomputers: Fugaku and Aurora.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK5-US-Japan-AI.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida</figcaption>
</figure>
<p>Fugaku is developed by <strong>RIKEN</strong>, a national scientific research institute under <strong>Japan’s Ministry of Education, Culture, Sports, Science and Technology</strong>. In tandem,<strong> Aurora</strong> is overseen by the <strong>U.S. Energy Department</strong>. These two institutions, in addition to sharing supercomputing resources, will also collaborate on pooling existing and acquired data to train the AI model.</p>
<p>This bilateral effort is a testament to a commitment to foster “an open and enabling environment where safe, secure and trustworthy AI systems are designed, developed, and deployed,” according to a joint statement issued at the <strong>14th U.S.- Japan Dialogue on Digital Economy</strong>.</p>
<p>While the formal agreement is slated to come into effect in the fall of 2024, both nations have already embarked on individual initiatives to enhance their research capabilities through AI.</p>
<p>In its 2023 fiscal budget, Japan earmarked approximately $79 million for AI development with a primary focus on life sciences, medical science, and material development. Additional funding is expected in the 2024 fiscal budget.</p>
<p>Further, Japan aims to democratize access to AI technology for corporations and educational institutions on a trial basis by 2025, with the hope of enhancing the country’s technological sophistication and international competitiveness.</p>
<p>Meanwhile, U.S.-backed <strong>Argonne National Laboratory </strong>is developing a large-scale generative AI technology, for scientific research in areas such as climate, cancer, and space. This complements efforts by American companies like <strong>Open AI</strong> and <strong>Google</strong>.</p>
<p>Both countries share a common objective: to streamline data analysis through AI.</p>
<p><strong>RIKEN </strong>estimates that integrating AI into scientific research could reduce drug discovery timelines from years to a mere two months while expanding the breadth of research endeavors by almost a thousand times</p>
<p>Recognizing the pivotal role of high-quality data in shaping the efficacy of AI models, Japan and the U.S. have committed to sharing data and research findings. This collaborative approach ensures the development of accurate AI models that have the potential to revolutionize scientific inquiry worldwide.</p>',
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'description' => 'Los Angeles-based design, engineering, and metal additive manufacturing company 3DEO has secured a significant investment from the Development Bank of Japan Inc. (DBJ) and Seiko Epson Corporation (EPSON), which according to an article by METAL AM, is reported to be around 1 billion Japanese yen ($6.8 million). ',
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'content' => '<p>Los Angeles-based design, engineering, and metal additive manufacturing company <strong>3DEO </strong>has secured a significant investment from the <strong>Development Bank of Japan Inc. (DBJ) </strong>and <strong>Seiko Epson Corp. (EPSON)</strong>, which according to an article by METAL AM, is reported to be around 1 billion Japanese yen ($6.8 million).</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GP-WK5-3DEO-CEO-Matthew-Petros.jpg" alt="" />
<figcaption class="image-caption">3 DEO CEO and co-founder Matthew Petros</figcaption>
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<p>Founded in 2016, the company has served the aerospace industry and boasts of a diverse portfolio of 18 patents. It has embarked on expansion efforts to service the semiconductor, medical devices and equipment, and industrial sectors.</p>
<p>EPSON and DBJ announced their partnership with 3DEO in mid-January of 2024.</p>
<p>“The collaboration with DBJ and EPSON is a powerful endorsement of our mission to empower product and engineering teams across the globe. This investment is not just capital; it’s a commitment to a shared vision of challenging what’s possible through the combination of additive design principles and differentiated capabilities,” said <strong>3DEO CEO and co-founder Matthew Petros.</strong></p>
<p>This latest investment is expected to boost 3DEO’s growth strategies in North America and Japan, expanding opportunities for partnership in the semiconductor, aerospace, medical devices and equipment, and industrial sectors.</p>
<p>“We are excited to see how this synergy will support our continued mission to empower customers with unparalleled design freedom and production capabilities,” Petros also said.</p>
<p>More developments are expected from 3DEO with its new partnerships.</p>',
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'description' => 'Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting investments. In June 2023, it secured a commitment from Manner Polymers, for a $54 million state-of-the-art PVC manufacturing facility.',
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'content' => '<p>Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky, and Tennessee in terms of attracting investments.</p>
<p>In June 2023, Jefferson County secured a commitment from Manner Polymers, a leading U.S. PVC manufacturer, for a $54 million state-of-the-art manufacturing facility, the company’s first investment in southern Illinois.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-GL-Jefferson-County.jpg" alt="" />
<figcaption class="image-caption">Jefferson County Development Corp. Executive Director Tony Iriti</figcaption>
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<p>In an interview with GMI POST, <strong>Jefferson County Development Corp. Executive Director Tony Iriti </strong>explained the county’s winning formula.</p>
<p>“In my experience, when companies decide to invest in a region, they consider comfort, trust, and accessibility, so that whenever they need anything, the right person to contact is just a phone call away. This is what Jefferson County provides to its partners,” said Iriti.</p>
<p>Drawing from his previous experience as a former mayor of Findlay in Ohio and later the head of its economic development organization, Iriti advocates a “trademark of trust” approach. As mayor, he led trade missions to Japan to strengthen the city’s network and secure new business.</p>
<p>“When a foreign company is interested in our region, our first instinct is to invite them in person and make them meet our experts who will understand the company’s requirements and help formulate the best solutions to fulfill them. That is also when we answer all their questions. This approach goes a long way in establishing trust and confidence from both sides,” Iriti explained.</p>
<p>However, for Iriti, economic development is not just about shaking hands and sealing deals. He ensures that Jefferson County understands the significance of aligning with industry trends, particularly in the area of clean energy.</p>
<p>“Developing the region’s infrastructure to suit the investor’s needs is equally important,” he said.</p>
<p>In line with Illinois’ priority to develop opportunities in clean energy, Jefferson County is building its renewable energy infrastructure. A testament to that commitment, Manner Polymers’ facility will be completely powered by the local 15-acre solar field.</p>
<p>“Our objective is to build the lowest cost, highest quality, and the most environmentally sustainable flexible PVC compounding plant in the world,” <strong>Manner Polymers CEO Raj Bhargava </strong>said.</p>
<p>By fostering trust, embracing sustainability, and developing the right infrastructure, Jefferson County has become an attractive location for prospective investors who want to secure their success in the heart of America.</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>
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<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'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>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'content' => '<p>Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky, and Tennessee in terms of attracting investments.</p>
<p>In June 2023, Jefferson County secured a commitment from Manner Polymers, a leading U.S. PVC manufacturer, for a $54 million state-of-the-art manufacturing facility, the company’s first investment in southern Illinois.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-GL-Jefferson-County.jpg" alt="" />
<figcaption class="image-caption">Jefferson County Development Corp. Executive Director Tony Iriti</figcaption>
</figure>
<p>In an interview with GMI POST, <strong>Jefferson County Development Corp. Executive Director Tony Iriti </strong>explained the county’s winning formula.</p>
<p>“In my experience, when companies decide to invest in a region, they consider comfort, trust, and accessibility, so that whenever they need anything, the right person to contact is just a phone call away. This is what Jefferson County provides to its partners,” said Iriti.</p>
<p>Drawing from his previous experience as a former mayor of Findlay in Ohio and later the head of its economic development organization, Iriti advocates a “trademark of trust” approach. As mayor, he led trade missions to Japan to strengthen the city’s network and secure new business.</p>
<p>“When a foreign company is interested in our region, our first instinct is to invite them in person and make them meet our experts who will understand the company’s requirements and help formulate the best solutions to fulfill them. That is also when we answer all their questions. This approach goes a long way in establishing trust and confidence from both sides,” Iriti explained.</p>
<p>However, for Iriti, economic development is not just about shaking hands and sealing deals. He ensures that Jefferson County understands the significance of aligning with industry trends, particularly in the area of clean energy.</p>
<p>“Developing the region’s infrastructure to suit the investor’s needs is equally important,” he said.</p>
<p>In line with Illinois’ priority to develop opportunities in clean energy, Jefferson County is building its renewable energy infrastructure. A testament to that commitment, Manner Polymers’ facility will be completely powered by the local 15-acre solar field.</p>
<p>“Our objective is to build the lowest cost, highest quality, and the most environmentally sustainable flexible PVC compounding plant in the world,” <strong>Manner Polymers CEO Raj Bhargava </strong>said.</p>
<p>By fostering trust, embracing sustainability, and developing the right infrastructure, Jefferson County has become an attractive location for prospective investors who want to secure their success in the heart of America.</p>',
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'description' => 'In the last few years, global conglomerates announced their ESG pledges (environmental, social, governance) as companies around the world strive to become more responsible corporate citizens. But how many of them have fulfilled their promises?',
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'content' => '<p>In the last few years, global conglomerates announced their ESG pledges (environmental, social, governance) as companies around the world strive to become more responsible corporate citizens. But how many of them have fulfilled their promises?</p>
<p><span style="font-family: helvetica; font-size: 20pt;"><strong>What is ESG? <br /></strong></span></p>
<p>The United Nations has defined ESG as the supporting framework that contains non-financial elements of its Sustainable Development Goals (SDGs), which include a wide range of environmental, social and governance policies prioritized by national governments.</p>
<p>As of 2023, Forbes reported that only 900 out of more than 2,000 of the world’s largest companies have set forth reliable action plans based on their ESG pledges. If these companies don’t act urgently, according to the same report, the global economy stands to lose around $178 trillion by the year 2070.</p>
<p>Additionally, businesses face challenges that are not limited to incomplete data, inconsistent policies, reduced budgets, internal organizational conflicts and external politico-economic landscape.</p>
<p>Given those challenges, big companies need help to meet their sustainability goals. And that is why <strong>Eco BCG</strong> was founded in 2009.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-GP-ESGs.jpg" alt="" />
<figcaption class="image-caption">Eco BCG President and CEO Sergio Castillo</figcaption>
</figure>
<p>“Sustainability is difficult to deploy. Why? Because each business is independent. They have different priorities and goals when it comes to productivity, quality, safety, and sustainability. Corporations have quite a hard time, and that's where we come in,” <strong>Eco BCG President and CEO Sergio Castillo</strong> said in an interview with Inc 5000.</p>
<p>His brainchild, currently ranked as the #1 fastest-growing engineering company in the U.S., offers a structured approach to evaluation, opportunity identification, design, engineering, project justification and management.</p>
<p>According to its official website, Eco BCG’s successful implementation can help firms reduce carbon emissions by as much as 40%.</p>
<p>Although some of the largest brands have stepped back from their big climate pledges and softened their climate targets, Eco BGC helps smaller companies, like itself, make their own mark in the global pursuit of a greener future.</p>',
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'title' => 'Standard Chartered Bank Bangladesh CEO: We will be there to help',
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'description' => 'Standard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.',
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'content' => '<p><strong>Standard Chartered Bank</strong>, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-BANGLA-Standard-Chartered.jpg" alt="" />
<figcaption class="image-caption">Standard Chartered Bank Bangladesh CEO Naser Ezaz Bijoy</figcaption>
</figure>
<p>From extending credit lines to an independent Bangladesh to being the first to introduce banking technologies such as ATMs, debit cards, credit cards, international debit cards, and Shariah-compliant credit cards, Standard Chartered Bangladesh has continually demonstrated its commitment to driving progress and accessibility in banking services.</p>
<p>“For us, it's not only about banking but also about community engagement perspective. We are engaged in the agricultural sector, the environment, in education, and entrepreneurship. These activities have helped us understand the fabric of the country,” said<strong> Standard Chartered Bank Bangladesh CEO</strong> <strong>Naser Ezaz Bijoy.</strong></p>
<p>According to Bijoy, last year marked significant milestones for both Bangladesh and Standard Chartered Bank. The bank had the privilege of contributing to landmark projects and initiatives such as the Padma Rail Link, Terminal 3 of Hazrat Shahjalal International Airport (HSIA), and the country's largest 60-megawatt wind-based power plant.</p>
<p>Bijoy also emphasized the importance of sustainability in Bangladesh's development journey, particularly in the face of climate change challenges.</p>
<p>“Sustainability is a big area of focus for Standard Chartered Bank Bangladesh because Bangladesh is one of the most vulnerable countries affected by climate change. And I’m happy to share that Bangladesh has already signed the agreement for net zero by 2050. But to make the country’s clean energy transition happen, significant help is required. And we will be there to help,” he told GMI POST.</p>
<p>During the interview, Bijoy also highlighted Japan as a potential key partner for Bangladesh's economic growth and sustainability aspirations. He expressed optimism about leveraging partnerships with Japanese investors to bolster Bangladesh's ecosystem and propel its sustainable development agenda forward.</p>
<p>“When we visit Japan, we hope to pitch to large investors so that we can attract them and help us set up the ecosystem in the country,” said Bijoy, who added that the bank’s goal is to engage with foreign investors that will further catalyze Bangladesh’s journey towards a sustainable future.</p>',
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'title' => 'Zero waste heroes: How APNA is leading the charge for a sustainable future',
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'description' => 'As the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto "Creating for Tomorrow," Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time. ',
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'content' => '<p>As the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto “Creating for Tomorrow,” <strong>Asahi Kasei Plastics North America (APNA) </strong>has overhauled its production process by gradually adapting one eco-friendly initiative at a time.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-GL-Asahi-Kasei.jpg" alt="" />
<figcaption class="image-caption">Phani Nagaraj, incoming president and COO of Asahi Kasei Plastics North America</figcaption>
</figure>
<p>Through its Triple Bottom Line approach, wherein people and the planet are prioritized over profit, APNA has implemented several initiatives that have contributed to the global effort to protect the environment and do its part in becoming a conscientious corporate citizen.</p>
<p>“We aim to prioritize embracing sustainable practices in every aspect of our operations to reduce the impact our products and processes may have on the environment. We want to ideally achieve zero waste in short order,” said <strong>Phani Nagaraj, </strong>the incoming president and COO of APNA.</p>
<p>One of APNA’s flagship initiatives is its commitment to achieve ‘Zero Waste to Landfills by 2025’ across its three U.S. locations. This is a mission embraced by every corner of the company as each location has dedicated teams to meticulously analyze waste streams, and in-house recycling stations that tackle everything from metal to plastic.</p>
<p>But its commitment doesn’t stop at the office and factory doors. APNA urges its employees to join its sustainability journey by championing initiatives, like water conservation and emission reduction. The company hopes to foster a culture wherein every individual understands their role in building a greener tomorrow.</p>
<p>Beyond its operations, APNA is also committed to giving back to the local community.</p>
<p>“We believe in working together to grow not only our company but also the community and the customers we serve,” Phani told GMI POST.</p>
<p>Through annual fundraising events and volunteer opportunities, APNA wants to become a good corporate citizen that makes a tangible difference in their local community. Its partnership with Operation Clean Sweep further demonstrates its dedication to environmental stewardship by minimizing pellet, flake, and powder residues released into the environment.</p>
<p>Last year, APNA was named the top fundraiser for a United Way event in Livingston County.</p>
<p>For APNA, business isn’t the only priority. Its mission includes building relationships and making a positive impact where it matters most. One thing remains clear: with APNA, the world can look to a future that is brighter and greener.</p>',
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'title' => 'Mitsubishi Heavy Industries invests in Texas-based Fervo Energy ',
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'description' => 'Japanese giant Mitsubishi Heavy Industries (MHI) has invested in Fervo Energy, a Houston-based startup pioneering enhanced geothermal systems (EGS), in line with its strategy to increase its activities in green energy and its commitment to build a carbon-neutral world.',
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'content' => '<p>Japanese giant <strong>Mitsubishi Heavy Industries (MHI)</strong> has invested in<strong> Fervo Energy</strong>, a Houston-based startup pioneering enhanced geothermal systems (EGS), in line with its strategy to increase its activities in green energy and its commitment to build a carbon-neutral world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-Bangla-WK-6-US-Japan-Mitsubishi-Fervo.jpg" alt="" />
<figcaption class="image-caption">Fervo Energy's geothermal facility in Houston Texas</figcaption>
</figure>
<p>Capitalizing on advancements in geoscience and innovations from the oil and gas sector, Fervo Energy is developing the full potential of geothermal energy as a reliable and economical power source. Breakthroughs in horizontal drilling and distributed fiber optic sensing have allowed Fervo to transform untapped reservoirs of hot rock beneath the earth's surface into valuable sources of energy.</p>
<p>Through its subsidiary <strong>Mitsubishi Heavy Industries America, Inc. (MHIA)</strong>, MHI joins a consortium of investors, which include Devon Energy Corp. and Marunouchi Innovation Partners. This collaboration underscores MHI’s dedication to developing innovative solutions for decarbonizing existing infrastructure and building a sustainable energy ecosystem.</p>
<p>Geothermal energy holds immense promise for the future electric grid as it offers deployable power without the intermittency of solar and wind energy.</p>
<p>Fervo Energy's advancements in drilling technology and subsurface analytics have also made geothermal energy cost-competitive and expanded geothermal resources through the exploration of normally inaccessible locations.</p>
<p>Through its investment in Fervo Energy, MHI wants to provide its customers with alternative green energy solutions and help ensure a sustainable future.</p>',
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'id' => '545649',
'title' => 'Sailing into success: U.S. and Japan strengthen maritime alliance',
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'description' => 'U.S. Secretary of Navy Carlos Del Toro embarked on his third official trip to Japan this month to bolster maritime cooperation and shipbuilding capabilities between the two nations.',
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'content' => '<p><strong>U.S. Secretary of Navy Carlos Del Toro</strong> embarked on his third official trip to Japan this month to bolster maritime cooperation and shipbuilding capabilities between the two nations.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK-6-US-Japan-Shipbuilding.jpg" alt="" />
<figcaption class="image-caption">U.S. Secretary of the Navy Carlos Del Toro (left) and Japan Defense Minister Kihara Minoru</figcaption>
</figure>
<p>The two-day visit began with a luncheon, hosted by U.S. Ambassador Rahm Emanuel, between Del Toro and leading figures from Japan’s shipbuilding industry, among them the president of Namura Shipbuilding Co. and the senior vice president of Integrated Defense and Space Systems of Mitsubishi Heavy Industries.</p>
<p>Discussions focused on the prospect of integrating commercial and naval shipbuilding facilities within the U.S. and the possibility of inviting Japanese investors to these ventures.</p>
<p>Day Two saw Del Toro’s itinerary packed with high-level meetings, including engagements with Japan’s national security advisor, minister of defense, and head of the navy, as well as with a tour of Mitsubishi’s shipyard in Yokohama.</p>
<p>The visit is a vital part of Del Toro’s ambitious “Maritime Statecraft Strategy,” which calls for the modernization and expansion of the U.S. shipbuilding industry through strategic partnerships with allies like Japan and South Korea.</p>
<p>Last year, in an address to the Harvard Kennedy School, Del Toro highlighted the vast potential for collaboration with allies such as Japan, saying: “The U.S. maritime industry is ripe with opportunity to partner with our closest allies overseas.”</p>
<p>Through his strategy, the secretary of the navy hopes to convince the world’s most advanced shipbuilding companies to the U.S. and invest in its commercial shipyards, which would fortify the nation’s shipbuilding capabilities and cultivate a skilled workforce.</p>
<p>“The U.S.-Japan Alliance is the cornerstone of peace, security, and prosperity in the Indo-Pacific region and beyond. I am here to reaffirm the Department of the Navy’s long-standing partnership with the defense forces of Japan and to strengthen that partnership even further,” Del Toro said during his visit.</p>
<p>Secretary Del Toro’s visits strengthen the foundation for a multifaceted partnership, one that transcends economics and is characterized by a collaborative approach.</p>',
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'title' => 'Greater Lexington is among top metros for economic development',
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'description' => 'Kentucky Gov. Andy Beshear has celebrated the Greater Lexington region's high ranking in Site Selection magazine's annual report on economic development activity. In the report, the region jumped into the Top 10 in both total projects and projects per capita, Tier 2 metros with a population between 200,000 and 1 million. ',
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'content' => '<p><strong>Kentucky Gov. Andy Beshear</strong> has celebrated the Greater Lexington region’s high ranking in Site Selection magazine's annual report on economic development activity. In the report, the region jumped into the Top 10 in both total projects and projects per capita, Tier 2 metros with a population between 200,000 and 1 million.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GP-WK-6-US-Japan-Kentucky-Funai.jpg" alt="" />
<figcaption class="image-caption">Kentucky Gov. Andy Beshear</figcaption>
</figure>
<p>In an interview with <em>The Lane Report, </em><strong>Commerce Lexington Inc.’s Executive Vice President of Economic Development Gina Greathouse said, “</strong>We are very excited about this new recognition for the region.”</p>
<p>Site Selection attributed Greater Lexington’s success to its strong emphasis on improvements to make the region more attractive to foreign investors and improve the skills of its workforce. Among the newest investors from Japan is <strong>Funai Microfluidic Solutions (Funai), </strong>which<br />relocated its business unit headquarters from Osaka, Japan last year.</p>
<p><strong>Lexington City Chief Development Officer Kevin Adkins </strong>said it was the first time a Japanese company moved its headquarters to Kentucky and made Lexington its home.</p>
<p>“The relocation of our headquarters to Lexington was a natural progression as our facility transitioned from an R&D center to the driver of our global strategy. This facility’s unique blend of pioneering technology and exceptional skill sets fuels our vision,” said <strong>Funai Chief Technology Officer Mike Marra</strong>.</p>
<p>Lexington has positioned itself as a home for innovative technologies by fostering a culture of competency and trust. The recent arrival of Funai has affirmed Greater Lexington’s transformation into a modern investment hub.</p>',
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'title' => 'Dealing with the angry customer in an omnichannel world',
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'description' => 'Providing excellent customer service is not a walk in the park. For front liners, attending to a difficult customer requires great skill and a lot of patience. With the continuing proliferation of online sales platforms, have those challenges multiplied as well?',
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'url' => 'dealing-with-the-angry-customer-in-an-omnichannel-world',
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'content' => '<p>Providing excellent customer service is not a walk in the park. For front liners, attending to a difficult customer requires great skill and a lot of patience. With the continuing proliferation of online sales platforms, have those challenges multiplied as well?</p>
<p>Undoubtedly, digital transformation has democratized the delivery of services around the world. It has allowed small companies and one-person businesses to provide end-to-end customer service, and even after-sales, at the least cost possible.</p>
<p>However, can businesses truly provide the same levels of satisfaction across all their channels?</p>
<p>If you are tasked with looking after customer experience, here are some common issues and solutions that might interest you:</p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-GP-Customer-Service.jpg" alt="" /></p>
<p><strong>1. Consistency across all channels</strong> – Unlimited options lead to unlimited mistakes. Select the preferred tools that your staff can learn quickly. There’s no point in being everywhere at the same time if communication and service delivery suffer. Better yet, ask customers where they prefer to reach you and create your strategies from there.</p>
<p><strong>2. Data analytics –</strong> For larger companies, it makes sense to invest in Customer Relationship Management (CRM) software, which can integrate data from different sources.</p>
<p>If that does not apply to you, the best way to organize data is to rank them by priority. Find out what value-added activities are important to you and your customers. Filter and simplify.</p>
<p>Remember: Some data is better than no data. But also keep in mind that you most definitely don’t need to use all data at once.</p>
<p><strong>3. Managing customer expectations –</strong> Faster and more reliable Internet connections, as well as better technology, have created the expectation of real-time results and immediate issue resolution. But, in many scenarios, it isn’t always possible.</p>
<p>This is where training and experience will matter the most because different types of customers will require different approaches. Tenured front liners should be considered subject-matter experts who can prepare responses for anticipated scenarios.</p>
<p>The omnichannel is here to stay and the customer has evolved. Nevertheless, an organization that learns and adapts quickly will embrace these changes because it wants to thrive in the digital landscape.</p>',
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'title' => 'How a Bangladeshi university is raising the next generation of leaders',
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'description' => 'American International University - Bangladesh (AIUB) is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum. ',
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'content' => '<p><strong>American International University – Bangladesh (AIUB)</strong> is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum. </p>
<p>Under the leadership of <strong>Pro-Vice Chancellor</strong> <strong>Dr. Abdur Rahman, </strong>AIUB is committed to nurturing skills in their students and preparing them for leadership roles in the future.</p>
<p> </p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-BANGLA-AIUB.jpg" alt="" /></p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Hands-on learning</strong></span></p>
<p>Dr. Rahman emphasizes the pivotal role of hands-on experience in shaping future leaders.</p>
<p>“Our main focus is on skills development. We need to create leadership for the professional fields. To do that, we provide a strong emphasis on laboratory development. The hands-on experience is a very integral part of our curriculum,” he said.</p>
<p>This commitment to practical learning is reflected in AIUB's tagline: “Where leaders are created.”</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Outside activities</strong></span></p>
<p>AIUB looks beyond academic excellence by offering a wide variety of extracurricular activities where students take the helm.</p>
<p>“We create a lot of extracurricular activities. Everybody gets the chance to lead because the students run these activities themselves. This is where they learn how to communicate, how to manage, how to do things with seniors, juniors, teachers, and external groups,” Rahman explained.</p>
<p> </p>
<p><span style="font-family: helvetica; font-size: 18pt;"><strong>Faculty and staff excellence</strong></span></p>
<p>Central to AIUB's success is its faculty made up of accomplished individuals who are passionate about nurturing the next generation of leaders.</p>
<p>“We prefer teachers who were high achievers when they were students as well. Our minimum qualification here is a master's degree. We also have PhD holders who have studied in Japan. That's because we are very conscious of the quality of education we provide,” Rahman said.</p>
<p>AIUB also prioritizes staff retention with a significant portion of its faculty being alumni of the institution.</p>
<p>“Most of our teachers are graduates of AIUB. They are big supporters of the institution, and that provides us with the stability we need,” Rahman said.</p>
<p>This commitment to excellence explains AIUB’s reputation as a leading university in Bangladesh.</p>',
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'title' => 'What's driving Japanese investors to Minnesota?',
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'description' => 'Following a $45 million investment from Tokyo-based Takeda Pharmaceuticals in September 2023, key figures in the state of Minnesota, led by Gov. Tim Walz, Destination Medical Center, and Greater Minneapolis Saint Paul Regional Economic Development Partnership (Greater MSP), are looking to explore more economic partnerships and investment opportunities with Japan this 2024. ',
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'content' => '<p>Following a $45 million investment from Tokyo-based <strong>Takeda Pharmaceuticals</strong> in September 2023, key figures in the state of Minnesota, led by <strong>Gov. Tim Walz</strong>, <strong>Destination Medical Center</strong>, and <strong>Greater Minneapolis Saint Paul Regional Economic Development Partnership (Greater MSP)</strong>, are looking to explore more economic partnerships and investment opportunities with Japan this 2024.</p>
<p> </p>
<p><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK5-Minnesota.jpg" alt="" /></p>
<p> </p>
<p><span style="font-size: 18pt;"><strong><span style="font-family: helvetica;">Why Japan?</span> </strong></span></p>
<p> </p>
<p><strong>Greater MSP CEO Peter Frosch</strong> stressed: “Over the past four years, there has been a nearly 50% increase in Japanese firms doing business in Minnesota.” The CEO shared that more than 40 Japanese companies are currently doing business in Minnesota and thatconversely, around 30 homegrown Minnesota companies operate across 1,000 business locations in Japan including industry giants like Cargill, 3M, and Ecolab.</p>
<p>Minnesota boasts nearly $2 billion in annual exports to Japan, with investments totaling around $2.1 billion and accounting for 10,800 new jobs, according to the <strong>Minnesota Department of Employment and Economic Development (DEED)</strong>.</p>
<p>Frosch attributes the thriving Japan-Minnesota bilateral relations to “cultural affinity and sectoral synergy,” particularly in fields like medical technology and microelectronics. With Japan's expertise in value-added manufacturing, constituting over 20% of its GDP, opportunities for collaboration abound.</p>
<p>According to Greater MSP's website, Frosch's team is working closely with Japanese-owned<strong> Polar Semiconductor</strong> and <strong>Takeda</strong>, as both companies are projected to double the region's semiconductor sector's size and create thousands of high-paying jobs.</p>
<p>Meanwhile, <strong>Japan America Society of Minnesota (JASM) Board Member Peter Hill </strong>said: “Japan and Minnesota share a culture of teamwork, humility, and respect. This makes it easy for our citizens to relate to each other. This mutual affection is demonstrated by the seven sister city relationships between Minnesota and Japan, including the oldest in the country: St. Paul-Nagasaki.”</p>
<p>JASM's efforts over 50 years to promote Japanese culture in Minnesota, coupled with ongoing initiatives to facilitate understanding of Japanese business practices, reinforce this bond. But, a few challenges persist, particularly in integrating Japanese expatriates into local operations.</p>
<p>Despite these challenges, the shared interests between Japan and Minnesota, namely in burgeoning sectors like sustainable aviation fuel and biotechnology, point towards a promising future of collaborative innovation and economic growth.</p>',
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'title' => 'Allies in AI: Japan and the U.S. to develop tech for advanced scientific research',
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'description' => 'In a landmark collaboration poised to redefine the scientific research landscape, Japan and the United States are expected to jointly develop a specialized generative AI technology to enhance scientific research. Anticipated to commence later this year, this venture will leverage the computation powers of two of the world's strongest supercomputers: Fugaku and Aurora.',
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'content' => '<p>In a landmark collaboration poised to redefine the scientific research landscape, Japan and the United States are expected to jointly develop a specialized generative AI technology to enhance scientific research. Anticipated to commence later this year, this venture will leverage the computation powers of two of the world’s strongest supercomputers: Fugaku and Aurora.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK5-US-Japan-AI.jpg" alt="" />
<figcaption class="image-caption">U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida</figcaption>
</figure>
<p>Fugaku is developed by <strong>RIKEN</strong>, a national scientific research institute under <strong>Japan’s Ministry of Education, Culture, Sports, Science and Technology</strong>. In tandem,<strong> Aurora</strong> is overseen by the <strong>U.S. Energy Department</strong>. These two institutions, in addition to sharing supercomputing resources, will also collaborate on pooling existing and acquired data to train the AI model.</p>
<p>This bilateral effort is a testament to a commitment to foster “an open and enabling environment where safe, secure and trustworthy AI systems are designed, developed, and deployed,” according to a joint statement issued at the <strong>14th U.S.- Japan Dialogue on Digital Economy</strong>.</p>
<p>While the formal agreement is slated to come into effect in the fall of 2024, both nations have already embarked on individual initiatives to enhance their research capabilities through AI.</p>
<p>In its 2023 fiscal budget, Japan earmarked approximately $79 million for AI development with a primary focus on life sciences, medical science, and material development. Additional funding is expected in the 2024 fiscal budget.</p>
<p>Further, Japan aims to democratize access to AI technology for corporations and educational institutions on a trial basis by 2025, with the hope of enhancing the country’s technological sophistication and international competitiveness.</p>
<p>Meanwhile, U.S.-backed <strong>Argonne National Laboratory </strong>is developing a large-scale generative AI technology, for scientific research in areas such as climate, cancer, and space. This complements efforts by American companies like <strong>Open AI</strong> and <strong>Google</strong>.</p>
<p>Both countries share a common objective: to streamline data analysis through AI.</p>
<p><strong>RIKEN </strong>estimates that integrating AI into scientific research could reduce drug discovery timelines from years to a mere two months while expanding the breadth of research endeavors by almost a thousand times</p>
<p>Recognizing the pivotal role of high-quality data in shaping the efficacy of AI models, Japan and the U.S. have committed to sharing data and research findings. This collaborative approach ensures the development of accurate AI models that have the potential to revolutionize scientific inquiry worldwide.</p>',
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'title' => 'LA-based company catches the attention of Seiko Epson',
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'description' => 'Los Angeles-based design, engineering, and metal additive manufacturing company 3DEO has secured a significant investment from the Development Bank of Japan Inc. (DBJ) and Seiko Epson Corporation (EPSON), which according to an article by METAL AM, is reported to be around 1 billion Japanese yen ($6.8 million). ',
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'content' => '<p>Los Angeles-based design, engineering, and metal additive manufacturing company <strong>3DEO </strong>has secured a significant investment from the <strong>Development Bank of Japan Inc. (DBJ) </strong>and <strong>Seiko Epson Corp. (EPSON)</strong>, which according to an article by METAL AM, is reported to be around 1 billion Japanese yen ($6.8 million).</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GP-WK5-3DEO-CEO-Matthew-Petros.jpg" alt="" />
<figcaption class="image-caption">3 DEO CEO and co-founder Matthew Petros</figcaption>
</figure>
<p>Founded in 2016, the company has served the aerospace industry and boasts of a diverse portfolio of 18 patents. It has embarked on expansion efforts to service the semiconductor, medical devices and equipment, and industrial sectors.</p>
<p>EPSON and DBJ announced their partnership with 3DEO in mid-January of 2024.</p>
<p>“The collaboration with DBJ and EPSON is a powerful endorsement of our mission to empower product and engineering teams across the globe. This investment is not just capital; it’s a commitment to a shared vision of challenging what’s possible through the combination of additive design principles and differentiated capabilities,” said <strong>3DEO CEO and co-founder Matthew Petros.</strong></p>
<p>This latest investment is expected to boost 3DEO’s growth strategies in North America and Japan, expanding opportunities for partnership in the semiconductor, aerospace, medical devices and equipment, and industrial sectors.</p>
<p>“We are excited to see how this synergy will support our continued mission to empower customers with unparalleled design freedom and production capabilities,” Petros also said.</p>
<p>More developments are expected from 3DEO with its new partnerships.</p>',
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'title' => 'How the "trademark of trust" earned Jefferson County $54 million in investments',
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'description' => 'Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting investments. In June 2023, it secured a commitment from Manner Polymers, for a $54 million state-of-the-art PVC manufacturing facility.',
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'content' => '<p>Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky, and Tennessee in terms of attracting investments.</p>
<p>In June 2023, Jefferson County secured a commitment from Manner Polymers, a leading U.S. PVC manufacturer, for a $54 million state-of-the-art manufacturing facility, the company’s first investment in southern Illinois.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-GL-Jefferson-County.jpg" alt="" />
<figcaption class="image-caption">Jefferson County Development Corp. Executive Director Tony Iriti</figcaption>
</figure>
<p>In an interview with GMI POST, <strong>Jefferson County Development Corp. Executive Director Tony Iriti </strong>explained the county’s winning formula.</p>
<p>“In my experience, when companies decide to invest in a region, they consider comfort, trust, and accessibility, so that whenever they need anything, the right person to contact is just a phone call away. This is what Jefferson County provides to its partners,” said Iriti.</p>
<p>Drawing from his previous experience as a former mayor of Findlay in Ohio and later the head of its economic development organization, Iriti advocates a “trademark of trust” approach. As mayor, he led trade missions to Japan to strengthen the city’s network and secure new business.</p>
<p>“When a foreign company is interested in our region, our first instinct is to invite them in person and make them meet our experts who will understand the company’s requirements and help formulate the best solutions to fulfill them. That is also when we answer all their questions. This approach goes a long way in establishing trust and confidence from both sides,” Iriti explained.</p>
<p>However, for Iriti, economic development is not just about shaking hands and sealing deals. He ensures that Jefferson County understands the significance of aligning with industry trends, particularly in the area of clean energy.</p>
<p>“Developing the region’s infrastructure to suit the investor’s needs is equally important,” he said.</p>
<p>In line with Illinois’ priority to develop opportunities in clean energy, Jefferson County is building its renewable energy infrastructure. A testament to that commitment, Manner Polymers’ facility will be completely powered by the local 15-acre solar field.</p>
<p>“Our objective is to build the lowest cost, highest quality, and the most environmentally sustainable flexible PVC compounding plant in the world,” <strong>Manner Polymers CEO Raj Bhargava </strong>said.</p>
<p>By fostering trust, embracing sustainability, and developing the right infrastructure, Jefferson County has become an attractive location for prospective investors who want to secure their success in the heart of America.</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' => 'Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting investments. In June 2023, it secured a commitment from Manner Polymers, for a $54 million state-of-the-art PVC manufacturing facility.',
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'content' => '<p>Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky, and Tennessee in terms of attracting investments.</p>
<p>In June 2023, Jefferson County secured a commitment from Manner Polymers, a leading U.S. PVC manufacturer, for a $54 million state-of-the-art manufacturing facility, the company’s first investment in southern Illinois.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-GL-Jefferson-County.jpg" alt="" />
<figcaption class="image-caption">Jefferson County Development Corp. Executive Director Tony Iriti</figcaption>
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<p>In an interview with GMI POST, <strong>Jefferson County Development Corp. Executive Director Tony Iriti </strong>explained the county’s winning formula.</p>
<p>“In my experience, when companies decide to invest in a region, they consider comfort, trust, and accessibility, so that whenever they need anything, the right person to contact is just a phone call away. This is what Jefferson County provides to its partners,” said Iriti.</p>
<p>Drawing from his previous experience as a former mayor of Findlay in Ohio and later the head of its economic development organization, Iriti advocates a “trademark of trust” approach. As mayor, he led trade missions to Japan to strengthen the city’s network and secure new business.</p>
<p>“When a foreign company is interested in our region, our first instinct is to invite them in person and make them meet our experts who will understand the company’s requirements and help formulate the best solutions to fulfill them. That is also when we answer all their questions. This approach goes a long way in establishing trust and confidence from both sides,” Iriti explained.</p>
<p>However, for Iriti, economic development is not just about shaking hands and sealing deals. He ensures that Jefferson County understands the significance of aligning with industry trends, particularly in the area of clean energy.</p>
<p>“Developing the region’s infrastructure to suit the investor’s needs is equally important,” he said.</p>
<p>In line with Illinois’ priority to develop opportunities in clean energy, Jefferson County is building its renewable energy infrastructure. A testament to that commitment, Manner Polymers’ facility will be completely powered by the local 15-acre solar field.</p>
<p>“Our objective is to build the lowest cost, highest quality, and the most environmentally sustainable flexible PVC compounding plant in the world,” <strong>Manner Polymers CEO Raj Bhargava </strong>said.</p>
<p>By fostering trust, embracing sustainability, and developing the right infrastructure, Jefferson County has become an attractive location for prospective investors who want to secure their success in the heart of America.</p>',
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How the "trademark of trust" earned Jefferson County $54 million in investments
Jefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting invest...