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CMA CGM and Hapag-Lloyd introduce reUse (container triangulation) in Mexico with Avantida

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Avantida, an INTTRA company, today announced that CMA CGM and Hapag-Lloyd, two of the worlds largest liner shipping companies, are offering reUse container management services in Mexico. reUse is a container triangulation service for transporters made available on Avantidas online platform. It is the first time that this service is offered in Mexico, and for Avantida it is their first step into the North American market.

This is how reUse works: once an import container has been unloaded it must be taken back to the port or assigned depot. With reUse, transport companies can request the liner shipping company to use that same container and bring it straight to their export customer to get loaded. This way, they avoid waiting times at depots and terminals and eliminate unnecessary mileage, which provides the additional benefit of reducing CO2 emissions in addition to overall costs.

Re-use is a completely new concept for the container transport sector in Mexico. Using an import container to go straight to your export customer without having to go back to the terminal is a refreshing advancement for planners and dispatchers. Being able to manage this on Avantidas platform makes this new way of planning even easier to adopt, said Kapil Garg, Head of Inland Operations Latin America at CMA CGM.

This is a great opportunity for transporters! We are delighted to offer empty container re-use in Mexico. The Avantida platform will bring a new dimension to their planning strategies, optimising time on the road and reducing transportation costs. For us, we expect a similar structure and efficiency it already provides in Europe, said Niklas Ohling, Senior Director of Container Steering at Hapag-Lloyd.

After successfully rolling out our platform across Europe, we are absolutely thrilled to be able to help container transport companies in Mexico become more effective, said Luc De Clerck, Avantidas CEO. The Avantida platform will provide fantastic new opportunities to the Mexican transport community to save both money and time every single day.

Over the past year Avantida has both expanded in existing markets and entered new ones, including Germany, France, Poland, Lithuania and now Mexico. The platform is now available in 12 countries, with almost 4,000 registered companies and an average of 1,600 transactions a day.

About Avantida

Avantida, an INTTRA company, is an online platform that facilitates services offered by ocean lines to transport and logistic companies for digitally optimised container transport planning.

Headquartered in Antwerp, Belgium, with a tech hub in Krakow, Poland, Avantida is an agile team of 30 entrepreneurial minds that aims to digitally transform traditional logistics processes. To such extent, that major global ocean lines regard them as one of the most advanced players in their field, creating financial opportunities for all stakeholders in the chain. Services include reUse (empty container triangulation), depotX (change of pick-up and/or drop-off location of an empty container) and flexGate (pick-up or drop-off of empty containers after hours).

About CMA-CGM

Now headed by Rodolphe Saad, from its base in Marseille, the CMA CGM Group is present in more than 160 countries through its network of over 755 agencies, with more than 30,000 employees worldwide (4,500 in France). With a young and diversified fleet of 504 vessels, the CMA CGM Group serves over 420 of the world’s 521 commercial ports. Through more than 200 shipping lines, the company operates on every one of the world’s seas. Its global presence and efficient ships like the CMA CGM BOUGAINVILLE enabled the CMA CGM Group to transport a volume of 18.95 million TEUs last year.

About Hapag-Lloyd

With a fleet of 221 modern container ships and a total transport capacity of 1.6 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. The Company has around 12,300 employees and 387 offices in 127 countries. Hapag-Lloyd has a container capacity of 2.3 million TEU “ including one of the largest and most modern fleets of reefer containers. A total of 124 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

About INTTRA

INTTRA is the largest neutral network, software and information provider at the center of the ocean shipping industry. INTTRA’s innovative products, combined with the scale of our network, empower our customers to trade with multiple parties and leverage ocean industry information to improve their businesses. Connecting over 30,000 shipping companies across 200 countries with more than 60 leading carriers and over 150 software alliance partners, INTTRA streamlines the ocean trade process. More than 800,000 container orders per week are initiated on the INTTRA platform, representing over one quarter of global ocean container trade.

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Amazon to host first Southeast Asia Seller Summit for small and medium-sized businesses to Start Local, Go Global

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The two-day complimentary virtual event focuses on empowering small and medium-sized businesses to develop strategies and skills to reach more customers locally and globally

 

SINGAPORE – Media OutReach – 18 January 2021 – (NASDAQ:AMZN) – With online purchases on the rise and more consumers becoming digital-first in their shopping journey[1]Amazon is hosting its inaugural  Southeast Asia Seller Summit to help small and medium-sized businesses (SMBs) across the region reach more customers worldwide. The Amazon Southeast Asia Online Seller Summit 2021 will be held on January 28 and 29, 2021, 10am SGT onwards.

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Minister for Trade and Industry, Mr Chan Chun Sing, will grace the virtual event on January 28, 10am SGT as the Guest-of-Honour. He will be joined by leaders of Amazon Singapore, industry experts, and local business owners selling on Amazon.sg. With the focus on ‘Start Local, Go Global’, the Summit will discuss the impact of e-commerce trends and how local businesses can sell online with Amazon’s 18 marketplaces to expand internationally.

 

The Amazon Southeast Asia Online Seller Summit 2021 will make online cross-border selling more accessible to SMBs and equip them with the insights and resources to address rapidly evolving consumer demands and expectations. Sellers can learn about top product categories and how to grow their business online, with Amazon Merchandising and Brand Success Tools, while managing their logistics with Fulfilment by Amazon (FBA). Additionally, the Summit will include 1:1 sessions with third party service providers (logistics and payment companies) from Amazon’s Service Provider Network to share best practices for businesses to bounce back quicker from the impact of COVID-19 and expand their retail presence. Furthermore, sellers can connect with one another and learn about the skills development programs offered by Amazon.

 

“Supporting small and medium-sized businesses has been a fundamental part of the work we do at Amazon and we are excited to continue expanding our support for sellers in Singapore and Southeast Asia,” said Henry Low, Country Manager, Amazon Singapore. “I believe that everything big starts with something small. With our growing resources and support for local sellers here, we want to empower them to seize the huge opportunities in selling online and across shores — helping them start local, go global. As of today, we offer over 135 tools and services to help sellers worldwide manage their businesses. The Amazon Southeast Asia Online Seller Summit 2021 is another milestone for us to bring more sellers online, support their growth journey, and connect them with customers everywhere.” 

 

In addition to industry and consumer insights, participating SMBs can access professional training courses, 1:1 consultations, and programs to sell with Amazon. Local sellers on Amazon will also share their best practices and advice for SMBs. For instance, hear from Debbie Cai, founder of Rui Smiths, on how the hunger to build something of her own led her to quit her job as a news editor in New York City and become an entrepreneur. Since 2014, Debbie has been able to sell internationally with Amazon, despite a limited retail background, and grow Rui Smiths across twelve countries — US, Canada, Mexico, UK, Germany, Italy, France, Spain, Australia, Netherlands, Singapore and most recently, Sweden.

 

“My fellow seller ambassadors and the other sellers I have met through Amazon have been invaluable as a support network for me and my business. Some of the tips and insights we exchanged have affirmed my knowledge that we are all on the right track. I am looking forward to launching new products this year while widening my distribution circle internationally, by leveraging Amazon’s reach and tools. At the Amazon Southeast Asia Online Seller Summit 2021, I hope to share some of these learnings and experiences that have been fundamental to the success of my business,” said Debbie Cai, founder, Rui Smiths.

 

For a more hands-on guide to selling on Amazon, participants can join the workshop sessions hosted by Amazon on Day 2, January 29, 2021, between 10am and 5pm SGT.

 

For more information and event registration, please visit: http://amzn.to/SGOSS-signup


[1] Euromonitor International. https://go.euromonitor.com/white-paper-dc-200922-digital-consumer-journey.html

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, personalized recommendations, Prime, Fulfillment by Amazon, AWS, and Kindle are some of the products and services pioneered by Amazon. For more information, visit Amazon.sg.

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PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research

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45% of Singaporeans feel unwise to refinance within lock-in period, a top home loan misconception hampering opportunities to save money

 

SINGAPORE – Media OutReach – 18 January 2021 – PropertyGuru Group, (“PropertyGuru” or the “Group”), Asia’s leading property technology company, today revealed Singaporeans’ top misconceptions around home loan refinancing, according to new research conducted between 23 October to 30 November last year.

When asked for the reasons for not refinancing their home loans, the research identified that 45% of Singaporeans feel that refinancing their mortgage during their lock-in period is an unwise decision, 34% perceive that a lot of effort is involved to refinance their mortgages, while 21% brought up the need to pay thousands of dollars upfront when refinancing as a drawback.

Paul Wee, Managing Director (FinTech), PropertyGuru Group said, “These findings all point to common mortgage refinancing misconceptions amongst property owners. Contrary to conventional wisdom, there may be circumstances where refinancing during lock-in periods or incurring break costs may still make sense. We have helped homeowners attain a revised loan structure with lower monthly payments and higher savings in the long run, despite having to incur a legal fee subsidy claw back. This is achieved by tailoring a cost-benefit analysis to determine if a homeowner’s long-term savings outweigh the costs incurred to their current loan.”

Commercial banks’ interest rates have also reached historical new lows due to the pandemic, serving as a good checkpoint for homeowners to review their current financial commitments, including home loans, and ensure long-term household economic health.

“Just like going for a regular health check, it is prudent to re-evaluate your finances periodically to ensure that the mortgage is serving your needs optimally. Everyone’s situation is different, and so is each home. Singaporeans should take a strategic and holistic approach to mortgage refinancing by considering other key factors such as their current financial situation, employment outlook, personal cash flow, and even life plans,” added Paul.

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On the back of this discovery, PropertyGuru Finance‘s latest “#Switch2Save” campaign in Singapore aims to shed light on the process of home loan refinancing — thereby encouraging Singaporeans to act on the benefits of refinancing their home loans, thus saving money in the long run.

Bjorn Sprengers, Chief Marketing Officer & Head of FinTech, PropertyGuru Group said, “Getting a mortgage is often associated with uncertainty and inefficiency, as well as reams of paperwork, industry jargon, and tricky fine print. PropertyGuru’s #Switch2Save campaign shares the benefits of seeking one’s home loan through PropertyGuru Finance, a trusted mortgage advisor that is free, easy to work with and provides independent, personalised services for consumers’ better long-term financial benefits.”

To extend its reach amongst consumers, the campaign will be progressively rolled out through paid, owned, and earned media channels, running from 11 January 2021 till 31 March 2021, as part of a multi-channel marketing approach.

Why Refinance with PropertyGuru Finance?

  • Choose from over 140 attractive rates

PropertyGuru Finance partners with all major banks in Singapore, including DBS, OCBC, Citibank, UOB, Standard Chartered, and Maybank. This means that property owners can choose from a wide range of refinancing options to get the most competitive rates and promotions. PropertyGuru’s proprietary data is also used to regularly monitor home valuations and interest rates to help property owners optimally time moments of refinancing and enjoy the full benefit from capital gains.

  • Get future-proof advice and enjoy a seamless transition of home loans

Being independent from financial institutions, PropertyGuru’s team of experienced Home Finance Advisors can offer unbiased, personalised advice, and recommend the right home loan package. They will then navigate through the home loan marketplace, track indicative property valuations, submit the home loan applications, and share regular updates about the application status with homeowners/homeseekers — absolutely free of cost.

  • Smart, digital tools to simplify property finances

PropertyGuru’s technology offers a range of smart tools and features for every step of the home finance journey, from understanding loan eligibility and comparing loans to easily applying for multiple loans online. Some tools include a home affordability calculator, refinancing calculator, and a mortgage comparison tool. These services enable property owners to consume home financing services conveniently, securely, and instantly online.

#Switch2Save with PropertyGuru Finance at http://bit.ly/Switch2SavePGF today!

About PropertyGuru Group

PropertyGuru.com.sg was launched in 2007. It revolutionised the Singapore property market by taking it online and making property search transparent for everyone. For the past 13 years, PropertyGuru.com.sg has been helping property seekers in Singapore make confident property decisions. With over 5.5 million monthly visits* and 75%** consumer market share, PropertyGuru is the No.1 destination for Singapore homeseekers.

It is part of PropertyGuru Group, Southeast Asia’s leading property technology company and the preferred destination for 24.5 million property seekers to find their desired home, every month. PropertyGuru Group of companies empower property seekers with the widest option of over 2.7 million homes, in-depth insights and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

Over the decade, the group has grown from a regional property media powerhouse to a high-growth technology company with a robust portfolio of No.1 property portals across its core markets; award-winning mobile apps; best-in-class developer sales enablement platform, FastKey; mortgage marketplace PropertyGuru Finance; and a host of industry-leading property offerings including Awards, events and publications across Asia.

For more information, please visit propertyguru.com.sg; linkedin.com/company/propertyguru

 

*Source — Google Analytics data, Jan-Jun 2020

**Source –SimilarWeb – Engagement market share, last six-month average as of July 2020


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VP Bank in Singapore Awarded Best Private Bank in Asian Private Banker Awards for Distinction 2020

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HONG KONG SAR – Media OutReach – 18 January 2021 – VP Bank Ltd Singapore Branch has been awarded ‘Best Private Bank — Intermediary Services’ in the Asian Private Banker Awards for Distinction 2020. The win is testament to the bank’s long-standing expertise and commitment to financial intermediaries across the Asia-Pacific region.

 

As a valued partner for intermediaries, VP Bank’s unique services make up for more than half its business – unlike any other bank. These services come under the bank’s hybrid business model, where basic banking services, on behalf of end-customers, are designed to be as efficient, dependable and cost-effective as possible. These services are further complemented by VP Bank’s fund solutions offerings and IT infrastructure, such as the VP Bank e-bankingPLUS platform.

 

“We are honoured to accept this award from the Asian Private Banker, and I am thankful to our colleagues, clients and partners for their support and trust that has helped us achieve this recognition. We are in a strong position to expand our network, and offer excellent services for external asset managers, family offices and trustees,” said Thomas Jost, Head Intermediaries at VP Bank Ltd Singapore Branch.  

 

“In Asia, VP Bank is well-placed to provide our clients with an integrated offering through our Singapore wealth hub, drawing on our global expertise, ecosystem of partners and long-standing experience in serving our Intermediaries and Private Banking clients. ” added Reto Marx, Head Intermediaries & Private Banking.

 

Bruno Morel, VP Bank’s Singapore Branch CEO, underscored the growing importance of the Bank’s Asia business to be its partnership with Hywin Wealth Management Co Ltd., offering VP Bank the opportunity to build up business activities in the Chinese market and advance VP Bank’s Asia strategy together with a highly professional and reputable partner in China. In 2021, VP Bank will be intensifying the partnership with Hywin Wealth by continuously advancing business activities together in this attractive region. Most recently, VP Bank has also announced that it will be accelerating its digital transformation as an important milestone and key component of its Strategy 2026.

 

Commenting on VP Bank’s win, editor of Asian Private Banker, Sebastian Enberg who also chairs the judging panel for the Awards for Distinction said, “VP Bank’s patent commitment to Asia’s independent asset management community is well evidenced by its continued and meaningful investments in servicing, solutions, and digital capabilities, with the intent of supporting Independent Asset Managers and their clients beyond their traditional banking needs. This dedication is laudable in an industry where IAMs are not typically viewed as a core business priority, let alone partners. And it’s yielding results. In 2020 — and amid challenging conditions — VP Bank in Asia realised a marked increase in the quality of its IAM relationships, including in North Asia, healthy new asset inflows, and further added to its team of Intermediaries specialists, thereby distinguishing itself in a highly competitive space.”

 

The Asian Private Banker Awards for Distinction sets the benchmark for excellence in private wealth management in the region. The judging panel includes members of Asian Private Banker’s editorial team.

Facts & Figures – VP Bank Group

VP Bank Ltd was founded in 1956 and is one of the largest banks in Liechtenstein with 979 employees at the mid-2020 (full-time equivalent 908). It currently has offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and Road Town on the British Virgin Islands. VP Bank Group offers bespoke asset management and investment consultancy for private individuals and intermediaries. Due to the open architecture, clients benefit from independent advice: The products and services of leading financial institutions as well as in-house investment solutions are included in client recommendations. VP Bank is listed on the Swiss stock exchange SIX, and has an “A” rating from Standard & Poor’s. The bank has a sound balance sheet and capital base. Its anchor shareholders take a long-term view, guaranteeing continuity, independence as well as sustainability.

 

Facts & Figures – VP Bank Ltd Singapore Branch

VP Bank Ltd Singapore Branch is a boutique private bank with a client-centric business philosophy. With a presence in Singapore since 2008, it is the Asian branch of the Liechtenstein-based VP Bank Group.

 

VP Bank Ltd Singapore Branch provides specialised wealth management solutions and family office services for high-net-worth clients and professional asset managers and is dedicated to the protection and growth of clients’ wealth. The bank offers a holistic suite of services in wealth management. Apart from private wealth management, VP Bank Ltd Singapore Branch provides comprehensive services for asset managers and other financial intermediaries. The service offering comprises a trading platform, banking services – including e-banking and mobile banking – and operational support. Partnership arrangements with professionals include tailor-made investment advisory, discretionary management solutions, and custodian services.

VP Bank was awarded Best External Asset Manager Service Provider and Best Private Banking Regional Partnership at Greater China WealthBriefingAsia Awards for Excellence 2020 and Best Asia EAM Service Desk at Citywire Asia EAM Desk Awards 2020. In 2021, VP Bank was named Best Private Bank — Intermediary Services by Asian Private Banker.

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