Triller Inc. ได้รับเงินทุนจำนวน 310 ล้านดอลลาร์จาก Global Emerging Markets (GEM) โดยเกี่ยวข้องกับการเสนอขายหลักทรัพย์ที่กำลังจะมีขึ้น

บริษัทคาดว่าจะทำการซื้อขายในตลาดหลักทรัพย์ในช่วงต้นไตรมาสที่ 4 ภายใต้สัญลักษณ์ “ILLR”

ลอสแอนเจลิส, Sept. 30, 2022 (GLOBE NEWSWIRE) — Triller Inc.(“Triller”) และ GEM Global Yield LLC SCS (“GGY”) ได้ประกาศในวันนี้ว่าจะมีการลงทุนมูลค่า 310 ล้านดอลลาร์จาก GEM ซึ่งเป็นกลุ่มการลงทุนทางเลือกนอกตลาดในลักเซมเบิร์ก ในรูปแบบของการสมัครสมาชิกหุ้น ภายใต้ข้อตกลงดังกล่าว GEM จะให้ทุนแก่ Triller สูงสุดถึง 310 ล้านดอลลาร์ในระยะเวลา 36 เดือนหลังจากการจดทะเบียนหุ้นสามัญของ Triller สู่สาธารณะ

Triller จะไม่มีภาระผูกพันในการถอนเงินเต็มจำนวน 310 ล้านดอลลาร์ แต่สามารถถอนได้บางส่วนหรือทั้งหมดขึ้นอยู่กับดุลยพินิจของ Triller Triller จะควบคุมทั้งระยะเวลาและจำนวนการเบิกถอนทั้งหมด และจะออกหุ้นให้กับ GEM ในการถอนออกจากวงเงินในแต่ละครั้ง Triller จะออกใบสำคัญแสดงสิทธิให้กับ GEM ด้วยเช่นกัน เพื่อให้สอดคล้องกับผลประโยชน์ของบริษัท

Triller ยื่น S-1 ส่วนตัวกับสำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ของสหรัฐอเมริกาเมื่อเดือนที่แล้ว และกำลังส่งสิ่งที่คาดว่าจะเป็น S-1 สุดท้ายพร้อมกับการปิดโรงงานนี้ โดยมีการคาดว่าการซื้อขายจะเริ่มขึ้นในต้นไตรมาสที่ 4 ปี 2022

“Triller มีการเติบโตขึ้นอย่างมาก” Mahi de Silva ซีอีโอและประธานของ Triller กล่าว “เมื่อเริ่มก่อตั้งในปี 2019 เราเป็นบริษัทที่ไม่มีรายได้ ทว่าตอนนี้เรากำลังอยู่ในเส้นทางที่จะสร้างรายได้ 100 ล้านดอลลาร์ในปีนี้ มีการดาวน์โหลดแอป Triller มากกว่า 350 ล้านครั้ง และทางบริษัทเองก็ได้ทำงานร่วมกับแบรนด์ที่ใหญ่ที่สุดในโลกหลายสิบแบรนด์และศิลปินชั้นนำอีกหลายพันคน ซึ่งทำให้ชุมชนครีเอเตอร์ทั้งหมดต้องหยุดชะงัก”

Triller มีสายธุรกิจ 10 สาย โดยแปดสายอยู่ในจุดคุ้มทุนหรือทำกำไรได้ และมีการโต้ตอบ 750 ล้านครั้งต่อไตรมาส ซึ่งแต่ละสายเป็นธุรกรรมที่สามารถสร้างรายได้ให้กับบริษัทได้ในอนาคต

ด้วยเงินทุนจาก GEM นี้นั้น จะทำให้ Triller สามารถเข้าซื้อกิจการเพิ่มเติมเพื่อเสริมความแข็งแกร่งให้กับกล่องเครื่องมือสำหรับชุมชนครีเอเตอร์และเข้าถึงจุดคุ้มทุนหรือความสามารถในการทำกำไรในระยะสั้นได้ สมมติว่าใช้วงเงินเต็มจำนวน 310 ล้านดอลลาร์ ทาง Triller จะระดมเงินได้มากกว่า 600 ล้านดอลลาร์ และเมื่อเสนอขายหุ้น IPO แล้ว ก็จะไม่มีหนี้สินใด ๆ

“Triller กำลังทำลายกฎของระบบแบบปิดทั้งหมด เป็นการท้าทายวิธีการที่สถานประกอบการแบบเก่าใช้ประโยชน์จากครีเอเตอร์และผู้ใช้ด้วยการเก็บเงิน 99 เปอร์เซ็นต์เอาไว้ภายในระบบเพื่อตัวมันเองครับ” De Silva กล่าว “เหตุผลที่อุตสาหกรรมนี้ตั้งอยู่บน MAU, DAU และอื่น ๆ ในทำนองเดียวกัน นั่นก็คือในเรื่องของเวลาที่มีคนใช้เวลาอยู่ในระบบแบบปิดของบริษัทแห่งหนึ่ง และหมายความว่าเครือข่ายโซเชียลนั้น ‘เป็นเจ้าของ’ ในทั้งผู้ใช้ รายได้ แบรนด์ และข้อมูล

“Triller ได้ทำลายระบบที่เปิดกว้าง ในฐานะที่เป็นระบบแบบเปิดนั้น เป้าหมายของเราคือนำพลังกลับคืนมาอยู่ในมือของครีเอเตอร์และผู้ใช้ ทำให้ครีเอเตอร์และแบรนด์สามารถเชื่อมต่อได้โดยตรง เราได้จัดเตรียมเครื่องมือต่าง ๆ เพื่อเพิ่มการเชื่อมต่อเหล่านั้นให้สูงสุด และให้แต่ละการเชื่อมต่อเหล่านั้นสามารถสร้างรายได้ได้ดีที่สุดด้วยเช่นกัน นอกจากนี้ การพิจารณาจำนวนการโต้ตอบที่เราอำนวยความสะดวกนั้นช่วยให้เราคาดการณ์รายได้ในอนาคต เนื่องจากแต่ละรายการเป็นค่าธรรมเนียมการทำธุรกรรมที่อาจเกิดขึ้นสำหรับเรา”

เกี่ยวกับ Triller Inc.

Triller เป็นแพลตฟอร์มสวนทางเทคโนโลยีแบบเปิดที่ขับเคลื่อนโดย AI สำหรับครีเอเตอร์ จับคู่วัฒนธรรมดนตรีเข้ากับกีฬา แฟชั่น ความบันเทิง และอินฟลูเอนเซอร์ผ่านทางมุมมอง 360 องศา ของเนื้อหาและเทคโนโลยี Triller สนับสนุนให้อินฟลูเอนเซอร์โพสต์เนื้อหาที่สร้างขึ้นบนแอปผ่านแพลตฟอร์มโซเชียลมีเดียต่าง ๆ และใช้เทคโนโลยี AI ที่เป็นกรรมสิทธิ์เพื่อทำการผลักดันและติดตามเนื้อหาที่เผยแพร่ไปยังเว็บไซต์และเครือข่ายในเครือและเครือข่ายที่ไม่เกี่ยวข้อง ทำให้พวกเขาสามารถเข้าถึงผู้ใช้ได้เพิ่มขึ้นหลายล้านคน Triller ยังเป็นเจ้าของ VERZUZ ซึ่งเป็นแพลตฟอร์มดนตรีสตรีมสด แบรนด์กีฬาการต่อสู้ทั้ง Triller Fight Club, Triad Combat และ BKFC, Amplify.ai ซึ่งเป็นแพลตฟอร์มสร้างการมีส่วนร่วมกับลูกค้าชั้นนำ FITE.tv บริการสตรีมมิ่ง PPV, AVOD และ SVOD ชั้นนำระดับโลก Thuzio ผู้นำในกิจกรรมและประสบการณ์ผู้มีอิทธิพลระดับพรีเมียม B2B, Fangage แพลตฟอร์มสำหรับครีเอเตอร์เพื่อดึงดูดแฟน ๆ และสร้างรายได้จากเนื้อหา และ Julius แพลตฟอร์มสำหรับแบรนด์และเอเจนซี่เพื่อควบคุมครีเอเตอร์เพื่อมีส่วนร่วมทางสังคมและการค้าทางสังคม

เกี่ยวกับ GEM

Global Emerging Markets (“GEM”) เป็นกลุ่มการลงทุนทางเลือกนอกตลาดในลักเซมเบิร์กมูลค่า 3.4 พันล้านดอลลาร์ โดยมีสำนักงานในปารีส นิวยอร์ก และบาฮามาส GEM จัดการกลุ่มเครื่องมือการลงทุนที่หลากหลายซึ่งมุ่งเน้นไปที่ตลาดเกิดใหม่ และได้ทำธุรกรรมไปแล้วกว่า 530 รายการในกว่า 70 ประเทศ เครื่องมือในการลงทุนแต่ละประเภทมีระดับการควบคุมการปฏิบัติงาน ผลตอบแทนที่ปรับตามความเสี่ยง และโปรไฟล์สภาพคล่องที่แตกต่างกัน กลุ่มกองทุนและเครื่องมือการลงทุนต่าง ๆ นี้ช่วยให้ GEM และพันธมิตรได้รับ: การเข้าซื้อกิจการโดยผู้บริหารโดยมีหุ้นขนาดเล็กไปจนถึงขนาดปานกลาง การลงทุนนอกตลาดในตราสารทุนสาธารณะและการลงทุนที่เลือก สำหรับข้อมูลเพิ่มเติม: http://www.gemny.com

Tony Freinberg
ประธานของ Edendale Strategies
tony@edendalestrategies.com
(310) 614-1435

Madison Newbond Hotel Lending Platform Originates $20 Million Loan for the Balfour Hotel in Miami Beach

NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) — Madison Newbond, the institutional lending platform of Madison Realty Capital and Newbond Holdings that provides first mortgages, mezzanine loans and preferred equity to hotel owners and developers nationwide, today announced that it has provided a $20 million loan to FullG Capital’s equity sponsorship group for the acquisition of the Balfour Hotel Miami Beach (the “Balfour”), an independent boutique hotel located at 350 Ocean Drive in Miami Beach, Florida.

Located within Miami’s famed South Beach Art Deco District and situated less than one block from the beach, the Balfour contains 82 guestrooms across two towers, as well as an upscale restaurant and bar, an outdoor plunge pool, complimentary beach services, and approximately 1,300 square feet of rooftop terrace space. The hotel is managed by Driftwood Hospitality Management under a third-party hotel management agreement.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Miami is no longer just a top destination for domestic and international leisure travel, but has rapidly become a growing hub for corporations and financial firms seeking to relocate their headquarters. We are pleased to provide a flexible financing solution to facilitate the acquisition of a superbly well-located hotel in one of the most liquid and dynamic hospitality markets in the country.”

Drew Coles, President of FullG Capital said, “Madison Realty Capital is a highly experienced lender in the Miami hospitality market with a reputation for certainty of execution. We are thrilled to leverage Madison Newbond’s attractive financing capabilities to complete the acquisition of the Balfour.”

Neil Luthra, Founding Partner at Newbond, added, “Madison and Newbond’s extensive operating experience enables us to efficiently underwrite hospitality lending opportunities and provide borrowers with a reliable financing partner in today’s choppy credit environment.  The Balfour perfectly exemplifies this, and we are excited to work with the FullG Capital team to bring their business plan to life.”

Madison Realty Capital has significant experience investing in hotel and luxury condominium developments in Miami and across South Florida. Notable transactions include an $85 million loan to The Related Group, BH Group, Teddy Sagi’s Globe Invest, and Wanxiang Group Corporation for the acquisition and pre-development of a luxury condominium project on Fisher Island in Miami Beach, a $76 million loan to The Related Group for the development of District 225, a 343-unit luxury condominium project in Miami, a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale, and a $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami.

Madison Newbond launched in November 2021 with approximately $500 million of initial lending capacity and has plans to add scale in line with existing opportunities.

 

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been named to Commercial Observer’s prestigious “Power 100” list of New York City real estate players. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

About Newbond Holdings

Newbond Holdings, founded by Neil Luthra and Vann Avedisian in 2021, is a real estate investment and operating platform focused on debt and equity investments across multiple real estate product types with a hospitality focus as well as investments in related operating businesses and technology platforms. The partners at Newbond have completed over $15 billion of debt and equity transactions. As a vertically integrated operating and investment platform, Newbond is uniquely positioned to create significant value beyond the typical investment process through creative structuring, operations and the development of single and multiple asset brands.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

Innovative agreement will have union workers processing critical minerals from seafloor nodules for production of electric car batteries

NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) — Today the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and The Metals Company (TMC) announced that they have entered into a labor neutrality agreement to bolster the critical mineral supply chain and to lay the groundwork for sustainable production of electric car batteries while creating a path to more good union jobs in the United States.

TMC will process and eventually recycle key battery metals responsibly collected from polymetallic nodules that lay unattached on the seafloor in the Eastern Pacific off the coast of North America. Battery metals, many of which are included on the US critical mineral list, are an essential ingredient to decarbonization and without secure supply and processing capabilities, the American automotive industry and American jobs underpinning the clean energy transition remain vulnerable.

Building large-scale metals processing infrastructure and mineral supply chains in the United States will enhance national and economic security and help ensure TMC’s processing operations create good-paying U.S. jobs.

UAW President Ray Curry stated, “UAW members helped create America’s middle class by bargaining agreements that lifted not only their standard of living, but those in entire sectors of our economy.” He adds, “we have insisted that the transition to electric vehicles must not come at the expense of autoworkers, their families, and communities. We commend TMC for showing companies that the way forward should include respect for the rights of their future workforce to join together and collectively bargain for good wages, benefits, and working conditions.”

UAW believes that the transition to EVs demands the creation of a strong US supply chain not only for batteries but also the critical metals which power those batteries.

TMC Chairman and CEO Gerard Barron commented: “We are pleased to be working hand in hand with such a forward-thinking organization as the UAW to enable large-scale domestic metal processing and refining facilities in the United States. The UAW has nearly a century of collective bargaining experience in the automotive industry and has earned a reputation for protecting workers, protecting the environment, and fighting for justice. From making the very first contribution to set up Earth Day to its active position in the Civil Rights Movement, the UAW has an impressive record of leadership on social and environmental issues.”

Nasdaq-listed TMC is the only nodule exploration contract holder to have defined its metal resources per US SEC standards, identifying enough nickel, cobalt, copper, and manganese in situ in two of the Company’s three exploration areas to electrify 280 million electric vehicles, equivalent to the entire US passenger fleet. Mining.com has ranked TMC’s NORI and TOML contract areas as the #1 and #2 largest undeveloped nickel projects in the world, representing the largest potential alternative to the supply of nickel which is currently dominated by Russian- and Chinese-funded operations. Further, peer-reviewed studies suggest that the responsible collection of polymetallic nodules, which unlike other mineral extraction endeavors, requires no blasting, no drilling, no digging and no forced or child labor, can significantly compress the planetary impacts of metal production including a significant reduction in carbon impacts, solid waste, and the elimination of toxic tailings. The Company is aiming to locate a large-scale processing facility producing battery materials — nickel and cobalt sulfate and copper cathode — in the United States to support a localized battery supply chain.

For years UAW has highlighted the supply chain vulnerabilities for battery metals and semiconductors which severely affect the US auto industry. As metal refining, EV battery material and cell production, and recycling centers that will power the domestic electric automotive industry expand, the UAW maintains the work must be done by workers’ who collectively bargain.

UAW will help ensure that the highly skilled labor necessary to support this sustainable vision has an opportunity to express their voice in the workplace. TMC in turn acknowledges that future processing employees will have the freedom to choose union representation, and it embraces expeditious procedures to determine majority status.

About The Metals Company:

The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The Company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga.

More Info 
Media | media@metals.co
Investors | investors@metals.co

Forward Looking Statements

Certain statements made in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements contained in this press release include, without limitation, statements regarding the location of any processing facilities, as well as the design, use and accuracy of any technology developed by TMC and its partners, agents and/or service providers to support its operations. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: regulatory uncertainties and the impact of government regulation and political instability on TMC’s resource activities; changes to any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the Clarion Clipperton Zone and recovery rates of impacted ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that TMC may recover; risks associated with collection, development and processing polymetallic nodules; risks associated with TMC’s limited operating history; the impact of the COVID-19 pandemic; risks associated with TMC’s intellectual property and the validity, use and ownership of any new technology or intellectual property subsisting therein; and other risks and uncertainties indicated from time to time in the Company’s Form 10K, dated and filed with the U.S. Securities and Exchange Commission (SEC) on March 25, 2022 , including those under “Risk Factors” therein, and in TMC’s other future filings with the SEC. TMC cautions that the foregoing list of factors is not exclusive. TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TMC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except as required by law.

Yachting: 26th Captains’ Forum, The Industry Seen From Outer Space

A change of perspective on the yachting industry to link deep ocean and outer space

Yachting: 26th Captains’ Forum, The Industry Seen From Outer Space

Special guest was Scott E. Parazynski, former NASA astronaut who drew similarities between the two worlds.

MONACO, Sept. 30, 2022 (GLOBE NEWSWIRE) — Under the aegis of the collective Monaco Capital of Advanced Yachting brand and following the 2nd Monaco Smart and Sustainable Marina Rendezvous, Yacht Club de Monaco continues to give voice to luxury yachting players. The day after the traditional Owners Lunch, attended by 90 guests, it was the turn of superyacht captains attending the 26th Captains’ Forum, organised by the Captains’ Club, bringing together 150 captains holding a 3000 certificate, working on superyachts flying the YCM flag. Special guest was Scott E. Parazynski, former NASA astronaut who drew similarities between the two worlds.

“Monaco is the capital of yachting, just like Houston is for space missions,” said Parazynski. “There’s so many corollaries between deep sea yachting and space flight, it’s a very committing environment to be offshore with just the resources that you and your team have. Going to space requires a certain type of preparation. There has to be a balance. You have to be very calm while being extremely focused. It is the same for the captains when they go to sea. I feel some sort of kinship with them because they address many of the same type of problems we face in space,” he explained.

A more virtuous future and a more sustainable industry were some of the key topics being discussed. The only way to successfully go in one direction is to facilitate exchanges between clients, owners, shipyards, architects and designers so they work together on new innovative ideas. “The more people can understand our oceans, the more people we get to experience the oceans and understand the fragility of the ecosystem, the better the planet will be. So by getting young people involved, showing them the beauty, the majesty and the fragility of our planet through yachting, it’s something we need to endorse,” underlined Parazynski .

The change comes through the human factor and younger people. “The yachting industry,” said Craig Coker, captain on M/Y Skyfall (58m), “used to be a job for a lot of people but it’s now a career and we have to bring younger people up and show them what it can potentially be. People now are looking for somewhere to belong, somewhere where they can move up, somewhere where they can develop themselves as a career.” As many leave the industry without having persevered, “you have to give them the opportunity to grow,” Coker pointed out. All the captains agreed new generations need a goal, not just a process to follow: “We mustn’t forget that we are also training tomorrow’s managers,” concluded Dan Smith, M/Y Savannah (84m).

Over a hundred of these attended the event, organised in partnership with Jutheau Husson and Oceanco. MB92 Group wanted to join the latter two in the Captains’ Club, keen to strengthen its collaboration with YCM and its emphasis on networking as a link with these professionals who have a pivotal role to play in the yachting chain. This Captains’ Forum raised the debate bar high in thinking way outside the box.

For more information:

LaPresse SpA Communication and Press Office Director
Barbara Sanicola barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c45cd73-2364-4b3e-be5a-9c36bea916d7

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Philips shareholders appoint Roy Jakobs as next President and Chief Executive Officer

September 30, 2022

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Extraordinary General Meeting of Shareholders (EGM) appointed Roy Jakobs as the company’s next President and Chief Executive Officer, effective October 15, 2022, succeeding current President and Chief Executive Officer Frans van Houten.

“I am very pleased that Roy Jakobs has been appointed today as the next CEO of Philips,” said Feike Sijbesma, Chairman of the Supervisory Board of Royal Philips. “On behalf of the entire Supervisory Board, I would like to thank Frans for successfully leading Philips’ transformation into a focused, global solutions leader in health technology. We are convinced that Roy is the right successor to lead Philips’ efforts to help improve the health and well-being of people globally, and further shape the company for increased value creation for shareholders and all other stakeholders.”

“I have enjoyed and feel deeply privileged for having been given the opportunity to shape Philips onto a path of future relevance as we embraced health and healthcare innovation as our company focus,” said Frans van Houten, CEO of Royal Philips. “Much has been achieved in the past 12 years and I want to thank the many passionate, talented colleagues who have made this possible. Nevertheless,  much remains to be done, and this will now be the task of the Executive Committee under the leadership of my successor. I wish Roy and the team much success.”

“I am honored to be appointed as the next CEO of Philips, and together with our Philips colleagues continue to help improve people’s health and well-being with meaningful innovations,“ said Roy Jakobs, incoming CEO of Royal Philips. “Philips is a unique company with a strong brand, more than 130 years of innovation power and a bright future as a leader in health technology solutions. I look forward to leading the company in a transparent way, empowering our people as we address the current challenges, while also shaping the next chapter of Philips.”

Additional information on the composition of Philips’ Board of Management and the Executive Committee can be found here.

For more information about the EGM, please click on this link.

For further information, please contact:

Elco van Groningen
Philips Global Press Office
Tel.: +31 6 8103 9584
E-mail: elco.van.groningen@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 79,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

Lao PDR, Philippines, Thailand, Viet Nam – Tropical Cyclone Noru, Situation Update, Friday, 30 September 2022, 1700 HRS (UTC+7)

  1. Meteorological History (Philippines): From 22-24 September 2022, Tropical Cyclone (TC) NORU (local name: Karding) developed from a Low-Pressure area into a Tropical Storm (TS) over the Philippine Sea while moving towards Central Luzon.

 

On 24 September, TC NORU intensified into a Severe tropical Storm (STS). By 1900 UTC+7, NORU rapidly intensified into a Typhoon (TY) with maximum sustained winds of 120 km/h near the centre (equivalent to a Category 1 Hurricane in the SaffirSimpson Hurricane Wind Scale (SSHWS)). In the early morning of 25 September,

NORU underwent a series of rapid intensifications and a period of explosive intensification and reached Super Typhoon (STY) Category by 0700 UTC+7. On 25 September, 1630 UTC+7, TC NORU made its initial landfall in the vicinity of Burdeos, Quezon and again at 1920 UTC+7 in Dingalan, Aurora as a TY-category cyclone. On 26 September, TC NORU left the Philippine Area of Responsibility at 1900 HRS UTC+7 according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA).

 

  1. Meteorological History (Viet Nam): From 26-28 September 2022, TC NORU made its way from the Philippine Area of Responsibility across the West Philippine SeaSouth China Sea-Viet Nam’s East Sea going through a series of intensification and maintenance of strength towards the Thua Thien Hue-Quang Ngai area of the SouthCentral Coast region of Viet Nam. On the morning of 28 September, according to Viet Nam’s National Center for Hydrometeorological Forecasting, TC NORU (Storm No. 4) made landfall with winds of 117 km/h in the province of Quang Nam. As of the advisory on 1300 UTC+7, 28 September from the National Centre for Hydrometeorological Forecasting (NCHMF), moved further inland of Mainland Southeast Asia.

 

  1. Meteorological History (Lao PDR): On the afternoon of 28 September 2022, Lao PDR’s weather bureau reported that TC NORU has made landfall in Lao PDR as a Tropical Storm (TS)-category TC.

 

  1. Meteorological History (Thailand): On the evening of 28 September 2022, TS NORU made its way to the eastern regions of Thailand and was located over Kham Khoen Kaeo district at 0400 UTC+7, 29 September and has already weakened intro a Tropical Depression (TD) and was predicted by the Thai Meteorological Department to further weaken into a low pressure cell the same day.

 

  1. Preparedness and Response (Philippines): As of 0700 UTC+7, 592.1K USD worth of assistance has been provided to the victims and 133 SAR teams have been deployed. At 1500 UTC+7 on 29 September 2022, Undersecretary Raymundo Ferrer (Executive Director of NDRRMC and Civil Defense Administrator) sent a letter to the AHA Centre acknowledging the offer of assistance and appreciation of usual support.

 

  1. Preparedness and Response (Viet Nam): The Prime Minister established a Steering Committee that shall direct the response. Dispatches have been issued to the localities as well as the authorities and emergency meetings were conducted. The Viet Nam Disaster Management Authority (VNDMA) also held the Disaster Risk Reduction Partnership (DRRP) meeting to discuss and update on the response to TC NORU (Viet Nam local name: Storm No. 4). Widespread evacuations (108,441 households or 340,863 people), aquatic vessel safe anchorage, thousands of hectares of aquaculture bracing, mobilisation of 40,000 soldiers and 200,000 militia in anticipation of the impacts of TC NORU (Storm No. 4). On 1100 UTC+7 of 30 September, Director DOAN THI THUYET NGA of the Department of Science,

Technology and International Cooperation and Head of the DRRP Office of VNDMA sent a letter of gratitude to the AHA Centre. The letter also officially suggested the cancellation of activation of the AHA Centre’s humanitarian assistance to Viet Nam.

 

  1. Preparedness and Response (Thailand): as of 0500 UTC+7, 30 September 2022, the King has ordered Admiral Pongthep Nuthep, to provide relief items to the people affected by the flood (1,388 sets).

 

  1. Preparedness and Response (AHA Centre): On 1630 UTC+7, 27 September, the AHA Centre deliberated on its course of action for the assistance to be provided and shall complement on-going efforts in the potentially affected areas in Viet Nam in accordance as well with the directives from VNDMA detailed in the DRRP meeting.

The In-Country Liaison Team (ICLT), ERAT, and DELSA have stood down in consideration of the statements from NDRRMC (Philippines) and VNDMA (Viet Nam).

 

Source: ASEAN Coordinating Centre for Humanitarian Assistance

Thai Court Gives Prime Minister Three More Years in Office

BANGKOK — Thailand’s top court ruled Friday that Prime Minister Prayut Chan-ocha can keep his job at least until next year’s elections, settling a legal dispute that echoes the country’s deep political fault lines and dashing the opposition’s latest bid to remove the 2014 coup leader from office.

 

The military-drafted constitution of 2017 caps a prime minister’s time in the job at eight years.

 

In a 6-3 decision, the Constitutional Court said the clock on Prayut’s time in office started ticking Aug. 6, 2017, the day the charter took effect. The court had suspended him from the job when it took up the case last month.

 

Friday’s ruling both reinstates Prayut and clears the way for the ex-general to run for reelection in polls set for May and, should he win, to serve until 2025. He won a disputed vote for prime minister in parliament in 2019 thanks to the votes of senators appointed by his own junta.

 

“The tenure of the accused [Prayut] from April 6, 2017, to August 24, 2022, has not reached its limit and the court rules by a majority vote that his premiership has not ended in accordance with the 2017 constitution,” the court said Friday.

August 24, 2022, was the day the opposition parties that filed the court case say Prayut’s term should have ended. That’s exactly eight years after he was officially endorsed by then-King Bhumibol Adulyadej as prime minister of the military leadership that toppled an elected government months earlier. The parties argued that his years at the helm of the junta should count toward the eight-year cap.

 

Legal experts in the opposition’s corner also pointed to a clause in the constitution that says the cabinet in place just before the charter takes effect — the prime minister included — will remain the cabinet just after it takes effect and until the next election, implying continuity.

 

Prayut’s boosters disagreed. They argued that the years before the constitution took effect could not count toward the eight years and that his official time in office started either in 2017 with the new constitution or in 2019, after the elections.

 

In a Facebook post just after the ruling, Prayut thanked his supporters and said he would focus his efforts on developing the country.

 

Prayut’s legal adviser, Wira Rojanawas, said his client would return to his full duties as prime minister Monday and urged his critics to respect the court’s verdict, according to local media.

 

Spokespersons for the government did not immediately answer VOA’s calls or answer requests for comment.

 

‘Disappointed but not surprised’

 

Pita Limjaroenrat, the leader of Move Forward, one of the parties that filed the case, told VOA he was “disappointed but not surprised” by the court’s decision. He counts three prior occasions in which the court, most of whose members were appointed since the coup, has saved Prayut from having to step down.

In 2019 it rejected a case claiming Prayut was a state official while heading the junta, which would have disqualified him from running for prime minister earlier that year. It also upheld his right to live in army housing even after leaving the military and bowed out of deciding whether he was a legitimate prime minister despite failing to recite the full oath of office after the 2019 elections.

 

Prayut’s critics accuse him of toppling a legitimate government in 2014 and ruling with an iron fist even after the 2019 polls.

 

In the wake of that election, several pro-democracy activists were beaten in public by masked men in a spate of attacks that have yet to be solved. Academics, advocates and activists especially critical of the government have reportedly had their phones hacked with sophisticated Israeli spyware — only other governments are believed to possess— though the Thai government has denied any involvement.

 

Through much of 2020, mass protests rocked the capital, Bangkok, with calls for Prayut to resign and for reform of the monarchy, which critics accuse of helping to prop up his military and civilian governments. Police repeatedly used rubber bullets, water cannons and pepper spray to push back protesters. Hundreds have been arrested and charged with crimes. Authorities said they were using proportionate force to maintain order.

But Pita said the court’s decision Friday portends more of the same.

 

“If nothing is done … it’s total chaos in terms of abuse of power, in terms of rule of law, as well as economic conditions here in Thailand,” he said. “It means that a majority of politicians are too concentrated or focused on remaining in power.”

 

Focus on upcoming elections

 

Analysts say anti-government protests, which died down as the COVID-19 pandemic dragged on, may pick up again, but only slightly, and won’t reach the pitch of 2020.

 

Titipol Phakdeewanich, dean of the political science faculty at Thailand’s Ubon Ratchathani University, said opposition parties will not want to encourage the protests either, for fear of triggering another coup.

 

“The opposition, like Pheu Thai and Move Forward, they are also focusing on elections, so I don’t think they would want to put too much energy [into] mobilizing a large-scale protest … because it could also set a pretext for military intervention like what we have seen in the past,” he said.

 

But Khemthong Tonsakulrungruang, a lecturer and constitutional law expert at Thailand’s Chulalongkorn University, said opposition parties could still use the court’s decisions from Friday and earlier to build support.

 

“The opposition parties [are] going to capitalize on all these decisions and ask the people to vote Prayut out,” he said.

 

That assumes Prayut will run, as some analysts expect him to. While his party, Palang Pracharath, has not yet named its candidate for prime minister, Prayut himself has hinted at making another run.

 

It won’t help his case that he will be able to serve only half the four-year term, Khemthong said. Then again, he added, the same junta-appointed Senate that helped vote Prayut into office in 2019 could help either keep him there or vote in someone else of the military’s liking in 2023.

 

“So, a change in [the] government is not like a shift or a change in the regime,” he said.

 

Source: Voice of America

Deputy Permanent Secretary of Labour Joins Committee Meeting to Prepare Details of the Specific Characteristics of the Street Food Entrepreneur Career Development Project No. 2/2022

On September 29, 2022, at 09.00 hours, the Deputy Permanent Secretary of Labour, Ms. Bubpha Rueangsud, presided over the committee meeting to prepare details of the specific characteristics of the street food entrepreneur career development project no. 2/2022. The meeting considered the names of advisors and those invited to submit proposals and a letter inviting advisors to submit an offer. It also set a date for receiving envelopes and the day for considering and selecting proposals. The meeting took place at the Saengsingkaew Conference Room, 5th Floor, Ministry of Labour.

 

Source: Ministry of Labour

Deputy Permanent Secretary of Labour Joins Meeting with the Committee to Prepare Details of the Specific Characteristics of the Street Food Entrepreneur Career Development Project

On September 28, 2022, at 13.30 hours, the Deputy Permanent Secretary of Labour, Ms. Bubpha Rueangsud, presided over the committee meeting to prepare details of the specific characteristics of the street food entrepreneur career development project. The meeting considered drafting the scope of the consulting work and criteria for consideration of proposal selection. The meeting took place at the Sangsingkaew meeting room, 5th floor, Ministry of Labour.

 

Source: Ministry of Labour

Labour Minister Strengthens Ties with the Japanese Minister of Health, Labour, and Welfare and Discuss Workforce Expansion

On September 29, 2022, the Labour Minister Mr. Suchart Chomklin, Ambassador of Thailand to Tokyo, Mr. Singthong Lapseedphan, Assistant to the Labour Minister Mr. Surachai Chaitrakulthong, the Permanent Secretary of Labour, Mr. Boonchob Suttamanaswong, Minister Counselor (on Labour), Ms. Sadudee Kittisuwan, and delegation, met with the Japanese Minister of Health, Labour and Welfare, Mr. Kato Katsunobu, to congratulate him on the occasion of taking a new position. They also thanked the Japanese Minister of Health, Labour, and Welfare, for supporting the Ministry of Labour in various areas. Both parties welcomed support for jointly related missions. The occasion took place at the lounge at the Japanese Ministry of Health, Labour and Welfare.

Mr. Suchart said that the Ministry of Labour thanked the Japanese government for taking good care of Thai workers, especially during the COVID-19 situation. The Ministry of Labour has a labour office in Japan located in Tokyo. It expands the labour market and protects Thai workers in Japan, including coordination with the Japanese Ministry of Health, Labour, and Welfare. Today was an opportunity to pay a courtesy call and to discuss official matters on Labour. He said that the Ministry of Labour thanked the Japanese Ministry of Health, Labour, and Welfare for implementing the labour agreement, including the Memorandum of Understanding on the Technical Training Program in Japan and a Memorandum of Understanding on basic information for systematization and residency of specifically skilled workers. He thanked them for their cooperation in human resource development, to jointly develop Thai labour skills and expand the Thai labour market in Japan. The Japanese Ministry of Health, Labour, and Welfare welcomed the Thai Ministry of Labour to encourage Thai people to travel to do internships and work in specific jobs requiring specific skills, especially in elderly care. The Department of Skill Development is ready to organize training courses in fields that Japan needs.

Currently, the government has an important policy to encourage Thai workers to have more opportunities to work abroad. As for Japan, in 2021, 3,867 Thai workers reported their intention to work in Japan, ranked the fourth highest after Israel, South Korea, and Taiwan. The data shows that Japan is an important market where Thai workers desire to work. The Ministry of Labor is ready to expand the Thai labor market in Japan and drive the development of Thai workers’ skills to have the qualifications in both occupational skills and language, as specified by Japan.

Mr. Suchart continued that the Ministry of Labour received good cooperation from the Labour Standards Bureau, an agency under the Japanese Ministry of Health, Labour and Welfare. The agency protects Thai workers in Japan in the matter of consulting, assisting, and visiting technical interns and Thai workers. In addition, the Ministry of Labour has received cooperation in sharing information to prepare social security agreements, which are in the discussion process. Once complete, this will benefit insured persons as well.

The Japanese Minister of Health, Labour, and Welfare, Mr. Kato Katsunobu, said that on behalf of the Japanese government, he thanked the Thai Labour Minister and delegation for visiting today to pay tribute to strengthen labour cooperation between the two parties. He said that Thai workers play an important role in driving Japan’s economy and society, as many Thai people practice technical work and many Thai workers travel to work in Japan. As for the issues of discussion today, they would continue to work closely together.

 

Source: Ministry of Labour