Inovatif

Category: events

  • Russian Energy Week 2023: Restructuring the global oil market in terms of trade and logistics

     

    The Russian Energy Week International Forum (REW 2023) will be held in Moscow from 11-13 October. The participants will discuss the prospects for energy cooperation between Russia and the world’s largest emerging economies including China, India, and the African countries. One of the key topics of the upcoming Forum is the impact of the restructuring of transportation and logistics corridors on the global energy sector.

    The structural change is on the way

    “The global oil trade is undergoing a major structural change. Middle Eastern countries, which used to play an important role in providing commodities to the growing economies of East Asia, are now increasing their oil supplies to Europe. In turn, Russia has sharply increased its oil exports to India, China, and some other Asia Pacific countries. Additionally, Latin American countries, including Brazil and Guyana, with a commensurate shipment distance to Europe and Asia Pacific countries, are playing an increasing role in the oil market,” said Adviser to the President of the Russian Federation and Executive Secretary of the REW 2023 Organizing Committee, Anton Kobyakov.

    The shifts in the oil market impacts its future

    Stating that the global oil market continues to try to adapt to the current geopolitical events, “Russian oil, despite the restrictions imposed, enters various markets with a changed price structure. Logistics have become more complicated and expensive, as oil tankers have to travel long distances to deliver raw materials and petroleum products. The impact of these shifts on the future of the oil market will be one of the most important topics of the upcoming Russian Energy Week,” Kobyakov added.

    Almost half of the supply goes to 3 countries

    The largest importers of Russian refined products in August 2023 were Turkey, India, and the UAE. These three countries accounted for 46% of marine supplies from the Russian Federation (1.04 million out of 2.27 million b/d). The role of Brazil, China and Malaysia is becoming increasingly significant: These regional consumers accounted for a total of 18% (397,000 b/d) of the total structure of Russian oil products supplies.

    Singapore, which is actively developing its oil product hub, accounted for another 7% of the Russian Federation’s refined products shipments (152,000 b/d) in August. Greece and Malta

    also play a notable role: Transshipment of petroleum products takes place in the territorial waters of these EU countries, making the total share of these countries in exports in August of 2023 8% (191 b/s).

    Logistics flows to be restructured

    “The restructuring of logistics flows is not just a beautiful slogan, but a solid fact. For example, in August 2023, the top 20 leading importers of petroleum products from the Russian Federation included 9 African countries: Algeria, Ghana, Egypt, Libya, Morocco, Nigeria, Senegal, Tunisia, and Togo. The volume of marine supplies of petroleum products from Russia to these countries reached 411 thousand barrels per day (b/d), and their share in the structure of Russian exports amounted to 18%,” says Igor Yushkov, an expert from the REW Energy Club.

    In general, according to Igor Yushkov, the volume of offshore supplies of oil products from Russia has decreased by about 780,000 b/d over the past few months. This is primarily due to Russia’s commitments to reduce oil production under the OPEC+ deal.

    Supported by the Moscow City Government, the Russian Energy Week International Forum is organized by the Ministry of Energy of the Russian Federation and the Roscongress Foundation, which is a socially oriented non-financial development institution and a major organizer of conventions, exhibitions and business, public, youth, sporting, and cultural events.

  • Geno Asia Unveils Micropur TDCA Sprayer at Agri Malaysia 2023, Promising 75% Labor Cost Reduction

    Geno Asia, a prominent figure in the agricultural industry, took center stage at Agri Malaysia 2023 by unveiling its groundbreaking innovation, the Micropur TDCA Sprayer. This game-changing technology provides a glimpse into the future of efficient and sustainable agriculture, promising to reshape herbicide application practices in Malaysia’s oil palm sector.

    The Micropur TDCA Sprayer stands out with its remarkable capability to reduce labor costs by an astounding 75%. In the context of mature oil palm weed control, it outperforms conventional knapsack sprayers (CKS) by delivering four times the efficiency. This impressive feat is achieved by significantly minimizing the volume of water required for herbicide spraying.

    Revolutionary Micropur TDCA Sprayer

    Lai Seow Pheng, the Managing Director of Geno Asia, emphasized the significance of this innovation for Malaysia’s oil palm industry. He stated, “The Micropur TDCA Sprayer represents a game-changer for our local farmers and the entire oil palm sector. It not only enhances productivity but also aligns perfectly with our commitment to sustainability and resource conservation. As the sole distributor in Malaysia for this innovative product, we believe it will make a lasting impact on agriculture in the country.”

    Geno Asia’s active participation in Agri Malaysia 2023 showcased its dedication to introducing cutting-edge solutions to the agricultural sector. The exhibition, attended by 10,000 people and featuring over 450 exhibitors, provided a pivotal platform for industry leaders and stakeholders to explore the latest innovations. The event highlighted advanced technologies and sustainable farming practices, fostering knowledge exchange and collaboration. It is recognized by the Malaysia External Trade Development Corporation (MATRADE) for meeting international standards.

    “As Malaysia’s oil palm industry prepares to embrace the transformative potential of the Micropur TDCA Sprayer, the nation’s agriculture sector will become more efficient, with significant cost reductions and an unwavering commitment to sustainability,” enthused Lai.

    For more information about Geno Asia and the revolutionary Micropur TDCA Sprayer, please visit www.genoasia.com.

  • UEM Edgenta’s Speedy COVID-19 ICU Build Earns Malaysia Book of Records Recognition

    UEM Edgenta Berhad, a leading Asset Management & Infrastructure Solutions company in the region, has been recognized by the Malaysia Book of Records for its rapid construction of a Field Hybrid Intensive Care Unit (FHyICU) during the COVID-19 pandemic. This award, presented to its subsidiary Edgenta Healthtronics Sdn Bhd (EHSB), acknowledges their achievement in building the “FASTEST CONSTRUCTION OF FHyICU BUILDING DURING COVID-19 PANDEMIC,” a groundbreaking project that exemplifies UEM Edgenta’s dedication to innovation and project execution in challenging times.

    The inception of the FHyICU project was initiated by the Minister of Health and his Secretary-General as a response to the escalating COVID-19 infections in 2020. In collaboration with the Ministry of Health (MOH), UEM Edgenta embarked on this strategic partnership to elevate healthcare infrastructure and strengthen the nation’s health capacity.

    Syahrunizam Samsudin, Managing Director and Chief Executive Officer of UEM Edgenta, emphasized their commitment to supporting the government’s COVID-19 recovery efforts. Leveraging their specialized expertise, they successfully brought the MOH’s innovative FHyICU concept to life—a mobile ICU unit with its own self-sustaining power, oxygen, and water supply.

    Shaiful Subhan, Managing Director of Edgenta Mediserve Sdn Bhd and Head of Healthcare Solutions at UEM Edgenta, expressed pride in receiving recognition from the Malaysia Book of Records. He reaffirmed the company’s commitment to delivering innovative solutions and advancing Malaysia’s healthcare landscape, even in challenging circumstances.

    The construction of the 150-bed FHyICU facility was a groundbreaking initiative that enhanced critical care capabilities across multiple locations in Malaysia during the COVID-19 pandemic. This achievement underscored UEM Edgenta’s dedication to healthcare excellence and its support for the nation’s healthcare infrastructure during crises.

    The successful completion of the FHyICU project was the result of collaborative efforts between UEM Edgenta and its esteemed partners. UEM Edgenta, through EHSB, served as the main contractor and worked seamlessly with various partners, including Synar Setara Resources Sdn. Bhd., S&A Bintang Sdn. Bhd., and Perunding Al-Shura M&E Sdn. Bhd., each playing a pivotal role in this accomplishment.

    The certification ceremony, held at UEM Edgenta’s headquarters in Kuala Lumpur, featured Edwin Yeoh Tiong Chin, Senior Record Consultant from MBOR, presenting the award to Shaiful Subhan. Tuan Hj. Yahaya Saad, Director of the Engineering Services Division, along with representatives from MOH and Ir Mazlan Yusoff, Acting Chief Operating Officer of Healthcare Solutions at UEM Edgenta, were also present to witness this historic moment.

    UEM Edgenta remains committed to its journey of innovation, driving growth while delivering technology and sustainability-enabled impact to all stakeholders. For more information, please visit www.uemedgenta.com.

  • Cracking the Code of Neuropathic Pain: Early Diagnosis Vital for Diabetics

    September marks Global Pain Awareness Month, a critical time to illuminate the significance of pain and its management. Chronic pain affects a staggering 30% of the global population, plaguing individuals for more than three months.

    In an endeavor to comprehend the impact of neuropathic pain (NeP) and the unmet needs of diabetes sufferers, Viatris conducted a comprehensive survey involving 963 patients hailing from Italy, Spain, Malaysia, Mexico, and South Korea.

    Neuropathic pain (NeP), arising from somatosensory nervous system disorders, constitutes 20-25% of chronic pain cases. Regrettably, it is frequently underdiagnosed, leading to inadequate treatment. One of the prime culprits of NeP is painful diabetic peripheral neuropathy (pDPN), the most prevalent chronic complication of diabetes, resulting in agonizing nerve damage in the feet, legs, and hands.

    Key Insights

    One in four individuals with diabetes may develop painful diabetic peripheral neuropathy (pDPN), profoundly affecting their daily lives and emotional well-being.

    Patients’ Awareness and Diagnosis Experience

    • In Malaysia, 68% of patients were cognizant of the connection between pain symptoms and diabetes before receiving a diagnosis.
    • Globally, patients typically consulted physicians within four months of symptom onset, with diagnoses occurring within six months.
    • Misdiagnosis remains a pressing issue in Malaysia, impacting 63% of respondents.

    Impact of pDPN on patients

    • pDPN significantly compromises various aspects of patients’ lives, emotionally and practically. A staggering 75% in Malaysia had to adapt their work schedules, with 61% taking extended leaves from work.
    • Effects extend to mood (37%), participation in sports (48%), and sleep quality (37%).
    • Remarkably, only 1 in 5 patients worldwide feel comfortable discussing their condition, citing fears of discrimination, workplace issues, and embarrassment.

    The Imperative of Early Diagnosis and Treatment

    • Early diagnosis and timely treatment are paramount for managing underlying diseases and enhancing life quality.
    • In Malaysia, 58% of respondents are on prescription medications, with 23% expressing high satisfaction with their treatment.
    • Other avenues of treatment include dietary supplements (55%), physiotherapy (48%), and herbal remedies (33%).
    • Encouragingly, 48% of patients feel supported by loved ones, and 51% have learned to adapt to their condition.

    Jeff Bote, Country Manager of Viatris Malaysia, emphasized their commitment to supporting individuals grappling with painful diabetic peripheral neuropathy, given the profound impact on their quality of life. They underscore the importance of raising awareness regarding early detection, access to proper treatment, and addressing the unmet needs and challenges faced by those with this condition.

    In hindsight, one-third of patients worldwide would have sought advice earlier, avoided underestimating their symptoms, and communicated more effectively with their physicians. Patients express a need for more information on daily pain management (36%), increased public awareness (43%), and access to psychological support (47%).

  • Datuk Ir. Dr. Dennis Ganendra Achieves Coveted RAE International Fellowship for Exceptional Engineering Contributions

    The British Royal Academy of Engineering (RAE) has bestowed its prestigious International Fellowship upon Datuk Ir. Dr. Dennis Ganendra, CEO of Malaysia’s Minconsult. This esteemed honour, the highest recognition from the RAE, acknowledges Dr. Ganendra’s outstanding engineering contributions, his unwavering dedication to innovation, infrastructure projects, policy, and academic progress.

    Notably, Dr. Ganendra stands as the sole Asian recipient among the eight distinguished international fellows selected this year. With an impressive background, he holds fellowships from institutions such as the Institution of Civil Engineers (UK), Institution of Engineers (IEM) Malaysia, Institution of Highways and Transportation, Academy of Sciences Malaysia (ASM), and is a Climate Action Fellow of the UN Global Compact – Network Malaysia.

    Datuk. Ir. Dr Dennis Ganendra

    Dr. Ganendra, as the Chief Executive Officer of Minconsult Sdn Bhd, a prominent Malaysian engineering consultancy firm, brings over 30 years of multidisciplinary engineering project experience, boasting numerous award-winning local and international projects in his portfolio. His visionary leadership and nation-building initiatives continue to shape the industry, fostering transformative change for the betterment of societies. Additionally, he is the Founder of the pioneering renewable energy contractor, Timeless Green Sdn Bhd.

    Dr. Ganendra now joins an illustrious group of international fellows, which includes luminaries like Steven Chu FREng, Nobel Prize in Physics from Stanford University; John Hennessy FREng, former President of Stanford University and pioneer of RISC; and Frances Arnold FREng, Nobel Prize in Chemistry from Caltech. The Royal Academy of Engineering (RAE), founded under Royal Charter in the UK, is dedicated to the promotion of engineering excellence and the advancement of the engineering profession. Its charter emphasizes the pursuit, encouragement, and maintenance of excellence in the field of engineering for the greater benefit of the public and the economy.

    The Royal Academy of Engineering (RAE) is UK-based and created by Royal Charter. The RAE is dedicated to promoting engineering excellence and advancing the engineering profession. Its charter provides that: “The object of the Academy shall be the pursuit, encouragement and maintenance of excellence in the whole field of engineering to useful purpose in order to promote the advancement of the science, art and practice of engineering for the benefit of the public and economy”.

  • Worldwide Holdings Berhad Leading the Green Revolution

    In a remarkable stride towards environmental sustainability and energy innovation, Worldwide Holdings Berhad (WHB) is at the forefront of driving Waste-to-Energy (WTE) projects in Selangor, Malaysia. The company is currently spearheading the development of the largest and most advanced WTE facility in the country, marking a significant leap in the region’s waste management industry.

    The cornerstone of WHB’s commitment to sustainable development lies in its ambitious plan to develop the Jeram Waste-to-Energy Project. This project will collectively process an impressive 3,000 tons per day (tpd) of solid waste at the company’s Integrated Solid Waste Management Center (ISWMC) in Jeram, generating about 50 MW of clean and renewable energy. Additionally, another WTE plant to be developed at the ‘Tanjung Dua Belas ISWMC’ in Kuala Langat will process an additional 1,800 tpd of solid waste, producing 38 MW of electricity.

    One of the most remarkable aspects of WHB’s WTE initiative is its ability to effectively treat a wide spectrum of waste materials. This technology plays a pivotal role in addressing the unsorted waste problem, reducing the volume of solid waste by a staggering 90%. By implementing WTE solutions, Selangor is taking a significant step towards minimizing its environmental impact and overcoming waste management challenges.

    Furthermore, WHB’s commitment to the environment extends to resolving the scarcity of land for landfills in Selangor. The WTE facilities significantly reduce the dependency on engineered landfill disposal methods, which require a larger environmental footprint and pose long-term risks. By transitioning to WTE, Selangor can conserve valuable land resources and ensure a cleaner and healthier environment for its residents.

    The development of the ISWMCs by WHB marks a substantial contribution to supporting the Selangor state government’s sustainability agenda, aligning with the goals outlined in ‘Rancangan Selangor Pertama’ (RS-1). This aims to lead in sustainable development and safeguard a clean and robust environment for future generations. WHB’s investments in WTE facilities demonstrate a strong commitment to reducing greenhouse gas emissions and promoting a circular economy, where waste is transformed into valuable resources.

    “With these WTE projects in the pipeline in Selangor, we are set to further strengthen our position as a national champion in waste management, aligning with the nation’s move towards achieving zero-waste status,” said WHB Group CEO, Datin Paduka Norazlina Zakaria.

    WHB’s WTE projects are not just a testament to its dedication to environmental sustainability but also to its forward-thinking approach towards energy production. By harnessing the potential of waste as a resource, Selangor is not only addressing its waste management challenges but also contributing to its energy needs in an eco-friendly manner. This reduces reliance on fossil fuels and mitigates the environmental impacts associated with their extraction and consumption.

    Looking ahead, WHB is poised to make even greater strides in the field of WTE. The company plans to develop several more WTE plants over the next decade, further solidifying its commitment to transforming waste into clean energy and supporting Selangor’s journey towards a more sustainable future. As WHB continues to innovate and expand its WTE portfolio, it is clear that the company’s vision goes beyond mere waste management; it is a vision of a cleaner, greener, and more energy-efficient Selangor for generations to come.

  • ESG Evolution: COP27 to Carbon Stocks Insights

    In an era defined by mounting environmental concerns, social responsibility, and ethical governance, the rise of Environmental, Social, and Governance (ESG) principles has been nothing short of transformative. As the world grapples with the urgent need to address climate change and promote sustainable practices, ESG has emerged as a critical framework guiding both businesses and governments towards a greener and more equitable future.

    THE GENESIS OF ESG: PAVING THE PATH TO COP27
    The inception of ESG can be traced back to the mounting awareness about the consequences of unchecked environmental degradation and social inequality. ESG’s roots lie in the early sustainability movements that championed the need for responsible business practices, community engagement, and ethical corporate governance. At COP27, the trajectory reached a significant milestone, where nations congregated to address the accelerating climate crisis. COP27 heralded a renewed commitment to curbing greenhouse gas emissions, with a growing emphasis on collaborative global eff orts. This conference placed ESG’s relevance on the international stage, with environmental stewardship, social equity, and transparent governance at the forefront of policy discussions.

    ESG INTEGRATION IN MALAYSIAN BUSINESSES
    ESG’s imprint extends far beyond policy considerations, effectively permeating and reshaping the
    entire business landscape in Malaysia. Companies of all scales, ranging from industry giants to small enterprises, have astutely recognised that embracing and integrating ESG practices goes beyond aligning with global imperatives—it becomes a strategic decision that significantly influences
    brand reputation, financial performance, and long-term sustainability.

    In a study conducted by the Malaysia Institute for Supply Chain Innovation, it was revealed that businesses that prioritise ESG principles tend to outperform their peers in terms of financial performance. Notably, companies that demonstrated robust environmental and social practices experienced an average of 25% higher return on equity (ROE) compared to their counterparts who did not prioritise ESG considerations.

    Furthermore, a survey conducted by the Malaysia Business Ethics Institute (MBEI) disclosed that over 80% of consumers in Malaysia consider a company’s commitment to environmental and social responsibility when making purchasing decisions. This consumer sentiment highlights the pivotal role ESG plays in shaping brand perception and influencing consumer choices.

    Large corporations in Malaysia, such as Petronas, have proactively integrated ESG into their business strategies. Petronas’ initiatives to reduce carbon emissions through energy-efficient practices not only contribute to environmental goals but have also resulted in significant cost savings. The company’s investments in renewable energy and sustainable technology have not only earned it recognition as a responsible corporate citizen but have also attracted eco-conscious investors.

    In the realm of small and medium-sized enterprises (SMEs), a survey by the Sustainable Energy Development Authority Malaysia (SEDA) unveiled that over 70% of SMEs are actively seeking to enhance energy efficiency and adopt cleaner technologies. These efforts not only reduce the carbon footprint but also position SMEs as forward-thinking entities aligned with global sustainability trends.

    The Malaysian government’s efforts to incentivise ESG practices have also bolstered the integration of these principles. The introduction of tax incentives and grants for businesses engaged in eco-friendly
    initiatives has garnered increased interest and engagement from the corporate sector. This intersection of government support and business initiative demonstrates the growing recognition of ESG’s impact on
    long-term profitability.

    In essence, ESG integration in Malaysia transcends being a superficial trend, resonating deeply with both consumer preferences and financial realities. The data and statistics outlined above indicate that companies embracing ESG practices are not only meeting global ethical standards but are also carving a competitive edge in the market. As businesses continue to navigate an ever-evolving landscape, the significance of ESG in enhancing brand reputation, financial performance, and overall sustainability becomes irrefutable.

    MALAYSIA’S ESG JOURNEY: A PARADIGM SHIFT FOR SUSTAINABILITY
    Malaysia’s stride towards COP27 was marked by a series of proactive measures to align its policies and industries with ESG principles. A notable endeavour was the launch of the Bursa Carbon Exchange (BCX), Malaysia’s voluntary carbon market exchange. BCX not only embodies the nation’s commitment to net-zero emissions by 2050 but also symbolises Malaysia’s emergence as a key player in the global carbon credit ecosystem.

    According to Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia Berhad, “The launch of Bursa Carbon Exchange is momentous as it will play a significant role in supporting the nation’s, and indeed the world’s, voluntary carbon market ecosystem.” This initiative positions Malaysia at the forefront of sustainable finance, marrying its role as a global Islamic financial marketplace with innovative carbon credit offerings.

    INVESTING IN CARBON STOCKS: NAVIGATING PROFITABLE SUSTAINABILITY
    Investing in carbon stocks has emerged as a compelling avenue for both environmentally conscious investors and those seeking lucrative opportunities. As the global drive towards sustainability gains momentum, carbon stocks present a unique convergence of responsible investing and financial growth. These stocks offer investors the chance to not only contribute to carbon reduction initiatives but also to reap potential financial rewards. Below, we delve into the top-performing carbon stocks of 2023 that exemplify the blend of sustainability and profitability.

    1. Carbon Streaming Corporation (NETZ.NEO and OFSTF.OTC)
    Carbon Streaming Corporation stands as a trailblazer in the carbon credit landscape, focusing on offset credits and securing high-quality carbon credits due to its early-mover advantage. Trading on the
    NEO exchange in Canada and the OTC market in the U.S., the company’s vision extends to listing on the NASDAQ in the near future. Analysts from institutions like TD, Bank of Nova Scotia, BMO, and H.C. Wainwright have endorsed Carbon Streaming’s potential, with an average price target of around US$4.50. Carbon Streaming’s strategic approach highlights its role as a leveraged play on the increasing demand and value of carbon credits within the voluntary carbon market.

    2. DevvStream (DESG.NEO)
    DevvStream, a new entrant in the arena, offers financing for green projects in exchange for carbon credit rights. Partnering with its parent company, Devvio, DevvStream leverages an advanced blockchain-based ESG platform. This B2B service provides a framework for global-scale enterprise management, ensuring regulatory-compliant transaction management, ESG reporting, and recordkeeping. DevvStream’s unique positioning within the ESG ecosystem makes it a compelling player with access to an expanding market.

    3. Base Carbon (BCBN.NEO)
    Base Carbon, akin to Carbon Streaming Corp., channels its efforts into financing carbon projects generating voluntary carbon credits. The company’s executed project agreements are poised to generate an estimated 34 million carbon credits, equivalent to approximately 3 million tonnes annually at full production. With a commitment of US$29.6 million for projects in Rwanda and Vietnam, Base Carbon tackles household energy inefficiencies through initiatives like fuel-efficient cookstoves and safe-drinking water purifiers. The company’s robust balance sheet, strong cash position, and strategic partnerships position it favourably for the projected growth in the voluntary carbon market.

    4. Brookfield Renewable Partners (BEP)
    Brookfield Renewable Partners stands out as a global leader in renewable energy and decarbonisation technologies. With an exclusive focus on clean energy, BEP’s portfolio comprises hydroelectric plants, wind farms, solar power plants, and other sustainable energy solutions. Their development pipeline, targeting a 46% increase in power capacity over three years, showcases their dedication to renewable expansion. BEP’s proven track record, stable business model, and extensive global presence make it a go-to choice for investors seeking exposure to carbon markets. With a strong dividend yield, consistent growth in distributions, and an emphasis on clean energy, BEP aligns seamlessly with the growing trend toward responsible investing.

    CARBON STOCKS ARE PAVING THE WAY TO A SUSTAINABLE FUTURE
    As more and more public companies declare their net-zero ambitions and disclose their carbon emissions, responsible investing is becoming a hot topic in financial markets. Big money is pouring into renewable energy and offsetting emissions using carbon credits. Meta, Apple, and Netflix are among the tech giants leading the charge towards net-zero targets by 2030. Meanwhile, major mining companies
    like Barrick and Newmont, as well as energy giants like Saudi Aramco, Exxon, and Shell, are also making similar commitments.

    These developments will likely increase investor interest in all things carbon-related in 2023 and beyond. And as 2030 draw closer, we can expect this trend to accelerate even further. Carbon stocks could prove a valuable addition to an investor’s portfolio as the world heads towards net-zero targets.

    ANTICIPATING COP28 AND BEYOND: A SUSTAINABLE TRAJECTORY
    As COP28 approaches, the world is poised to build upon the achievements of COP27. The momentum created by ESG initiatives, including the rise of carbon stocks, will likely shape discussions and actions at COP28. The success of these endeavours hinges on the concerted efforts of governments, businesses, and individuals to embrace ESG as an integral part of their strategies.

    The evolution of ESG from a concept to a driving force shaping sustainability and responsible governance is painting a promising picture of a world that acknowledges its responsibilities. With that, it is also taking proactive steps towards a greener, more equitable future.

  • Evadore’s ReFi Revolution: Pioneering Sustainable Finance in the World of Cryptocurrency

    Evadore, the groundbreaking Regenerative Finance (ReFi) ecosystem by EvaLabs, has made its debut on major cryptocurrency exchanges including Lbank, Bitmart, P2PB2B, and XT. This transformative platform is on a mission to unite blockchain entrepreneurs, startups, and communities by harnessing eco-friendly blockchain technologies that are driving us towards a more sustainable future.

    In the Evadore whitepaper’s tokenomics analysis, it’s revealed that 39.045% of the initial supply was distributed through the Initial Exchange Offering (IEO). The remaining allocations are as follows: 4% for marketing, 3% for AirDrops, 7.5% for staking rewards, and a significant 16% earmarked for the Evadore Foundation.

    A Blockchain Solution to Tackle Carbon Emissions

    Evadore, an EvaChain-based initiative by EvaLabs, champions the application of ReFi principles—focused on sustainability, social justice, and environmental stewardship—in blockchain financial systems. Isiah Cargo, CIO of EvaLabs, emphasized the pressing need for change, highlighting that “87% of energy consumed by blockchain technologies is derived from non-renewable sources.”

    Investing in Renewable Energy

    The project’s technical documentation unveils plans for a financial system that shifts away from fossil fuels towards sustainability. Revenues generated within the Evadore ecosystem will be directed towards mitigating carbon emissions, specifically by funding hydroelectric, solar, and wind energy projects. Isiah Cargo also hinted at Evadore’s role in facilitating carbon offset initiatives and combating deforestation by acquiring carbon credits through the Evadore Foundation.

    More than Just a Wallet: A Comprehensive Ecosystem

    EvaLabs’ ReFi ecosystem offers a diverse range of sustainable financial products and services, including Eva Chain, EvaStore, EvaPay, GreenWallet, EvaForest, and CarbonEva. Isiah Cargo underscored Evadore’s commitment to a well-balanced ecosystem, stating, “Evadore extends an invitation to the world for a carbon-free future through its globally scalable, carbon-neutral blockchain solution.”

  • ASUS Unveils Zenbook Pro 14 OLED (UX6404)

    ASUS has introduced the Zenbook Pro 14 OLED (UX6404), a sleek and compact 14.5-inch laptop designed for creative professionals on the go. This sophisticated powerhouse boasts cutting-edge features, making it the ultimate tool for creativity and productivity.

    The highlight of the Zenbook Pro 14 OLED is its stunning 16:10 3K 120 Hz OLED NanoEdge Dolby Vision display. It delivers impeccable detail, fluid motion, and vivid colours. PANTONE Validated for colour accuracy and boasting a cinema-grade 100% DCI-P3 gamut, this display elevates content creation and consumption with brilliant HDR images and deep blacks.

    Under the hood, this laptop is powered by the latest 13th Generation Intel Core i9 H-series processor, paired with studio-grade NVIDIA GeForce RTX 4070 graphics, 32 GB of fast DDR5 RAM, and a lightning-fast 1 TB SSD.

    Productivity and creativity are further enhanced by the ASUS DialPad, providing intuitive app control, and a comprehensive set of I/O ports including Thunderbolt 4 USB-C, USB 3.2 Gen 2 Type-C, USB 3.2 Gen 2 Type-A, HDMI 2.1, and an audio combo jack. Immerse yourself in audio excellence with the Harman Kardon-certified Dolby Atmos speaker system and ASUS AI noise-cancelling audio technology.

    The Zenbook Pro 14 OLED’s 3K OLED touchscreen features a 120 Hz refresh rate and 0.2 ms pixel response time, ensuring smooth visuals. It’s also adaptable, with different colour gamut options for various tasks or preferences. The display is protected by Corning Gorilla Glass NBT and supports the optional ASUS Pen 2.0 stylus for a premium drawing and writing experience.

    Performance-wise, this laptop is a dream machine for creators, with its high-end components and a long-lasting 76 Wh battery. The NVIDIA GeForce RTX 4070 GPU offers real-time ray tracing, while the MUX Switch reduces latency for gaming content creators.

    Keeping things cool is the ASUS IceCool Pro cooling system, complete with dual fans, external exhaust vents, and dust filters. Plus, ASUS WiFi Master Premium technology ensures rock-solid wireless connections.

    In terms of design, the Zenbook Pro 14 OLED boasts a premium Harman Kardon-certified sound system, Dolby Atmos certification, and ASUS AI noise-cancelling for crystal-clear conference calls. The FHD infrared camera allows for quick and secure face unlocking with Windows Hello.

    The laptop also introduces the ASUS DialPad, a rotary touch controller for precise control over creative apps. The ASUS ErgoSense keyboard offers exceptional typing comfort, and the touchpad is both comfortable and easy to clean.

    For connectivity, the Thunderbolt 4 USB-C port, HDMI 2.1 port, USB 3.2 Gen 2 Type-C and Type-A ports, and SD card reader ensure compatibility with the latest devices and peripherals.

    The ASUS Zenbook Pro 14 OLED (UX6404V) is available in Malaysia starting from September 19, 2023, for RM10,999 at ASUS authorized dealers and the official ASUS e-store. Explore this powerful creator laptop and unleash your creative potential.

  • New Moscow Central Diameter (MCD-4) Opens as the Longest Commuter Line, Enhancing Urban Mobility

    The grand inauguration of Moscow’s fourth Central Diameter, MCD-4, has transformed the city’s transportation landscape. Stretching a remarkable 86 kilometres from west to east, this commuter marvel intersects the Russian capital, connecting seven central railroad stations and offering commuters unprecedented convenience, speed, and affordability.

    MCD-4, opening just weeks after MCD-3, has now claimed the title of Moscow’s lengthiest rapid transit line. With 36 strategically located stations and 38 connection points to the subway, MCC, and other MCD lines, it boasts the most modern infrastructure among its counterparts. In the near future, MCD-4 will proudly welcome two additional stations, solidifying its status as a pinnacle of urban mobility excellence. Remarkably, 67% of its stations (24 in total) have already transformed into bustling transportation hubs, aligning with the highest standards of contemporary urban transit systems.

    Passenger Convenience Takes Center Stage

    For commuters, MCD-4 promises an unparalleled travel experience. During peak hours, the train frequency will be an impressive 5.5 minutes, ensuring swift journeys. Moreover, thanks to an innovative tariff system, fares have been slashed by a staggering threefold, dropping from 200 to just 65 rubles. Moscow’s acclaimed ticketing system, honoured with Transport Ticketing Awards in both 2020 and 2021, enables passengers to enjoy free transfers to the subway, MCC, and other MCD lines within 90 to 120 minutes on select routes.

    The fourth diameter of the MCDs opened in the Russian capital

    A City Transformed

    The launch of MCD-4 promises to be a game-changer for Moscow’s mobility ecosystem. Neighbouring subway lines are poised to experience a notable 9% reduction in traffic, while some of the city’s busiest highways will witness a decrease in the number of cars.

    Russian President Vladimir Putin and Moscow Mayor Sergey Sobyanin jointly inaugurated MCD-4, a remarkable achievement that now unites over 20 districts within Moscow and extends its reach to four cities in the Moscow suburbs. It is projected that by the end of 2023, MCD-4 will serve a daily ridership of 260-270 thousand people, with ample capacity to meet the city’s growing needs for years to come.

    The dawn of MCD-4 signifies a monumental leap forward in Moscow’s transportation landscape, delivering on the promise of more accessible, efficient, and sustainable urban mobility.