Technology

SCO strengthening youth development for better future

Published

2 years ago

June 24, 2024

BEIJING, June 24, 2024 /PRNewswire/ — A report from People’s Daily: The Shanghai Cooperation Organization (SCO) carries forward the spirit of good-neighborliness, and advances equality, mutual learning, dialogue and inclusiveness between civilizations.

It calls for peaceful coexistence and harmonious development of different civilizations, and expands people-to-people and cultural cooperation. It has enhanced the popular support for state-to-state relations.

In recent years, the SCO has built sound platforms for youth exchanges to deepen mutual understanding among the younger generation and bring them closer together. The development of the SCO is highlighted by the constantly strengthened friendly exchanges among the youth of SCO member states.

Ilya Kryzhevich, a journalist with Belarus Today, has been reporting on the Chinese economy for nine years. He told People’s Daily that he goes to the Great Stone China-Belarus Industrial Park, a landmark Belt and Road cooperation project, for interviews almost every month.

“Drastic changes are taking place there. We sometimes joke that you’ll never enter the same China-Belarus Industrial Park twice,” Ilya Kryzhevich said.

He noted that young people in Belarus have benefited very much from the Belt and Road Initiative (BRI). “Many innovative enterprises in the medical industry from China have entered the Belarusian market, providing immense job opportunities for young Belarusians. Besides, many young people in Belarus have established innovative sci-tech firms in the industrial park,” he added.

Connectivity is key to Belt and Road cooperation. Islom Okhunov, head of the Division for the Development of International Cooperation and Ratings of the Ministry of Youth Policy and Sports of Uzbekistan, said that the construction of the highway network among Central Asian countries has made constant progress thanks to the development of the Silk Road Economic Belt, turning Uzbekistan from a landlocked country to a land-linked one.

“This has connected my hometown to the sea and ports. I’m looking forward to the early operation of the China–Kyrgyzstan–Uzbekistan railway,” he told People’s Daily.

From the release of the Declaration of the SCO Youth Council to the establishment of an SCO exchange base for young entrepreneurs, and from hosting the SCO Youth Campus to the solid progress made by the China-Russia Youth Entrepreneurship Incubator, the SCO is advancing youth development in an orderly manner.

Last year, an SCO forum on youth development was hosted at the Qingdao SCODA Pearl International Expo Center in the China-SCO Local Economic and Trade Cooperation Demonstration Area (SCODA), east China’s Shandong province, where youth representatives from SCO member states shared the experience and cases of youth development in their respective countries, renewing friendship and seeking for a better future through a collision of ideas.

Nikolai Zhdanov, a youth representative from Russia, has been involved in the youth work of the SCO since 2020. He believes that youth development has become an increasingly important topic for SCO member states.

“Youth exchanges are vital for maintaining good-neighborliness and friendly cooperation among SCO member states. During this event, I had the opportunity to communicate with young people from countries such as Belarus, Kazakhstan, Tajikistan, and Uzbekistan, and we agreed to launch many bilateral and multilateral youth exchange programs,” Zhdanov said.

“This is Geely, and that is BYD.” On a street in Qingdao, Taalaybek Dayirbekov, chairman of the Youth Public Council of Kyrgyzstan, effortlessly named the Chinese car brands as new energy vehicles (NEVs) passed by.

“In Bishkek, an increasing number of Chinese NEVs are running on the streets, which help alleviate air pollution and improve the urban environment. The BRI not only brings economic benefits but also improves the life quality for the people in partner countries,” Dayirbekov noted.

Jehangir Mushtaq, assistant director at the Prime Minister’s Office of Pakistan, hopes that the youth exchanges and cooperation among SCO member states can enable young people to better participate in public policymaking, access quality and equitable education, and enhance digital skills.

“With over 800 million young people living in SCO member states, pursuing better youth development is crucial for the future of the organization,” Mushtaq said.

Shapkat Wushur, secretary of the Secretariat of the Communist Youth League of China (CYLC) Central Committee and vice president of the All-China Youth Federation said that the development of the SCO fully demonstrates the guiding role of the “Shanghai Spirit” and the cohesion of true multilateralism.

In response to development challenges, the world is expecting young people to take on responsibilities, thus making youth development more important, he added.

He called on countries to further build consensus, strengthen cooperation, innovate youth development concepts, working methods, and cooperation mechanisms, and jointly lead the international agenda for youth development, so as to foster new growth drivers for global development.

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SOURCE People’s Daily

Technology

Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

Published

27 minutes ago

May 5, 2026

OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites.

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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Technology

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

Published

27 minutes ago

May 5, 2026

LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

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SOURCE LONGPORT Whale

Technology

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Published

27 minutes ago

May 5, 2026

Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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