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 - titleSingapore's National University Hospital unveils trauma care center
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 - descriptionNational University Hospital (NUH), the main teaching hospital of the country's top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.
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 - contentNational University Hospital (NUH), the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" /> <figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption> </figure> According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries. “The National University Centre for Trauma represents decades of efforts in refining our trauma care expertise for our injured patients to return to their lives and achieve their dreams. It also aims to prevent trauma from occurring in the first place with data-driven injury prevention efforts,” said National University Centre for Trauma Director Raj Menon. In line with this, the hospital has rolled out a multi-disciplinary clinic that provides services for recovering trauma patients and conducts meetings to enhance care, rehabilitation, and psychosocial recovery pathways. Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.
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 - section_summaryNational University Hospital (NUH), the main teaching hospital of the country's top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.
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 - titleDigital Assets 101: An introduction for the cautious digital investor
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 - descriptionHow would you like to lower your risk when investing in digital assets? But how safe are they? Are NFTs the only options? Do central banks vouch for them? It's always helpful to do some research before making your hard-earned money work for you.
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 - contentHow would you like to lower your risk when investing in digital assets? <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-10-SG-Alta-Group.jpg" alt="" /> <figcaption class="image-caption">Alta Group Co-Founder and Chief Commercial Officer Benjamin Twoon (Photo source: Alta Exchange)</figcaption> </figure> The Internet has democratized knowledge and many processes. Until a few decades ago, only a select few had access to resources about investing. Today, anyone signed up to a banking or telecommunications platform receives marketing campaigns for investing online. But how safe it is? Are NFTs the only options? Do central banks vouch for them? It’s always helpful to do some research before making your hard-earned money work for you. Let’s begin with some basic definitions. Digital assets originally applied to media formats stored in a digital environment like documents, pictures and videos. Now, Nasdaq stock market explains that with the emergence of blockchain technology, the term “digital assets” has expanded to include asset-backed tokens, tokenized real estate, cryptocurrencies, and non-fungible tokens (NFT). Tangible assets, like commodities and real estate, are now being tokenized and have created new opportunities for the digital marketplace. How many people are investing in digital assets? As of 2023, the average daily number of digital asset investors and traders was at 5.9 million. The global value of digital assets is at $1.5 trillion with an expected 33% year-over-year growth rate. Suffice to say, the rapid growth of digital assets has the potential to substantially impact the investment landscape. Why are digital assets becoming more popular among investors? According to a survey of 774 institutional investors in the United States and Europe conducted by U.S.-based fintech company Kubera, nearly 80% of respondents said they found digital assets “appealing” for various reasons. The top three reasons were as follows: They lacked correlation with other assets” (36%). They were interesting and innovative (34%). They had a high-potential upside (33%). To find out more, GMI POST spoke with Alta Group Co-Founder and Chief Commercial Officer Benjamin Twoon, who believed there was an upward trend when it came to the popularity of investing in digital and alternative assets. Alta, formerly known as Fundnel, is Southeast Asia’s largest digital marketplace for alternative investments and was recently recognized as a Technology Pioneer by the World Economic Forum. Asked about the safety of investing in digital products, Twoon said, “Alta Exchange is accredited by the Monetary Authority of Singapore (MAS). We deal in security tokens that are regulated by the central bank. It’s credible and secure.” For more information about digital and alternative assets, visit <a href="https://alta.exchange/alta-exchange" target="_blank" rel="noopener">Alta Exchange</a> and start your way to investing in secure digital assets.
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 - descriptionWhat if businesses could protect themselves from floods and soil erosion? For many business owners in Singapore and other regions prone to natural disasters, intense rainfall and landslides pose real dangers that can cause devastating property damage.
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 - contentWhat if businesses could protect themselves from floods and soil erosion? For many business owners in Singapore and other regions prone to natural disasters, intense rainfall and landslides pose real dangers that can cause devastating property damage. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-9-SG-Hocklim.jpg" alt="" /> <figcaption class="image-caption">Hocklim Engineering CEO Yuan Shen Chua receives an award for being part of the pilot batch of enterprises that participated in Enterprise Singapore's Cool Ideas Enterprise. (Photo source: Hocklim Engineering)</figcaption> </figure> GMI POST met with Hocklim Engineering, winner of the Singapore International Chamber of Commerce’s Most Sustainable Award in 2021, to ask about the Geobarrier System (GBS), its latest innovation that prevents future slope failure and enhances livability through increased greenery. GBS, jointly developed by the Housing Development Board (HDB) and Nanyang Technical University (NTU), is a climate-resilient solution that maintains slope strength during heavy rainfall. The difference in permeability in the distinct layers of the GBS allows rainwater infiltration to be directed away from the slope, preventing oversaturation of the ground. “The science behind the GBS is quite special because it is designed to prevent rainwater from reaching the slope. It is separated in layers and the air within the particles is used to repel the water,” explained Hocklim Engineering CEO Yuan Shen Chua. Established in 1988, Hocklim Engineering grew from a small company into a household name in Singapore. According to Chua, the company not only provides civil and geotechnical expertise, but also develops innovative construction solutions, such as automated flood barriers and controlled flood gates with detention drain systems. For more information on the GBS and Hocklim Engineering, visit <a href="http://www.hocklim.com" target="_blank" rel="noopener">www.hocklim.com</a>.
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 - titleNUS, FedEx forge partnership to advance AI and data science education
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 - descriptionThe National University of Singapore's Institute of Systems Science (NUS-ISS) and FedEx Institute of Technology (FIT) at the University of Memphis have announced a collaboration to enhance AI and data science education.
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 - contentThe National University of Singapore’s Institute of Systems Science (NUS-ISS) and FedEx Institute of Technology (FIT) at the University of Memphis have announced a collaboration to enhance AI and data science education. The partnership will capitalize on the strengths and expertise of both institutions to deliver cutting-edge training and innovative learning experiences. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-9-SG-NUS.jpg" alt="" /> <figcaption class="image-caption">NUS-ISS CEO Khoong Chan Meng (Photo source: NUS-ISS)</figcaption> </figure> Under this strategic agreement, NUS-ISS will offer its AI and data science courses through FIT to empower professionals and students in and outside of Memphis by sharing essential digital skills. Starting September 2024, adult learners and students of FIT can take up NUS-ISS’ Executive Education courses in Data Driven Decision Making, Data Storytelling, and Machine Reasoning (AI). From October 2024, it will add two other courses: Managing Business Analytics Projects and Problem-Solving Using Pattern Recognition. “This strategic partnership with The FedEx Institute of Technology at the University of Memphis marks a significant step towards advancing global education in data science, machine learning, and artificial intelligence. It also represents a unique opportunity to merge our training expertise with FIT’s innovative spirit,” said NUS-ISS CEO Khoong Chan Meng. “At NUS-ISS, we are committed to providing high-quality training that empowers professionals to thrive in today's dynamic technological landscape. Together, we will cultivate a skilled workforce capable of harnessing the power of digital to address complex challenges and drive innovation across industries,” he added. Meanwhile, Prof. Jasbir Dhaliwal, Executive Vice President for Research & Innovation at the University of Memphis and Executive Director of the FedEx Institute of Technology, said, “In an increasingly interconnected world, global partnerships are central to servicing the technology skills needs of global corporations.” “This significant partnership in artificial intelligence with the top university in Asia builds on the recent announcement that Elon Musk’s xAI is building the world’s largest supercomputer (its gigafactory of computing) in Memphis. It helps us position our region as the AI capital of Tennessee and the Southeast serving global markets and clients,” Dhaliwal added. NUS-ISS is known for its comprehensive portfolio of programs in critical industry disciplines, such as data science, artificial intelligence, software development, cybersecurity, and digital strategy. Course participants will benefit from NUS-ISS’ unique learning pathways, which combine rigorous academic knowledge with practical industry insights. The courses will be conducted both online and in-person, ensuring accessibility and flexibility for all learners. FIT will oversee the organization and marketing of the courses, ensuring they reach the right audience and maximize impact. The multi-year partnership is a testament to the power of global collaboration in driving educational excellence and innovation and designed to be dynamic and responsive to the evolving needs of the digital landscape. Both FIT and NUS-ISS are committed to continuously reviewing and enhancing the course offerings, ensuring they remain at the forefront of technological advancement.
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 - titleEve Felder: Balancing tastes and business
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 - descriptionWhat has it been like for America's top culinary school to operate in Singapore, now one of the world's leading food destinations? In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America's (CIA) faculty in Singapore for more than 14 years.
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 - contentWhat has it been like for America’s top culinary school to operate in Singapore, now one of the world's leading food destinations? <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-8-SG-CIA-Singapore-Eve-Felder-Managing-Director.jpg" alt="" /> <figcaption class="image-caption">Culinary Institute of America in Singapore Managing Director Eve Felder (Photo source: CIA Singapore)</figcaption> </figure> In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America’s (CIA) faculty in Singapore for more than 14 years. “I always love to say that Singapore is run like a company, said Felder, who applauds the government’s commitment to be forward-looking. It was in 2010 when the city-state revealed its plans to become the top tourist destination in Asia and the world with the building of Marina Bay Sands and Resorts World Sentosa. It was around the same time the CIA set up its faculty in Singapore. As head of the Singapore faculty, Felder is committed to making the dreams of her students a reality by exposing them to world-renowned chefs and nurturing in them a healthy relationship with food, while respecting their culinary heritage. “These young people love Asian food and work in concepts that honor their heritage,” she said. Because land-scarce Singapore imports 90% of its food, CIA understands the huge challenge of imparting the need to create nutritious and top-quality dishes. To her delight, the government and large food brands agree that chefs can play an important role in forming policies on food safety and production. Through its partnership with Temasek Polytechnic and Singapore Institute of Technology, CIA, under Felder, will produce the next generation of leaders in Singapore’s food industry and culinary scene.
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 - contentDuring the 2nd China-Singapore Green Finance Taskforce meeting last month, the Monetary Authority of Singapore (MAS) and People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between their two countries. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-7-SG-Monetary-Authority-Gillian-Tan-Chief-Sustainability-Officer.jpg" alt="" /> <figcaption class="image-caption">Monetary Authority of Singapore Chief Sustainability Office Gillian Tan</figcaption> </figure> The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonization rating platform. The two sides also discussed emerging areas of interest, including nature and biodiversity, ESG data model interoperability, and the use of AI and advanced data analytics to facilitate the collection, access and optimization of high-quality ESG data to drive green efforts. According to a statement to local media, MAS Chief Sustainability Office Gillian Tan, who co-chairs the task force with China Green Finance Committee Chair Dr. Jun Ma, said: “The GFTF is a key platform for China and Singapore to jointly develop concrete and meaningful initiatives to advance green finance cooperation.” “The wide range of deliverables announced today is a testament to the strong collaboration between MAS, PBC, and industry partners from both countries and our shared ambition to mobilize the financing required for an effective transition to net zero in the region,” Tan added.
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 - section_summaryDuring the 2nd China-Singapore Green Finance Taskforce meeting last month, the Monetary Authority of Singapore (MAS) and People's Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between their two countries.
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 - titleBreeding unicorns: A look into Singapore's thriving startup scene
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 - descriptionDubbed the "Silicon Valley of Asia", Singapore has developed a startup ecosystem that has outshined its Southeast Asian neighbors, closing last year with a total deal volume of $6.1 billion. Of the world's top 100 tech firms, 80 have selected the Lion City as their home.
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 - contentDubbed the “Silicon Valley of Asia”, Singapore has developed a startup ecosystem that has outshined its Southeast Asian neighbors, closing last year with a total deal volume of $6.1 billion. Of the world’s top 100 tech firms, 80 have selected the Lion City as their home. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-6-SG-Unicorns.jpg" alt="" /> <figcaption class="image-caption">Singapore proves to be an attractive hub for high-quality startups.</figcaption> </figure> Singapore’s startup success is built on the government’s robust support and its global reputation for efficient governance, strict rule of law, highly-skilled labor, and top-quality educational system. According to the Economic Development Board of Singapore, the city-state’s startup ecosystem ranked 17th globally and 5th in Asia in terms of value, growing to an impressive $22.5 billion as compared to the global average of $13.68 billion. Development Asia, a platform run by the Asian Development Bank, identified the following elements behind Singapore’s vibrant entrepreneurial ecosystem: (1) startup financing, (2) sound regulatory and legal environment, (3) low corporate tax rates, (4) mentorship and network opportunities, and (5) innovative public policy. Singapore’s effective private and public sector framework has supported not only venture capitalists and tech startups, but also its manufacturing industry. Among those who have benefitted from Singapore’s innovation-driven development are SP Manufacturing and CAM Resources, which have developed state-of-the-art equipment and solutions to meet the demands of startups.
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 - section_summaryDubbed the "Silicon Valley of Asia", Singapore has developed a startup ecosystem that has outshined its Southeast Asian neighbors, closing last year with a total deal volume of $6.1 billion. Of the world's top 100 tech firms, 80 have selected the Lion City as their home.
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 - descriptionArtificial intelligence has never been cooler. Forbes Business Council has reported that more than 250 million companies worldwide have adopted AI to improve their operations. As more companies and countries embrace AI and explore how best it will benefit them, one nation recognized its advantages eight years ago. We're talking about Singapore.
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 - contentArtificial intelligence has never been cooler. Forbes Business Council has reported that more than 250 million companies worldwide have adopted AI to improve their operations. As more companies and countries embrace AI and explore how best it will benefit them, one nation recognized its advantages eight years ago. We’re talking about Singapore. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-4-SG-Digital-Cloud.jpg" alt="" /> <figcaption class="image-caption">Singapore leads the world in the development and adoption of AI (Source: Canva)</figcaption> </figure> Before ChatGPT and generative AI gained global traction over the last few years, Singapore had seen that AI technology could revolutionize its important sectors, such as education, healthcare, banking, and finance. According to Singapore’s Personal Data Protection Commission, the city-state was among the first countries in the APAC region to adopt AI. As early as 2016, the government was looking into how it could use chatbots in public services using Microsoft technology. Then in 2019, it published AI Verify, the first set of guidelines in Asia for ethical AI use. Fast forward to today, Singapore has distinguished itself in the global community for how it uses AI in disease diagnosis, pharmaceutical development, personalized customer support, and edge computing. The public’s familiarity with the concept of big data, coupled with innovation-driven initiatives from corporations and government institutions, has hastened the advancement of AI in Singapore and the rest of the world. According to Oxford’s Government AI Readiness Index 2023, Singapore has a readiness index of 81.97 out of 100, much higher than the regional average of 55.49. Statista projects that the AI market will account for 33.38% of Singapore’s GDP by 2030. Meanwhile, Manpower Minister Tan See Leng said Singapore was investing $1 billion over the next five years into a national AI strategy to develop the advanced tech industry and equip its citizens with the needed skills.
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 - section_summaryArtificial intelligence has never been cooler. Forbes Business Council has reported that more than 250 million companies worldwide have adopted AI to improve their operations. As more companies and countries embrace AI and explore how best it will benefit them, one nation recognized its advantages eight years ago. We're talking about Singapore.
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 - contentGlobally, education technology (Edtech) is a rapidly growing sector. According to Precision Report’s EdTech Market Research Report 2024, the global Edtech market size was valued at $115 billion in 2021 and is expected to reach $467 billion by 2027. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-2-SG-Education.jpg" alt="" /> <figcaption class="image-caption">Starting them young: Singapore's education system has gained admiration from around the world.</figcaption> </figure> Singapore has stood out as one of the most fertile grounds for the sector’s growth. The origins of Singapore’s thriving Edtech sector can be traced back to 2014, when the country’s national government enacted its Smart Nation initiative, which required schools to incorporate innovation and technology in the daily lives of Singaporean families. According to UNESCO, the challenge for schools was to create meaningful learning experiences that reflected such integration, which meant that highly qualified faculty must constantly be engaged in research and innovation. Otherwise, how can one teach about advancements while experiencing none? Since the enactment of the Smart Nation initiative, there have been more than 790 Edtech startups launched in Singapore. Today, the government continues to invest heavily in training its future labor pool. Aside from encouraging life-long learning, the city-state’s government has also rolled out other initiatives to boost the growth of Edtech in Singapore, like an ICT masterplan, infrastructure upgrades, accelerator programs, increased connectivity in schools, and access to learning resources and opportunities for collaborations for schools and startups. Those looking to start or invest in an Edtech venture will reap many benefits by betting on Singapore.
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 - section_summaryGlobally, education technology (Edtech) is a rapidly growing sector. According to Precision Report's EdTech Market Research Report 2024, the global Edtech market size was valued at $115 billion in 2021 and is expected to reach $467 billion by 2027.
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 - title3 core values that shape Singapore's strong economy
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 - descriptionIt's no accident the world's most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism.
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 - contentIt’s no accident the world’s most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-1-SG-SICC-CEO-Victor-Mills.jpg" alt="" /> <figcaption class="image-caption">Singapore International Chamber of Commerce CEO Victor Mills</figcaption> </figure> As of 2023, Singapore ranked 4th among 64 countries in the World Competitive Index, surpassed only by Denmark, Ireland, and Switzerland. In an interview with GMI POST, Singapore International Chamber of Commerce CEO Victor Mills explained that because of a scarcity of natural resources, Singapore’s private, public, and non-government sectors have had to collaborate closely to achieve its economic strength. “Industrial relations are no longer adversarial like they were in the 50’s. They’re consensual because everybody realizes that we’re all in the same boat. The answer is to work together. Similarly, there is racial and religious harmony. We’re a multiracial society,” Mills said. Harmony. Intention. Partnership. Those three words are simple enough to be appreciated by elementary school children. Yet, the same words characterize Singapore’s economic policies, world-class infrastructure, highly skilled workforce, and leadership in innovation. By adhering to those core values, Singaporeans have entered into a social contract that secures a good quality of life for its people. Among the key stakeholders, SICC contributes to the strong social and economic framework by being strategic and innovative. Mills explained that over the years, the organization has served both local and multinational corporations, positioning it as a “Singaporean chamber with a global perspective”. Currently, SICC has partnered with the Singaporean American School. The collaboration aims to benefit industries with a special focus on the education sector. 
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 - section_summaryIt's no accident the world's most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism.
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 - titleCanadian group seeks more investment opportunities in Cambodia
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 - descriptionOntario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.
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 - contentOntario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" /> <figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption> </figure> During the meeting, Manet pointed out that the Cambodia Chamber of Commerce had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries. “Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said. The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country. Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.
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 - section_summaryOntario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.
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 - contentThe COVID pandemic pushed Cambodian businesses to see digital transformation as a need rather than a luxury. SMEs, in particular, faced the biggest challenges in making the transition because of additional costs, the rapid pace of innovation, and resistance to change. They needed a guide to navigate the complexities of digital transformation. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-10-CAMB-Codingate.jpg" alt="" /> <figcaption class="image-caption">Codingate Chairman and Co-Founder Sopheakmonkol Sok (Photo source: Codingate)</figcaption> </figure> Established in 2013, Codingate became a household name in Cambodia’s IT sector, having delivered more than 500 projects and winning numerous awards in the process by providing innovative digital solutions to clients, including custom software that uses AI. Its AI-powered technology has helped SMEs streamline their operations, boost efficiency, and lower costs. “We start the digitalization process by introducing advanced technology into one aspect of the business and then gradually build a unified system that centralizes management. Our clients appreciate this approach as it allows for a smooth, gradual digital transformation,” Codingate Chairman and co-founder Sopheakmonkol Sok told GMI POST. Instead of imposing its solutions on SMEs, Condingate has helped young entrepreneurs by developing software and processes that fit into the core functions of their businesses. “Digital transformation is not just about the strength of the technology or the expertise of the service provider. It’s also about how well it supports the governance of the business. We strive to deliver transformations that will benefit our clients for decades, rooted in their governance values,” Sok stressed. Looking ahead, Codingate is committed to introducing the latest solutions that will support the growth of SMEs in the country. Codingate developed Gatemaster AI, a proprietary business advisory technology designed to help businesses analyze vast amounts of data and detect key market trends, customer behavior, and industry benchmarks, thus providing scalable and cost-effective solutions. “Gatemaster leverages the power of generative AI to craft tailored business solutions for our clients based on comprehensive market trend analysis,” Sok said. Another game-changing solution in the pipeline is Gatecommerce Digital Solution, a suite of proprietary tools and features aimed at revolutionizing SMEs’ e-commerce operations by digitalizing the entire purchasing process for end-users. “Our latest e-commerce solution is user-friendly even for companies with minimal experience. We see it as a powerful tool to further digitalize Cambodia’s economy,” Sok said.
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 - section_summaryThe COVID pandemic pushed Cambodian businesses to see digital transformation as a need rather than a luxury. SMEs, in particular, faced the biggest challenges in making the transition because of additional costs, the rapid pace of innovation, and resistance to change. They needed a guide to navigate the complexities of digital transformation.
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 - contentA key element in Cambodia’s five-pronged long-term development plan is the strengthening of the country’s digital economy by expanding connectivity, broadening digital payment systems, and facilitating last-mile logistics services, among other steps. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-6-CAMB-Startups.jpg" alt="" /> <figcaption class="image-caption">Home to around 600 tech startups, Cambodia is quickly becoming a popular destination for startup investments.</figcaption> </figure> Internet penetration among the youth, who make up most of the population, is robust at 85%, creating a wealth of opportunities for digital products and services. The present situation has given startups an advantage over traditional businesses in terms of scalability, efficiency, and quick adaptability to shifting market trends. By embracing digital transformation from the outset, new organizations can streamline workflows by automating tasks, strategizing supply chain effectively, and developing new growth models. Startups often worry about the cost of new embracing technologies. But, the beauty of digital transformation is that it doesn’t have to be expensive. Here are three ways startups in emerging markets can adapt digital transformation without breaking the bank: Innovate with your target consumer from the get-go Invite possible users of your solution to collaborate during the strategy’s conception, evaluation, and development stages. Known as “co-creation,” the process involves using customer input throughout the product development cycle. The best innovations respond to customers’ needs identified through this collaborative process. By doing this, startups avoid the temptation of creating solutions simply because they are popular. Design a scalable and adaptable business model Startups should continually evaluate if their business model is scalable and adaptable to sudden changes in the market. Workflows should be optimized for unexpected increases in demand, and reliance on manual resources should be minimized in case of supply issues. Organizations must consider their ability to respond quickly to external opportunities and threats. An integral part of digital transformation is using technology to innovate business models and be ready for any changes. Empower your team with the tech they need, not the tech you want Simply adopting the latest technology for the sake of having it is not digital transformation. Does your team need an AI-powered CRM? Will installing an automated time-tracking software help with their productivity? Startup founders need to think about the problems their teams face before introducing any new technology. Doing so will foster a culture where creativity, trust, and collaboration are welcomed. Start by assessing their challenges and pain points to identify areas for innovation.
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 - titleThe secret to winning Japanese clients: Lessons from Cambodia's top law firm
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 - contentAmid the continuing influx of foreign investment, Cambodia is undergoing a significant transition. Three years ago, the government enacted a law that laid out new regulations to attract more international investors and make the country more competitive globally. Following this, it implemented new policies to diversify its base of foreign investors. Among the leading partners that stand out is Japan. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-5-CAMB-DSM-DSM-Managing-Partner-Sovicheany-Pheng.jpg" alt="" /> <figcaption class="image-caption">Davies SM Managing Partner Sovicheany Pheng (Source: DSM)</figcaption> </figure> Celebrating the 70th anniversary of their bilateral ties, Cambodia and Japan are expanding their cooperation. Prominent companies like Toyota Tsusho Manufacturing, Aeon Mall, and Minebea are reinvesting significantly in the country. And local law firms play a crucial role in supporting these investments and helping investors navigate the complexities of the local business environment. Davies SM Attorney At Law (DSM) has stood out among the competition for providing quality legal services to multinationals, government agencies, and foreign investors. In an interview with GMI POST, Managing Partner Sovicheany Pheng outlines three ways the firm has attracted and retained Japanese clients. Be a partner for growth Pheng emphasizes the importance of being an investment ally rather than just a legal partner. DSM tailors solutions for clients based on evolving trends and risks in the dynamic business environment. Instead of adopting a one-size-fits-all approach, it understands each client's goals and customizes its services to address specific challenges. “The goal of DSM is to grow with our partners as a team. Through our quality and effective legal services, we assist all foreign investors, like the Japanese, navigate the complexities of an emerging market,” she said. Map out a detailed, compliant-oriented approach DSM guarantees that its work is comprehensive, covering everything from legal advice and feasibility studies to tax considerations at the pre-investment stage. This meticulous approach appeals to Japanese clients who prioritize thoroughness and compliance. “In our experience, the Japanese are compliant, systematic, and rule-driven. What sets us apart is our ability to present a basket of unique and innovative legal solutions that comply with national regulations at low costs,” Pheng said. Build trust through collaboration Pheng stressed that collaborating with other Japanese legal firms can help cultivate trust among potential Japanese clients. DSM’s team is made up of top lawyers adept in both national and international legal intricacies, ensuring that clients, especially foreign investors, have a holistic understanding of the local market and receive services that meet their high standards. “Our firm aims to collaborate with Japanese law firms to better serve Japanese clients who want to expand in Cambodia and appreciate local sensibilities in their solution. We want the Japanese to know they can trust us like their own” she said.
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 - contentLaunched just this February, Open AI’s Sora can produce multi-shot clips of a minute or longer using nothing more than a text prompt. This generative AI technology made headlines around the world for its ability to create commercial-quality videos in a matter of seconds. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-4-CAMB-Open-AI.jpg" alt="" /> <figcaption class="image-caption">OpenAI CEO Sam Altman introduces Sora (Source: PC Magazine UK)</figcaption> </figure> With Sora’s easy deployment, low cost, and lightweight infrastructure demands, the AI tool has become a marketing must-have for businesses everywhere, particularly in Cambodia.In an interview with Khmer Times, officers of Phnom Penh-based IT company Epenh and Cambodian Commercial Bank talked about how Cambodian businesses can use Sora to revolutionize their content and marketing strategies. Transform content creation dynamics “Expressing content in video formats will give businesses an edge in their campaigns and opens doors for diverse opportunities, from content creation to advertising to explaining product know-how to end users,” said Epenh Co-Director Nigel Miranda. According to him, Sora’s ability to create realistic and high-quality videos is a tremendous opportunity for businesses to quickly test and refine their content and ads for their respective target audiences. Target marketing on a limited budget Cambodian Commercial Bank Head of IT Kishore Kumar Muniswamy highlighted that businesses across all sectors can leverage Sora to save time and resources instead of resorting to traditional video production methods. According to OpenAI’s pricing, a one-minute 30 FPS video will cost around $216 or $ 0.12 per frame. Meanwhile, Vidico reports that on average, a one-minute video advertisement ranges from $1,000 to more than $50,000. Enhancing education delivery methods Sora’s creative capabilities offer edtech businesses and educational institutions the opportunity to develop engaging and interactive learning materials that capture learner attention. “This represents a potential way to make education more accessible and visually appealing for students,” Muniswamy said. Beyond enhancing student engagement, Sora can also raise awareness of different cultures by generating videos with text overlays in various languages. “This will revolutionize the way we perceive the world and consume video, audio, and other represented media content,” Miranda said.
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 - contentCambodia’s honey industry has experienced steady growth in recent years. In 2021, the government awarded its first geographic indication (GI) label for the wild honey harvested in Mondulkiri Province. The protected GI label, granted to local products with distinctive regional qualities, has elevated the profile of Cambodian honey on the global stage. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-3-CAMB-Honey.jpg" alt="" /> <figcaption class="image-caption">Cambodia Honey Association Executive Director Sem Sreytouch</figcaption> </figure> Although varieties like Modulkiri money have been harvested in Cambodia for centuries, efforts to streamline and formalize the industry’s value chain are relatively recent and spearheaded by the Cambodia Honey Association (CHA), the main advocacy group representing the sector’s stakeholders. In an interview with GMI POST, CHA underscored the necessary steps to invigorate the industry while providing insight into navigating business in an emerging market landscape. Collaboration over competition CHA Executive Director Sem Sreytouch emphasizes the importance of shifting industry stakeholders’ mindset from competition to collaboration. “One of our main advocacies is to enact a change in mindset among Cambodian honey growers, apiaries, and other stakeholders in the value chain. A united front is required to elevate the overall standards of the Cambodian honey industry” she said. Prioritize capacity building Peter Batt, Ph.D of Curtin University, also a fellow of the International Horticultural Congress, stressed the need for education and capacity-building at the grassroots level in emerging markets like Cambodia. “A key aspect of addressing challenges in Cambodia, particularly within the honey industry, was capacity building of smallholder farmers and empowering those farmers with basic and practical skills to help them grasp what it takes to thrive in trade,” he said. Explore untapped resources CHA also highlighted Cambodia's rich geographic diversity as a wellspring of untapped potential for future GI labels, such as honey from the lesser-known Tonle Sap Lake region. Dr. Try Yong, a beekeeping expert and an advisor to the Royal Ministry of Agriculture, underscored Cambodia’s abundance of untapped honey collection areas in the rest of the country. “Regions like Tone Sap Lake and the western coasts offer promising opportunities. Despite the vast forests from which much of our honey originates, many areas lack GI certification, signaling significant untapped potential and future business opportunities for our kingdom,” he said.
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 - section_summaryIn 2021, Cambodia's government awarded its first geographic indication (GI) label for the wild honey harvested in Mondulkiri Province. The protected GI label, granted to local products with distinctive regional qualities, has elevated the profile of Cambodian honey on the global stage.
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 - contentAs Cambodia and Japan commemorate 70 years of diplomatic relations, the two nations look forward to a new era in their partnership as they seek fresh fields of collaboration. More and more Japanese recognize Cambodia’s untapped potential and hope to play a role in the development of its population. For instance, the increased prominence of the Institute of Technology of Cambodia among the expatriate population reveals three key reasons Cambodia’s educational landscape has attracted the attention of the Japanese community. The population is young, growing and mobile CiteSeerX reports that nearly 70% of Cambodians are 29-years old and younger. “Among Cambodia’s younger generation, the literacy rate is reported to be quite high because of increasing opportunities for education. The gender gap among young adults is not so substantial, although some age group differences exist,” Japan International Cooperation Agency said in its 2023 Country Study. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-2-CAMB-Japan-Education.jpg" alt="" /> <figcaption class="image-caption">Institute of Technology of Cambodia Rector Dr. Po Kimtho (left) and Kanazawa University President Takashi Wada (right)</figcaption> </figure> “This implies that very well-targeted literacy education by age, sex, geography, time of the class, and contents of the class will likely bring about significant domestic and foreign partnerships in Cambodia’s education sector,” the study added.An example of such a partnership is that between ITC and Panasonic Cambodia. ITC is one of only two institutions in the kingdom to receive scholarships from Panasonic Cambodia, the local subsidiary of Japanese tech giant Panasonic Group. Panasonic Cambodia Country Head Yosunoby Matsumoto said the initiative will be a means to “maximize workforce potential, fostering growth, and nurturing the next generation of leaders.” According to Matsumoto, Panasonic Cambodia recognizes the talented local science and technology students and continues to invest in their capacity building to develop the next generation of technology business leaders that will allow them to participate in a global economy. It is open to international collaboration Cambodia is home to more than 128 higher education institutions, at least 45 of which (including ITC) have active international partnerships with universities and organizations abroad. ITC’s outreach activities have helped position itself as an ideal partner for Japanese ventures. Last year, the deputy director of ITC, along with six other academic delegates, visited the Tokyo Institute of Technology (Tokyo Tech), to partake in the training course “Project for Strengthening Engineering Education and Research for Industrial Development in Cambodia,” organized by JICA. Subsequently, JICA formalized an agreement with ITC to strengthen engineering education and research in industrial development in Cambodia A growing vocationally and technically proficient workforce “Strengthening technical and vocational training is pivotal to attracting Japanese investment in Cambodia,” said Labor and Vocational Training Minister Heng Sour, who urged JICA to persist in developing human resources in these domains, a statement that JICA President Sanui Kazumasa agreed with. ITC, a partner of JICA, produces approximately 3,700 undergraduate and graduate students specializing in science, technology, and engineering.
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 - contentCambodia, also known popularly as the Kingdom of Wonder, is regarded by the travel industry as among Southeast Asia’s most popular tourism destinations. With a blend of natural, cultural, and historical wonders, among them the 900-year-old Angkor Wat, a UNESCO World Heritage Site, the country offers well-preserved archeological sites, a vibrant urban scene, and relaxing tropical resorts. <figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-1-CAMB-Tourism-Minister-Sok-Soken.jpg" alt="" /> <figcaption class="image-caption">Tourism Minister Sok Soken</figcaption> </figure> The kingdom continues to attract more travelers from around the world. In 2023, Cambodia saw a 156% increase in tourism arrivals from the previous year, making it one of Asia's top most-visited countries. This growth in the country’s tourism sector is predicted to become a major pillar of Cambodia’s economic growth, The Asian Development Bank projects Cambodia's economy to grow from 5.8% in 2024 to 6.0% in 2025. Behind this success story is Cambodia’s Ministry of Tourism, which has launched promotional campaigns and innovative strategies that target international visitors. Following the successful campaigns in the previous years, the government announced its newest initiative, Visit Siem Reap 2024. Anchored around the world-famous Angkor Archaeological Park, the campaign will showcase the splendor of its home Siem Reap, and further elevate the ancient site into a must-visit destination on the global tourism map. “The Visit Siem Reap 2024 campaign, together with our other activities, will help us initiate more tourism activities with priority markets. There will be a lot of cultural activities, and interaction at the government, private, and business sector levels. With the coordination of the Ministry of Tourism, all the engagement activities will be on the horizon,” said Tourism Minister Sok Soken during the launch held at Angkor Wat. Echoing his sentiment, Prime Minister Hun Maten pledged his support for the campaign, which envisions annual events in Siem Reap province and the transformation of the local Phnom Kulen National Park into “an attractive destination for cultural, natural, adventure and religious tourism.” Thourn Sinan, chairman of the Pacific Asia Travel Association Cambodia Chapter, also outlined a strategic roadmap for the success of the Visit Siem Reap 2024 campaign, which includes developing an evocative brand identity that highlights the unique cultural experiences of Siem Reap, launching a multilingual website and social media channels, partnering with influencers in key markets, and distributing promotional materials globally through airline partnerships and travel agencies. “By comprehensively implementing these strategies across marketing, experiences, and sustainability, Siem Reap aims to become Southeast Asia’s most vibrant cultural destination, protecting heritage and inspiring visitors through authentic encounters with Khmer civilization,” he said.
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 - titleNY-based AI med tech startup raises $50 million
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 - contentK Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" /> <figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption> </figure> K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States. The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care. Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app. According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care. “K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained K Health founder and CEO Allon Bloch. “When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added. Meanwhile, Claure Group Founder and CEO Marcelo Claure said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."
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 - section_summaryK Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.
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 - titleMaestro Technologies: Companies must be adaptable and transformative
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 - contentIn today's fast-paced digital era, keeping up with trends is not a strategy but a necessity. Forbes reports that moving into the digital space and focusing on customer experience can raise customer satisfaction by 20-30% and boost revenues by 20-50%. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-10-NYNJ-Maestro-Tech.jpg" alt="" /> <figcaption class="image-caption">Kamal Bathla (right) with Paul Ceppi, former Banking and Community Development Director of the New Jersey Economic Development Authority, during the opening of Maestro Technologies' headquarters in Trenton, New Jersey in 2017. (Photo source: New Jersey Economic Development Authority)</figcaption> </figure> To understand why digital transformation is now a critical component of success for businesses everywhere, GMI POST sat down with Maestro Technologies Inc. Managing Director Kamal Bathla. Founded in 1989, Maestro Technologies is an IT solutions provider that excels in automation, system integration, consulting services, and e-commerce solutions. Its team comprises seasoned professionals with a deep understanding of the ever-evolving IT landscape. “If you look at every single market, you realize that companies have to be adaptable and transformative. We can't build or rebuild an ISP, but what we can do is stay ahead of the game, identify the trend, and provide help to companies who are moving that route," Bathla said. Maestro is not just keeping up with current trends but also setting the pace in the IT industry by focusing on cutting-edge concepts such as AI. “With new concepts such as AI, cloud migration, cloud computing, and cloud integrations, all these come into play as they allow us to expand our knowledge of the new tech. Many don't have enough time to keep up with the changes, and what we do is see how the clients can benefit from the research we do,” Bathla said. By staying ahead of technological advancements and adapting to market needs, Maestro is helping businesses thrive in the age of e-commerce.
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 - contentFounded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-9-NYNJ-BentOn.jpg" alt="" /> <figcaption class="image-caption">BentOn founder and owner Toru Furukawa in the early years of his career (Photo Source: BentOn)</figcaption> </figure> Fueled mostly by ambition, Furukawa grew his business from a humble catering service into a culinary supplier for major events, garnering a loyal following in the wake of his success. From his signature bento boxes and donburi (rice bowls) to a variety of warm and cold noodles, BentOn’s menu is a showcase of authentic Japanese cuisine. Later on, BentOn began catering for larger gatherings with its party platters and bento styles tailored to fit any occasion and budget, all the while sticking to its commitment to quality and authenticity. “When I came to the U.S., not too many people knew what a bento box was. Now, more and more people have become familiar with it and now understand what a well-balanced lunchbox looks like,” Furukawa told GMI POST. Apart from popularizing the concept of bento in the United States, Furukawa has also redefined the meaning of healthy ready-to-eat meals for very busy urbanites accustomed to American-style fast food. BentOn's growth is marked by several notable milestones, including the introduction of bento on-demand and the opening of a state-of-the-art bento factory in Long Island, which prepares thousands of balanced and nutritious boxed meals daily for households across the country. Looking beyond the growth of his business, Furukawa also wants BentOn to engage more closely with the local community through collaborations with non-profit organizations and participation in local events. “I didn't have high expectations for the potential of a Japanese meal kit. But now, I have come to see that there's actually so much. I actually saw that the Midwest also has a big market for what I have to offer,” Furukawa said. Through his innovative approach and relentless pursuit of excellence, Furukawa has not only brought a taste of Japan to New York but has also made the bento box a beloved staple for lovers of Japanese food.
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 - section_summaryFounded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City.
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 - titleWorld's largest vertical strawberry farm rises in New Jersey
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 - contentNew Jersey now hosts the world’s first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup Oishii and founded by Japanese entrepreneur Hiroki Koga, whose mission is to “share the appeal of high-quality Japanese fruit with the world.” <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-8-Oishii-Co-founder-and-CEO-Hiroki-Koga.jpg" alt="" /> <figcaption class="image-caption">Oishii Co-founder and CEO Hiroki Koga</figcaption> </figure> The farm produces authentic, pesticide-free Japanese varieties of strawberries year-round, using AI to control environmental conditions like temperature, humidity, and light. This technology replicates the optimal harvest conditions found in Japan. Once the strawberries reach perfect ripeness, robots harvest them. The farm is sealed fully from the outside environment to prevent insect and germ contamination and maintain the purity of the harvest. The facility is also eco-friendly as it uses recycled water for irrigation and renewable energy for electricity. Koga was inspired to start Oiishii in 2016 shortly after arriving in the United States, dismayed by the local fruit industry’s focus on quantity over quality. Determined to introduce Japanese fruit culture to the country, he bought Omakase Berry seeds from the Japanese Alps to New York and set up the first indoor vertical strawberry farm in the state. Since starting production in 2017, Oishii’s strawberries have gained popularity for their distinct sweetness and aroma even if their prices are more than three times higher those of U.S. brands. In February, Oishii announced it had received around $126.5 million (20 billion Japanese yen) in funding from NTT Corp, Mizuho Bank, and other investors and will use most of the investment to build a new indoor strawberry farm.
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 - titleNew Jersey opens first investment promotion center in Asia
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 - descriptionChoose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.
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 - contentChoose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-8-NJ-Asia-Pacific-Center.jpg" alt="" /> <figcaption class="image-caption">Top officials and industry leaders attend the inauguration of the New Jersey Asia Pacific Center in Taipei, Taiwan. (Photo source: New Jersey Business Magazine)</figcaption> </figure> “With the historic inauguration of the New Jersey Asia Pacific Center, we are unleashing new possibilities and prosperity for our workers and families in New Jersey, in Taiwan, and across the Asia Pacific region,” said Gov. Phil Murphy. Present at the event was Choose New Jersey President and CEO Wesley Mathews, who said, “The opening of the New Jersey Asia Pacific Center marks a critical milestone in our efforts to enhance our presence in some of the world’s most significant economic markets.” Mathews also expressed his excitement about sharing the advantages of New Jersey's world-class talent, location, and innovation-driven economy with partners in the Asia Pacific. In a video message, Taiwan Vice President Hsiao Bi-khim, a former New Jersey resident, highlighted the center's potential to boost trade and investment. “I am confident that the opening of the New Jersey Asia Pacific Center will provide strong momentum in boosting trade, investment, and people-to-people ties between Taiwan and the Garden State,” she said. The center, headed by Sam Lin, is the group’s fifth international office, joining others in India, Israel, Germany, and Ireland. Lin stressed the center’s role in facilitating increased trade and collaboration, particularly in sectors crucial to New Jersey's economic success, such as technology, life sciences, and clean energy. The event also featured remarks from Taiwanese Foreign Ministry Secretary General Daniel Diann-Wen Tang, who told those present, “We appreciate Governor Murphy’s decision to establish New Jersey’s first Asia Pacific Center in Taiwan as it reflects the strategic understanding of Taiwan’s role as a gateway to the broader Indo-Pacific region.”
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 - titleEnveritas: Pioneering sustainable practices in coffee and cocoa farming
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 - contentA trailblazer in sustainability assurance, Enveritas is transforming the coffee and cocoa sectors by providing comprehensive insights into the social, economic, and environmental practices of smallholder farms. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-7-NYNJ-Enveritas-CEO-David-Browning.jpg" alt="" /> <figcaption class="image-caption">Enveritas CEO David Browning</figcaption> </figure> Each year, Enveritas visits over 100,000 farms across more than 30 countries in Asia, Africa, and Latin America, allowing them to capture a detailed picture of the conditions and challenges faced by farmers around the world. The organization collaborates with leading coffee roasters and chocolate companies, assessing and understanding the sustainability issues within their supply chains based on Enveritas' rigorous standards. Notably, the companies shoulder the costs of these assessments and not the farmers. This inclusive approach enables small farmers to access sustainability-based export markets, from which they might otherwise be excluded. Enveritas awards a responsible sourcing claim to companies that meet three critical steps: verification of purchases and traceability; annual sustainability assessments of sourcing areas; and continuous improvement investments proportional to the company’s purchases. “Around 2016, we were able to unlock new abilities to help understand what was happening on the ground and help farmers with satellite imagery. That was coupled with the evolution of deep learning,” he said. Enveritas CEO David Browning told GMI POST. According to the CEO, the new technology has enabled local producers to increase production at far lower cost and far higher quality, while observing sustainability practices. “This is how we re-engineered sustainability assurance and truly leverage technology to help farmers on the ground,” Browning said. "Our goal is to eliminate poverty in the coffee sector by 2030. There's about 12.5 million coffee farmers in the world and about half of those farms have an income below the poverty line,” he added. Enveritas helps these farmers by providing tech support that improves their productivity and training them on basic regenerative agricultural practices, like mulching and pruning.
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 - titleThis NY-based tech startup can give renters their dream home
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 - descriptionNamed one of Forbes' 30-Under-30 in 2015, American entrepreneur and investor Ankur Jain established his global reputation as a co-founder of Humin, an app that was later acquired by Tinder. Today, the 32-year-old oversees Bilt Rewards, the first-ever loyalty program that awards points to users for their rental payments and neighborhood spending.
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 - contentNamed one of Forbes’ 30-Under-30 in 2015, American entrepreneur and investor Ankur Jain established his global reputation as a co-founder of Humin, an app that was later acquired by Tinder. Today, the 32-year-old oversees Bilt Rewards, the first-ever loyalty program that awards points to users for their rental payments and neighborhood spending. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-6-NYNJ-Bilt-Rewards-Ankur-Jain-Founder-and-CEO.jpg" alt="" /> <figcaption class="image-caption">Bilt Rewards Founder and CEO Ankur Jain</figcaption> </figure> Seeing the financial challenges of renters living in New York, Jain wanted to create a pathway for them to eventually become homeowners. “The idea that you rent for many years but get no closer to homeownership made no sense,” the Bilt Rewards founder and CEO told INC. magazine. Launched in June 2021, Bilt Rewards boasts one of the highest-value rewards programs in the market today, offering one-to-one point transfers across more than 100 major airline and hotel partners. The program also includes fitness studios and exclusive, limited-edition artworks and home decor through the Bilt Collection. Earned points can be used towards rental payments or a downpayment on a future home . Bilt partnered with Mastercard and Wells Fargo to create the Bilt Mastercard, the first and only credit card that can be used to pay rent with no fees charged. “In 2022, we announced a valuation of $1.5 billion following a $150 million growth round to advance our loyalty program and credit card for renters,” he said. Reflecting on his professional history, Jain advises fellow entrepreneurs to persist through setbacks, citing Bilt's success in securing partnerships with major landlord groups like AvalonBay Communities and Related Companies. “We've created something that benefits everyone involved. It's about turning everyday transactions into meaningful opportunities for financial growth and stability,” said Jain, who is focused on expanding Bilt’s coverage and further empowering renters across the United States.
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 - titleHow to earn the trust of Japanese businesses: A playbook from a NY law firm
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 - descriptionEpstein Becker & Green (EBG), a law firm with offices in New York and other major business centers across the United States, has nurtured a deeply loyal Japanese clientele in the country thanks to its commitment to understanding differences in business culture and delivering the desired results.
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 - contentEpstein Becker & Green (EBG), a law firm with offices in New York and other major business centers across the United States, has nurtured a deeply loyal Japanese clientele in the country thanks to its commitment to understanding differences in business culture and delivering the desired results. Established in 1971, EBG has mastered the strategy to retain its Japanese clients. Here is their three-pronged plan. Set up a team of experts <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-5-NYNJ-EBG-Law-Frances-Green-and-Ron-Green.jpg" alt="" /> <figcaption class="image-caption">Epstein Becker & Green Partner Frances Green (L) and Managing Partner Ron Green (R) (Source: EBG)</figcaption> </figure> Its Japanese Business Services team are specialized attorneys who travel regularly to Japan and have earned extensive experience working with Japanese clients. They are well-versed in the legal and business issues that face Japanese companies in the United States and stay abreast of emerging trends. Their proficiency in the Japanese language and their deep appreciation of Japanese culture and customs enable them to address the unique challenges and concerns of Japanese businesses in America. Understanding the population Partner Frances Green attributes the firm’s success with its Japanese clients to its dedication to knowing their culture and finding out what they need. “I was recruited to the firm because it had a four-decade-plus relationship with the Japanese, which was begun by Ron (Green). He was one of the first American attorneys to go to Japan, be among the Japanese population, and understand that the Japanese business community wanted to integrate itself more within the U.S.,” she recalled. Give the proper training "Regardless of the investment, in whatever sector, we have nearly 200 lawyers dedicated to managing every aspect of the process when it comes to human capital. While many other firms have done this type of work for the Japanese, no one has done it longer than we have,” said Managing Partner Ron Green. “We also have partners in our firm who regularly visit Japan and put on lectures on assimilation in the United States. They train rotating staff before they come here to at least lessen risks that they'll face when they build a company and manage a local workforce," he also said. Apart from combining legal expertise with cultural insight, EBG has maintained long-term ties with Japanese clients by also customizing its services according to their unique needs whenever necessary.
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 - contentIn today’s complex technological landscape, finding the right solution to intricate problems often means tapping into a vast network of consultants and service providers, each with their own limitations and fields of expertise. But always, the right result comes with a hefty price tag. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-10-GL-JOINLU.jpg" alt="" /> <figcaption class="image-caption">JOINLU Founder and President Yugo Ashida</figcaption> </figure> Enter JOINLU International, a Michigan-based company that is revolutionizing the industry with its AI-powered Expert Intelligence (EI) platform. Eliminating the tedious task of screening thousands of consultants, JOINLU’s platform offers a seamless experience, while providing accurate and up-to-date information with just a few clicks. Through its platform, JOINLU provides effective research intelligence solutions for practical problems in a range of niche industries, from automotive engineering to clean energy. JOINLU’s EI is not a typical AI platform. It is backed by decades of subject-matter experience combined with open-source information available in the public domain. For users, it is a gold mine of technical information accessible through inputting simple keywords. “Experts with very specialized skills are scattered globally. Through our platform, we bring them together in one ecosystem. Their wealth of knowledge, combined with publicly available data, form the backbone of our sophisticated system, serving the needs of our clients,” JOINLU Founder and President Yugo Ashida told GMI POST. From mechanical engineering to advanced nuclear technologies, JOINLU gives companies access to top-tier experts in very technical fields. The company continuously expands its pool of experts and its fields of service, some as specific as carbon neutrality, and automotive and mobility. “In today’s market, AI is often limited to consumer applications. JOINLU is changing that narrative by bringing AI’s power to industry professionals and fueling digital transformation efforts,” Ashida said. “Through our platform, we aim to fill the gaps between industry, academia, research institutions, and international companies that may want to come together to innovate R&D in different fields and continue to find solutions to complex problems,” he added. With JOINLU's Expert Intelligence platform, companies can say embrace a smarter, more efficient approach to growth.
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 - contentFor many OEMs (original equipment manufacturers), cost efficiency and quick sales cycles are often prioritized over strategies to strengthen the business and build a robust brand identity that will help distinguish themselves in a vast field of competitors. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-9-GL-EM-Devices.jpg" alt="" /> <figcaption class="image-caption">EMD CEO and President Chihiro Yamamoto</figcaption> </figure> Japan-based EM Devices Corp. (EMD) has managed to carve out a significant presence in the automotive heartland of the United States through strategic branding. Today, EMD has the second-largest share in the automotive relay market in the U.S. and is aiming higher. In an interview with GMI POST, EMD CEO and President Chihiro Yamamoto shares three reasons the brand has become a sought-after supplier. 1. Customer intimacy ensures strong brand recall In business, the saying ‘out of sight out of mind’ rings true. Recognizing the importance of staying close to its customers, EMD made a bold move to start operations in Michigan, the car capital of America. It wanted to engage directly with clients and their development teams when designing products. “When you are closer to your customers, you are closer to their needs,” Yamamoto said. “Owing to our move to Michigan, we now communicate more intimately with our customers. Our business size has increased by more than 50% in one of our largest customers. We ensure that our engineers meet customers regularly to stay on top of their requirements,” he added. 2. Creating future value fosters brand loyalty As technology evolves, new advancements breed new competition. EMD recognizes this challenge. To stay relevant and prevent its customer base from switching brands, the company actively anticipates future customer needs to sustain their loyalty. “As CEO, my mission is to ensure that EMD is always up to date with industry trends. Part of it is to actively imagine the future needs of our customers so that we are always available to serve them,” Yamamoto stressed. This forward-thinking approach is evident in EMD’s preparation for the electric vehicle (EV) revolution. While they may be considered a “late entrant” in the EVN space, as Yamamoto describes it, they are fully prepared to adapt their relays for this new market. This ensures that their existing automotive clients, who are transitioning to EV production, won't need to find new partners, fostering continued brand loyalty. 3. A clear brand philosophy establishes a unique identity Every successful brand has a core philosophy, a way of doing business that sets them apart. For EMD, this philosophy is rooted in the Japanese concept of monozukuri, which translates roughly to “doing the right thing.” According to Yamamoto, doing the right thing means using their expertise to improve people’s lives. “Our brand is about ensuring that the specialized knowledge and expertise we have gained over the years is used to improve the lives of people around us. We ensure the highest standards of quality and safety and strive to do right by all those who use products integrated with our relays,” he explained.
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 - titleZero waste heroes: How APNA is leading the charge for a sustainable future
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 - descriptionAs the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto "Creating for Tomorrow," Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time.
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 - contentAs the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto “Creating for Tomorrow,” Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-GL-Asahi-Kasei.jpg" alt="" /> <figcaption class="image-caption">Phani Nagaraj, incoming president and COO of Asahi Kasei Plastics North America</figcaption> </figure> Through its Triple Bottom Line approach, wherein people and the planet are prioritized over profit, APNA has implemented several initiatives that have contributed to the global effort to protect the environment and do its part in becoming a conscientious corporate citizen. “We aim to prioritize embracing sustainable practices in every aspect of our operations to reduce the impact our products and processes may have on the environment. We want to ideally achieve zero waste in short order,” said Phani Nagaraj, the incoming president and COO of APNA. One of APNA’s flagship initiatives is its commitment to achieve ‘Zero Waste to Landfills by 2025’ across its three U.S. locations. This is a mission embraced by every corner of the company as each location has dedicated teams to meticulously analyze waste streams, and in-house recycling stations that tackle everything from metal to plastic. But its commitment doesn’t stop at the office and factory doors. APNA urges its employees to join its sustainability journey by championing initiatives, like water conservation and emission reduction. The company hopes to foster a culture wherein every individual understands their role in building a greener tomorrow. Beyond its operations, APNA is also committed to giving back to the local community. “We believe in working together to grow not only our company but also the community and the customers we serve,” Phani told GMI POST. Through annual fundraising events and volunteer opportunities, APNA wants to become a good corporate citizen that makes a tangible difference in their local community. Its partnership with Operation Clean Sweep further demonstrates its dedication to environmental stewardship by minimizing pellet, flake, and powder residues released into the environment. Last year, APNA was named the top fundraiser for a United Way event in Livingston County. For APNA, business isn’t the only priority. Its mission includes building relationships and making a positive impact where it matters most. One thing remains clear: with APNA, the world can look to a future that is brighter and greener.
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 - titleIndiana's economy surges on the back of Hoosier hospitality. But what is it?
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 - contentLocated in America’s Heartland, Indiana in the Midwestern United States remains one of the country’s leading manufacturing and industrial centers. In 2023, the state broke its FDI record for the seventh straight year, attracting around $28.7 billion in new investments from more than 200 foreign companies. While the record-breaking numbers stand out, Indiana’s economic growth strategy sets itself apart because of a very welcoming investment climate attributed to Hoosier hospitality. What is Hoosier hospitality? <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-GL-Indiana-Sec-of-State-Diego-Morales-2.jpg" alt="" /> <figcaption class="image-caption">Indiana Secretary of State Diego Morales</figcaption> </figure> “One of our goals is to make Indiana welcoming to everyone, and the state administration is always there for our foreign partners. Our office is open to everyone. This is the Hoosier hospitality,” Indiana Secretary of State Diego Morales told GMI POST. Meanwhile, Huntington City Mayor Richard Strick likens Hoosier hospitality to the Japanese term omotenashi, which describes how hosts wholeheartedly look after their guests. “It's about anticipating needs, stepping up, and collaborating to overcome challenges for our partners while they try to accomplish something. We never leave our partners to navigate on their own. They’re guided with a genuine desire to see them succeed,” Strick said. At the core of Hoosier hospitality is the authenticity and genuineness that permeate every interaction, making visitors and investors alike feel they have found a true partner in their endeavors. Once a concept with a limited scope, Hoosier hospitality has evolved into an indispensable part of Indiana’s business ecosystem and growth strategy to attract new investors and partners.
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 - section_summaryLocated in America's Heartland, Indiana in the Midwestern United States remains one of the country's leading manufacturing and industrial centers. In 2023, the state broke its FDI record for the seventh straight year, attracting around $28.7 billion in new investments from more than 200 foreign companies.
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 - titleHow the "trademark of trust" earned Jefferson County $54 million in investments
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 - contentJefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky, and Tennessee in terms of attracting investments. In June 2023, Jefferson County secured a commitment from Manner Polymers, a leading U.S. PVC manufacturer, for a $54 million state-of-the-art manufacturing facility, the company’s first investment in southern Illinois. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-GL-Jefferson-County.jpg" alt="" /> <figcaption class="image-caption">Jefferson County Development Corp. Executive Director Tony Iriti</figcaption> </figure> In an interview with GMI POST, Jefferson County Development Corp. Executive Director Tony Iriti explained the county’s winning formula. “In my experience, when companies decide to invest in a region, they consider comfort, trust, and accessibility, so that whenever they need anything, the right person to contact is just a phone call away. This is what Jefferson County provides to its partners,” said Iriti. Drawing from his previous experience as a former mayor of Findlay in Ohio and later the head of its economic development organization, Iriti advocates a “trademark of trust” approach. As mayor, he led trade missions to Japan to strengthen the city’s network and secure new business. “When a foreign company is interested in our region, our first instinct is to invite them in person and make them meet our experts who will understand the company’s requirements and help formulate the best solutions to fulfill them. That is also when we answer all their questions. This approach goes a long way in establishing trust and confidence from both sides,” Iriti explained. However, for Iriti, economic development is not just about shaking hands and sealing deals. He ensures that Jefferson County understands the significance of aligning with industry trends, particularly in the area of clean energy. “Developing the region’s infrastructure to suit the investor’s needs is equally important,” he said. In line with Illinois’ priority to develop opportunities in clean energy, Jefferson County is building its renewable energy infrastructure. A testament to that commitment, Manner Polymers’ facility will be completely powered by the local 15-acre solar field. “Our objective is to build the lowest cost, highest quality, and the most environmentally sustainable flexible PVC compounding plant in the world,” Manner Polymers CEO Raj Bhargava said. By fostering trust, embracing sustainability, and developing the right infrastructure, Jefferson County has become an attractive location for prospective investors who want to secure their success in the heart of America.
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 - section_summaryJefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting investments. In June 2023, it secured a commitment from Manner Polymers, for a $54 million state-of-the-art PVC manufacturing facility.
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 - titleMeet Illinois's first African-American lieutenant governor
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 - descriptionThe 48th lieutenant governor of Illinois, Juliana Stratton, has made significant strides, etching her name in history not only as the fourth woman to hold the position but also as the first African-American woman to do so. Her tenure, spanning nearly half a decade, has been marked by a relentless commitment to public service and transformative leadership.
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 - contentThe 48th lieutenant governor of Illinois, Juliana Stratton, has made significant strides, etching her name in history not only as the fourth woman to hold the position but also as the first African-American woman to do so. Her tenure, spanning nearly half a decade, has been marked by a relentless commitment to public service and transformative leadership. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-5-GL-Julliana-Stratton.jpg" alt="" /> <figcaption class="image-caption">Illinois Lieutenant Governor Juliana Stratton</figcaption> </figure> In her multifaceted role, Lt. Governor Stratton has championed initiatives aimed at empowering women economically and fostering a robust teacher workforce pipeline. Additionally, she has chaired the military-economic development committee, demonstrating her prowess in driving strategic initiatives forward. For her visionary leadership, she is getting recognized with the lifetime achievement award this year in the 5th Annual Rich Township Black History Awards Gala - the largest event of its kind in Illinois, joined by over 700+ business leaders, elected officers, and civic leaders. Last fall, she led a delegation comprised predominantly of women to the 53rd Annual Midwest U.S-Japan Association Conference in Tokyo, where she highlighted Illinois’s newfound strength as a growing green economy equipped to contribute to the global clean energy revolution. In light of the Illinois Climate and Equitable Jobs Act passed by Stratton’s administration, which ensures aims to achieve 100% carbon-free power by 2045, and the Reimagining Energy and Vehicles (REV) Program that incentivizes EV production, the state aims to reinvigorate its decades-long strength in manufacturing and capitalize on its central location and highly skilled workforce to embrace EV manufacturing. “The Japanese are interested in the fact that we are on the path of a 100-percent clean energy future,” Stratton was quoted shortly after the event. During the conference, she also highlighted the interest of major Japanese automotive manufacturers like Mitsubishi and Toyota in working with Illinois to help the state achieve the goal of one million EVs on the road by the end of 2030, signaling a paradigm shift in transportation and environmental sustainability. Stratton and her delegation have been instrumental in pushing Illinois’s business attractiveness to the Japanese – one of the state’s top foreign investment partners – especially the qualifications and skills of its workforce. The Climate and Equitable Jobs Act dedicates more than $80 million annually to developing the efficiency of workers in the solar and energy efficiency industries. “We have the best job force for the jobs of tomorrow,” Stratton said. Stratton’s confidence in fulfilling her administration’s “commitment to cleaner, greener energy and travels across the state so that all communities can see and feel the impact,” making her the latest champion in Illinois’s energy transition efforts.
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 - section_summaryThe 48th lieutenant governor of Illinois, Juliana Stratton, has made significant strides, etching her name in history not only as the fourth woman to hold the position but also as the first African-American woman to do so. Her tenure, spanning nearly half a decade, has been marked by a relentless commitment to public service and transformative leadership.
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 - titleWhy Japan matters to Indiana according to the head of Knox County, Indiana
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 - content“Why are focused visits like these vital to Indiana, and particularly to Southern Indiana?” This was the question posed by Knox County Indiana Economic Development CEO Christopher Pfaff in a LinkedIn article posted on February 18, 2024 as he shared his experience when he joined a week-long trade mission in Japan. GMI POST highlights three points the CEO made in that article wherein he spoke about the importance of trade mission trips. 1. Mission trips help sustain Indiana’s positive relationships with its Japanese investors. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK3-Indiana.jpg" alt="" /> <figcaption class="image-caption">Knox County Indiana Economic Development CEO Christopher Pfaff</figcaption> </figure> According to Pfaff, Indiana has the highest concentration of foreign direct investment in the United States from Japanese companies. He explained that mission trips maintain positive relationships with Japanese companies and executives that have already invested heavily in Indiana. Pfaff also points out that foreign-owned companies in Indiana employ more than 200,000 workers across the state. That number includes the more than 300 Japanese companies in Indiana, which employ more than 55,000 people. “Many of these Japanese companies are international brand names, including Subaru Corp., Toyota Motor Corp., Honda Motor Co., and Hitachi Ltd. As one can imagine, there exists intense competition from many states and regions that would love to have these companies and jobs in their area. Through consistent performance and delivery, Indiana is winning. The state has fashioned and earned a stellar reputation for successful investments,” said Pfaff. 2. Mission trips enable continuous improvement (kaizen) “Traveling to see and meet with Japanese investors adds important dimensions and nuances,” said Pfaff, who added that by visiting world-leading urban centers, economic developers and public officials experience firsthand how their foreign counterparts build competitive cities. Pfaff also praised Japan’s collective ability to effectively weave technology, business, climate conservation, and culture into their urban settlements, buildings, and workplace environments. 3. Missions trips show that you care “The Knox County local government participation also sends an important message: Our local officials care enough about the substantial multi-million-dollar investments in southern Indiana that they will personally take the time, energy and funds to visit in-person,” said Pfaff. According to the CEO, the good impression and the good relationship that you are able to create through physical interactions are important considerations that cannot be understated. “For certain, economic development, and especially international economic development, is a contact sport,” Pfaff said. <a href="https://knoxcountyindiana.com" target="_blank" rel="noopener">https://knoxcountyindiana.com</a>
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 - section_summary"Why are focused visits like these vital to Indiana, and particularly to Southern Indiana?" This was the question posed by Knox County Indiana Economic Development CEO Christopher Pfaff in a LinkedIn article posted on February 18, 2024 as he shared his experience when he joined a week-long trade mission in Japan.
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 - titleHow did an Illinois suburb attract $1.2 billion in investments and create more than 5,000 new jobs?
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 - descriptionLake County, a suburban region northeast of Chicago, has witnessed an economic boom in recent years. The area attracted over $1.2 billion in direct capital investment in the last five years, generating more than 5,000 new jobs. It is already home to the second-largest concentration of Fortune 500 companies' headquarters in the Midwest.
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 - contentLake County, a suburban region just north of Chicago, has witnessed an economic boom in recent years. The area attracted over $1.2 billion in direct capital investment in the last five years, generating more than 5,000 new jobs. It is already home to the second-largest concentration of Fortune 500 companies’ headquarters in the Midwest, and is also known for its immense talent pipeline and thriving life science and advanced manufacturing industries. Between 2018 and 2021, gross GDP grew 9.6% to $69.7 billion. Forecasts indicate continued growth, with GDP rising by 21.8% and employment growing by more than 10,000 new jobs by 2027. At the helm of this economic success is the region’s economic development corporation Lake County Partners led by President and CEO Kevin Considine. In a conversation with GMI POST, Considine highlights three key strategies that helped Lake County continue its growth momentum. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-4-GL-Illinois-Cosidine-2.jpg" alt="" /> Strategy 1: Focus on skilled workforce development Lake County prioritizes building a strong talent pipeline, said Considine as he explained that their efforts “start early” by aligning education and training initiatives with industry needs. “We have got a deep set of talent here, especially in advanced manufacturing and life sciences,” Considine said. To foster this advantage, Lake County focuses on early engagement, working with middle school students to spark interest in these fields. “We ensure students have significant exposure to what the industry is all about to develop their interests, skills, and careers systematically. Building this pipeline is the focus of our workforce development efforts,” he said. There are nearly 14,500 Lake County high school students participating in career pathway training across the fields of manufacturing, healthcare and information technology. Manufacturing makes up the largest percentage of participants, with more than 8,000 students. For the existing workforce, Considine emphasizes reskilling and upskilling to be more competitive. “As the manufacturing heart of the United States, we ensure our workforce is adapting to trends like automation, AI, and sustainable practices. We help them understand the use case of advanced technology while ensuring they are environmentally conscious,” he also said. Strategy 2: Nurture investor relationships Foreign investment plays a major role in Lake County’s economy, with Japan being a particularly valued partner. With over 25 Japanese-owned businesses operating successfully in the region, Considine said he considers Japan a critical investment partner. “As the second-largest international investor in our region, we are grateful for our relationship with Japan. We thank all the Japanese businesses who chose to call Lake County their home,” he said. However, building an attractive business environment goes beyond financial considerations. Lake County strives to create a welcoming community for investors and their families. “It’s never just business,” said Considine, highlighting the region’s focus on providing amenities that ensure investors “feel at home.” In addition, Considine underscores the importance of maintaining these relationships through consistent presence. Commenting on his latest trip to Japan last fall to celebrate the 50th anniversary of the sister city agreement between Osaka and Chicago, Considine said, “We want the Japanese community to know that Lake County is here for them and the biggest way to do so is to keep showing up at all occasions.” Strategy 3: Develop competitive infrastructure For Considine, a successful business environment demands strong infrastructure. Lake County benefits from its strategic location near O’Hare International Airport, the world’s most connected airport. It also offers convenient interstate connectivity, which ensures that “businesses can move goods and people at all times.” Reliable and affordable utilities are another essential factor for business success. “Our business sites are built on the foundation of reliable utilities which are available at a fraction of the cost compared to other locations,” Considine said. Amid a boom in manufacturing, Lake County has employed nearly 100,000 locally, or one for every seven jobs. To meet the demand for talent, local leaders are investing in education. There is no better example than the College of Lake County’s (CLC) new Advanced Technology Center, which is the crown jewel of manufacturing workforce development. CLC now has over 1,000 students in manufacturing programs, and the number stands to grow in the coming years. “We have a strong workforce ecosystem that is focused on bringing innovation and automation to Lake County’s manufacturing industry, and making sure that businesses can find the people that they need to thrive, said Considine, whose confidence in Lake County’s future is clear. “Lake County will unquestionably be the best place for people to grow their businesses and careers in the upcoming years,” he added. <a href="https://www.lakecountypartners.com/" target="_blank" rel="noopener">https://www.lakecountypartners.com</a>
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 - section_summaryLake County, a suburban region northeast of Chicago, has witnessed an economic boom in recent years. The area attracted over $1.2 billion in direct capital investment in the last five years, generating more than 5,000 new jobs. It is already home to the second-largest concentration of Fortune 500 companies' headquarters in the Midwest.
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 - titleBiden to host Kishida for an official visit in April
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 - contentThe White House announced that U.S. President Joe Biden will host Japanese Prime Minister Kishida Fumio for an official visit to the United States on April 10. In a statement from Press Secretary Karine Jean-Pierre released on January 25, Kishida’s visit will include a state dinner, which "will underscore the enduring strength” of the bilateral alliance. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK2-Biden-Kishida.jpg" alt="" /> The last time a sitting Japanese prime minister visited the U.S. was in 2015, when then President Barack Obama hosted a summit for former Japanese Prime Minister Abe Shinzo. Jean-Pierre also said Biden and Kishida will discuss efforts to strengthen political, security, economic, and people-to-people ties between their two countries. Meanwhile, White House National Security Council spokesperson John Kirby told local media that as Japan is one of the closest allies of the U.S. in the world, the alliance between the two countries was "very critical" in the Indo-Pacific region. Kirby also expressed his confidence that the two leaders will likely have "a robust discussion" on how their respective countries will improve their mutual capabilities across the board and how the U.S. and Japan will work together across multiple sectors and tackle challenges to bring more stability and value into the Indo Pacific region.
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 - section_summaryThe White House announced that U.S. President Joe Biden will host Japanese Prime Minister Kishida Fumio for an official visit to the United States on April 10.
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 - titleCan AI replace you? An Illinois professor created his digital avatar for his online classes
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 - descriptionWhat if you could create a realistic-looking digital version of yourself that can clearly explain complex systems and confidently deliver lectures or keynote speeches? Prof. Robert Brunner, an expert in emerging technologies at the Gies College of Business at the University of Illinois, employed artificial intelligence (AI) tools to achieve just that.
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 - contentWhat if you could create a realistic-looking digital version of yourself that can clearly explain complex systems and confidently deliver lectures or keynote speeches? Prof. Robert Brunner, an expert in emerging technologies at the Gies College of Business at the University of Illinois, employed artificial intelligence (AI) tools to achieve just that. In fact, Brunner’s AI clone is ready to deliver another lecture in March 2024 in front of MBA students. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-3-GL-Illinois.jpg" alt="" /> A digital avatar is simply a culmination of AI tools Brunner was able to create a virtual version of himself that looks and sounds just like him. He used ChatGPT to generate scripts for his lectures, Sythesia to make videos without any special tools, ElevenLabs to produce a voice that sounded like his, and Midjourney to generate images that supplemented his lessons. According to Brunner, this helps him teach online without spending too much time recording videos. The result? Astonishing authenticity. Even teachers and students who have known Brunner for years struggled to discern between him and his digital doppelganger. “Most people who watch videos of his virtual avatar think the avatar is really him,” said Tawnya Means, assistant dean for educational innovation and chief learning officer at Gies, in an interview with the school’s news site, Poets and Quants. Mastering generative AI prompts is the key to a successful digital avatar. Brunner found that once he became good at giving precise prompts to these tools, he was then able to generate a flawless five-minute lecture presented by his digital avatar in just five to 10 minutes. Also, his AI version boasts multilingual capabilities, even though Brunner knows only English. “It took only a couple of minutes for it to have me speaking Spanish. My virtual clone can also deliver lectures in French and Mandarin,” he told Poets and Quants. The entire process takes only minutes Brunner initially planned to record his video in person but soon realized the challenge of figuring out what to say. He then turned to ChatGPT for help in creating scripts, gradually refining the prompts until the AI tool was able to write scripts in his tone of voice, “The draft script was created by ChatGPT. I thought what if I build a relationship with ChatGPT so it knows me and the course? It took a while but eventually, it started stitching transcripts together. It was getting better and better,” said Brunner. When he realized that recording and editing all the videos by himself could take a lot of time, Brunner experimented with AI tools that could clone his voice and put the generated voice in Synthesia. The entire process, from script to video, took just 10 minutes. The ethics of using AI Although his digital avatar was nearly indistinguishable from him, Burner ensures transparency and never intends it to deceive his students. Burner’s course explicitly states that at times, it will be the digital avatar presenting in front of the students. “I am the culmination of artificial intelligence, a fusion of innovation and disruption in themselves. The words you hear, the script that flows, and even this very image are the handiwork of various AI tools,” the digital avatar says at the start of its lectures. AI will not replace you. But someone who uses it better than you might Brunner’s message to those who are scared of AI is clear. “It’s here and it's only going to get better. You might not be replaced by AI but the time will come when you will be replaced by someone who knows how to use AI better than you. If you start falling behind, you will fall further and further behind,” he said.
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 - titleAWS to invest $15 billion to expand cloud in Japan
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 - contentAmazon Web Services (AWS) plans to invest $15 billion in its existing cloud infrastructure in Japan by 2027 to meet growing customer demand. The world’s largest cloud service provider, which entered the Japanese market in 2009, currently has cloud infrastructure in Tokyo and Osaka. Between 2011 and 2022, AWS invested $10.2 billion in building, connecting, operating and maintaining its data centers in Japan. This latest investment brings AWS's total cloud investment planned in the country to about $25 billion by 2027. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK1-AWS.jpg" alt="" /> As of January 2024, there are about 150 AWS Academy member institutions in Japan and around 150,000 Japanese sellers on Amazon. In fiscal year 2023, the sales revenue of online retailer Amazon Japan amounted to around 3.2 trillion Japanese yen or $21.6 billion. "Our investments in cloud infrastructure are creating a domino effect across industries in Japan, including the public and government sectors," said AWS Japan President Tadao Nagasaki. “This will enable more Japanese organizations to access and deploy emerging and innovative digital technologies, such as artificial intelligence and machine learning,” he added. In October 2023, AWS launched its flagship generative AI service, Amazon Bedrock, in the Greater Tokyo Area. The company cites leading Japanese conglomerates like the Asahi Group, FP Corporation, KDDI, and Ricoh as some of the early adopters of AWS’ generative AI technology. In a separate press release that welcomed AWS’ added investment into Japan, then Digital Minister and current Director of the Digital Society Promotion Council Takuya Hirai said, “Developing Japan's digital infrastructure is the key to strengthening Japan's industrial competitiveness, and data centers play an important role in this.” The former minister also emphasized the role of emerging technologies in boosting Japan’s research and development capabilities.
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 - titleWhat the American Midwest means to the Japanese investors
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 - titleOne man's trash is another man's â€¦ furniture? An Ohio startup turns old wind turbine blades into park benches
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 - contentThe world’s wind industry will be producing 43 million tons of windmill and wind turbine blade waste by 2050, according to a 2021 study published in the scientific journal Waste Management. That is roughly the same estimated weight of the Great Wall of China — the entire wall. And as more energy companies across nations move toward wind power production, the amount of blade waste produced annually is projected to rise exponentially. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-WK%201-MIDWEST-GL-Canvus.jpg" alt="" /> <figcaption class="image-caption">Canvus Vice President of Corporate Affairs Brian Donahue</figcaption> </figure> The problem? Most wind turbine blades are enormous, with some being longer than the wing of a Boeing 747, so at the end of their lifespan they can’t be easily disposed of or hauled away. Most of these retired blades, which are made out of valuable and tough materials like fiberglass, copper, aluminum, and steel, simply end up in landfills. Enter, Canvus. Canvus, an Ohio-based startup founded in 2022, turns retired wind turbine blades into beautiful park benches, planters, and picnic tables for public spaces across the U.S. “We upcycle retired wind turbine blades into benches, planters, and picnic tables for communities across the U.S. Every piece is unique, utilizing the blade’s natural organic shape to craft big, bold, and beautiful products,” said Canvus Communications Manager Mike Crissman in an interview with The Business Download. In addition to using the actual blades, Canvus also incorporates recycled materials such as old tires, shoes, and plastic into their products. According to Canvus Vice President of Corporate Affairs Brian Donahue, the company also works with local artists to design their products and has sold “hundreds if not thousands” to U.S. communities including public spaces in Ohio, Minnesota, Wisconsin, Arizona, California, and Kentucky. He adds the company’s goal is to handle 10,000-15,000 blades a year. “We develop products that not only serve essential functions needed in our public spaces but also bring a sense of excitement and uniqueness. All our upcycled benches, planters, and picnic sets are fully assembled, maintenance-free, and built to last 25+ years,” said Canvus on its official website as it emphasized that their products not only solve a problem but also create new opportunities for companies to give back to local communities.
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 - contentIn terms of foreign direct investment (FDI), Bangladesh is attracting more attention from abroad thanks to substantial incentives and huge improvements in the business landscape. Full-service law firm A.S. & Associates has guided many international investors through the complexities of doing business in Bangladesh. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-11-BANGLA-AS-Associates.jpg" alt="" /> <figcaption class="image-caption">A.S. & Associate Partner, and CEO Ferdaus Rahman</figcaption> </figure> Among the most enticing aspects for foreign investors is a 10-year tax holiday offered by the government. Under this scheme, industrial undertakings established between July 2019 and June 2024 in certain districts will enjoy a 90% tax exemption for the first two years, which will taper gradually down to 10% by the 10th year. According to a survey conducted by the Japan External Trade Organization, the attraction of Bangladesh for Japanese companies is hard to resist. Around 42% of Japanese companies operating in Bangladesh have expressed plans to expand their business over the next two years, driven by mainly by affordable labor and high profitability. The same survey by JETRO also said approximately 70% of these companies intend to hire more local workers. “(Bangladesh) is a winning combination. We have high connectivity, a competitive market, a business-friendly environment, tax breaks, double taxation treaties, modern legislation, and a competitive cost structure that can yield the best returns,” said A.S. & Associates Partner and CEO Ferdaus Rahman. “We have an industrious and competitive workforce. The people are well-educated, highly adaptive, and industrious, and they come with the lowest wages and salaries in the region. About 57.3% of the population is under 25, providing (investors with) a young group for recruitment,” Rahman added.
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 - titleHow Penta Global is redefining 'productivity' through AI
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 - contentBased in the Bangladeshi capital Dhaka, Penta Global Ltd., an internet service provider and ICT specialist, has harnessed artificial intelligence technology to improve the products and services to its entire client base of individuals, businesses and public organizations. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-10-BANGLA-Penta-Global.jpg" alt="" /> <figcaption class="image-caption">Bangladesh Economic Zone Authority Chairman Md. Ali Ahsan and Penta Global Managing Director Md. Faysal Zama sign an agreement to set BEZA's one-stop business portal.</figcaption> </figure> Established in 2013, Penta Global has cemented its reputation in the country as a leader in AI solutions through the use of advanced algorithms and machine learning techniques to streamline processes, optimize operations, and gather valuable insights for businesses. Its comprehensive suite of AI-powered solutions covers a diverse range of industries, including finance, healthcare, manufacturing, and logistics, all offering tailored strategies that meet the different demands of each industry. “AI is not just a tool. It’s a catalyst for growth that enables organizations to achieve greater efficiency and competitiveness in today's fast-paced world,” said Penta Global Managing Director Md. Faysal Zaman. Zaman also highlighted the role of technology and AI in nation-building. In 2023, Penta Global signed an agreement to host, maintain, and build the online one-stop business portal of the Bangladesh Economic Zone Authority (BEZA). Meanwhile, echoes Zaman’s sentiment, highlighting the role of AI in driving productivity gains. “By harnessing AI capabilities, we empower businesses to automate routine tasks, analyze vast datasets, and make data-driven decisions with unprecedented speed and accuracy,” said Penta Global CTO Ipsito Barua Dipon. Penta Global's AI solutions allow businesses to optimize their supply chains and enhance their customer experiences. Through its firm commitment to adopt the latest innovations, Penta Global remains at the forefront of driving productivity and shapes future of business in the country.
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 - titleBeximco Fashions: At the pinnacle of Bangladesh's textile and garment industry
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 - contentEstablished in 1994, Beximco Fashions Ltd. has grown to become one of the leading fashion and apparel manufacturers in Bangladesh, having built a reputation for its commitment to quality, innovation, and ethical practices. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-9-BANGLA-Beximco-Fashions.jpg" alt="" /> <figcaption class="image-caption">Beximco Fashions CEO Syed Navid Husain</figcaption> </figure> Beximco Fashions is a subsidiary of Beximco Group, one of the largest conglomerates in Bangladesh, with interests spanning pharmaceuticals, textiles, and telecommunications. Its activities include yarn spinning, fabric manufacturing, garment production, and exports. “Our principles are based on ‘three Ps’. First, it's people, then planet. Profit comes last. This means that we are not completely driven by profit,” Beximco Fashions CEO Syed Navid Husain told GMI POST. The company's commitment to excellence extends beyond the production processes. With a keen understanding of global fashion trends and consumer preferences, Beximco Fashions has carved a niche as a provider of trendsetting apparel. “We place great emphasis on design innovation and versatility. Our goal is to offer our customers products that not only meet their needs but also exceed their expectations in terms of style and functionality,” Husain said. Beximco Fashions' success story is not confined to its domestic market. With a strategic focus on international expansion, the company has successfully penetrated key markets across the globe. “Our international presence is a testament to the strength of our brand and the quality of our products. We are committed to further expanding our global footprint and establishing Beximco Fashions as a household name worldwide,” he also said. Beximco Fashions has also been at the forefront of Bangladesh's efforts to promote ethical and sustainable practices in the garment industry. The company adheres to strict codes of conduct regarding worker welfare, environmental sustainability, and social responsibility. This commitment has earned Beximco Fashions the trust of international buyers and contributed to the overall improvement of working conditions in the Bangladeshi garment sector. Asked about Beximco Fashion’s approach to fashion and design, the CEO cited sustainability and functionality as important factors when designing its products. “The way we approach fashion is very much like creating music. To create a masterpiece, we do not just focus on one instrument, we play the whole symphony,” said Husain. 
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 - titleStandard Chartered Bank Bangladesh CEO: We will be there to help
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 - contentStandard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-BANGLA-Standard-Chartered.jpg" alt="" /> <figcaption class="image-caption">Standard Chartered Bank Bangladesh CEO Naser Ezaz Bijoy</figcaption> </figure> From extending credit lines to an independent Bangladesh to being the first to introduce banking technologies such as ATMs, debit cards, credit cards, international debit cards, and Shariah-compliant credit cards, Standard Chartered Bangladesh has continually demonstrated its commitment to driving progress and accessibility in banking services. “For us, it's not only about banking but also about community engagement perspective. We are engaged in the agricultural sector, the environment, in education, and entrepreneurship. These activities have helped us understand the fabric of the country,” said Standard Chartered Bank Bangladesh CEO Naser Ezaz Bijoy. According to Bijoy, last year marked significant milestones for both Bangladesh and Standard Chartered Bank. The bank had the privilege of contributing to landmark projects and initiatives such as the Padma Rail Link, Terminal 3 of Hazrat Shahjalal International Airport (HSIA), and the country's largest 60-megawatt wind-based power plant. Bijoy also emphasized the importance of sustainability in Bangladesh's development journey, particularly in the face of climate change challenges. “Sustainability is a big area of focus for Standard Chartered Bank Bangladesh because Bangladesh is one of the most vulnerable countries affected by climate change. And I’m happy to share that Bangladesh has already signed the agreement for net zero by 2050. But to make the country’s clean energy transition happen, significant help is required. And we will be there to help,” he told GMI POST. During the interview, Bijoy also highlighted Japan as a potential key partner for Bangladesh's economic growth and sustainability aspirations. He expressed optimism about leveraging partnerships with Japanese investors to bolster Bangladesh's ecosystem and propel its sustainable development agenda forward. “When we visit Japan, we hope to pitch to large investors so that we can attract them and help us set up the ecosystem in the country,” said Bijoy, who added that the bank’s goal is to engage with foreign investors that will further catalyze Bangladesh’s journey towards a sustainable future.
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 - section_summaryStandard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.
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 - contentAmerican International University – Bangladesh (AIUB) is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum. Under the leadership of Pro-Vice Chancellor Dr. Abdur Rahman, AIUB is committed to nurturing skills in their students and preparing them for leadership roles in the future. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-BANGLA-AIUB.jpg" alt="" /> Hands-on learning Dr. Rahman emphasizes the pivotal role of hands-on experience in shaping future leaders. “Our main focus is on skills development. We need to create leadership for the professional fields. To do that, we provide a strong emphasis on laboratory development. The hands-on experience is a very integral part of our curriculum,” he said. This commitment to practical learning is reflected in AIUB's tagline: “Where leaders are created.” Outside activities AIUB looks beyond academic excellence by offering a wide variety of extracurricular activities where students take the helm. “We create a lot of extracurricular activities. Everybody gets the chance to lead because the students run these activities themselves. This is where they learn how to communicate, how to manage, how to do things with seniors, juniors, teachers, and external groups,” Rahman explained. Faculty and staff excellence Central to AIUB's success is its faculty made up of accomplished individuals who are passionate about nurturing the next generation of leaders. “We prefer teachers who were high achievers when they were students as well. Our minimum qualification here is a master's degree. We also have PhD holders who have studied in Japan. That's because we are very conscious of the quality of education we provide,” Rahman said. AIUB also prioritizes staff retention with a significant portion of its faculty being alumni of the institution. “Most of our teachers are graduates of AIUB. They are big supporters of the institution, and that provides us with the stability we need,” Rahman said. This commitment to excellence explains AIUB’s reputation as a leading university in Bangladesh.
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 - contentAt the heart of Bangladesh's economic development vision, the government has relied on long-term partners that have delivered the desired results. Sumitomo Corporation Asia and Oceania, a leader in trade and infrastructure development, is among those trusted partners as seen by its engagement in the development of the Bangladesh Special Economic Zone (BSEZ). <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-BANGLA-Sumitomo.jpg" alt="" /> <figcaption class="image-caption">Sumitomo Corp. Asia & Oceania representatives led by (3rd and 4th from left) General Manager for Bangladesh Shinichi Nagata with the Ambassador of Bangladesh to Japan Shahabuddin Ahmed</figcaption> </figure> In an interview with GMI POST, Sumitomo Corp. General Manager Shinichi Nagata shed light on how the Japanese giant has played a pivotal role in industrial development and job creation in the South Asian country. “This office has more than 60 years of history. Historically, we engaged in the trading business. But now we are diversifying our business portfolio to include project development. We are now doing the Matabari deep sea port, a seven-year project to be completed this year. We are also involved in the Bangladesh Special Economic Zone. All these will be considered game changers,” Nagata said. The Japanese executive also highlighted the symbiotic relationship between Sumitomo’s goals and the government's vision to diversify its economy. “The Bangladesh government wants to attract more high-value-added manufacturing. Prime Minister Sheikh Hasina announced that Bangladesh will develop 100 special economic zones to attract holding direct investors. In line with that, the Japanese government willingly supports the development of the special economic zone,” Nagata said. Sumitomo’s involvement in Bangladesh transcends mere business transactions; it embodies a deep-rooted commitment to partnership and trust-building. By aligning its objectives with the government’s economic vision, Sumitomo is investing not only in Bangladesh’s infrastructure but also in the prosperity and well-being of the Bangladeshi people.
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 - contentBangladesh Prime Minister Sheikh Hasina, daughter of the nation’s founding leader and its first president, Sheikh Mujibur Rahman, has led the country consolidating her legacy deeply rooted in the struggle for independence and economic progress. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-5-BANGLA-Sheik-Hasina.jpg" alt="" /> <figcaption class="image-caption">Bangladesh Prime Minister Sheikh Hasina</figcaption> </figure> Her leadership is marked by a commitment to advancing the rights and opportunities of women and children, recognizing their pivotal role in shaping Bangladesh's trajectory toward prosperity. The present government under Sheikh Hasina's guidance has embarked on various initiatives aimed at ensuring the holistic development of women and children in Bangladesh. Through comprehensive policies and programs, her administration has prioritized education, healthcare, and economic empowerment for women, laying the foundation for a more inclusive and equitable society. Central to Hasina's vision are the ambitious goals outlined in Vision 2041, which aim to propel Bangladesh towards becoming a high-income country. Integral to these visions is the recognition of women's empowerment as a catalyst for national development. Women's engagement in political and economic activities is considered not only a fundamental right but also a strategic imperative for driving transformative change. Addressing the 78th United Nations General Assembly in September 2023, Hasina reiterated her unwavering commitment to advancing gender equality and women's empowerment on a global scale. She emphasized the need to enhance partnerships across sectors to mainstream gender equality and called upon the private sector to play a more proactive role in advancing women's participation at all levels. "We must enhance our partnership base to make gender equality a norm across all sectors. The private sector needs to come forward to advance women's participation at a higher level. As leaders, we need to engage with them and encourage them to take bold initiatives in that regard," she affirmed. Hasina's leadership underscores the importance of solidarity among women leaders worldwide in championing gender equality and women's rights. While acknowledging the diversity among nations, she emphasized the universal commitment to achieving a gender-equal world, stressing that no country should backtrack on its pledge to promote women's empowerment. "As women leaders, we have a responsibility to stand by all women and create examples that can guide others. We must leverage our position and power to achieve a gender-equal world," she stressed. In Bangladesh, Hasina's government translated these principles into concrete action through the implementation of progressive policies and targeted interventions. Measures such as increased access to education for girls, healthcare services for women and children, and economic opportunities through microfinance and entrepreneurship programs have contributed to tangible improvements in the lives of millions. Hasina's administration has actively promoted women's participation in decision-making processes at all levels of governance, ensuring their voices are heard and their contributions valued in shaping policies and programs that affect their lives.
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 - contentLed by Managing Director Mohammed Sohel, knitwear manufacturer and exporter Bangla Poshak, based in the city of Gazipur, made its mark in Bangladesh’s competitive garment industry for its commitment to quality, transparency, and long-term partnerships. According to the company's website, Bangla Poshak prides itself on its modern facilities and international certifications, including BSCI, SEDEX, ACCORD, ORGANIC, and OEKO-TEX. These certifications underscore the company's adherence to ethical and sustainable manufacturing practices, ensuring compliance with global standards. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-4-BANGLA-Poshak.jpg" alt="" /> Transparency at all times One of the key factors that contributed to Bangla Poshak's success was its focus on employing experienced and highly technical management teams. Sohel emphasizes the importance of executing production exactly as per customer requirements, believing in the significance of fostering long-term relationships. “I show the desire to achieve quality and to be transparent,” he said. This commitment to transparency and quality is instrumental in maintaining strong partnerships with clients, including Japanese partners. Understanding client needs Sohel further stresses the company's dedication to quality control: “After several inspections, I understood their standards. In fact, we started with 10% excess fabrics and we're now down to just 3%.” This attention to detail and continuous improvement in quality control have enabled Bangla Poshak to exceed customer expectations consistently. With its focus on quality, transparency, and customer satisfaction, Bangla Poshak has solidified its position as a leading player in the knitwear manufacturing and exporting industry. Under the leadership of Sohel, the company remains committed to delivering exceptional products while nurturing enduring partnerships with clients worldwide. “It’s about having the right kind of attitude. We simply need to be given the chance to show the world what we can do. Come see us, know us, and start your business with us. Teach us because we can overcome difficulties. We are able to achieve what you need,” Sohel said. <a href="https://www.banglaposhak.com/">https://www.banglaposhak.com</a>
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 - contentTen Japanese American leaders from across the U.S. are preparing to travel to Japan for the 2024 Japanese American Leadership Delegation (JALD) organized by the U.S.-Japan Council. Under the JALD program, the chosen Japanese American leaders will travel to Osaka and Tokyo from March 1 to 9, 2024 where they will meet with top business and government officials and participate in a symposium in Osaka co-sponsored by the Japan Foundation Center for Global Partnership. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK2-Trade-Delegation.jpg" alt="" /> In its 21st year, the trip provides an opportunity for Japanese American leaders to deepen their understanding of Japan and promotes the value of sustained people-to-people relationships as a critical factor in assuring the long-term success of U.S. and Japan relations. The trip also allows Japanese leaders to gain a greater understanding of multicultural America through the experiences of a diverse group of Japanese Americans. Who are the 2024 JALD participants? Comprised of 10 leaders in business, academia, government, non-profit and legal sectors from across the United States, these 2024 delegates are leaders in their respective communities, engaged in U.S.-Japan relations. 1. Naomi Ostwald Kawamura (Seattle, Washington) – Executive Director of Densho 2. Yoh Kawanami (Honolulu, Hawaii) – Director, Hawaiian Electric Company 3. Derek Kenmotsu (San Mateo, California) – Head of Partnerships, AI/ML and Indo-Pacific, Defense Innovation Unit 4. Darin Mano (Salt Lake City, Utah) – City Council Member, Salt Lake City Council 5. Susan Miyagi McCormac (New York, New York) – Founder & Editor-In-Chief, JapanCulture-NYC 6. Tomoko Hosaka Mullaney (Washington, DC) – Executive Director, U.S.-Japan Business Council, U.S. Chamber of Commerce 7. Anna Ninoyu (Chicago, Illinois) – Owner & Principal Architect, METIS Design 8. Rob Ohno (Ponte Vedra Beach, Florida) – President and CEO, ANNIKA Foundation 9. George Tanaka (Los Angeles, California) – Managing Director, U.S. Bank 10. David Yoshimura (Des Moines, Iowa) – Partner, Faegre Drinker Biddle & Reath LLP After their trip, the JALD delegates will collaborate with their local consulates, the U.S.-Japan Council, as well as local and national community organizations to continue strengthening ties between the U.S. and Japan. For more information on the delegates, their biographies, and the JALD program, visit <a href="https://www.usjapancouncil.org/japanese-american-leadership-delegation/" target="_blank" rel="noopener">https://www.usjapancouncil.org/japanese-american-leadership-delegation/</a>.
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 - contentSigmind.ai, which claims to be the first AI startup in Bangladesh, is leading the transformation of conventional surveillance systems into cutting-edge security solutions. Through its Central Intelligent Video Management Systems (CiVMS), the startup can turn CCTV cameras into AI-powered intelligent cameras that can identify, save, and reveal the full faces of people even if they are wearing face masks. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-3-BANGLA-Sigmind.jpg" alt="" /> In a conversation with the Dhaka Tribune, Managing Director Tanvir Tabassum shared, “Our system can recognize a mask-wearing face with 87.3% accuracy, while in the case of a person not wearing masks, we can detect and recognize people with 99.4% accuracy. Also, we can determine the sex and dress color of a person from black and white CCTV video footage.” According to Tabassum, this level of precision aims to enhance security measures and minimize biases often associated with traditional surveillance methods. By harnessing the power of deep learning, Sigmind.ai has effectively democratized access to advanced security solutions. Its ability to retrofit any standard camera with artificial intelligence capabilities signifies a paradigm shift in the surveillance industry. Now, organizations can leverage state-of-the-art security measures without costly infrastructure overhauls. Adding new applications The applications of Sigmind.ai's technology are manifold, and transcend traditional notions of surveillance. Beyond security, its systems are useful in various domains, like retail analytics, vehicle recognition, crowd management and estimation, and public safety initiatives. With its method of accuracy and adaptability, Sigmind.ai is set to revolutionize how societies approach security and surveillance. Furthermore, Sigmind.ai's commitment to innovation extends beyond technological advancements. It prioritizes ethical considerations and ensures that its systems adhere to strict privacy standards and mitigate potential biases. This dedication to responsible AI deployment underscores its commitment to not only revolutionizing security but also fostering trust and transparency in the digital age. Moreover, Chief Sales and Marketing Officer Arif Hossain told New Age Bangladesh that the company’s watch cam will play a vital role in ensuring security in both government and private sectors. The news site also reported that agencies such as the Bangladesh Hi-Tech Park Authority are already using the software.
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 - titleTokyo Gas Natural Resources to buy Texas-based natural gas producer Rockcliff Energy
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 - section_summaryTokyo Gas Natural Resources (TGNR) announced plans last December to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion as part of its efforts to expand its overseas business.
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 - titleEntrepreneurs of Bangladesh: 3 business leaders you should know
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 - contentBangladesh, a country known for its vibrant culture and resilient spirit, has produced a cadre of successful entrepreneurs who have made significant contributions to the global business landscape. Below are just three of the several remarkable individuals who have not only shaped their industries but have also become symbols of entrepreneurial success. Muhammad Yunus, Founder of Grameen Bank <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-BANGLA-Entrepreneurs-Yunus.jpg" alt="" /> <figcaption class="image-caption">Photo source: Grameen Foundation</figcaption> </figure> No discussion about successful entrepreneurs from Bangladesh is complete without mentioning Professor Muhammad Yunus, the Nobel Peace Prize laureate and the founder of Grameen Bank. Born in 1940 in the coastal city of Chittagong, Yunus has dedicated his life to alleviating poverty through innovative financial solutions. Yunus pioneered the concept of microcredit, providing small loans to the impoverished, particularly women, to start their own businesses. His vision was to empower individuals with the means to escape the cycle of poverty. Grameen Bank, founded in 1983, has since disbursed billions of dollars in microloans and has become a global model for microfinance institutions. Professor Yunus' impact extends beyond Bangladesh. His commitment to social entrepreneurship and poverty reduction has garnered international recognition. He received the Nobel Peace Prize in 2006, and his work continues to influence discussions on sustainable development and inclusive finance. Salman F Rahman, Vice Chairman and Co-founder of Beximco Group <figure class="image-container"></figure> <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-BANGLA-Entrepreneurs-Salman-F-Rahman.jpg" alt="" /> <figcaption class="image-caption">Photo source: https://www.salmanfrahman.com/en/</figcaption> </figure> Salman F Rahman, a prominent industrialist and politician, has played a pivotal role in shaping Bangladesh's economic landscape. Born in 1951, Rahman has been instrumental in the growth of the Beximco Group, one of the largest conglomerates in the country with interests ranging from textiles to pharmaceuticals. Rahman's business acumen has not only propelled Beximco Group to new heights but has also contributed significantly to the nation's economy. Under his leadership, the group has expanded its footprint globally, exporting products to over 150 countries. Moreover, his efforts in the pharmaceutical sector have positioned Beximco Pharmaceuticals as a major player in the international pharmaceutical arena. In addition to his entrepreneurial endeavors, Rahman has been active in politics, serving as an advisor to the Prime Minister of Bangladesh. His contributions to both business and public service show the potential for entrepreneurs to impact various facets of society. Raisul Kabir, Co-founder and CEO of Brain Station 23 <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-BANGLA-Entrepreneurs-Raisul-Kabir.jpg" alt="" /> <figcaption class="image-caption">Photo source: Brain Station 23</figcaption> </figure> In the dynamic world of technology, Raisul Kabir stands out as a pioneering entrepreneur who has played a key role in advancing Bangladesh's tech industry. As the co-founder and CEO of Brain Station 23, a leading software development company, Kabir has been at the forefront of technological innovation in the country. Established in 2006, Brain Station 23 has earned a reputation for delivering high-quality software solutions to clients worldwide. Kabir's leadership has been instrumental in the company's success, navigating the challenges of the tech industry and positioning it as a competitive player on the global stage. Under Kabir's guidance, Brain Station 23 has diversified its portfolio to include cutting-edge technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT). These three entrepreneurs — Yunus, Rahman, Kabir — represent the diversity and dynamism of Bangladesh's business landscape. From pioneering social change to leading industrial growth and driving technological innovation, they have become examples of the transformative power of entrepreneurship in shaping the future.
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 - titleBangladesh and Japan to enter into an Economic Partnership Agreement by 2025
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 - descriptionBilateral trade and investment between Japan and Bangladesh are expected to grow exponentially as the two countries move closer to finalizing their Economic Partnership Agreement (EPA).
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 - contentBilateral trade and investment between Japan and Bangladesh are expected to grow exponentially as the two countries move closer to finalizing their Economic Partnership Agreement (EPA). In a joint press conference held by Japanese and Bangladeshi officials last December 27, 2023, Bangladesh Senior Commerce Secretary Tapan Kanti Ghosh expressed his optimism, saying that his country would yield significant benefits once the proposed EPA is signed. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-WK-1-BANGLA-Japan-EPA.jpg" alt="" /> <figcaption class="image-caption">Bangladeshi Prime Minister Sheikh Hasina and Japanese Prime Minister Fumio Kishida are optimistic that a planned economic partnership agreement will herald a new phase in their bilateral relations.</figcaption> </figure> “I am optimistic that the economic partnership agreement between the two countries will be signed either by December 2025 or January 2026. Once the EPA with Japan is signed, we’ll not only get duty-free market facilities but also get more investments and infrastructures suitable for industries and thus could join the global supply chain,” said Ghosh. Considered a long-time and significant economic partner for Bangladesh, Japan has provided $24.72 billion in financial assistance since 1972 through its Official Development Assistance (ODA), almost evenly split between grants and loans. According to a news report by The Diplomat, this makes Japan Bangladesh’s single largest bilateral donor In recent years, the number of Japanese companies investing in Bangladesh has also seen a massive spike as it has quadrupled over the past decade. In 2022, Bangladesh received over $100 million in foreign direct investments from Japan, a record high according to Ghosh. Meanwhile, Japanese Ambassador to Bangladesh Iwama Kiminori said the proposed EPA will facilitate development on both sides as Japan sees Bangladesh as a crucial economic partner. According to a 2023 report by East Asia Forum, Bangladesh’s (1) fast-growing economy, (2) trade-friendly policies, (3) growing middle-class population with high purchasing power, and (4) strategic location because of its direct access to the Indian ocean where almost 80% of Japan’s maritime trade passes through make it one of the most potentially lucrative markets in this region. Asia News Network reports there are around 350 Japanese companies operating in Bangladesh today, 85% of which are in favor of the Japan-Bangladesh EPA to increase bilateral trade and investment. According to Ghosh, Japanese companies can also explore more investment opportunities in Bangladesh through the Bangladesh Special Economic Zone, which partially opened in December 2022 with the cooperation of Japan, the Public-Private Joint Economic Dialogue, and the Bangladesh-Japan Joint Public Private Partnership Platform.
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 - section_summaryBilateral trade and investment between Japan and Bangladesh are expected to grow exponentially as the two countries move closer to finalizing their Economic Partnership Agreement (EPA).
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 - titleSingapore's National University Hospital unveils trauma care center
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 - contentNational University Hospital (NUH), the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" /> <figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption> </figure> According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries. “The National University Centre for Trauma represents decades of efforts in refining our trauma care expertise for our injured patients to return to their lives and achieve their dreams. It also aims to prevent trauma from occurring in the first place with data-driven injury prevention efforts,” said National University Centre for Trauma Director Raj Menon. In line with this, the hospital has rolled out a multi-disciplinary clinic that provides services for recovering trauma patients and conducts meetings to enhance care, rehabilitation, and psychosocial recovery pathways. Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.
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 - section_summaryNational University Hospital (NUH), the main teaching hospital of the country's top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.
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 - titleDigital Assets 101: An introduction for the cautious digital investor
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 - descriptionHow would you like to lower your risk when investing in digital assets? But how safe are they? Are NFTs the only options? Do central banks vouch for them? It's always helpful to do some research before making your hard-earned money work for you.
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 - contentHow would you like to lower your risk when investing in digital assets? <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-10-SG-Alta-Group.jpg" alt="" /> <figcaption class="image-caption">Alta Group Co-Founder and Chief Commercial Officer Benjamin Twoon (Photo source: Alta Exchange)</figcaption> </figure> The Internet has democratized knowledge and many processes. Until a few decades ago, only a select few had access to resources about investing. Today, anyone signed up to a banking or telecommunications platform receives marketing campaigns for investing online. But how safe it is? Are NFTs the only options? Do central banks vouch for them? It’s always helpful to do some research before making your hard-earned money work for you. Let’s begin with some basic definitions. Digital assets originally applied to media formats stored in a digital environment like documents, pictures and videos. Now, Nasdaq stock market explains that with the emergence of blockchain technology, the term “digital assets” has expanded to include asset-backed tokens, tokenized real estate, cryptocurrencies, and non-fungible tokens (NFT). Tangible assets, like commodities and real estate, are now being tokenized and have created new opportunities for the digital marketplace. How many people are investing in digital assets? As of 2023, the average daily number of digital asset investors and traders was at 5.9 million. The global value of digital assets is at $1.5 trillion with an expected 33% year-over-year growth rate. Suffice to say, the rapid growth of digital assets has the potential to substantially impact the investment landscape. Why are digital assets becoming more popular among investors? According to a survey of 774 institutional investors in the United States and Europe conducted by U.S.-based fintech company Kubera, nearly 80% of respondents said they found digital assets “appealing” for various reasons. The top three reasons were as follows: They lacked correlation with other assets” (36%). They were interesting and innovative (34%). They had a high-potential upside (33%). To find out more, GMI POST spoke with Alta Group Co-Founder and Chief Commercial Officer Benjamin Twoon, who believed there was an upward trend when it came to the popularity of investing in digital and alternative assets. Alta, formerly known as Fundnel, is Southeast Asia’s largest digital marketplace for alternative investments and was recently recognized as a Technology Pioneer by the World Economic Forum. Asked about the safety of investing in digital products, Twoon said, “Alta Exchange is accredited by the Monetary Authority of Singapore (MAS). We deal in security tokens that are regulated by the central bank. It’s credible and secure.” For more information about digital and alternative assets, visit <a href="https://alta.exchange/alta-exchange" target="_blank" rel="noopener">Alta Exchange</a> and start your way to investing in secure digital assets.
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 - titleSurviving storms with Hocklim Engineering
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 - descriptionWhat if businesses could protect themselves from floods and soil erosion? For many business owners in Singapore and other regions prone to natural disasters, intense rainfall and landslides pose real dangers that can cause devastating property damage.
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 - contentWhat if businesses could protect themselves from floods and soil erosion? For many business owners in Singapore and other regions prone to natural disasters, intense rainfall and landslides pose real dangers that can cause devastating property damage. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-9-SG-Hocklim.jpg" alt="" /> <figcaption class="image-caption">Hocklim Engineering CEO Yuan Shen Chua receives an award for being part of the pilot batch of enterprises that participated in Enterprise Singapore's Cool Ideas Enterprise. (Photo source: Hocklim Engineering)</figcaption> </figure> GMI POST met with Hocklim Engineering, winner of the Singapore International Chamber of Commerce’s Most Sustainable Award in 2021, to ask about the Geobarrier System (GBS), its latest innovation that prevents future slope failure and enhances livability through increased greenery. GBS, jointly developed by the Housing Development Board (HDB) and Nanyang Technical University (NTU), is a climate-resilient solution that maintains slope strength during heavy rainfall. The difference in permeability in the distinct layers of the GBS allows rainwater infiltration to be directed away from the slope, preventing oversaturation of the ground. “The science behind the GBS is quite special because it is designed to prevent rainwater from reaching the slope. It is separated in layers and the air within the particles is used to repel the water,” explained Hocklim Engineering CEO Yuan Shen Chua. Established in 1988, Hocklim Engineering grew from a small company into a household name in Singapore. According to Chua, the company not only provides civil and geotechnical expertise, but also develops innovative construction solutions, such as automated flood barriers and controlled flood gates with detention drain systems. For more information on the GBS and Hocklim Engineering, visit <a href="http://www.hocklim.com" target="_blank" rel="noopener">www.hocklim.com</a>.
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 - titleNUS, FedEx forge partnership to advance AI and data science education
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 - descriptionThe National University of Singapore's Institute of Systems Science (NUS-ISS) and FedEx Institute of Technology (FIT) at the University of Memphis have announced a collaboration to enhance AI and data science education.
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 - contentThe National University of Singapore’s Institute of Systems Science (NUS-ISS) and FedEx Institute of Technology (FIT) at the University of Memphis have announced a collaboration to enhance AI and data science education. The partnership will capitalize on the strengths and expertise of both institutions to deliver cutting-edge training and innovative learning experiences. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-9-SG-NUS.jpg" alt="" /> <figcaption class="image-caption">NUS-ISS CEO Khoong Chan Meng (Photo source: NUS-ISS)</figcaption> </figure> Under this strategic agreement, NUS-ISS will offer its AI and data science courses through FIT to empower professionals and students in and outside of Memphis by sharing essential digital skills. Starting September 2024, adult learners and students of FIT can take up NUS-ISS’ Executive Education courses in Data Driven Decision Making, Data Storytelling, and Machine Reasoning (AI). From October 2024, it will add two other courses: Managing Business Analytics Projects and Problem-Solving Using Pattern Recognition. “This strategic partnership with The FedEx Institute of Technology at the University of Memphis marks a significant step towards advancing global education in data science, machine learning, and artificial intelligence. It also represents a unique opportunity to merge our training expertise with FIT’s innovative spirit,” said NUS-ISS CEO Khoong Chan Meng. “At NUS-ISS, we are committed to providing high-quality training that empowers professionals to thrive in today's dynamic technological landscape. Together, we will cultivate a skilled workforce capable of harnessing the power of digital to address complex challenges and drive innovation across industries,” he added. Meanwhile, Prof. Jasbir Dhaliwal, Executive Vice President for Research & Innovation at the University of Memphis and Executive Director of the FedEx Institute of Technology, said, “In an increasingly interconnected world, global partnerships are central to servicing the technology skills needs of global corporations.” “This significant partnership in artificial intelligence with the top university in Asia builds on the recent announcement that Elon Musk’s xAI is building the world’s largest supercomputer (its gigafactory of computing) in Memphis. It helps us position our region as the AI capital of Tennessee and the Southeast serving global markets and clients,” Dhaliwal added. NUS-ISS is known for its comprehensive portfolio of programs in critical industry disciplines, such as data science, artificial intelligence, software development, cybersecurity, and digital strategy. Course participants will benefit from NUS-ISS’ unique learning pathways, which combine rigorous academic knowledge with practical industry insights. The courses will be conducted both online and in-person, ensuring accessibility and flexibility for all learners. FIT will oversee the organization and marketing of the courses, ensuring they reach the right audience and maximize impact. The multi-year partnership is a testament to the power of global collaboration in driving educational excellence and innovation and designed to be dynamic and responsive to the evolving needs of the digital landscape. Both FIT and NUS-ISS are committed to continuously reviewing and enhancing the course offerings, ensuring they remain at the forefront of technological advancement.
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 - section_summaryThe National University of Singapore's Institute of Systems Science (NUS-ISS) and FedEx Institute of Technology (FIT) at the University of Memphis have announced a collaboration to enhance AI and data science education.
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 - titleEve Felder: Balancing tastes and business
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 - descriptionWhat has it been like for America's top culinary school to operate in Singapore, now one of the world's leading food destinations? In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America's (CIA) faculty in Singapore for more than 14 years.
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 - contentWhat has it been like for America’s top culinary school to operate in Singapore, now one of the world's leading food destinations? <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-8-SG-CIA-Singapore-Eve-Felder-Managing-Director.jpg" alt="" /> <figcaption class="image-caption">Culinary Institute of America in Singapore Managing Director Eve Felder (Photo source: CIA Singapore)</figcaption> </figure> In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America’s (CIA) faculty in Singapore for more than 14 years. “I always love to say that Singapore is run like a company, said Felder, who applauds the government’s commitment to be forward-looking. It was in 2010 when the city-state revealed its plans to become the top tourist destination in Asia and the world with the building of Marina Bay Sands and Resorts World Sentosa. It was around the same time the CIA set up its faculty in Singapore. As head of the Singapore faculty, Felder is committed to making the dreams of her students a reality by exposing them to world-renowned chefs and nurturing in them a healthy relationship with food, while respecting their culinary heritage. “These young people love Asian food and work in concepts that honor their heritage,” she said. Because land-scarce Singapore imports 90% of its food, CIA understands the huge challenge of imparting the need to create nutritious and top-quality dishes. To her delight, the government and large food brands agree that chefs can play an important role in forming policies on food safety and production. Through its partnership with Temasek Polytechnic and Singapore Institute of Technology, CIA, under Felder, will produce the next generation of leaders in Singapore’s food industry and culinary scene.
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 - section_summaryWhat has it been like for America's top culinary school to operate in Singapore, now one of the world's leading food destinations? In an interview with GMI POST, chef and educator Eve Felder shared her experiences as the managing director of the Culinary Institute of America's (CIA) faculty in Singapore for more than 14 years.
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 - titleSingapore and China want closer partnerships in sustainability
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 - descriptionDuring the 2nd China-Singapore Green Finance Taskforce meeting last month, the Monetary Authority of Singapore (MAS) and People's Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between their two countries.
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 - contentDuring the 2nd China-Singapore Green Finance Taskforce meeting last month, the Monetary Authority of Singapore (MAS) and People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between their two countries. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-7-SG-Monetary-Authority-Gillian-Tan-Chief-Sustainability-Officer.jpg" alt="" /> <figcaption class="image-caption">Monetary Authority of Singapore Chief Sustainability Office Gillian Tan</figcaption> </figure> The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonization rating platform. The two sides also discussed emerging areas of interest, including nature and biodiversity, ESG data model interoperability, and the use of AI and advanced data analytics to facilitate the collection, access and optimization of high-quality ESG data to drive green efforts. According to a statement to local media, MAS Chief Sustainability Office Gillian Tan, who co-chairs the task force with China Green Finance Committee Chair Dr. Jun Ma, said: “The GFTF is a key platform for China and Singapore to jointly develop concrete and meaningful initiatives to advance green finance cooperation.” “The wide range of deliverables announced today is a testament to the strong collaboration between MAS, PBC, and industry partners from both countries and our shared ambition to mobilize the financing required for an effective transition to net zero in the region,” Tan added.
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 - section_summaryDuring the 2nd China-Singapore Green Finance Taskforce meeting last month, the Monetary Authority of Singapore (MAS) and People's Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between their two countries.
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 - titleBreeding unicorns: A look into Singapore's thriving startup scene
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 - descriptionDubbed the "Silicon Valley of Asia", Singapore has developed a startup ecosystem that has outshined its Southeast Asian neighbors, closing last year with a total deal volume of $6.1 billion. Of the world's top 100 tech firms, 80 have selected the Lion City as their home.
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 - contentDubbed the “Silicon Valley of Asia”, Singapore has developed a startup ecosystem that has outshined its Southeast Asian neighbors, closing last year with a total deal volume of $6.1 billion. Of the world’s top 100 tech firms, 80 have selected the Lion City as their home. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-6-SG-Unicorns.jpg" alt="" /> <figcaption class="image-caption">Singapore proves to be an attractive hub for high-quality startups.</figcaption> </figure> Singapore’s startup success is built on the government’s robust support and its global reputation for efficient governance, strict rule of law, highly-skilled labor, and top-quality educational system. According to the Economic Development Board of Singapore, the city-state’s startup ecosystem ranked 17th globally and 5th in Asia in terms of value, growing to an impressive $22.5 billion as compared to the global average of $13.68 billion. Development Asia, a platform run by the Asian Development Bank, identified the following elements behind Singapore’s vibrant entrepreneurial ecosystem: (1) startup financing, (2) sound regulatory and legal environment, (3) low corporate tax rates, (4) mentorship and network opportunities, and (5) innovative public policy. Singapore’s effective private and public sector framework has supported not only venture capitalists and tech startups, but also its manufacturing industry. Among those who have benefitted from Singapore’s innovation-driven development are SP Manufacturing and CAM Resources, which have developed state-of-the-art equipment and solutions to meet the demands of startups.
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 - section_summaryDubbed the "Silicon Valley of Asia", Singapore has developed a startup ecosystem that has outshined its Southeast Asian neighbors, closing last year with a total deal volume of $6.1 billion. Of the world's top 100 tech firms, 80 have selected the Lion City as their home.
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 - titleSingapore: Walking on the digital cloud
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 - descriptionArtificial intelligence has never been cooler. Forbes Business Council has reported that more than 250 million companies worldwide have adopted AI to improve their operations. As more companies and countries embrace AI and explore how best it will benefit them, one nation recognized its advantages eight years ago. We're talking about Singapore.
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 - contentArtificial intelligence has never been cooler. Forbes Business Council has reported that more than 250 million companies worldwide have adopted AI to improve their operations. As more companies and countries embrace AI and explore how best it will benefit them, one nation recognized its advantages eight years ago. We’re talking about Singapore. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-4-SG-Digital-Cloud.jpg" alt="" /> <figcaption class="image-caption">Singapore leads the world in the development and adoption of AI (Source: Canva)</figcaption> </figure> Before ChatGPT and generative AI gained global traction over the last few years, Singapore had seen that AI technology could revolutionize its important sectors, such as education, healthcare, banking, and finance. According to Singapore’s Personal Data Protection Commission, the city-state was among the first countries in the APAC region to adopt AI. As early as 2016, the government was looking into how it could use chatbots in public services using Microsoft technology. Then in 2019, it published AI Verify, the first set of guidelines in Asia for ethical AI use. Fast forward to today, Singapore has distinguished itself in the global community for how it uses AI in disease diagnosis, pharmaceutical development, personalized customer support, and edge computing. The public’s familiarity with the concept of big data, coupled with innovation-driven initiatives from corporations and government institutions, has hastened the advancement of AI in Singapore and the rest of the world. According to Oxford’s Government AI Readiness Index 2023, Singapore has a readiness index of 81.97 out of 100, much higher than the regional average of 55.49. Statista projects that the AI market will account for 33.38% of Singapore’s GDP by 2030. Meanwhile, Manpower Minister Tan See Leng said Singapore was investing $1 billion over the next five years into a national AI strategy to develop the advanced tech industry and equip its citizens with the needed skills.
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 - section_summaryArtificial intelligence has never been cooler. Forbes Business Council has reported that more than 250 million companies worldwide have adopted AI to improve their operations. As more companies and countries embrace AI and explore how best it will benefit them, one nation recognized its advantages eight years ago. We're talking about Singapore.
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 - titleSingapore: A fertile ground for Edtech
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 - descriptionGlobally, education technology (Edtech) is a rapidly growing sector. According to Precision Report's EdTech Market Research Report 2024, the global Edtech market size was valued at $115 billion in 2021 and is expected to reach $467 billion by 2027.
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 - contentGlobally, education technology (Edtech) is a rapidly growing sector. According to Precision Report’s EdTech Market Research Report 2024, the global Edtech market size was valued at $115 billion in 2021 and is expected to reach $467 billion by 2027. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-2-SG-Education.jpg" alt="" /> <figcaption class="image-caption">Starting them young: Singapore's education system has gained admiration from around the world.</figcaption> </figure> Singapore has stood out as one of the most fertile grounds for the sector’s growth. The origins of Singapore’s thriving Edtech sector can be traced back to 2014, when the country’s national government enacted its Smart Nation initiative, which required schools to incorporate innovation and technology in the daily lives of Singaporean families. According to UNESCO, the challenge for schools was to create meaningful learning experiences that reflected such integration, which meant that highly qualified faculty must constantly be engaged in research and innovation. Otherwise, how can one teach about advancements while experiencing none? Since the enactment of the Smart Nation initiative, there have been more than 790 Edtech startups launched in Singapore. Today, the government continues to invest heavily in training its future labor pool. Aside from encouraging life-long learning, the city-state’s government has also rolled out other initiatives to boost the growth of Edtech in Singapore, like an ICT masterplan, infrastructure upgrades, accelerator programs, increased connectivity in schools, and access to learning resources and opportunities for collaborations for schools and startups. Those looking to start or invest in an Edtech venture will reap many benefits by betting on Singapore.
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 - section_summaryGlobally, education technology (Edtech) is a rapidly growing sector. According to Precision Report's EdTech Market Research Report 2024, the global Edtech market size was valued at $115 billion in 2021 and is expected to reach $467 billion by 2027.
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 - title3 core values that shape Singapore's strong economy
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 - descriptionIt's no accident the world's most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism.
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 - contentIt’s no accident the world’s most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-1-SG-SICC-CEO-Victor-Mills.jpg" alt="" /> <figcaption class="image-caption">Singapore International Chamber of Commerce CEO Victor Mills</figcaption> </figure> As of 2023, Singapore ranked 4th among 64 countries in the World Competitive Index, surpassed only by Denmark, Ireland, and Switzerland. In an interview with GMI POST, Singapore International Chamber of Commerce CEO Victor Mills explained that because of a scarcity of natural resources, Singapore’s private, public, and non-government sectors have had to collaborate closely to achieve its economic strength. “Industrial relations are no longer adversarial like they were in the 50’s. They’re consensual because everybody realizes that we’re all in the same boat. The answer is to work together. Similarly, there is racial and religious harmony. We’re a multiracial society,” Mills said. Harmony. Intention. Partnership. Those three words are simple enough to be appreciated by elementary school children. Yet, the same words characterize Singapore’s economic policies, world-class infrastructure, highly skilled workforce, and leadership in innovation. By adhering to those core values, Singaporeans have entered into a social contract that secures a good quality of life for its people. Among the key stakeholders, SICC contributes to the strong social and economic framework by being strategic and innovative. Mills explained that over the years, the organization has served both local and multinational corporations, positioning it as a “Singaporean chamber with a global perspective”. Currently, SICC has partnered with the Singaporean American School. The collaboration aims to benefit industries with a special focus on the education sector. 
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 - section_summaryIt's no accident the world's most recognizable brands are present in Singapore. With a total land area of only 734.3 sq. Km., the island state is dubbed The Little Red Dot. But, what the country lacks in size, it makes up for in economic dynamism.
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 - titleCanadian group seeks more investment opportunities in Cambodia
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 - descriptionOntario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.
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 - contentOntario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" /> <figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption> </figure> During the meeting, Manet pointed out that the Cambodia Chamber of Commerce had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries. “Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said. The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country. Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.
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 - section_summaryOntario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.
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 - titleCodingate: The guiding hand of Cambodian SMEs
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 - descriptionThe COVID pandemic pushed Cambodian businesses to see digital transformation as a need rather than a luxury. SMEs, in particular, faced the biggest challenges in making the transition because of additional costs, the rapid pace of innovation, and resistance to change. They needed a guide to navigate the complexities of digital transformation.
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 - contentThe COVID pandemic pushed Cambodian businesses to see digital transformation as a need rather than a luxury. SMEs, in particular, faced the biggest challenges in making the transition because of additional costs, the rapid pace of innovation, and resistance to change. They needed a guide to navigate the complexities of digital transformation. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-10-CAMB-Codingate.jpg" alt="" /> <figcaption class="image-caption">Codingate Chairman and Co-Founder Sopheakmonkol Sok (Photo source: Codingate)</figcaption> </figure> Established in 2013, Codingate became a household name in Cambodia’s IT sector, having delivered more than 500 projects and winning numerous awards in the process by providing innovative digital solutions to clients, including custom software that uses AI. Its AI-powered technology has helped SMEs streamline their operations, boost efficiency, and lower costs. “We start the digitalization process by introducing advanced technology into one aspect of the business and then gradually build a unified system that centralizes management. Our clients appreciate this approach as it allows for a smooth, gradual digital transformation,” Codingate Chairman and co-founder Sopheakmonkol Sok told GMI POST. Instead of imposing its solutions on SMEs, Condingate has helped young entrepreneurs by developing software and processes that fit into the core functions of their businesses. “Digital transformation is not just about the strength of the technology or the expertise of the service provider. It’s also about how well it supports the governance of the business. We strive to deliver transformations that will benefit our clients for decades, rooted in their governance values,” Sok stressed. Looking ahead, Codingate is committed to introducing the latest solutions that will support the growth of SMEs in the country. Codingate developed Gatemaster AI, a proprietary business advisory technology designed to help businesses analyze vast amounts of data and detect key market trends, customer behavior, and industry benchmarks, thus providing scalable and cost-effective solutions. “Gatemaster leverages the power of generative AI to craft tailored business solutions for our clients based on comprehensive market trend analysis,” Sok said. Another game-changing solution in the pipeline is Gatecommerce Digital Solution, a suite of proprietary tools and features aimed at revolutionizing SMEs’ e-commerce operations by digitalizing the entire purchasing process for end-users. “Our latest e-commerce solution is user-friendly even for companies with minimal experience. We see it as a powerful tool to further digitalize Cambodia’s economy,” Sok said.
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 - titleTop Cambodian lawyer shares insights on purposeful leadership
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 - descriptionA senior partner in a well-known law firm in Cambodia, Khieu Mealy has been recognized as one of the best intellectual property experts by various organizations in the country and Southeast Asia, like CMO Asia and Asia Law.
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 - contentA senior partner in a well-known law firm in Cambodia, Khieu Mealy has been recognized as one of the best intellectual property experts by various organizations in the country and Southeast Asia, like CMO Asia and Asia Law. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-8-CAMB-Sok-Siphana-Khieu-Mealy-Senior-Partner-.jpg" alt="" /> <figcaption class="image-caption">Sok Siphana & Associates Senior Partner Khieu Mealy (Photo source: Sok Siphana & Associates)</figcaption> </figure> Alongside her professional commitments at Sok Siphana & Associates, Mealy helps form the country’s future leaders by acting like a wise ming (aunt) to young women looking for a mentor. “In my view, all of us are leaders no matter where we are standing or what we do,” she said. With a staff comprising mostly young females, Mealy has taken it upon herself to coach and motivate them to become respected members of Cambodia’s legal sector. “When we recruit, we focus on developing their character and behavior. I encourage my staff to stay informed about market trends, join business networking events, and find ways to differentiate themselves,” she explained. In the early 1990s, Mealy spent four years as a housewife in Geneva to husband Sok Siphana, who had held various positions in government as a minister and worked as legal adviser to some international organizations, before opening the law firm in 1998 and overseeing its expansion outside the capital Phnom Penh. That career change came with some challenges. “My introverted nature was a key internal challenge in the early stages. I was reluctant to reach out to people and felt stressed when setting appointments with high-ranking government officials. Language was another barrier as English is not my mother tongue,” she said. These challenges, however, taught Mealy many important life lessons and honed her business acumen “From my challenges, I have learned to be mindful of the environment and be proactive in dealing with issues,” she said. Consistent and transparent communication with stakeholders at all levels also helped her apply these lessons effectively, in addition to forming strong and dynamic teams. “I strongly believe that I cannot do everything alone and need people who share my vision and mission to achieve our collective ambitious objectives,” Mealy said. By creating a workplace that is open, constructive, and feedback-oriented, Mealy empowers her staff to make decisions and, take risks, thus giving them the space and opportunity to excel. She and he staff live by two important values: fairness and well-being. For the next generation of young female entrepreneurs and professionals, Mealy’s advice is simple: “Know your self-worth and assess your strengths and weaknesses fairly. Never be afraid of grabbing opportunities and hesitating to reach out for advice when faced with challenges.”
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 - section_summaryA senior partner in a well-known law firm in Cambodia, Khieu Mealy has been recognized as one of the best intellectual property experts by various organizations in the country and Southeast Asia, like CMO Asia and Asia Law.
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 - title3 tips for startup founders in emerging markets
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 - descriptionA key element in Cambodia's five-pronged long-term development plan is the strengthening of the country's digital economy by expanding connectivity, broadening digital payment systems, and facilitating last-mile logistics services, among other steps.
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 - contentA key element in Cambodia’s five-pronged long-term development plan is the strengthening of the country’s digital economy by expanding connectivity, broadening digital payment systems, and facilitating last-mile logistics services, among other steps. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-6-CAMB-Startups.jpg" alt="" /> <figcaption class="image-caption">Home to around 600 tech startups, Cambodia is quickly becoming a popular destination for startup investments.</figcaption> </figure> Internet penetration among the youth, who make up most of the population, is robust at 85%, creating a wealth of opportunities for digital products and services. The present situation has given startups an advantage over traditional businesses in terms of scalability, efficiency, and quick adaptability to shifting market trends. By embracing digital transformation from the outset, new organizations can streamline workflows by automating tasks, strategizing supply chain effectively, and developing new growth models. Startups often worry about the cost of new embracing technologies. But, the beauty of digital transformation is that it doesn’t have to be expensive. Here are three ways startups in emerging markets can adapt digital transformation without breaking the bank: Innovate with your target consumer from the get-go Invite possible users of your solution to collaborate during the strategy’s conception, evaluation, and development stages. Known as “co-creation,” the process involves using customer input throughout the product development cycle. The best innovations respond to customers’ needs identified through this collaborative process. By doing this, startups avoid the temptation of creating solutions simply because they are popular. Design a scalable and adaptable business model Startups should continually evaluate if their business model is scalable and adaptable to sudden changes in the market. Workflows should be optimized for unexpected increases in demand, and reliance on manual resources should be minimized in case of supply issues. Organizations must consider their ability to respond quickly to external opportunities and threats. An integral part of digital transformation is using technology to innovate business models and be ready for any changes. Empower your team with the tech they need, not the tech you want Simply adopting the latest technology for the sake of having it is not digital transformation. Does your team need an AI-powered CRM? Will installing an automated time-tracking software help with their productivity? Startup founders need to think about the problems their teams face before introducing any new technology. Doing so will foster a culture where creativity, trust, and collaboration are welcomed. Start by assessing their challenges and pain points to identify areas for innovation.
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 - titleThe secret to winning Japanese clients: Lessons from Cambodia's top law firm
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 - descriptionAmid a continuing influx of foreign investment, Cambodia is undergoing a significant transition. Three years ago, the government enacted a law that laid out new regulations to attract more international investors and make the country more competitive globally.
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 - contentAmid the continuing influx of foreign investment, Cambodia is undergoing a significant transition. Three years ago, the government enacted a law that laid out new regulations to attract more international investors and make the country more competitive globally. Following this, it implemented new policies to diversify its base of foreign investors. Among the leading partners that stand out is Japan. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-5-CAMB-DSM-DSM-Managing-Partner-Sovicheany-Pheng.jpg" alt="" /> <figcaption class="image-caption">Davies SM Managing Partner Sovicheany Pheng (Source: DSM)</figcaption> </figure> Celebrating the 70th anniversary of their bilateral ties, Cambodia and Japan are expanding their cooperation. Prominent companies like Toyota Tsusho Manufacturing, Aeon Mall, and Minebea are reinvesting significantly in the country. And local law firms play a crucial role in supporting these investments and helping investors navigate the complexities of the local business environment. Davies SM Attorney At Law (DSM) has stood out among the competition for providing quality legal services to multinationals, government agencies, and foreign investors. In an interview with GMI POST, Managing Partner Sovicheany Pheng outlines three ways the firm has attracted and retained Japanese clients. Be a partner for growth Pheng emphasizes the importance of being an investment ally rather than just a legal partner. DSM tailors solutions for clients based on evolving trends and risks in the dynamic business environment. Instead of adopting a one-size-fits-all approach, it understands each client's goals and customizes its services to address specific challenges. “The goal of DSM is to grow with our partners as a team. Through our quality and effective legal services, we assist all foreign investors, like the Japanese, navigate the complexities of an emerging market,” she said. Map out a detailed, compliant-oriented approach DSM guarantees that its work is comprehensive, covering everything from legal advice and feasibility studies to tax considerations at the pre-investment stage. This meticulous approach appeals to Japanese clients who prioritize thoroughness and compliance. “In our experience, the Japanese are compliant, systematic, and rule-driven. What sets us apart is our ability to present a basket of unique and innovative legal solutions that comply with national regulations at low costs,” Pheng said. Build trust through collaboration Pheng stressed that collaborating with other Japanese legal firms can help cultivate trust among potential Japanese clients. DSM’s team is made up of top lawyers adept in both national and international legal intricacies, ensuring that clients, especially foreign investors, have a holistic understanding of the local market and receive services that meet their high standards. “Our firm aims to collaborate with Japanese law firms to better serve Japanese clients who want to expand in Cambodia and appreciate local sensibilities in their solution. We want the Japanese to know they can trust us like their own” she said.
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 - section_summaryAmid a continuing influx of foreign investment, Cambodia is undergoing a significant transition. Three years ago, the government enacted a law that laid out new regulations to attract more international investors and make the country more competitive globally.
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 - title3 ways Cambodian businesses can use Open AI's latest tool
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 - descriptionLaunched just this February, Open AI's Sora can produce multi-shot clips of a minute or longer using nothing more than a text prompt. This generative AI technology made headlines around the world for its ability to create commercial-quality videos in a matter of seconds.
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 - contentLaunched just this February, Open AI’s Sora can produce multi-shot clips of a minute or longer using nothing more than a text prompt. This generative AI technology made headlines around the world for its ability to create commercial-quality videos in a matter of seconds. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-4-CAMB-Open-AI.jpg" alt="" /> <figcaption class="image-caption">OpenAI CEO Sam Altman introduces Sora (Source: PC Magazine UK)</figcaption> </figure> With Sora’s easy deployment, low cost, and lightweight infrastructure demands, the AI tool has become a marketing must-have for businesses everywhere, particularly in Cambodia.In an interview with Khmer Times, officers of Phnom Penh-based IT company Epenh and Cambodian Commercial Bank talked about how Cambodian businesses can use Sora to revolutionize their content and marketing strategies. Transform content creation dynamics “Expressing content in video formats will give businesses an edge in their campaigns and opens doors for diverse opportunities, from content creation to advertising to explaining product know-how to end users,” said Epenh Co-Director Nigel Miranda. According to him, Sora’s ability to create realistic and high-quality videos is a tremendous opportunity for businesses to quickly test and refine their content and ads for their respective target audiences. Target marketing on a limited budget Cambodian Commercial Bank Head of IT Kishore Kumar Muniswamy highlighted that businesses across all sectors can leverage Sora to save time and resources instead of resorting to traditional video production methods. According to OpenAI’s pricing, a one-minute 30 FPS video will cost around $216 or $ 0.12 per frame. Meanwhile, Vidico reports that on average, a one-minute video advertisement ranges from $1,000 to more than $50,000. Enhancing education delivery methods Sora’s creative capabilities offer edtech businesses and educational institutions the opportunity to develop engaging and interactive learning materials that capture learner attention. “This represents a potential way to make education more accessible and visually appealing for students,” Muniswamy said. Beyond enhancing student engagement, Sora can also raise awareness of different cultures by generating videos with text overlays in various languages. “This will revolutionize the way we perceive the world and consume video, audio, and other represented media content,” Miranda said.
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 - section_summaryLaunched just this February, Open AI's Sora can produce multi-shot clips of a minute or longer using nothing more than a text prompt. This generative AI technology made headlines around the world for its ability to create commercial-quality videos in a matter of seconds.
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 - titleWhat Cambodia's honey industry can teach businesses
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 - descriptionIn 2021, Cambodia's government awarded its first geographic indication (GI) label for the wild honey harvested in Mondulkiri Province. The protected GI label, granted to local products with distinctive regional qualities, has elevated the profile of Cambodian honey on the global stage.
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 - contentCambodia’s honey industry has experienced steady growth in recent years. In 2021, the government awarded its first geographic indication (GI) label for the wild honey harvested in Mondulkiri Province. The protected GI label, granted to local products with distinctive regional qualities, has elevated the profile of Cambodian honey on the global stage. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-3-CAMB-Honey.jpg" alt="" /> <figcaption class="image-caption">Cambodia Honey Association Executive Director Sem Sreytouch</figcaption> </figure> Although varieties like Modulkiri money have been harvested in Cambodia for centuries, efforts to streamline and formalize the industry’s value chain are relatively recent and spearheaded by the Cambodia Honey Association (CHA), the main advocacy group representing the sector’s stakeholders. In an interview with GMI POST, CHA underscored the necessary steps to invigorate the industry while providing insight into navigating business in an emerging market landscape. Collaboration over competition CHA Executive Director Sem Sreytouch emphasizes the importance of shifting industry stakeholders’ mindset from competition to collaboration. “One of our main advocacies is to enact a change in mindset among Cambodian honey growers, apiaries, and other stakeholders in the value chain. A united front is required to elevate the overall standards of the Cambodian honey industry” she said. Prioritize capacity building Peter Batt, Ph.D of Curtin University, also a fellow of the International Horticultural Congress, stressed the need for education and capacity-building at the grassroots level in emerging markets like Cambodia. “A key aspect of addressing challenges in Cambodia, particularly within the honey industry, was capacity building of smallholder farmers and empowering those farmers with basic and practical skills to help them grasp what it takes to thrive in trade,” he said. Explore untapped resources CHA also highlighted Cambodia's rich geographic diversity as a wellspring of untapped potential for future GI labels, such as honey from the lesser-known Tonle Sap Lake region. Dr. Try Yong, a beekeeping expert and an advisor to the Royal Ministry of Agriculture, underscored Cambodia’s abundance of untapped honey collection areas in the rest of the country. “Regions like Tone Sap Lake and the western coasts offer promising opportunities. Despite the vast forests from which much of our honey originates, many areas lack GI certification, signaling significant untapped potential and future business opportunities for our kingdom,” he said.
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 - section_summaryIn 2021, Cambodia's government awarded its first geographic indication (GI) label for the wild honey harvested in Mondulkiri Province. The protected GI label, granted to local products with distinctive regional qualities, has elevated the profile of Cambodian honey on the global stage.
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 - title3 reasons Japan-Cambodia education partnerships are thriving
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 - descriptionAs Cambodia and Japan commemorate 70 years of diplomatic relations, the two nations look forward to a new era in their partnership as they seek fresh fields of collaboration. More and more Japanese recognize Cambodia's untapped potential and hope to play a role in the development of its population.
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 - contentAs Cambodia and Japan commemorate 70 years of diplomatic relations, the two nations look forward to a new era in their partnership as they seek fresh fields of collaboration. More and more Japanese recognize Cambodia’s untapped potential and hope to play a role in the development of its population. For instance, the increased prominence of the Institute of Technology of Cambodia among the expatriate population reveals three key reasons Cambodia’s educational landscape has attracted the attention of the Japanese community. The population is young, growing and mobile CiteSeerX reports that nearly 70% of Cambodians are 29-years old and younger. “Among Cambodia’s younger generation, the literacy rate is reported to be quite high because of increasing opportunities for education. The gender gap among young adults is not so substantial, although some age group differences exist,” Japan International Cooperation Agency said in its 2023 Country Study. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-2-CAMB-Japan-Education.jpg" alt="" /> <figcaption class="image-caption">Institute of Technology of Cambodia Rector Dr. Po Kimtho (left) and Kanazawa University President Takashi Wada (right)</figcaption> </figure> “This implies that very well-targeted literacy education by age, sex, geography, time of the class, and contents of the class will likely bring about significant domestic and foreign partnerships in Cambodia’s education sector,” the study added.An example of such a partnership is that between ITC and Panasonic Cambodia. ITC is one of only two institutions in the kingdom to receive scholarships from Panasonic Cambodia, the local subsidiary of Japanese tech giant Panasonic Group. Panasonic Cambodia Country Head Yosunoby Matsumoto said the initiative will be a means to “maximize workforce potential, fostering growth, and nurturing the next generation of leaders.” According to Matsumoto, Panasonic Cambodia recognizes the talented local science and technology students and continues to invest in their capacity building to develop the next generation of technology business leaders that will allow them to participate in a global economy. It is open to international collaboration Cambodia is home to more than 128 higher education institutions, at least 45 of which (including ITC) have active international partnerships with universities and organizations abroad. ITC’s outreach activities have helped position itself as an ideal partner for Japanese ventures. Last year, the deputy director of ITC, along with six other academic delegates, visited the Tokyo Institute of Technology (Tokyo Tech), to partake in the training course “Project for Strengthening Engineering Education and Research for Industrial Development in Cambodia,” organized by JICA. Subsequently, JICA formalized an agreement with ITC to strengthen engineering education and research in industrial development in Cambodia A growing vocationally and technically proficient workforce “Strengthening technical and vocational training is pivotal to attracting Japanese investment in Cambodia,” said Labor and Vocational Training Minister Heng Sour, who urged JICA to persist in developing human resources in these domains, a statement that JICA President Sanui Kazumasa agreed with. ITC, a partner of JICA, produces approximately 3,700 undergraduate and graduate students specializing in science, technology, and engineering.
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 - section_summaryAs Cambodia and Japan commemorate 70 years of diplomatic relations, the two nations look forward to a new era in their partnership as they seek fresh fields of collaboration. More and more Japanese recognize Cambodia's untapped potential and hope to play a role in the development of its population.
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 - titleVisit Siem Reap 2024: Cambodia's next ace in tourism
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 - descriptionWith a blend of natural, cultural, and historical wonders, among them the 900-year-old Angkor Wat, a UNESCO World Heritage Site, Cambodia offers well-preserved archeological sites, a vibrant urban scene, and relaxing tropical resorts.
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 - contentCambodia, also known popularly as the Kingdom of Wonder, is regarded by the travel industry as among Southeast Asia’s most popular tourism destinations. With a blend of natural, cultural, and historical wonders, among them the 900-year-old Angkor Wat, a UNESCO World Heritage Site, the country offers well-preserved archeological sites, a vibrant urban scene, and relaxing tropical resorts. <figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-1-CAMB-Tourism-Minister-Sok-Soken.jpg" alt="" /> <figcaption class="image-caption">Tourism Minister Sok Soken</figcaption> </figure> The kingdom continues to attract more travelers from around the world. In 2023, Cambodia saw a 156% increase in tourism arrivals from the previous year, making it one of Asia's top most-visited countries. This growth in the country’s tourism sector is predicted to become a major pillar of Cambodia’s economic growth, The Asian Development Bank projects Cambodia's economy to grow from 5.8% in 2024 to 6.0% in 2025. Behind this success story is Cambodia’s Ministry of Tourism, which has launched promotional campaigns and innovative strategies that target international visitors. Following the successful campaigns in the previous years, the government announced its newest initiative, Visit Siem Reap 2024. Anchored around the world-famous Angkor Archaeological Park, the campaign will showcase the splendor of its home Siem Reap, and further elevate the ancient site into a must-visit destination on the global tourism map. “The Visit Siem Reap 2024 campaign, together with our other activities, will help us initiate more tourism activities with priority markets. There will be a lot of cultural activities, and interaction at the government, private, and business sector levels. With the coordination of the Ministry of Tourism, all the engagement activities will be on the horizon,” said Tourism Minister Sok Soken during the launch held at Angkor Wat. Echoing his sentiment, Prime Minister Hun Maten pledged his support for the campaign, which envisions annual events in Siem Reap province and the transformation of the local Phnom Kulen National Park into “an attractive destination for cultural, natural, adventure and religious tourism.” Thourn Sinan, chairman of the Pacific Asia Travel Association Cambodia Chapter, also outlined a strategic roadmap for the success of the Visit Siem Reap 2024 campaign, which includes developing an evocative brand identity that highlights the unique cultural experiences of Siem Reap, launching a multilingual website and social media channels, partnering with influencers in key markets, and distributing promotional materials globally through airline partnerships and travel agencies. “By comprehensively implementing these strategies across marketing, experiences, and sustainability, Siem Reap aims to become Southeast Asia’s most vibrant cultural destination, protecting heritage and inspiring visitors through authentic encounters with Khmer civilization,” he said.
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 - section_summaryWith a blend of natural, cultural, and historical wonders, among them the 900-year-old Angkor Wat, a UNESCO World Heritage Site, Cambodia offers well-preserved archeological sites, a vibrant urban scene, and relaxing tropical resorts.
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 - titleNY-based AI med tech startup raises $50 million
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 - descriptionK Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.
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 - contentK Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" /> <figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption> </figure> K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States. The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care. Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app. According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care. “K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained K Health founder and CEO Allon Bloch. “When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added. Meanwhile, Claure Group Founder and CEO Marcelo Claure said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."
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 - section_summaryK Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.
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 - titleMaestro Technologies: Companies must be adaptable and transformative
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 - descriptionTo understand why digital transformation is now a critical component of success for businesses everywhere, GMI POST sat down with Maestro Technologies Inc. Managing Director Kamal Bathla.
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 - contentIn today's fast-paced digital era, keeping up with trends is not a strategy but a necessity. Forbes reports that moving into the digital space and focusing on customer experience can raise customer satisfaction by 20-30% and boost revenues by 20-50%. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-10-NYNJ-Maestro-Tech.jpg" alt="" /> <figcaption class="image-caption">Kamal Bathla (right) with Paul Ceppi, former Banking and Community Development Director of the New Jersey Economic Development Authority, during the opening of Maestro Technologies' headquarters in Trenton, New Jersey in 2017. (Photo source: New Jersey Economic Development Authority)</figcaption> </figure> To understand why digital transformation is now a critical component of success for businesses everywhere, GMI POST sat down with Maestro Technologies Inc. Managing Director Kamal Bathla. Founded in 1989, Maestro Technologies is an IT solutions provider that excels in automation, system integration, consulting services, and e-commerce solutions. Its team comprises seasoned professionals with a deep understanding of the ever-evolving IT landscape. “If you look at every single market, you realize that companies have to be adaptable and transformative. We can't build or rebuild an ISP, but what we can do is stay ahead of the game, identify the trend, and provide help to companies who are moving that route," Bathla said. Maestro is not just keeping up with current trends but also setting the pace in the IT industry by focusing on cutting-edge concepts such as AI. “With new concepts such as AI, cloud migration, cloud computing, and cloud integrations, all these come into play as they allow us to expand our knowledge of the new tech. Many don't have enough time to keep up with the changes, and what we do is see how the clients can benefit from the research we do,” Bathla said. By staying ahead of technological advancements and adapting to market needs, Maestro is helping businesses thrive in the age of e-commerce.
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 - section_summaryTo understand why digital transformation is now a critical component of success for businesses everywhere, GMI POST sat down with Maestro Technologies Inc. Managing Director Kamal Bathla.
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 - titleBent on taking New York, one bento box at a time
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 - descriptionFounded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City.
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 - contentFounded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-9-NYNJ-BentOn.jpg" alt="" /> <figcaption class="image-caption">BentOn founder and owner Toru Furukawa in the early years of his career (Photo Source: BentOn)</figcaption> </figure> Fueled mostly by ambition, Furukawa grew his business from a humble catering service into a culinary supplier for major events, garnering a loyal following in the wake of his success. From his signature bento boxes and donburi (rice bowls) to a variety of warm and cold noodles, BentOn’s menu is a showcase of authentic Japanese cuisine. Later on, BentOn began catering for larger gatherings with its party platters and bento styles tailored to fit any occasion and budget, all the while sticking to its commitment to quality and authenticity. “When I came to the U.S., not too many people knew what a bento box was. Now, more and more people have become familiar with it and now understand what a well-balanced lunchbox looks like,” Furukawa told GMI POST. Apart from popularizing the concept of bento in the United States, Furukawa has also redefined the meaning of healthy ready-to-eat meals for very busy urbanites accustomed to American-style fast food. BentOn's growth is marked by several notable milestones, including the introduction of bento on-demand and the opening of a state-of-the-art bento factory in Long Island, which prepares thousands of balanced and nutritious boxed meals daily for households across the country. Looking beyond the growth of his business, Furukawa also wants BentOn to engage more closely with the local community through collaborations with non-profit organizations and participation in local events. “I didn't have high expectations for the potential of a Japanese meal kit. But now, I have come to see that there's actually so much. I actually saw that the Midwest also has a big market for what I have to offer,” Furukawa said. Through his innovative approach and relentless pursuit of excellence, Furukawa has not only brought a taste of Japan to New York but has also made the bento box a beloved staple for lovers of Japanese food.
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 - section_summaryFounded originally as FUJI Catering in 2006, the Japanese ready-meal business BentOn began as a humble dream by Toru Furukawa, a third-generation bento (pre-packed meals) business owner from Tokyo who wanted to introduce traditional Japanese bento culture to New York City.
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 - titleWorld's largest vertical strawberry farm rises in New Jersey
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 - descriptionNew Jersey now hosts the world's first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup Oishii and founded by Japanese entrepreneur Hiroki Koga, whose mission is to "share the appeal of high-quality Japanese fruit with the world."
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 - contentNew Jersey now hosts the world’s first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup Oishii and founded by Japanese entrepreneur Hiroki Koga, whose mission is to “share the appeal of high-quality Japanese fruit with the world.” <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-8-Oishii-Co-founder-and-CEO-Hiroki-Koga.jpg" alt="" /> <figcaption class="image-caption">Oishii Co-founder and CEO Hiroki Koga</figcaption> </figure> The farm produces authentic, pesticide-free Japanese varieties of strawberries year-round, using AI to control environmental conditions like temperature, humidity, and light. This technology replicates the optimal harvest conditions found in Japan. Once the strawberries reach perfect ripeness, robots harvest them. The farm is sealed fully from the outside environment to prevent insect and germ contamination and maintain the purity of the harvest. The facility is also eco-friendly as it uses recycled water for irrigation and renewable energy for electricity. Koga was inspired to start Oiishii in 2016 shortly after arriving in the United States, dismayed by the local fruit industry’s focus on quantity over quality. Determined to introduce Japanese fruit culture to the country, he bought Omakase Berry seeds from the Japanese Alps to New York and set up the first indoor vertical strawberry farm in the state. Since starting production in 2017, Oishii’s strawberries have gained popularity for their distinct sweetness and aroma even if their prices are more than three times higher those of U.S. brands. In February, Oishii announced it had received around $126.5 million (20 billion Japanese yen) in funding from NTT Corp, Mizuho Bank, and other investors and will use most of the investment to build a new indoor strawberry farm.
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 - section_summaryNew Jersey now hosts the world's first and largest vertical strawberry farm, a 22,000-sq. km. facility operated by U.S-based startup Oishii and founded by Japanese entrepreneur Hiroki Koga, whose mission is to "share the appeal of high-quality Japanese fruit with the world."
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 - titleNew Jersey opens first investment promotion center in Asia
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 - descriptionChoose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.
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 - contentChoose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-8-NJ-Asia-Pacific-Center.jpg" alt="" /> <figcaption class="image-caption">Top officials and industry leaders attend the inauguration of the New Jersey Asia Pacific Center in Taipei, Taiwan. (Photo source: New Jersey Business Magazine)</figcaption> </figure> “With the historic inauguration of the New Jersey Asia Pacific Center, we are unleashing new possibilities and prosperity for our workers and families in New Jersey, in Taiwan, and across the Asia Pacific region,” said Gov. Phil Murphy. Present at the event was Choose New Jersey President and CEO Wesley Mathews, who said, “The opening of the New Jersey Asia Pacific Center marks a critical milestone in our efforts to enhance our presence in some of the world’s most significant economic markets.” Mathews also expressed his excitement about sharing the advantages of New Jersey's world-class talent, location, and innovation-driven economy with partners in the Asia Pacific. In a video message, Taiwan Vice President Hsiao Bi-khim, a former New Jersey resident, highlighted the center's potential to boost trade and investment. “I am confident that the opening of the New Jersey Asia Pacific Center will provide strong momentum in boosting trade, investment, and people-to-people ties between Taiwan and the Garden State,” she said. The center, headed by Sam Lin, is the group’s fifth international office, joining others in India, Israel, Germany, and Ireland. Lin stressed the center’s role in facilitating increased trade and collaboration, particularly in sectors crucial to New Jersey's economic success, such as technology, life sciences, and clean energy. The event also featured remarks from Taiwanese Foreign Ministry Secretary General Daniel Diann-Wen Tang, who told those present, “We appreciate Governor Murphy’s decision to establish New Jersey’s first Asia Pacific Center in Taiwan as it reflects the strategic understanding of Taiwan’s role as a gateway to the broader Indo-Pacific region.”
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 - section_summaryChoose New Jersey inaugurated last month an Asia Pacific Center in the Taiwanese capital Taipei in line with its goal to deepen cultural ties with Taiwan, Japan, South Korea, and China and attract Asian investment to the U.S. state.
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 - titleEnveritas: Pioneering sustainable practices in coffee and cocoa farming
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 - descriptionA trailblazer in sustainability assurance, Enveritas is transforming the coffee and cocoa sectors by providing comprehensive insights into the social, economic, and environmental practices of smallholder farms.
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 - contentA trailblazer in sustainability assurance, Enveritas is transforming the coffee and cocoa sectors by providing comprehensive insights into the social, economic, and environmental practices of smallholder farms. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-7-NYNJ-Enveritas-CEO-David-Browning.jpg" alt="" /> <figcaption class="image-caption">Enveritas CEO David Browning</figcaption> </figure> Each year, Enveritas visits over 100,000 farms across more than 30 countries in Asia, Africa, and Latin America, allowing them to capture a detailed picture of the conditions and challenges faced by farmers around the world. The organization collaborates with leading coffee roasters and chocolate companies, assessing and understanding the sustainability issues within their supply chains based on Enveritas' rigorous standards. Notably, the companies shoulder the costs of these assessments and not the farmers. This inclusive approach enables small farmers to access sustainability-based export markets, from which they might otherwise be excluded. Enveritas awards a responsible sourcing claim to companies that meet three critical steps: verification of purchases and traceability; annual sustainability assessments of sourcing areas; and continuous improvement investments proportional to the company’s purchases. “Around 2016, we were able to unlock new abilities to help understand what was happening on the ground and help farmers with satellite imagery. That was coupled with the evolution of deep learning,” he said. Enveritas CEO David Browning told GMI POST. According to the CEO, the new technology has enabled local producers to increase production at far lower cost and far higher quality, while observing sustainability practices. “This is how we re-engineered sustainability assurance and truly leverage technology to help farmers on the ground,” Browning said. "Our goal is to eliminate poverty in the coffee sector by 2030. There's about 12.5 million coffee farmers in the world and about half of those farms have an income below the poverty line,” he added. Enveritas helps these farmers by providing tech support that improves their productivity and training them on basic regenerative agricultural practices, like mulching and pruning.
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 - section_summaryA trailblazer in sustainability assurance, Enveritas is transforming the coffee and cocoa sectors by providing comprehensive insights into the social, economic, and environmental practices of smallholder farms.
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 - titleThis NY-based tech startup can give renters their dream home
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 - descriptionNamed one of Forbes' 30-Under-30 in 2015, American entrepreneur and investor Ankur Jain established his global reputation as a co-founder of Humin, an app that was later acquired by Tinder. Today, the 32-year-old oversees Bilt Rewards, the first-ever loyalty program that awards points to users for their rental payments and neighborhood spending.
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 - contentNamed one of Forbes’ 30-Under-30 in 2015, American entrepreneur and investor Ankur Jain established his global reputation as a co-founder of Humin, an app that was later acquired by Tinder. Today, the 32-year-old oversees Bilt Rewards, the first-ever loyalty program that awards points to users for their rental payments and neighborhood spending. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-6-NYNJ-Bilt-Rewards-Ankur-Jain-Founder-and-CEO.jpg" alt="" /> <figcaption class="image-caption">Bilt Rewards Founder and CEO Ankur Jain</figcaption> </figure> Seeing the financial challenges of renters living in New York, Jain wanted to create a pathway for them to eventually become homeowners. “The idea that you rent for many years but get no closer to homeownership made no sense,” the Bilt Rewards founder and CEO told INC. magazine. Launched in June 2021, Bilt Rewards boasts one of the highest-value rewards programs in the market today, offering one-to-one point transfers across more than 100 major airline and hotel partners. The program also includes fitness studios and exclusive, limited-edition artworks and home decor through the Bilt Collection. Earned points can be used towards rental payments or a downpayment on a future home . Bilt partnered with Mastercard and Wells Fargo to create the Bilt Mastercard, the first and only credit card that can be used to pay rent with no fees charged. “In 2022, we announced a valuation of $1.5 billion following a $150 million growth round to advance our loyalty program and credit card for renters,” he said. Reflecting on his professional history, Jain advises fellow entrepreneurs to persist through setbacks, citing Bilt's success in securing partnerships with major landlord groups like AvalonBay Communities and Related Companies. “We've created something that benefits everyone involved. It's about turning everyday transactions into meaningful opportunities for financial growth and stability,” said Jain, who is focused on expanding Bilt’s coverage and further empowering renters across the United States.
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 - section_summaryNamed one of Forbes' 30-Under-30 in 2015, American entrepreneur and investor Ankur Jain established his global reputation as a co-founder of Humin, an app that was later acquired by Tinder. Today, the 32-year-old oversees Bilt Rewards, the first-ever loyalty program that awards points to users for their rental payments and neighborhood spending.
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 - titleHow to earn the trust of Japanese businesses: A playbook from a NY law firm
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 - descriptionEpstein Becker & Green (EBG), a law firm with offices in New York and other major business centers across the United States, has nurtured a deeply loyal Japanese clientele in the country thanks to its commitment to understanding differences in business culture and delivering the desired results.
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 - contentEpstein Becker & Green (EBG), a law firm with offices in New York and other major business centers across the United States, has nurtured a deeply loyal Japanese clientele in the country thanks to its commitment to understanding differences in business culture and delivering the desired results. Established in 1971, EBG has mastered the strategy to retain its Japanese clients. Here is their three-pronged plan. Set up a team of experts <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-5-NYNJ-EBG-Law-Frances-Green-and-Ron-Green.jpg" alt="" /> <figcaption class="image-caption">Epstein Becker & Green Partner Frances Green (L) and Managing Partner Ron Green (R) (Source: EBG)</figcaption> </figure> Its Japanese Business Services team are specialized attorneys who travel regularly to Japan and have earned extensive experience working with Japanese clients. They are well-versed in the legal and business issues that face Japanese companies in the United States and stay abreast of emerging trends. Their proficiency in the Japanese language and their deep appreciation of Japanese culture and customs enable them to address the unique challenges and concerns of Japanese businesses in America. Understanding the population Partner Frances Green attributes the firm’s success with its Japanese clients to its dedication to knowing their culture and finding out what they need. “I was recruited to the firm because it had a four-decade-plus relationship with the Japanese, which was begun by Ron (Green). He was one of the first American attorneys to go to Japan, be among the Japanese population, and understand that the Japanese business community wanted to integrate itself more within the U.S.,” she recalled. Give the proper training "Regardless of the investment, in whatever sector, we have nearly 200 lawyers dedicated to managing every aspect of the process when it comes to human capital. While many other firms have done this type of work for the Japanese, no one has done it longer than we have,” said Managing Partner Ron Green. “We also have partners in our firm who regularly visit Japan and put on lectures on assimilation in the United States. They train rotating staff before they come here to at least lessen risks that they'll face when they build a company and manage a local workforce," he also said. Apart from combining legal expertise with cultural insight, EBG has maintained long-term ties with Japanese clients by also customizing its services according to their unique needs whenever necessary.
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 - section_summaryEpstein Becker & Green (EBG), a law firm with offices in New York and other major business centers across the United States, has nurtured a deeply loyal Japanese clientele in the country thanks to its commitment to understanding differences in business culture and delivering the desired results.
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 - titleBrewing success: How leadership catapulted Paradox Brewery to new heights
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 - descriptionParadox Brewery President and founder Paul Mrocka is widely credited for driving the New York-based to new levels of success through strategic planning, data-driven decision-making, and effective international partnerships.
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 - contentParadox Brewery President and founder Paul Mrocka is widely credited for driving the New York-based to new levels of success through strategic planning, data-driven decision-making, and effective international partnerships. According to Mrocka, data isn't just numbers at Paradox Brewery. It's a roadmap to success. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-3-NYNJ-Paradox-Brewery.jpg" alt="" /> <figcaption class="image-caption">Paradox Brewery President and founder Paul Mrocka</figcaption> </figure> In an interview with GMI POST, Mrocka emphasized their reliance on Information Resources, Inc. (IRI) data to understand market trends, consumer preferences, and competitor strategies. “We're very competitive in our prices and a data-driven company. We tell stories with this data that we buy. And we use that data to go to the buyer and talk to them about it,” he said. By leveraging IRI’s data, Paradox Brewery gains insights that shape its marketing strategies and product development, ensuring it stays ahead in the fiercely competitive craft beer market. Paradox Brewery isn't afraid to think big either. “You have to put the time in. You have to show up and get face-to-face with these people because there has to be a degree of comfort on both sides of the arrangement to buy beer from the other side of the planet,” Director of Operations Devon Hamilton said about plans to expand globally. By nurturing strong relationships with international partners, Paradox Brewery secures distribution channels and builds a global brand presence, Hamilton also said. For Paradox Brewery, success isn't just about reacting to market trends but about anticipating and shaping them. Through constant planning and adaptation, the company stays at the forefront of innovation, offering a diverse and appealing portfolio to its customers. “We all sit down, talk about what did well last year, what we think we should bring back for next year, what the upcoming trends are, and argue about what our portfolio will be,” Hamilton said. As Paradox Brewery expands both domestically and internationally, the skills and dedication of its leaders will ensure the New York brand remains a beloved brand in the craft beer industry.
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 - section_summaryParadox Brewery President and founder Paul Mrocka is widely credited for driving the New York-based to new levels of success through strategic planning, data-driven decision-making, and effective international partnerships.
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 - titleNew York wants more Japanese chipmakers in the state
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 - descriptionEmpire State Development (ESD), the umbrella organization for New York's two main economic development corporations, wants more Japanese chip industry suppliers to open operations in the state to support the upcoming manufacturing facilities of Micron Technology, the world's fourth-largest semiconductor company.
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 - contentEmpire State Development (ESD), the umbrella organization for New York's two main economic development corporations, wants more Japanese chip industry suppliers to open operations in the state to support the upcoming manufacturing facilities of Micron Technology, the world’s fourth-largest semiconductor company. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-3-Micron-NY.jpg" alt="" /> <figcaption class="image-caption">Empire State Development President Hope Knight (Source: Empire State Development)</figcaption> </figure> “Last year, we were able to attract Micron to central New York. With the large investment that Micron is making, $100 billion, we know that we have to build an ecosystem to support that activity. That's why we're here on this mission: to talk to Japanese firms, some of Micron's suppliers, to come and locate in New York,” ESD President Hope Knight told Nikkei Asia. While Knight did not name the companies she spoke to during her visit to Japan, she mentioned that some were “very excited about the possibility” of investing in the state. Micron, the only memory and storage manufacturer in the United States, has announced plans to build a $100 billion “mega fab,” which will employ more than 9,000 people, near Syracuse in upstate New York. Even before the CHIPS and Science Act became federal law in 2022, New York had unveiled its $10 billion program, called Green CHIPS, which offered tax incentives to chip manufacturers. Participants of Green CHIPS can benefit from zero corporate income tax rates and receive tax credits based on their capital spending and research and development expenditures. “We customize a package for you,” said Knight, who emphasized that incentives are tailored based on various factors, like the number of jobs created and size of investment. The ESD president highlighted the importance of bringing back chip manufacturing to the United States, citing national security concerns and geopolitical trends, and underscored New York's manufacturing legacy and its readiness to revive its manufacturing sector. New York has prioritized chip manufacturing as a key industry for economic growth. Apart from IBM, 75 other semiconductor-related companies have made new investments in the state. And since the introduction of Green CHIPS, total investments have reached $112 billion. On concerns surrounding the high cost of living and labor costs associated with New York City, Knight said that cities in upstate New York, such as Albany, Syracuse, Rochester and Buffalo, offer affordability and have cheaper sources of clean power. As head of ESD, Knight works closely with Gov. Kathy Hochul in developing the state economy through various measures like financing, subsidies, and tax breaks. As of 2022, ESD has been involved in at least 190 projects.
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 - section_summaryEmpire State Development (ESD), the umbrella organization for New York's two main economic development corporations, wants more Japanese chip industry suppliers to open operations in the state to support the upcoming manufacturing facilities of Micron Technology, the world's fourth-largest semiconductor company.
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 - titleColumbia University seeks closer partnerships with Japan
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 - descriptionThe Japan Study Student Association at Columbia University's School of International and Public Affairs organized a visit to Japan in March to allow some of its members to learn more about the country's government, people, culture, and food.
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 - contentThe Japan Study Student Association at Columbia University’s School of International and Public Affairs organized a visit to Japan in March to allow some of its members to learn more about the country’s government, people, culture, and food. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-2-NYNJ-JASSA-Education.jpg" alt="" /> <figcaption class="image-caption">JASSA representatives during their Japan trip</figcaption> </figure> “The Japan trip was a phenomenal opportunity not only from a career development perspective but also from a personal development perspective,” JASSA Representative Daniel Alvarez said in an article posted on SIPA’s website. “Speaking with top politicians, participating in cultural ceremonies, learning about critical events in Japan’s history, experiencing the excellent cuisine, and enjoying the nightlife with new friends made for a very well-rounded trip and once-in-a-lifetime experience,” Alvarez added. For SIPA students who want to join future Japan trips, Alvarez encouraged fellow members to attend upcoming JASSA events so they can express their interest to the organizers. The trip was just one of many events of SIPA to bolster U.S.-Japan cooperation. In June 2023, SIPA Dean Keren Yarhi-Milo visited the University of Tokyo's Graduate School of Public Policy, a fellow member of the Global Public Policy Network, where she held pivotal discussions to enhance cross-cultural exchange. In interviews with local media, including Nikkei Asia and TV Tokyo, Yarhi-Milo highlighted SIPA's commitment to integrating Japanese perspectives within its academic community. “We want our students and our faculty to be involved and engaged with Japan,” said Yarhi-Milo as she recognized the country’s significant economic and strategic influence in East Asia.
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 - titleHow one New Jersey city became an investment magnet
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 - descriptionIn the heart of New Jersey lies the industrial city of Elizabeth, a burgeoning metropolis under the leadership of Mayor James Christian Bollwage. Since assuming office in 1992, Bollwage has orchestrated a strategic transformation to steer the city toward economic prosperity.
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 - contentIn the heart of New Jersey lies the industrial city of Elizabeth, a burgeoning metropolis under the leadership of Mayor James Christian Bollwage. Since assuming office in 1992, Bollwage has orchestrated a strategic transformation to steer the city toward economic prosperity. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-1-NYNJ-Elizabeth-Ciyy-Mayor-Christian-Bollwage.jpg" alt="" /> <figcaption class="image-caption">Elizabeth Mayor James Christian Bollwage</figcaption> </figure> Bollwage's vision transcends conventional municipal governance as it embodies a commitment to fostering sustainable growth and nurturing a vibrant economy. "We must not only adapt to change but drive it ourselves," Bollwage told GMI POST. Under his stewardship, Elizabeth has emerged as an example of opportunity, attracting both domestic investors and international ventures seeking a strategic foothold in the American market, especially with Port Elizabeth. Central to Bollwage's agenda is the cultivation of a robust service economy tailored to meet the evolving needs of the current marketplace. Embracing innovation as the cornerstone of progress, he has championed initiatives aimed at harnessing the city's human capital and technological infrastructure, Reflecting on his transformative policies, Bollwage said, “Economic revitalization is not a solitary endeavor; it is a collaborative endeavor that requires the concerted efforts of government, business, and community stakeholders.” The mayor stressed that he would foster a climate of cooperation and synergy wherein public-private partnerships flourish and entrepreneurial spirit thrives. Through strategic investments in infrastructure, education, and workforce development, Bollwage has laid the foundation for sustained prosperity, ensuring that Elizabeth remains an attractive destination for investment and innovation. “In the city of Elizabeth, we have a slogan: It all starts here. This could refer to the history of our city, but it also could refer to the investment or the future investment in our city. This is the entry point for the goods that come from all around the world. I think that the entrepreneurs and corporations would find our city to be a very welcoming place,” Bollwage said.
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 - section_summaryIn the heart of New Jersey lies the industrial city of Elizabeth, a burgeoning metropolis under the leadership of Mayor James Christian Bollwage. Since assuming office in 1992, Bollwage has orchestrated a strategic transformation to steer the city toward economic prosperity.
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 - titleFrom AI to EI: How will expert intelligence revolutionize industry?
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 - descriptionIn today's complex technological landscape, finding the right solution to intricate problems often means tapping into a vast network of consultants and service providers, each with their own limitations and fields of expertise. But always, the right result comes with a hefty price tag.
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 - contentIn today’s complex technological landscape, finding the right solution to intricate problems often means tapping into a vast network of consultants and service providers, each with their own limitations and fields of expertise. But always, the right result comes with a hefty price tag. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-10-GL-JOINLU.jpg" alt="" /> <figcaption class="image-caption">JOINLU Founder and President Yugo Ashida</figcaption> </figure> Enter JOINLU International, a Michigan-based company that is revolutionizing the industry with its AI-powered Expert Intelligence (EI) platform. Eliminating the tedious task of screening thousands of consultants, JOINLU’s platform offers a seamless experience, while providing accurate and up-to-date information with just a few clicks. Through its platform, JOINLU provides effective research intelligence solutions for practical problems in a range of niche industries, from automotive engineering to clean energy. JOINLU’s EI is not a typical AI platform. It is backed by decades of subject-matter experience combined with open-source information available in the public domain. For users, it is a gold mine of technical information accessible through inputting simple keywords. “Experts with very specialized skills are scattered globally. Through our platform, we bring them together in one ecosystem. Their wealth of knowledge, combined with publicly available data, form the backbone of our sophisticated system, serving the needs of our clients,” JOINLU Founder and President Yugo Ashida told GMI POST. From mechanical engineering to advanced nuclear technologies, JOINLU gives companies access to top-tier experts in very technical fields. The company continuously expands its pool of experts and its fields of service, some as specific as carbon neutrality, and automotive and mobility. “In today’s market, AI is often limited to consumer applications. JOINLU is changing that narrative by bringing AI’s power to industry professionals and fueling digital transformation efforts,” Ashida said. “Through our platform, we aim to fill the gaps between industry, academia, research institutions, and international companies that may want to come together to innovate R&D in different fields and continue to find solutions to complex problems,” he added. With JOINLU's Expert Intelligence platform, companies can say embrace a smarter, more efficient approach to growth.
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 - section_summaryIn today's complex technological landscape, finding the right solution to intricate problems often means tapping into a vast network of consultants and service providers, each with their own limitations and fields of expertise. But always, the right result comes with a hefty price tag.
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 - title3 powerful OEM branding strategies, according to Japan's EM Devices
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 - descriptionFor many OEMs (original equipment manufacturers), cost efficiency and quick sales cycles are often prioritized over strategies to strengthen the business and build a robust brand identity that will help distinguish themselves in a vast field of competitors.
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 - contentFor many OEMs (original equipment manufacturers), cost efficiency and quick sales cycles are often prioritized over strategies to strengthen the business and build a robust brand identity that will help distinguish themselves in a vast field of competitors. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-9-GL-EM-Devices.jpg" alt="" /> <figcaption class="image-caption">EMD CEO and President Chihiro Yamamoto</figcaption> </figure> Japan-based EM Devices Corp. (EMD) has managed to carve out a significant presence in the automotive heartland of the United States through strategic branding. Today, EMD has the second-largest share in the automotive relay market in the U.S. and is aiming higher. In an interview with GMI POST, EMD CEO and President Chihiro Yamamoto shares three reasons the brand has become a sought-after supplier. 1. Customer intimacy ensures strong brand recall In business, the saying ‘out of sight out of mind’ rings true. Recognizing the importance of staying close to its customers, EMD made a bold move to start operations in Michigan, the car capital of America. It wanted to engage directly with clients and their development teams when designing products. “When you are closer to your customers, you are closer to their needs,” Yamamoto said. “Owing to our move to Michigan, we now communicate more intimately with our customers. Our business size has increased by more than 50% in one of our largest customers. We ensure that our engineers meet customers regularly to stay on top of their requirements,” he added. 2. Creating future value fosters brand loyalty As technology evolves, new advancements breed new competition. EMD recognizes this challenge. To stay relevant and prevent its customer base from switching brands, the company actively anticipates future customer needs to sustain their loyalty. “As CEO, my mission is to ensure that EMD is always up to date with industry trends. Part of it is to actively imagine the future needs of our customers so that we are always available to serve them,” Yamamoto stressed. This forward-thinking approach is evident in EMD’s preparation for the electric vehicle (EV) revolution. While they may be considered a “late entrant” in the EVN space, as Yamamoto describes it, they are fully prepared to adapt their relays for this new market. This ensures that their existing automotive clients, who are transitioning to EV production, won't need to find new partners, fostering continued brand loyalty. 3. A clear brand philosophy establishes a unique identity Every successful brand has a core philosophy, a way of doing business that sets them apart. For EMD, this philosophy is rooted in the Japanese concept of monozukuri, which translates roughly to “doing the right thing.” According to Yamamoto, doing the right thing means using their expertise to improve people’s lives. “Our brand is about ensuring that the specialized knowledge and expertise we have gained over the years is used to improve the lives of people around us. We ensure the highest standards of quality and safety and strive to do right by all those who use products integrated with our relays,” he explained.
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 - section_summaryFor many OEMs (original equipment manufacturers), cost efficiency and quick sales cycles are often prioritized over strategies to strengthen the business and build a robust brand identity that will help distinguish themselves in a vast field of competitors.
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 - titleZero waste heroes: How APNA is leading the charge for a sustainable future
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 - descriptionAs the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto "Creating for Tomorrow," Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time.
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 - contentAs the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto “Creating for Tomorrow,” Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-GL-Asahi-Kasei.jpg" alt="" /> <figcaption class="image-caption">Phani Nagaraj, incoming president and COO of Asahi Kasei Plastics North America</figcaption> </figure> Through its Triple Bottom Line approach, wherein people and the planet are prioritized over profit, APNA has implemented several initiatives that have contributed to the global effort to protect the environment and do its part in becoming a conscientious corporate citizen. “We aim to prioritize embracing sustainable practices in every aspect of our operations to reduce the impact our products and processes may have on the environment. We want to ideally achieve zero waste in short order,” said Phani Nagaraj, the incoming president and COO of APNA. One of APNA’s flagship initiatives is its commitment to achieve ‘Zero Waste to Landfills by 2025’ across its three U.S. locations. This is a mission embraced by every corner of the company as each location has dedicated teams to meticulously analyze waste streams, and in-house recycling stations that tackle everything from metal to plastic. But its commitment doesn’t stop at the office and factory doors. APNA urges its employees to join its sustainability journey by championing initiatives, like water conservation and emission reduction. The company hopes to foster a culture wherein every individual understands their role in building a greener tomorrow. Beyond its operations, APNA is also committed to giving back to the local community. “We believe in working together to grow not only our company but also the community and the customers we serve,” Phani told GMI POST. Through annual fundraising events and volunteer opportunities, APNA wants to become a good corporate citizen that makes a tangible difference in their local community. Its partnership with Operation Clean Sweep further demonstrates its dedication to environmental stewardship by minimizing pellet, flake, and powder residues released into the environment. Last year, APNA was named the top fundraiser for a United Way event in Livingston County. For APNA, business isn’t the only priority. Its mission includes building relationships and making a positive impact where it matters most. One thing remains clear: with APNA, the world can look to a future that is brighter and greener.
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 - section_summaryAs the clamor for environmental protection grows louder daily, companies across the world have demonstrated their unwavering commitment to sustainable growth. With its motto "Creating for Tomorrow," Asahi Kasei Plastics North America (APNA) has overhauled its production process by gradually adapting one eco-friendly initiative at a time.
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 - titleIndiana's economy surges on the back of Hoosier hospitality. But what is it?
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 - descriptionLocated in America's Heartland, Indiana in the Midwestern United States remains one of the country's leading manufacturing and industrial centers. In 2023, the state broke its FDI record for the seventh straight year, attracting around $28.7 billion in new investments from more than 200 foreign companies.
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 - contentLocated in America’s Heartland, Indiana in the Midwestern United States remains one of the country’s leading manufacturing and industrial centers. In 2023, the state broke its FDI record for the seventh straight year, attracting around $28.7 billion in new investments from more than 200 foreign companies. While the record-breaking numbers stand out, Indiana’s economic growth strategy sets itself apart because of a very welcoming investment climate attributed to Hoosier hospitality. What is Hoosier hospitality? <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-GL-Indiana-Sec-of-State-Diego-Morales-2.jpg" alt="" /> <figcaption class="image-caption">Indiana Secretary of State Diego Morales</figcaption> </figure> “One of our goals is to make Indiana welcoming to everyone, and the state administration is always there for our foreign partners. Our office is open to everyone. This is the Hoosier hospitality,” Indiana Secretary of State Diego Morales told GMI POST. Meanwhile, Huntington City Mayor Richard Strick likens Hoosier hospitality to the Japanese term omotenashi, which describes how hosts wholeheartedly look after their guests. “It's about anticipating needs, stepping up, and collaborating to overcome challenges for our partners while they try to accomplish something. We never leave our partners to navigate on their own. They’re guided with a genuine desire to see them succeed,” Strick said. At the core of Hoosier hospitality is the authenticity and genuineness that permeate every interaction, making visitors and investors alike feel they have found a true partner in their endeavors. Once a concept with a limited scope, Hoosier hospitality has evolved into an indispensable part of Indiana’s business ecosystem and growth strategy to attract new investors and partners.
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 - section_summaryLocated in America's Heartland, Indiana in the Midwestern United States remains one of the country's leading manufacturing and industrial centers. In 2023, the state broke its FDI record for the seventh straight year, attracting around $28.7 billion in new investments from more than 200 foreign companies.
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 - titleHow the "trademark of trust" earned Jefferson County $54 million in investments
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 - descriptionJefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting investments. In June 2023, it secured a commitment from Manner Polymers, for a $54 million state-of-the-art PVC manufacturing facility.
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 - contentJefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky, and Tennessee in terms of attracting investments. In June 2023, Jefferson County secured a commitment from Manner Polymers, a leading U.S. PVC manufacturer, for a $54 million state-of-the-art manufacturing facility, the company’s first investment in southern Illinois. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-GL-Jefferson-County.jpg" alt="" /> <figcaption class="image-caption">Jefferson County Development Corp. Executive Director Tony Iriti</figcaption> </figure> In an interview with GMI POST, Jefferson County Development Corp. Executive Director Tony Iriti explained the county’s winning formula. “In my experience, when companies decide to invest in a region, they consider comfort, trust, and accessibility, so that whenever they need anything, the right person to contact is just a phone call away. This is what Jefferson County provides to its partners,” said Iriti. Drawing from his previous experience as a former mayor of Findlay in Ohio and later the head of its economic development organization, Iriti advocates a “trademark of trust” approach. As mayor, he led trade missions to Japan to strengthen the city’s network and secure new business. “When a foreign company is interested in our region, our first instinct is to invite them in person and make them meet our experts who will understand the company’s requirements and help formulate the best solutions to fulfill them. That is also when we answer all their questions. This approach goes a long way in establishing trust and confidence from both sides,” Iriti explained. However, for Iriti, economic development is not just about shaking hands and sealing deals. He ensures that Jefferson County understands the significance of aligning with industry trends, particularly in the area of clean energy. “Developing the region’s infrastructure to suit the investor’s needs is equally important,” he said. In line with Illinois’ priority to develop opportunities in clean energy, Jefferson County is building its renewable energy infrastructure. A testament to that commitment, Manner Polymers’ facility will be completely powered by the local 15-acre solar field. “Our objective is to build the lowest cost, highest quality, and the most environmentally sustainable flexible PVC compounding plant in the world,” Manner Polymers CEO Raj Bhargava said. By fostering trust, embracing sustainability, and developing the right infrastructure, Jefferson County has become an attractive location for prospective investors who want to secure their success in the heart of America.
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 - section_summaryJefferson County in Illinois has outperformed several counties in Missouri, Arkansas, Indiana, Kentucky and Tennessee in terms of attracting investments. In June 2023, it secured a commitment from Manner Polymers, for a $54 million state-of-the-art PVC manufacturing facility.
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 - titleMeet Illinois's first African-American lieutenant governor
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 - descriptionThe 48th lieutenant governor of Illinois, Juliana Stratton, has made significant strides, etching her name in history not only as the fourth woman to hold the position but also as the first African-American woman to do so. Her tenure, spanning nearly half a decade, has been marked by a relentless commitment to public service and transformative leadership.
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 - contentThe 48th lieutenant governor of Illinois, Juliana Stratton, has made significant strides, etching her name in history not only as the fourth woman to hold the position but also as the first African-American woman to do so. Her tenure, spanning nearly half a decade, has been marked by a relentless commitment to public service and transformative leadership. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-5-GL-Julliana-Stratton.jpg" alt="" /> <figcaption class="image-caption">Illinois Lieutenant Governor Juliana Stratton</figcaption> </figure> In her multifaceted role, Lt. Governor Stratton has championed initiatives aimed at empowering women economically and fostering a robust teacher workforce pipeline. Additionally, she has chaired the military-economic development committee, demonstrating her prowess in driving strategic initiatives forward. For her visionary leadership, she is getting recognized with the lifetime achievement award this year in the 5th Annual Rich Township Black History Awards Gala - the largest event of its kind in Illinois, joined by over 700+ business leaders, elected officers, and civic leaders. Last fall, she led a delegation comprised predominantly of women to the 53rd Annual Midwest U.S-Japan Association Conference in Tokyo, where she highlighted Illinois’s newfound strength as a growing green economy equipped to contribute to the global clean energy revolution. In light of the Illinois Climate and Equitable Jobs Act passed by Stratton’s administration, which ensures aims to achieve 100% carbon-free power by 2045, and the Reimagining Energy and Vehicles (REV) Program that incentivizes EV production, the state aims to reinvigorate its decades-long strength in manufacturing and capitalize on its central location and highly skilled workforce to embrace EV manufacturing. “The Japanese are interested in the fact that we are on the path of a 100-percent clean energy future,” Stratton was quoted shortly after the event. During the conference, she also highlighted the interest of major Japanese automotive manufacturers like Mitsubishi and Toyota in working with Illinois to help the state achieve the goal of one million EVs on the road by the end of 2030, signaling a paradigm shift in transportation and environmental sustainability. Stratton and her delegation have been instrumental in pushing Illinois’s business attractiveness to the Japanese – one of the state’s top foreign investment partners – especially the qualifications and skills of its workforce. The Climate and Equitable Jobs Act dedicates more than $80 million annually to developing the efficiency of workers in the solar and energy efficiency industries. “We have the best job force for the jobs of tomorrow,” Stratton said. Stratton’s confidence in fulfilling her administration’s “commitment to cleaner, greener energy and travels across the state so that all communities can see and feel the impact,” making her the latest champion in Illinois’s energy transition efforts.
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 - section_summaryThe 48th lieutenant governor of Illinois, Juliana Stratton, has made significant strides, etching her name in history not only as the fourth woman to hold the position but also as the first African-American woman to do so. Her tenure, spanning nearly half a decade, has been marked by a relentless commitment to public service and transformative leadership.
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 - titleWhy Japan matters to Indiana according to the head of Knox County, Indiana
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 - description"Why are focused visits like these vital to Indiana, and particularly to Southern Indiana?" This was the question posed by Knox County Indiana Economic Development CEO Christopher Pfaff in a LinkedIn article posted on February 18, 2024 as he shared his experience when he joined a week-long trade mission in Japan.
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 - content“Why are focused visits like these vital to Indiana, and particularly to Southern Indiana?” This was the question posed by Knox County Indiana Economic Development CEO Christopher Pfaff in a LinkedIn article posted on February 18, 2024 as he shared his experience when he joined a week-long trade mission in Japan. GMI POST highlights three points the CEO made in that article wherein he spoke about the importance of trade mission trips. 1. Mission trips help sustain Indiana’s positive relationships with its Japanese investors. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK3-Indiana.jpg" alt="" /> <figcaption class="image-caption">Knox County Indiana Economic Development CEO Christopher Pfaff</figcaption> </figure> According to Pfaff, Indiana has the highest concentration of foreign direct investment in the United States from Japanese companies. He explained that mission trips maintain positive relationships with Japanese companies and executives that have already invested heavily in Indiana. Pfaff also points out that foreign-owned companies in Indiana employ more than 200,000 workers across the state. That number includes the more than 300 Japanese companies in Indiana, which employ more than 55,000 people. “Many of these Japanese companies are international brand names, including Subaru Corp., Toyota Motor Corp., Honda Motor Co., and Hitachi Ltd. As one can imagine, there exists intense competition from many states and regions that would love to have these companies and jobs in their area. Through consistent performance and delivery, Indiana is winning. The state has fashioned and earned a stellar reputation for successful investments,” said Pfaff. 2. Mission trips enable continuous improvement (kaizen) “Traveling to see and meet with Japanese investors adds important dimensions and nuances,” said Pfaff, who added that by visiting world-leading urban centers, economic developers and public officials experience firsthand how their foreign counterparts build competitive cities. Pfaff also praised Japan’s collective ability to effectively weave technology, business, climate conservation, and culture into their urban settlements, buildings, and workplace environments. 3. Missions trips show that you care “The Knox County local government participation also sends an important message: Our local officials care enough about the substantial multi-million-dollar investments in southern Indiana that they will personally take the time, energy and funds to visit in-person,” said Pfaff. According to the CEO, the good impression and the good relationship that you are able to create through physical interactions are important considerations that cannot be understated. “For certain, economic development, and especially international economic development, is a contact sport,” Pfaff said. <a href="https://knoxcountyindiana.com" target="_blank" rel="noopener">https://knoxcountyindiana.com</a>
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 - section_summary"Why are focused visits like these vital to Indiana, and particularly to Southern Indiana?" This was the question posed by Knox County Indiana Economic Development CEO Christopher Pfaff in a LinkedIn article posted on February 18, 2024 as he shared his experience when he joined a week-long trade mission in Japan.
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 - titleHow did an Illinois suburb attract $1.2 billion in investments and create more than 5,000 new jobs?
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 - descriptionLake County, a suburban region northeast of Chicago, has witnessed an economic boom in recent years. The area attracted over $1.2 billion in direct capital investment in the last five years, generating more than 5,000 new jobs. It is already home to the second-largest concentration of Fortune 500 companies' headquarters in the Midwest.
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 - contentLake County, a suburban region just north of Chicago, has witnessed an economic boom in recent years. The area attracted over $1.2 billion in direct capital investment in the last five years, generating more than 5,000 new jobs. It is already home to the second-largest concentration of Fortune 500 companies’ headquarters in the Midwest, and is also known for its immense talent pipeline and thriving life science and advanced manufacturing industries. Between 2018 and 2021, gross GDP grew 9.6% to $69.7 billion. Forecasts indicate continued growth, with GDP rising by 21.8% and employment growing by more than 10,000 new jobs by 2027. At the helm of this economic success is the region’s economic development corporation Lake County Partners led by President and CEO Kevin Considine. In a conversation with GMI POST, Considine highlights three key strategies that helped Lake County continue its growth momentum. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-4-GL-Illinois-Cosidine-2.jpg" alt="" /> Strategy 1: Focus on skilled workforce development Lake County prioritizes building a strong talent pipeline, said Considine as he explained that their efforts “start early” by aligning education and training initiatives with industry needs. “We have got a deep set of talent here, especially in advanced manufacturing and life sciences,” Considine said. To foster this advantage, Lake County focuses on early engagement, working with middle school students to spark interest in these fields. “We ensure students have significant exposure to what the industry is all about to develop their interests, skills, and careers systematically. Building this pipeline is the focus of our workforce development efforts,” he said. There are nearly 14,500 Lake County high school students participating in career pathway training across the fields of manufacturing, healthcare and information technology. Manufacturing makes up the largest percentage of participants, with more than 8,000 students. For the existing workforce, Considine emphasizes reskilling and upskilling to be more competitive. “As the manufacturing heart of the United States, we ensure our workforce is adapting to trends like automation, AI, and sustainable practices. We help them understand the use case of advanced technology while ensuring they are environmentally conscious,” he also said. Strategy 2: Nurture investor relationships Foreign investment plays a major role in Lake County’s economy, with Japan being a particularly valued partner. With over 25 Japanese-owned businesses operating successfully in the region, Considine said he considers Japan a critical investment partner. “As the second-largest international investor in our region, we are grateful for our relationship with Japan. We thank all the Japanese businesses who chose to call Lake County their home,” he said. However, building an attractive business environment goes beyond financial considerations. Lake County strives to create a welcoming community for investors and their families. “It’s never just business,” said Considine, highlighting the region’s focus on providing amenities that ensure investors “feel at home.” In addition, Considine underscores the importance of maintaining these relationships through consistent presence. Commenting on his latest trip to Japan last fall to celebrate the 50th anniversary of the sister city agreement between Osaka and Chicago, Considine said, “We want the Japanese community to know that Lake County is here for them and the biggest way to do so is to keep showing up at all occasions.” Strategy 3: Develop competitive infrastructure For Considine, a successful business environment demands strong infrastructure. Lake County benefits from its strategic location near O’Hare International Airport, the world’s most connected airport. It also offers convenient interstate connectivity, which ensures that “businesses can move goods and people at all times.” Reliable and affordable utilities are another essential factor for business success. “Our business sites are built on the foundation of reliable utilities which are available at a fraction of the cost compared to other locations,” Considine said. Amid a boom in manufacturing, Lake County has employed nearly 100,000 locally, or one for every seven jobs. To meet the demand for talent, local leaders are investing in education. There is no better example than the College of Lake County’s (CLC) new Advanced Technology Center, which is the crown jewel of manufacturing workforce development. CLC now has over 1,000 students in manufacturing programs, and the number stands to grow in the coming years. “We have a strong workforce ecosystem that is focused on bringing innovation and automation to Lake County’s manufacturing industry, and making sure that businesses can find the people that they need to thrive, said Considine, whose confidence in Lake County’s future is clear. “Lake County will unquestionably be the best place for people to grow their businesses and careers in the upcoming years,” he added. <a href="https://www.lakecountypartners.com/" target="_blank" rel="noopener">https://www.lakecountypartners.com</a>
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 - section_summaryLake County, a suburban region northeast of Chicago, has witnessed an economic boom in recent years. The area attracted over $1.2 billion in direct capital investment in the last five years, generating more than 5,000 new jobs. It is already home to the second-largest concentration of Fortune 500 companies' headquarters in the Midwest.
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 - titleBiden to host Kishida for an official visit in April
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 - descriptionThe White House announced that U.S. President Joe Biden will host Japanese Prime Minister Kishida Fumio for an official visit to the United States on April 10.
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 - contentThe White House announced that U.S. President Joe Biden will host Japanese Prime Minister Kishida Fumio for an official visit to the United States on April 10. In a statement from Press Secretary Karine Jean-Pierre released on January 25, Kishida’s visit will include a state dinner, which "will underscore the enduring strength” of the bilateral alliance. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK2-Biden-Kishida.jpg" alt="" /> The last time a sitting Japanese prime minister visited the U.S. was in 2015, when then President Barack Obama hosted a summit for former Japanese Prime Minister Abe Shinzo. Jean-Pierre also said Biden and Kishida will discuss efforts to strengthen political, security, economic, and people-to-people ties between their two countries. Meanwhile, White House National Security Council spokesperson John Kirby told local media that as Japan is one of the closest allies of the U.S. in the world, the alliance between the two countries was "very critical" in the Indo-Pacific region. Kirby also expressed his confidence that the two leaders will likely have "a robust discussion" on how their respective countries will improve their mutual capabilities across the board and how the U.S. and Japan will work together across multiple sectors and tackle challenges to bring more stability and value into the Indo Pacific region.
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 - section_summaryThe White House announced that U.S. President Joe Biden will host Japanese Prime Minister Kishida Fumio for an official visit to the United States on April 10.
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 - titleCan AI replace you? An Illinois professor created his digital avatar for his online classes
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 - descriptionWhat if you could create a realistic-looking digital version of yourself that can clearly explain complex systems and confidently deliver lectures or keynote speeches? Prof. Robert Brunner, an expert in emerging technologies at the Gies College of Business at the University of Illinois, employed artificial intelligence (AI) tools to achieve just that.
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 - contentWhat if you could create a realistic-looking digital version of yourself that can clearly explain complex systems and confidently deliver lectures or keynote speeches? Prof. Robert Brunner, an expert in emerging technologies at the Gies College of Business at the University of Illinois, employed artificial intelligence (AI) tools to achieve just that. In fact, Brunner’s AI clone is ready to deliver another lecture in March 2024 in front of MBA students. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-3-GL-Illinois.jpg" alt="" /> A digital avatar is simply a culmination of AI tools Brunner was able to create a virtual version of himself that looks and sounds just like him. He used ChatGPT to generate scripts for his lectures, Sythesia to make videos without any special tools, ElevenLabs to produce a voice that sounded like his, and Midjourney to generate images that supplemented his lessons. According to Brunner, this helps him teach online without spending too much time recording videos. The result? Astonishing authenticity. Even teachers and students who have known Brunner for years struggled to discern between him and his digital doppelganger. “Most people who watch videos of his virtual avatar think the avatar is really him,” said Tawnya Means, assistant dean for educational innovation and chief learning officer at Gies, in an interview with the school’s news site, Poets and Quants. Mastering generative AI prompts is the key to a successful digital avatar. Brunner found that once he became good at giving precise prompts to these tools, he was then able to generate a flawless five-minute lecture presented by his digital avatar in just five to 10 minutes. Also, his AI version boasts multilingual capabilities, even though Brunner knows only English. “It took only a couple of minutes for it to have me speaking Spanish. My virtual clone can also deliver lectures in French and Mandarin,” he told Poets and Quants. The entire process takes only minutes Brunner initially planned to record his video in person but soon realized the challenge of figuring out what to say. He then turned to ChatGPT for help in creating scripts, gradually refining the prompts until the AI tool was able to write scripts in his tone of voice, “The draft script was created by ChatGPT. I thought what if I build a relationship with ChatGPT so it knows me and the course? It took a while but eventually, it started stitching transcripts together. It was getting better and better,” said Brunner. When he realized that recording and editing all the videos by himself could take a lot of time, Brunner experimented with AI tools that could clone his voice and put the generated voice in Synthesia. The entire process, from script to video, took just 10 minutes. The ethics of using AI Although his digital avatar was nearly indistinguishable from him, Burner ensures transparency and never intends it to deceive his students. Burner’s course explicitly states that at times, it will be the digital avatar presenting in front of the students. “I am the culmination of artificial intelligence, a fusion of innovation and disruption in themselves. The words you hear, the script that flows, and even this very image are the handiwork of various AI tools,” the digital avatar says at the start of its lectures. AI will not replace you. But someone who uses it better than you might Brunner’s message to those who are scared of AI is clear. “It’s here and it's only going to get better. You might not be replaced by AI but the time will come when you will be replaced by someone who knows how to use AI better than you. If you start falling behind, you will fall further and further behind,” he said.
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 - titleAWS to invest $15 billion to expand cloud in Japan
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 - descriptionAmazon Web Services (AWS) plans to invest $15 billion in its existing cloud infrastructure in Japan by 2027 to meet growing customer demand. The world's largest cloud service provider, which entered the Japanese market in 2009, currently has cloud infrastructure in Tokyo and Osaka.
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 - contentAmazon Web Services (AWS) plans to invest $15 billion in its existing cloud infrastructure in Japan by 2027 to meet growing customer demand. The world’s largest cloud service provider, which entered the Japanese market in 2009, currently has cloud infrastructure in Tokyo and Osaka. Between 2011 and 2022, AWS invested $10.2 billion in building, connecting, operating and maintaining its data centers in Japan. This latest investment brings AWS's total cloud investment planned in the country to about $25 billion by 2027. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK1-AWS.jpg" alt="" /> As of January 2024, there are about 150 AWS Academy member institutions in Japan and around 150,000 Japanese sellers on Amazon. In fiscal year 2023, the sales revenue of online retailer Amazon Japan amounted to around 3.2 trillion Japanese yen or $21.6 billion. "Our investments in cloud infrastructure are creating a domino effect across industries in Japan, including the public and government sectors," said AWS Japan President Tadao Nagasaki. “This will enable more Japanese organizations to access and deploy emerging and innovative digital technologies, such as artificial intelligence and machine learning,” he added. In October 2023, AWS launched its flagship generative AI service, Amazon Bedrock, in the Greater Tokyo Area. The company cites leading Japanese conglomerates like the Asahi Group, FP Corporation, KDDI, and Ricoh as some of the early adopters of AWS’ generative AI technology. In a separate press release that welcomed AWS’ added investment into Japan, then Digital Minister and current Director of the Digital Society Promotion Council Takuya Hirai said, “Developing Japan's digital infrastructure is the key to strengthening Japan's industrial competitiveness, and data centers play an important role in this.” The former minister also emphasized the role of emerging technologies in boosting Japan’s research and development capabilities.
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 - section_summaryAmazon Web Services (AWS) plans to invest $15 billion in its existing cloud infrastructure in Japan by 2027 to meet growing customer demand. The world's largest cloud service provider, which entered the Japanese market in 2009, currently has cloud infrastructure in Tokyo and Osaka.
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 - titleWhat the American Midwest means to the Japanese investors
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 - descriptionThe recent buzz surrounding Japan's Nippon Steel acquisition of the 122-year-old United States Steel for $14.9 billion and Yaskawa Electric's potential $200 million investment in the U.S. has once again shone a spotlight on the enduring economic ties between America and Japan.
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 - contentThe recent buzz surrounding Japan's Nippon Steel acquisition of the 122-year-old United States Steel for $14.9 billion and Yaskawa Electric's potential $200 million investment in the U.S. has once again shone a spotlight on the enduring economic ties between America and Japan. At the 53rd annual joint meeting of the Japan-Midwest U.S. Association held in Tokyo, Japanese Foreign Affairs Minister Yamada Kenji noted that Japan-U.S. economic ties are one of the key pillars that underpin the Japan-U.S. alliance. Kenji highlighted Japanese companies' investment initiatives in the American Midwest, a region often cited as the manufacturing backbone, accounting for roughly a third of the nation's manufacturing jobs. The Midwest's significance to Japanese investors becomes evident considering the substantial increase in Foreign Direct Investment (FDI) from Japan into the U.S. manufacturing sector by 384% between 2009 and 2021, as the Japan External Trade Organization (JETRO) reported. Diverse Japanese brands such as Toyota Motor Corp, Honda Motor Co, and Hitachi Ltd. are already thriving in various sectors across Midwest states. This raises an important question: What makes the Midwest alluring to Japanese investors? <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-GL-Facts.jpg" alt="" /> The answer is in the region's robust logistical infrastructure and strategic positioning across 12 states. Illinois' accessibility to the entire North American market within a four-hour flight, Iowa's abundance of transportation and intermodal services, and Kansas' highly skilled workforce supported by strong industry-academia partnerships collectively enhance the appeal. Each Midwest state boasts its unique advantages: Michigan leads in electrical, mechanical, and industrial engineering; Minnesota excels in balancing industry 4.0 and sustainability; Missouri offers global distribution advantages through its unrivaled waterway access, highways and railroads; while Ohio's proximity to 60% of the U.S and Canadian market is a strategic advantage. Wisconsin's access to major waterways further contributes to the region's attractiveness. State officials have embarked on trade missions to Japan as part of their efforts to bolster business and economic development ties. Governors, like Eric Holcomb of Indiana and Gretchen Whitmer of Michigan, through multiple visits to Japan, showcase their states' diverse industries, robust transportation infrastructure, comprehensive ecosystem support, and vibrant urban life, laying out the myriad offerings available to potential Japanese partners.
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 - titleOne man's trash is another man's â€¦ furniture? An Ohio startup turns old wind turbine blades into park benches
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 - descriptionThe world's wind industry will be producing 43 million tons of windmill and wind turbine blade waste by 2050, according to a 2021 study published in the scientific journal Waste Management. That is roughly the same estimated weight of the Great Wall of China - the entire wall.
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 - contentThe world’s wind industry will be producing 43 million tons of windmill and wind turbine blade waste by 2050, according to a 2021 study published in the scientific journal Waste Management. That is roughly the same estimated weight of the Great Wall of China — the entire wall. And as more energy companies across nations move toward wind power production, the amount of blade waste produced annually is projected to rise exponentially. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-WK%201-MIDWEST-GL-Canvus.jpg" alt="" /> <figcaption class="image-caption">Canvus Vice President of Corporate Affairs Brian Donahue</figcaption> </figure> The problem? Most wind turbine blades are enormous, with some being longer than the wing of a Boeing 747, so at the end of their lifespan they can’t be easily disposed of or hauled away. Most of these retired blades, which are made out of valuable and tough materials like fiberglass, copper, aluminum, and steel, simply end up in landfills. Enter, Canvus. Canvus, an Ohio-based startup founded in 2022, turns retired wind turbine blades into beautiful park benches, planters, and picnic tables for public spaces across the U.S. “We upcycle retired wind turbine blades into benches, planters, and picnic tables for communities across the U.S. Every piece is unique, utilizing the blade’s natural organic shape to craft big, bold, and beautiful products,” said Canvus Communications Manager Mike Crissman in an interview with The Business Download. In addition to using the actual blades, Canvus also incorporates recycled materials such as old tires, shoes, and plastic into their products. According to Canvus Vice President of Corporate Affairs Brian Donahue, the company also works with local artists to design their products and has sold “hundreds if not thousands” to U.S. communities including public spaces in Ohio, Minnesota, Wisconsin, Arizona, California, and Kentucky. He adds the company’s goal is to handle 10,000-15,000 blades a year. “We develop products that not only serve essential functions needed in our public spaces but also bring a sense of excitement and uniqueness. All our upcycled benches, planters, and picnic sets are fully assembled, maintenance-free, and built to last 25+ years,” said Canvus on its official website as it emphasized that their products not only solve a problem but also create new opportunities for companies to give back to local communities.
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 - titleWhy invest in Bangladesh? A.S. & Associates gives the answers
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 - descriptionIn terms of foreign direct investment (FDI), Bangladesh is attracting more attention from abroad thanks to substantial incentives and huge improvements in the business landscape. Full-service law firm A.S. & Associates has guided many international investors through the complexities of doing business in Bangladesh.
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 - contentIn terms of foreign direct investment (FDI), Bangladesh is attracting more attention from abroad thanks to substantial incentives and huge improvements in the business landscape. Full-service law firm A.S. & Associates has guided many international investors through the complexities of doing business in Bangladesh. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-11-BANGLA-AS-Associates.jpg" alt="" /> <figcaption class="image-caption">A.S. & Associate Partner, and CEO Ferdaus Rahman</figcaption> </figure> Among the most enticing aspects for foreign investors is a 10-year tax holiday offered by the government. Under this scheme, industrial undertakings established between July 2019 and June 2024 in certain districts will enjoy a 90% tax exemption for the first two years, which will taper gradually down to 10% by the 10th year. According to a survey conducted by the Japan External Trade Organization, the attraction of Bangladesh for Japanese companies is hard to resist. Around 42% of Japanese companies operating in Bangladesh have expressed plans to expand their business over the next two years, driven by mainly by affordable labor and high profitability. The same survey by JETRO also said approximately 70% of these companies intend to hire more local workers. “(Bangladesh) is a winning combination. We have high connectivity, a competitive market, a business-friendly environment, tax breaks, double taxation treaties, modern legislation, and a competitive cost structure that can yield the best returns,” said A.S. & Associates Partner and CEO Ferdaus Rahman. “We have an industrious and competitive workforce. The people are well-educated, highly adaptive, and industrious, and they come with the lowest wages and salaries in the region. About 57.3% of the population is under 25, providing (investors with) a young group for recruitment,” Rahman added.
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 - section_summaryIn terms of foreign direct investment (FDI), Bangladesh is attracting more attention from abroad thanks to substantial incentives and huge improvements in the business landscape. Full-service law firm A.S. & Associates has guided many international investors through the complexities of doing business in Bangladesh.
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 - titleHow Penta Global is redefining 'productivity' through AI
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 - descriptionBased in the Bangladeshi capital Dhaka, Penta Global Ltd., an internet service provider and ICT specialist, has harnessed artificial intelligence technology to improve the products and services to its entire client base of individuals, businesses and public organizations.
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 - contentBased in the Bangladeshi capital Dhaka, Penta Global Ltd., an internet service provider and ICT specialist, has harnessed artificial intelligence technology to improve the products and services to its entire client base of individuals, businesses and public organizations. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-10-BANGLA-Penta-Global.jpg" alt="" /> <figcaption class="image-caption">Bangladesh Economic Zone Authority Chairman Md. Ali Ahsan and Penta Global Managing Director Md. Faysal Zama sign an agreement to set BEZA's one-stop business portal.</figcaption> </figure> Established in 2013, Penta Global has cemented its reputation in the country as a leader in AI solutions through the use of advanced algorithms and machine learning techniques to streamline processes, optimize operations, and gather valuable insights for businesses. Its comprehensive suite of AI-powered solutions covers a diverse range of industries, including finance, healthcare, manufacturing, and logistics, all offering tailored strategies that meet the different demands of each industry. “AI is not just a tool. It’s a catalyst for growth that enables organizations to achieve greater efficiency and competitiveness in today's fast-paced world,” said Penta Global Managing Director Md. Faysal Zaman. Zaman also highlighted the role of technology and AI in nation-building. In 2023, Penta Global signed an agreement to host, maintain, and build the online one-stop business portal of the Bangladesh Economic Zone Authority (BEZA). Meanwhile, echoes Zaman’s sentiment, highlighting the role of AI in driving productivity gains. “By harnessing AI capabilities, we empower businesses to automate routine tasks, analyze vast datasets, and make data-driven decisions with unprecedented speed and accuracy,” said Penta Global CTO Ipsito Barua Dipon. Penta Global's AI solutions allow businesses to optimize their supply chains and enhance their customer experiences. Through its firm commitment to adopt the latest innovations, Penta Global remains at the forefront of driving productivity and shapes future of business in the country.
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 - section_summaryBased in the Bangladeshi capital Dhaka, Penta Global Ltd., an internet service provider and ICT specialist, has harnessed artificial intelligence technology to improve the products and services to its entire client base of individuals, businesses and public organizations.
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 - titleBeximco Fashions: At the pinnacle of Bangladesh's textile and garment industry
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 - descriptionEstablished in 1994, Beximco Fashions Ltd. has grown to become one of the leading fashion and apparel manufacturers in Bangladesh, having built a reputation for its commitment to quality, innovation, and ethical practices.
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 - contentEstablished in 1994, Beximco Fashions Ltd. has grown to become one of the leading fashion and apparel manufacturers in Bangladesh, having built a reputation for its commitment to quality, innovation, and ethical practices. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-9-BANGLA-Beximco-Fashions.jpg" alt="" /> <figcaption class="image-caption">Beximco Fashions CEO Syed Navid Husain</figcaption> </figure> Beximco Fashions is a subsidiary of Beximco Group, one of the largest conglomerates in Bangladesh, with interests spanning pharmaceuticals, textiles, and telecommunications. Its activities include yarn spinning, fabric manufacturing, garment production, and exports. “Our principles are based on ‘three Ps’. First, it's people, then planet. Profit comes last. This means that we are not completely driven by profit,” Beximco Fashions CEO Syed Navid Husain told GMI POST. The company's commitment to excellence extends beyond the production processes. With a keen understanding of global fashion trends and consumer preferences, Beximco Fashions has carved a niche as a provider of trendsetting apparel. “We place great emphasis on design innovation and versatility. Our goal is to offer our customers products that not only meet their needs but also exceed their expectations in terms of style and functionality,” Husain said. Beximco Fashions' success story is not confined to its domestic market. With a strategic focus on international expansion, the company has successfully penetrated key markets across the globe. “Our international presence is a testament to the strength of our brand and the quality of our products. We are committed to further expanding our global footprint and establishing Beximco Fashions as a household name worldwide,” he also said. Beximco Fashions has also been at the forefront of Bangladesh's efforts to promote ethical and sustainable practices in the garment industry. The company adheres to strict codes of conduct regarding worker welfare, environmental sustainability, and social responsibility. This commitment has earned Beximco Fashions the trust of international buyers and contributed to the overall improvement of working conditions in the Bangladeshi garment sector. Asked about Beximco Fashion’s approach to fashion and design, the CEO cited sustainability and functionality as important factors when designing its products. “The way we approach fashion is very much like creating music. To create a masterpiece, we do not just focus on one instrument, we play the whole symphony,” said Husain. 
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 - section_summaryEstablished in 1994, Beximco Fashions Ltd. has grown to become one of the leading fashion and apparel manufacturers in Bangladesh, having built a reputation for its commitment to quality, innovation, and ethical practices.
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 - titleStandard Chartered Bank Bangladesh CEO: We will be there to help
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 - descriptionStandard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.
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 - contentStandard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-8-BANGLA-Standard-Chartered.jpg" alt="" /> <figcaption class="image-caption">Standard Chartered Bank Bangladesh CEO Naser Ezaz Bijoy</figcaption> </figure> From extending credit lines to an independent Bangladesh to being the first to introduce banking technologies such as ATMs, debit cards, credit cards, international debit cards, and Shariah-compliant credit cards, Standard Chartered Bangladesh has continually demonstrated its commitment to driving progress and accessibility in banking services. “For us, it's not only about banking but also about community engagement perspective. We are engaged in the agricultural sector, the environment, in education, and entrepreneurship. These activities have helped us understand the fabric of the country,” said Standard Chartered Bank Bangladesh CEO Naser Ezaz Bijoy. According to Bijoy, last year marked significant milestones for both Bangladesh and Standard Chartered Bank. The bank had the privilege of contributing to landmark projects and initiatives such as the Padma Rail Link, Terminal 3 of Hazrat Shahjalal International Airport (HSIA), and the country's largest 60-megawatt wind-based power plant. Bijoy also emphasized the importance of sustainability in Bangladesh's development journey, particularly in the face of climate change challenges. “Sustainability is a big area of focus for Standard Chartered Bank Bangladesh because Bangladesh is one of the most vulnerable countries affected by climate change. And I’m happy to share that Bangladesh has already signed the agreement for net zero by 2050. But to make the country’s clean energy transition happen, significant help is required. And we will be there to help,” he told GMI POST. During the interview, Bijoy also highlighted Japan as a potential key partner for Bangladesh's economic growth and sustainability aspirations. He expressed optimism about leveraging partnerships with Japanese investors to bolster Bangladesh's ecosystem and propel its sustainable development agenda forward. “When we visit Japan, we hope to pitch to large investors so that we can attract them and help us set up the ecosystem in the country,” said Bijoy, who added that the bank’s goal is to engage with foreign investors that will further catalyze Bangladesh’s journey towards a sustainable future.
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 - section_summaryStandard Chartered Bank, which claims to be the oldest bank operating in Bangladesh, boasts 119 years of uninterrupted service in the country. Throughout its history, the bank has consistently spearheaded innovation in the region, pioneering numerous firsts that have reshaped the financial landscape of Bangladesh.
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 - titleHow a Bangladeshi university is raising the next generation of leaders
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 - descriptionAmerican International University - Bangladesh (AIUB) is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum.
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 - contentAmerican International University – Bangladesh (AIUB) is dedicated to providing students with a holistic learning experience that goes beyond the confines of the traditional curriculum. Under the leadership of Pro-Vice Chancellor Dr. Abdur Rahman, AIUB is committed to nurturing skills in their students and preparing them for leadership roles in the future. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-7-BANGLA-AIUB.jpg" alt="" /> Hands-on learning Dr. Rahman emphasizes the pivotal role of hands-on experience in shaping future leaders. “Our main focus is on skills development. We need to create leadership for the professional fields. To do that, we provide a strong emphasis on laboratory development. The hands-on experience is a very integral part of our curriculum,” he said. This commitment to practical learning is reflected in AIUB's tagline: “Where leaders are created.” Outside activities AIUB looks beyond academic excellence by offering a wide variety of extracurricular activities where students take the helm. “We create a lot of extracurricular activities. Everybody gets the chance to lead because the students run these activities themselves. This is where they learn how to communicate, how to manage, how to do things with seniors, juniors, teachers, and external groups,” Rahman explained. Faculty and staff excellence Central to AIUB's success is its faculty made up of accomplished individuals who are passionate about nurturing the next generation of leaders. “We prefer teachers who were high achievers when they were students as well. Our minimum qualification here is a master's degree. We also have PhD holders who have studied in Japan. That's because we are very conscious of the quality of education we provide,” Rahman said. AIUB also prioritizes staff retention with a significant portion of its faculty being alumni of the institution. “Most of our teachers are graduates of AIUB. They are big supporters of the institution, and that provides us with the stability we need,” Rahman said. This commitment to excellence explains AIUB’s reputation as a leading university in Bangladesh.
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 - titleSumitomo wins the confidence of nation-builders in Bangladesh
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 - descriptionAt the heart of Bangladesh's economic development vision, the government has relied on long-term partners that have delivered the desired results. Sumitomo Corporation Asia and Oceania, a leader in trade and infrastructure development, is among those trusted partners as seen by its engagement in the development of the Bangladesh Special Economic Zone (BSEZ).
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 - contentAt the heart of Bangladesh's economic development vision, the government has relied on long-term partners that have delivered the desired results. Sumitomo Corporation Asia and Oceania, a leader in trade and infrastructure development, is among those trusted partners as seen by its engagement in the development of the Bangladesh Special Economic Zone (BSEZ). <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-6-BANGLA-Sumitomo.jpg" alt="" /> <figcaption class="image-caption">Sumitomo Corp. Asia & Oceania representatives led by (3rd and 4th from left) General Manager for Bangladesh Shinichi Nagata with the Ambassador of Bangladesh to Japan Shahabuddin Ahmed</figcaption> </figure> In an interview with GMI POST, Sumitomo Corp. General Manager Shinichi Nagata shed light on how the Japanese giant has played a pivotal role in industrial development and job creation in the South Asian country. “This office has more than 60 years of history. Historically, we engaged in the trading business. But now we are diversifying our business portfolio to include project development. We are now doing the Matabari deep sea port, a seven-year project to be completed this year. We are also involved in the Bangladesh Special Economic Zone. All these will be considered game changers,” Nagata said. The Japanese executive also highlighted the symbiotic relationship between Sumitomo’s goals and the government's vision to diversify its economy. “The Bangladesh government wants to attract more high-value-added manufacturing. Prime Minister Sheikh Hasina announced that Bangladesh will develop 100 special economic zones to attract holding direct investors. In line with that, the Japanese government willingly supports the development of the special economic zone,” Nagata said. Sumitomo’s involvement in Bangladesh transcends mere business transactions; it embodies a deep-rooted commitment to partnership and trust-building. By aligning its objectives with the government’s economic vision, Sumitomo is investing not only in Bangladesh’s infrastructure but also in the prosperity and well-being of the Bangladeshi people.
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 - section_summaryAt the heart of Bangladesh's economic development vision, the government has relied on long-term partners that have delivered the desired results. Sumitomo Corporation Asia and Oceania, a leader in trade and infrastructure development, is among those trusted partners as seen by its engagement in the development of the Bangladesh Special Economic Zone (BSEZ).
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 - titleHow Bangladesh's prime minister is empowering women and children for the future
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 - descriptionBangladesh Prime Minister Sheikh Hasina, daughter of the nation's founding leader and its first president, Sheikh Mujibur Rahman, has led the country consolidating her legacy deeply rooted in the struggle for independence and economic progress.
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 - contentBangladesh Prime Minister Sheikh Hasina, daughter of the nation’s founding leader and its first president, Sheikh Mujibur Rahman, has led the country consolidating her legacy deeply rooted in the struggle for independence and economic progress. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-5-BANGLA-Sheik-Hasina.jpg" alt="" /> <figcaption class="image-caption">Bangladesh Prime Minister Sheikh Hasina</figcaption> </figure> Her leadership is marked by a commitment to advancing the rights and opportunities of women and children, recognizing their pivotal role in shaping Bangladesh's trajectory toward prosperity. The present government under Sheikh Hasina's guidance has embarked on various initiatives aimed at ensuring the holistic development of women and children in Bangladesh. Through comprehensive policies and programs, her administration has prioritized education, healthcare, and economic empowerment for women, laying the foundation for a more inclusive and equitable society. Central to Hasina's vision are the ambitious goals outlined in Vision 2041, which aim to propel Bangladesh towards becoming a high-income country. Integral to these visions is the recognition of women's empowerment as a catalyst for national development. Women's engagement in political and economic activities is considered not only a fundamental right but also a strategic imperative for driving transformative change. Addressing the 78th United Nations General Assembly in September 2023, Hasina reiterated her unwavering commitment to advancing gender equality and women's empowerment on a global scale. She emphasized the need to enhance partnerships across sectors to mainstream gender equality and called upon the private sector to play a more proactive role in advancing women's participation at all levels. "We must enhance our partnership base to make gender equality a norm across all sectors. The private sector needs to come forward to advance women's participation at a higher level. As leaders, we need to engage with them and encourage them to take bold initiatives in that regard," she affirmed. Hasina's leadership underscores the importance of solidarity among women leaders worldwide in championing gender equality and women's rights. While acknowledging the diversity among nations, she emphasized the universal commitment to achieving a gender-equal world, stressing that no country should backtrack on its pledge to promote women's empowerment. "As women leaders, we have a responsibility to stand by all women and create examples that can guide others. We must leverage our position and power to achieve a gender-equal world," she stressed. In Bangladesh, Hasina's government translated these principles into concrete action through the implementation of progressive policies and targeted interventions. Measures such as increased access to education for girls, healthcare services for women and children, and economic opportunities through microfinance and entrepreneurship programs have contributed to tangible improvements in the lives of millions. Hasina's administration has actively promoted women's participation in decision-making processes at all levels of governance, ensuring their voices are heard and their contributions valued in shaping policies and programs that affect their lives.
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 - section_summaryBangladesh Prime Minister Sheikh Hasina, daughter of the nation's founding leader and its first president, Sheikh Mujibur Rahman, has led the country consolidating her legacy deeply rooted in the struggle for independence and economic progress.
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 - titleHow to lead your company to success through trust and transparency
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 - descriptionLed by Managing Director Mohammed Sohel, knitwear manufacturer and exporter Bangla Poshak, based in the city of Gazipur, made its mark in Bangladesh's competitive garment industry for its commitment to quality, transparency, and long-term partnerships.
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 - contentLed by Managing Director Mohammed Sohel, knitwear manufacturer and exporter Bangla Poshak, based in the city of Gazipur, made its mark in Bangladesh’s competitive garment industry for its commitment to quality, transparency, and long-term partnerships. According to the company's website, Bangla Poshak prides itself on its modern facilities and international certifications, including BSCI, SEDEX, ACCORD, ORGANIC, and OEKO-TEX. These certifications underscore the company's adherence to ethical and sustainable manufacturing practices, ensuring compliance with global standards. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-4-BANGLA-Poshak.jpg" alt="" /> Transparency at all times One of the key factors that contributed to Bangla Poshak's success was its focus on employing experienced and highly technical management teams. Sohel emphasizes the importance of executing production exactly as per customer requirements, believing in the significance of fostering long-term relationships. “I show the desire to achieve quality and to be transparent,” he said. This commitment to transparency and quality is instrumental in maintaining strong partnerships with clients, including Japanese partners. Understanding client needs Sohel further stresses the company's dedication to quality control: “After several inspections, I understood their standards. In fact, we started with 10% excess fabrics and we're now down to just 3%.” This attention to detail and continuous improvement in quality control have enabled Bangla Poshak to exceed customer expectations consistently. With its focus on quality, transparency, and customer satisfaction, Bangla Poshak has solidified its position as a leading player in the knitwear manufacturing and exporting industry. Under the leadership of Sohel, the company remains committed to delivering exceptional products while nurturing enduring partnerships with clients worldwide. “It’s about having the right kind of attitude. We simply need to be given the chance to show the world what we can do. Come see us, know us, and start your business with us. Teach us because we can overcome difficulties. We are able to achieve what you need,” Sohel said. <a href="https://www.banglaposhak.com/">https://www.banglaposhak.com</a>
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 - section_summaryLed by Managing Director Mohammed Sohel, knitwear manufacturer and exporter Bangla Poshak, based in the city of Gazipur, made its mark in Bangladesh's competitive garment industry for its commitment to quality, transparency, and long-term partnerships.
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 - titleMeet the 2024 JALD delegates
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 - descriptionTen Japanese American leaders from across the U.S. are preparing to travel to Japan for the 2024 Japanese American Leadership Delegation (JALD) organized by the U.S.-Japan Council.
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 - contentTen Japanese American leaders from across the U.S. are preparing to travel to Japan for the 2024 Japanese American Leadership Delegation (JALD) organized by the U.S.-Japan Council. Under the JALD program, the chosen Japanese American leaders will travel to Osaka and Tokyo from March 1 to 9, 2024 where they will meet with top business and government officials and participate in a symposium in Osaka co-sponsored by the Japan Foundation Center for Global Partnership. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-GL-WK2-Trade-Delegation.jpg" alt="" /> In its 21st year, the trip provides an opportunity for Japanese American leaders to deepen their understanding of Japan and promotes the value of sustained people-to-people relationships as a critical factor in assuring the long-term success of U.S. and Japan relations. The trip also allows Japanese leaders to gain a greater understanding of multicultural America through the experiences of a diverse group of Japanese Americans. Who are the 2024 JALD participants? Comprised of 10 leaders in business, academia, government, non-profit and legal sectors from across the United States, these 2024 delegates are leaders in their respective communities, engaged in U.S.-Japan relations. 1. Naomi Ostwald Kawamura (Seattle, Washington) – Executive Director of Densho 2. Yoh Kawanami (Honolulu, Hawaii) – Director, Hawaiian Electric Company 3. Derek Kenmotsu (San Mateo, California) – Head of Partnerships, AI/ML and Indo-Pacific, Defense Innovation Unit 4. Darin Mano (Salt Lake City, Utah) – City Council Member, Salt Lake City Council 5. Susan Miyagi McCormac (New York, New York) – Founder & Editor-In-Chief, JapanCulture-NYC 6. Tomoko Hosaka Mullaney (Washington, DC) – Executive Director, U.S.-Japan Business Council, U.S. Chamber of Commerce 7. Anna Ninoyu (Chicago, Illinois) – Owner & Principal Architect, METIS Design 8. Rob Ohno (Ponte Vedra Beach, Florida) – President and CEO, ANNIKA Foundation 9. George Tanaka (Los Angeles, California) – Managing Director, U.S. Bank 10. David Yoshimura (Des Moines, Iowa) – Partner, Faegre Drinker Biddle & Reath LLP After their trip, the JALD delegates will collaborate with their local consulates, the U.S.-Japan Council, as well as local and national community organizations to continue strengthening ties between the U.S. and Japan. For more information on the delegates, their biographies, and the JALD program, visit <a href="https://www.usjapancouncil.org/japanese-american-leadership-delegation/" target="_blank" rel="noopener">https://www.usjapancouncil.org/japanese-american-leadership-delegation/</a>.
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 - section_summaryTen Japanese American leaders from across the U.S. are preparing to travel to Japan for the 2024 Japanese American Leadership Delegation (JALD) organized by the U.S.-Japan Council.
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 - titleHow a Bangladeshi startup is advancing facial recognition
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 - descriptionSigmind.ai, which claims to be the first AI startup in Bangladesh, is leading the transformation of conventional surveillance systems into cutting-edge security solutions. Through its Central Intelligent Video Management Systems (CiVMS), the startup can turn CCTV cameras into AI-powered intelligent cameras that can identify, save, and reveal the full faces of people even if they are wearing face masks.
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 - contentSigmind.ai, which claims to be the first AI startup in Bangladesh, is leading the transformation of conventional surveillance systems into cutting-edge security solutions. Through its Central Intelligent Video Management Systems (CiVMS), the startup can turn CCTV cameras into AI-powered intelligent cameras that can identify, save, and reveal the full faces of people even if they are wearing face masks. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-3-BANGLA-Sigmind.jpg" alt="" /> In a conversation with the Dhaka Tribune, Managing Director Tanvir Tabassum shared, “Our system can recognize a mask-wearing face with 87.3% accuracy, while in the case of a person not wearing masks, we can detect and recognize people with 99.4% accuracy. Also, we can determine the sex and dress color of a person from black and white CCTV video footage.” According to Tabassum, this level of precision aims to enhance security measures and minimize biases often associated with traditional surveillance methods. By harnessing the power of deep learning, Sigmind.ai has effectively democratized access to advanced security solutions. Its ability to retrofit any standard camera with artificial intelligence capabilities signifies a paradigm shift in the surveillance industry. Now, organizations can leverage state-of-the-art security measures without costly infrastructure overhauls. Adding new applications The applications of Sigmind.ai's technology are manifold, and transcend traditional notions of surveillance. Beyond security, its systems are useful in various domains, like retail analytics, vehicle recognition, crowd management and estimation, and public safety initiatives. With its method of accuracy and adaptability, Sigmind.ai is set to revolutionize how societies approach security and surveillance. Furthermore, Sigmind.ai's commitment to innovation extends beyond technological advancements. It prioritizes ethical considerations and ensures that its systems adhere to strict privacy standards and mitigate potential biases. This dedication to responsible AI deployment underscores its commitment to not only revolutionizing security but also fostering trust and transparency in the digital age. Moreover, Chief Sales and Marketing Officer Arif Hossain told New Age Bangladesh that the company’s watch cam will play a vital role in ensuring security in both government and private sectors. The news site also reported that agencies such as the Bangladesh Hi-Tech Park Authority are already using the software.
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 - section_summarySigmind.ai, which claims to be the first AI startup in Bangladesh, is leading the transformation of conventional surveillance systems into cutting-edge security solutions. Through its Central Intelligent Video Management Systems (CiVMS), the startup can turn CCTV cameras into AI-powered intelligent cameras that can identify, save, and reveal the full faces of people even if they are wearing face masks.
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 - titleTokyo Gas Natural Resources to buy Texas-based natural gas producer Rockcliff Energy
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 - descriptionTokyo Gas Natural Resources (TGNR) announced plans last December to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion as part of its efforts to expand its overseas business.
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 - contentTokyo Gas Natural Resources (TGNR) announced plans last December to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion as part of its efforts to expand its overseas business. The deal is part of the Japanese company's efforts to expand its North American shale gas operations to meet the growing demand for natural gas as an energy-transition fuel. According to Industry Research Co., the global shale gas market size was valued at $ 46.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.71% to $72.5 billion by 2028. <img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-US-Jap-BANG-WK1-Tokyo-Gas.jpg" alt="" /> Under the deal, TGNR will buy all shares in Rockcliff Energy from Quantum Energy Partners. With the acquisition, TGNR's natural gas production will quadruple to 1.3 billion cubic feet per day, making it one of the largest shale gas producers in Texas and Louisiana, according to Tokyo Gas. "We expect our gas production will be more efficient after the acquisition as Rockcliff Energy's output area is located adjacent to TGNR's blocks," said Takashi Nakao, Tokyo Gas Senior General Manager of Global Business Development. The production is also close to new liquefied natural gas (LNG) export terminals and other facilities expected to increase demand for natural gas in the future, Nakao added. Asked if the supply will be exported to Japan as LNG, Nakao said the current plan is to sell all the gas in the U.S. domestic market, though he did not rule out possibly sending it as LNG to Japan in the future.
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 - section_summaryTokyo Gas Natural Resources (TGNR) announced plans last December to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion as part of its efforts to expand its overseas business.
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 - titleEntrepreneurs of Bangladesh: 3 business leaders you should know
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 - descriptionBangladesh, a country known for its vibrant culture and resilient spirit, has produced a cadre of successful entrepreneurs who have made significant contributions to the global business landscape. Below are just three of the several remarkable individuals who have not only shaped their industries but have also become symbols of entrepreneurial success.
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 - contentBangladesh, a country known for its vibrant culture and resilient spirit, has produced a cadre of successful entrepreneurs who have made significant contributions to the global business landscape. Below are just three of the several remarkable individuals who have not only shaped their industries but have also become symbols of entrepreneurial success. Muhammad Yunus, Founder of Grameen Bank <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-BANGLA-Entrepreneurs-Yunus.jpg" alt="" /> <figcaption class="image-caption">Photo source: Grameen Foundation</figcaption> </figure> No discussion about successful entrepreneurs from Bangladesh is complete without mentioning Professor Muhammad Yunus, the Nobel Peace Prize laureate and the founder of Grameen Bank. Born in 1940 in the coastal city of Chittagong, Yunus has dedicated his life to alleviating poverty through innovative financial solutions. Yunus pioneered the concept of microcredit, providing small loans to the impoverished, particularly women, to start their own businesses. His vision was to empower individuals with the means to escape the cycle of poverty. Grameen Bank, founded in 1983, has since disbursed billions of dollars in microloans and has become a global model for microfinance institutions. Professor Yunus' impact extends beyond Bangladesh. His commitment to social entrepreneurship and poverty reduction has garnered international recognition. He received the Nobel Peace Prize in 2006, and his work continues to influence discussions on sustainable development and inclusive finance. Salman F Rahman, Vice Chairman and Co-founder of Beximco Group <figure class="image-container"></figure> <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-BANGLA-Entrepreneurs-Salman-F-Rahman.jpg" alt="" /> <figcaption class="image-caption">Photo source: https://www.salmanfrahman.com/en/</figcaption> </figure> Salman F Rahman, a prominent industrialist and politician, has played a pivotal role in shaping Bangladesh's economic landscape. Born in 1951, Rahman has been instrumental in the growth of the Beximco Group, one of the largest conglomerates in the country with interests ranging from textiles to pharmaceuticals. Rahman's business acumen has not only propelled Beximco Group to new heights but has also contributed significantly to the nation's economy. Under his leadership, the group has expanded its footprint globally, exporting products to over 150 countries. Moreover, his efforts in the pharmaceutical sector have positioned Beximco Pharmaceuticals as a major player in the international pharmaceutical arena. In addition to his entrepreneurial endeavors, Rahman has been active in politics, serving as an advisor to the Prime Minister of Bangladesh. His contributions to both business and public service show the potential for entrepreneurs to impact various facets of society. Raisul Kabir, Co-founder and CEO of Brain Station 23 <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-ITL-WK-2-BANGLA-Entrepreneurs-Raisul-Kabir.jpg" alt="" /> <figcaption class="image-caption">Photo source: Brain Station 23</figcaption> </figure> In the dynamic world of technology, Raisul Kabir stands out as a pioneering entrepreneur who has played a key role in advancing Bangladesh's tech industry. As the co-founder and CEO of Brain Station 23, a leading software development company, Kabir has been at the forefront of technological innovation in the country. Established in 2006, Brain Station 23 has earned a reputation for delivering high-quality software solutions to clients worldwide. Kabir's leadership has been instrumental in the company's success, navigating the challenges of the tech industry and positioning it as a competitive player on the global stage. Under Kabir's guidance, Brain Station 23 has diversified its portfolio to include cutting-edge technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT). These three entrepreneurs — Yunus, Rahman, Kabir — represent the diversity and dynamism of Bangladesh's business landscape. From pioneering social change to leading industrial growth and driving technological innovation, they have become examples of the transformative power of entrepreneurship in shaping the future.
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 - section_summaryBangladesh, a country known for its vibrant culture and resilient spirit, has produced a cadre of successful entrepreneurs who have made significant contributions to the global business landscape. Below are just three of the several remarkable individuals who have not only shaped their industries but have also become symbols of entrepreneurial success.
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 - titleBangladesh and Japan to enter into an Economic Partnership Agreement by 2025
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 - descriptionBilateral trade and investment between Japan and Bangladesh are expected to grow exponentially as the two countries move closer to finalizing their Economic Partnership Agreement (EPA).
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 - contentBilateral trade and investment between Japan and Bangladesh are expected to grow exponentially as the two countries move closer to finalizing their Economic Partnership Agreement (EPA). In a joint press conference held by Japanese and Bangladeshi officials last December 27, 2023, Bangladesh Senior Commerce Secretary Tapan Kanti Ghosh expressed his optimism, saying that his country would yield significant benefits once the proposed EPA is signed. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R1/2024-R1-WK-1-BANGLA-Japan-EPA.jpg" alt="" /> <figcaption class="image-caption">Bangladeshi Prime Minister Sheikh Hasina and Japanese Prime Minister Fumio Kishida are optimistic that a planned economic partnership agreement will herald a new phase in their bilateral relations.</figcaption> </figure> “I am optimistic that the economic partnership agreement between the two countries will be signed either by December 2025 or January 2026. Once the EPA with Japan is signed, we’ll not only get duty-free market facilities but also get more investments and infrastructures suitable for industries and thus could join the global supply chain,” said Ghosh. Considered a long-time and significant economic partner for Bangladesh, Japan has provided $24.72 billion in financial assistance since 1972 through its Official Development Assistance (ODA), almost evenly split between grants and loans. According to a news report by The Diplomat, this makes Japan Bangladesh’s single largest bilateral donor In recent years, the number of Japanese companies investing in Bangladesh has also seen a massive spike as it has quadrupled over the past decade. In 2022, Bangladesh received over $100 million in foreign direct investments from Japan, a record high according to Ghosh. Meanwhile, Japanese Ambassador to Bangladesh Iwama Kiminori said the proposed EPA will facilitate development on both sides as Japan sees Bangladesh as a crucial economic partner. According to a 2023 report by East Asia Forum, Bangladesh’s (1) fast-growing economy, (2) trade-friendly policies, (3) growing middle-class population with high purchasing power, and (4) strategic location because of its direct access to the Indian ocean where almost 80% of Japan’s maritime trade passes through make it one of the most potentially lucrative markets in this region. Asia News Network reports there are around 350 Japanese companies operating in Bangladesh today, 85% of which are in favor of the Japan-Bangladesh EPA to increase bilateral trade and investment. According to Ghosh, Japanese companies can also explore more investment opportunities in Bangladesh through the Bangladesh Special Economic Zone, which partially opened in December 2022 with the cooperation of Japan, the Public-Private Joint Economic Dialogue, and the Bangladesh-Japan Joint Public Private Partnership Platform.
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 - section_summaryBilateral trade and investment between Japan and Bangladesh are expected to grow exponentially as the two countries move closer to finalizing their Economic Partnership Agreement (EPA).
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 - contentRooted in shared values and mutual interests, the relationship between Canada and its next-door neighbor, the United States, has grown beyond the economic and political spheres. The alliance has opened a new chapter, one that lays out closer cooperation in high-tech and quantum computing.
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 - contentRooted in shared values and mutual interests, the relationship between Canada and its next-door neighbor, the United States, has grown beyond the economic and political spheres. The alliance has opened a new chapter, one that lays out closer cooperation in high-tech and quantum computing. In a press conference in March last year, Canadian Prime Minister Justin Trudeau unveiled a groundbreaking agreement: “Canada and the United States have agreed to put in force a system for building semiconductors.” The agreement signifies a strong commitment to bolstering their nations’ technological prowess, strengthening their economic competitiveness, and boosting job growth across the region. The partnership, symbolized by IBM’s decision to expand its semiconductor facility in Bromont, Quebec, underscores the intertwined destinies of these two North American powerhouses. Canadian Minister of Innovation, Science and Industry François-Philippe Champagne stressed the importance of building a robust wireless infrastructure. “Canadians deserve strong, secure, and reliable wireless networks and services,” he said. Through investments in Ericsson Canada, the government affirms its dedication to improving the current 5G networks and building the future landscape of 6G technology. “The United States is Canada’s top global investor. We are uniquely positioned to offer American companies unmatched benefits, including short supply chains, green energy, global market access, and seamless integration to home operations,” said Invest in Canada CEO Laurel Broten. Meanwhile, Quebec has emerged as a hotbed of technological advancement, notably in digital technologies and quantum computing. This high-tech ecosystem involves educational institutions, like Université de Sherbrooke; research facilities, such as C2MI; and a mix of dynamic companies, including IBM, Multiverse Computing, Nord Quantique, Qubic Technologies, and Teledyne MEMS. “We are leveraging our existing expertise in microelectronics. Quebec is poised to spearhead quantum computing initiatives, cementing its status as a global innovation hub. By embracing cutting-edge technologies, Quebec not only propels economic growth but also enriches cross-sector collaboration, fostering synergies that drive progress across various industries,” said Quebec’s Minister of Economy, Innovation, and Energy Pierre Fitzgibbon. As both nations navigate the complexities of the digital age, the US-Canada partnership has laid down the path toward a more interconnected and prosperous North America. Closer cross-border collaboration This thriving bilateral partnership has fostered closer collaboration across all the provinces and territories in Canada. In Alberta, particularly in the capital Edmonton, there has been a surge in activity in technological innovation, lessening the province’s dependence on the oil and gas sector. <figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Canada%202024/FA-2024-CANADA-ETS-Montreal-Gagnon.jpg" alt="" /> <figcaption class="image-caption">ETS Montreal CEO and President Prof. François Gagnon</figcaption> </figure> “What is unique about Alberta is that you can come here and make a difference at the table. If you don’t have a seat at the table, you create your own. The entrepreneurial spirit is alive, and we are a place where “co-opetition” is the norm, and competitors help each other. Alberta is the place to jump into the bigger markets, and we are strategically located in a geographic home that allows you to expand your business globally,” said Edmonton International Airport (YEG) President and CEO Myron Keehn. The collaborative spirit and strategic positioning of Canadian cities like Edmonton have made them attractive destinations for many tech giants and startups looking for new, cost-effective locations to set up their businesses. The growth-conducive conditions have pulled in domestic and international companies. None of this progress could have happened were it not for Canada’s education system. Institutions such as Université de Sherbrooke and École de technologie supérieure (ÉTS Montreal), both in the province of Quebec, emphasize their mission to cultivating innovation and collaboration so that good ideas can be transformed into powerful solutions and the technologies of tomorrow. “At École de technologie supérieure, we do things differently and we’re proud of it. Our bold model has worked, and it drives us to push the boundaries of engineering. Our researchers and professors change the world every day, and our students are the engineering leaders of tomorrow. More than ever, our distinctive expertise is being recognized by companies and a variety of business partnerships and we want to go even further to better meet the growing needs of North America and the world,’’ said ETS Montreal CEO and President Prof. François Gagnon. For Université de Sherbrooke, founded in 1954, the mission was driven by pragmatic needs in the community. “Sherbrooke needed higher education. The community wanted a ‘complete’ university, which meant law, medicine, arts, science, and business. Local businesses, schools and hospitals also wanted our approach to be practical,” said Université de Sherbrooke Rector Pierre Cossette. “So, at UdeS, we teach discovery research and its applications. We like to say we can go from the molecule to the patient or from the electron to the computer. We make complex areas of research, like quantum computing, accessible to both teachers and students. We generate startups and break down barriers to application in partnership with business,” he added.
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 - contentThe year 2023 was going to be Northern California’s time of reckoning, as it struggled to deal with the worst effects of the pandemic and the ensuing supply chain crisis. Ahead of the release of final year-end figures, however, the region appears to be on the road to full recovery. According to the latest forecast, the state’s labor market is expected to grow by 2.2%, which translates to 398,000 jobs, 80% of which will come from the public sector and the hospitality and health care industries. While some sectors remain more dynamic than others, for the Port of Stockton the pandemic caused a welcome disruption in the supply chain. “We saw about a 30% increase in volume during that supply chain crisis. Many commodities that were typically in containers were taken out because costs were high. They were thus moved in break bulk, and we handled a large part of that business. We had a record year in 2022 when 4.9 million metric tons were processed through the port. Our volumes have since returned to pre-pandemic levels,” said Port of Stockton Director Kirk DeJesus. Although the agricultural sector suffered the biggest blow, certain crops, like almonds and cherries, retained Japan as a major market, according to California Cherries. As the industrial landscape continues to evolve, organizations like the Japanese Chamber of Commerce of Northern California emphasize the importance of staying closely connected with the Japanese community and its partners. “The tendency is for Japanese companies to establish R&D (research and development) hubs. Legacy companies create venture capital arms that seek investment opportunities. These ties strengthen the partnership of Northern California and Japan. The ecosystem in Silicon Valley is still the biggest in the world. That’s why I believe that there are opportunities here,” said JCCNC Executive Director Keijiro Hora. As a result, Japanese multinationals such as Mitsubishi Corp. and Furukawa Sangyo have established investment groups focused on start-ups in Silicon Valley. With the continued thrust to integrate intelligent systems, educational partners are exploring innovation management and its corresponding impact on the relationships between innovation groups and larger companies. Among them is Stanford University’s US-Asia Technology Management Center. “We look at the kind of impact that new technology businesses have on industry value chains. We interact directly with innovation groups and help them design the best strategic relationship with headquarters.There’s heightened interest, usually from large Japanese companies with U.S.-based innovation groups because of the exciting entrepreneurial ecosystem here in Silicon Valley,” explained US-ATMC Director Richard Dasher. Nevertheless, independent startups like Omneky have proven that one can be indepently successful. For Founder and CEO Hikari Senju, it became a personal mission to integrate technology and art. “From day one, the objective was to disrupt the creative services industry with generative AI,” Senju said. In the clean energy sphere, Principle Power is a global technology and services provider for the floating wind market. Its trademarked WindFloat technology, deployed in 75-megawatt projects across Europe, has proven its resilience in challenging environments, while delivering energy to 55,000 homes annually. “We’re expanding to Japan by partnering with local stakeholders like Tokyo Gas and leveraging programs like NEDO’s (New Energy and Industrial Technology Development Organization) Green Investment Fund to secure and accelerate the pathway for the deployment of commercial scale projects,” said Principle Power Vice President for Engineering Antoine Peiffer. With the inevitable integration of such mechanisms, the increasing reliance on advanced technologies has yielded effective cost-cutting measures for many firms. But the increasing impact of machine innovation has raised issues about the value of humans and the traditional labor force that once dominated. In light of this, institutions like Sofia University are helping business leaders and managers design human-centric artificial intelligence systems through its flagship program in transpersonal psychology. “The humanistic aspects of an organization, like the culture of engagement and communication, are embodied in transpersonal education. Our leadership and coaching certification programs are good options for companies that are looking into promoting people to key organizational roles,” said Sofia University Director of Marketing and Communications Roland Reese.
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 titleSoutheastern USA 2023
 descriptionAs the world returns to normality following the protracted COVID-19 pandemic, the southeastern United States has seen sharp growth in the number of new businesses coming to the region. For Florida, Georgia and North Carolina, the transition was smooth, if not because of a collective will to succeed, then due to the deeply ingrained hospitality the South is famous for.
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 tagsJapan, US, Florida, Georgia, North Carolina
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 contentAs the world returns to normality following the protracted COVID-19 pandemic, the southeastern United States has seen sharp growth in the number of new businesses coming to the region. For Florida, Georgia and North Carolina, the transition was smooth, if not because of a collective will to succeed, then due to the deeply ingrained hospitality the South is famous for.
 publication_date2023-02-28
 creation_date2023-02-28
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 titleU.S. East Coast 2022
 descriptionHaving just weathered the worst of the COVID-19 pandemic and dealing with the effects of the war in Ukraine, the United States and Japan have remained steadfast in building a stronger alliance - a partnership that has generated prosperity and provided stability across the Pacific and the rest of the world over the past 70 years.
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 tagsJapan, US, East Coast, Economy, Investment
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 contentHaving just weathered the worst of the COVID-19 pandemic and dealing with the effects of the war in Ukraine, the United States and Japan have remained steadfast in building a stronger alliance — a partnership that has generated prosperity and provided stability across the Pacific and the rest of the world over the past 70 years.
 publication_date2022-10-31
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 titleEducation in the Commonwealth 2022
 descriptionThrough this second edition of Guide to Education in the Commonwealth, GMI Post hopes to present Chinese students with well-regarded options in Australia, Canada and the United Kingdom for quality education, both in secondary, college and post-graduate levels.
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 tagsEducation, Canada, Australia, UK, China, Forbes
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 contentThrough this second edition of Guide to Education in the Commonwealth, GMI Post hopes to present Chinese students with well-regarded options in Australia, Canada and the United Kingdom for quality education, both in secondary, college and post-graduate levels.
 publication_date2022-06-27
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 titleEducation in Asia Pacific 2022
 descriptionThe world's fastest-growing region, Asia has remained the main driver of the global economy for nearly half a century. At the heart of the continent's impressive growth have been value-added manufacturing, high tech innovation and, in the last decade, education. As the leaders of Asian technological innovation, Japan, South Korea and mainland China continue to impress the world with life-changing gadgets and planet-saving technology developed by locals in laboratories and R&D centers at home. That strength has naturally spread to neighboring Asian economies, like Singapore, Malaysia, Indonesia and Thailand.
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 contentThe world’s fastest-growing region, Asia has remained the main driver of the global economy for nearly half a century. At the heart of the continent’s impressive growth have been value-added manufacturing, high tech innovation and, in the last decade, education. As the leaders of Asian technological innovation, Japan, South Korea and mainland China continue to impress the world with life-changing gadgets and planet-saving technology developed by locals in laboratories and R&D centers at home. That strength has naturally spread to neighboring Asian economies, like Singapore, Malaysia, Indonesia and Thailand.
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 titleEducation in Western Europe 2021
 descriptionGMI Post is putting together the first-ever Guide to Education in Western Europe to be published in Mandarin in Forbes China magazine in mid-2021. As the ongoing SARS-CoV-2 global pandemic gives Chinese students much fewer choices to study abroad, Western Europe remains a safe and attractive destination to a quality education. More than ever, Chinese parents and students need reliable information about the current global educational landscape and their options. Apart from promoting the entire region as an excellent, open and secure destination, the guide will also feature some of Western Europe’s best and most reputable universities and educational institutions. Any inquiries regarding this report can be directed to Danelle Ong and Maria Sanchez.
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 contentGMI Post is putting together the first-ever Guide to Education in Western Europe to be published in Mandarin in Forbes China magazine in mid-2021. As the ongoing SARS-CoV-2 global pandemic gives Chinese students much fewer choices to study abroad, Western Europe remains a safe and attractive destination to a quality education. More than ever, Chinese parents and students need reliable information about the current global educational landscape and their options. Apart from promoting the entire region as an excellent, open and secure destination, the guide will also feature some of Western Europe’s best and most reputable universities and educational institutions. Any inquiries regarding this report can be directed to <a href="mailto:danelle@gmipost.com?subject=Report%20on%20Education%20in%20Western%20Europe" target="_blank" rel="noopener">Danelle Ong</a> and <a href="mailto:maria@gmipost.com?subject=Report%20on%20Education%20in%20Western%20Europe" target="_blank" rel="noopener">Maria Sanchez</a>.
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 titleGreece 2021
 descriptionFollowing the disruption caused by the SARS-CoV-2 global pandemic last year, GMI Post is preparing a second Special Report on Greece, which will again highlight the country’s main economic players and hidden champions. The special report is planned for this summer to coincide with the opening of the postponed Tokyo Olympics. While the SARS-CoV-2 pandemic reversed the solid gains made by Greece in 2018, when the country exited its economic bailout program, the country is getting back up on its feet with cautious optimism as the government led by Prime Minister Kyriakos Mistotakis efficiently oversees its vaccination rollout. Analysts predict that Greece’s GDP to grow between 3.5 and 4.0 percent in the coming months.
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 contentFollowing the disruption caused by the SARS-CoV-2 global pandemic last year, GMI Post is preparing a second Special Report on Greece, which will again highlight the country’s main economic players and hidden champions. The special report is planned for this summer to coincide with the opening of the postponed Tokyo Olympics. While the SARS-CoV-2 pandemic reversed the solid gains made by Greece in 2018, when the country exited its economic bailout program, the country is getting back up on its feet with cautious optimism as the government led by Prime Minister Kyriakos Mistotakis efficiently oversees its vaccination rollout. Analysts predict that Greece’s GDP to grow between 3.5 and 4.0 percent in the coming months. Supporting this prediction is the EU-Japan Economic Partnership Agreement, which came into effect in 2019, created the world’s largest free trade zone, and gave a strong boost to Greek agri-food exporters. In fact, only one year after the EU-Japan EPA came into effect, Greek exports to Japan doubled. The upcoming report will highlight Greece’s highly profitable prospects outside the EU and identify valuable investment opportunities for Japanese companies. Inquiries regarding this report can be directed to Project Coordinator <a href="mailto:francis@gmipost.com?subject=Special%20Report%20on%20Greece" target="_blank" rel="noopener">Francis Pacheco</a>.
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 titleIreland 2020
 descriptionJapan has been a favorite market for Irish companies in the Asia-Pacific region not only because the Japanese value loyalty in business, but also because they share an open-mindedness towards game-changing innovation. In the recent years, Ireland has gained global admiration for becoming a leading hub for technology. It has also convinced some multinational companies to move their European headquarters and main operations bases there. Although medical technology, fin-tech, aviation and engineering have shown impressive growth in exports to Japan, pharmaceuticals remain as the largest Irish export.
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 contentJapan has been a favorite market for Irish companies in the Asia-Pacific region not only because the Japanese value loyalty in business, but also because they share an open-mindedness towards game-changing innovation. In the recent years, Ireland has gained global admiration for becoming a leading hub for technology. It has also convinced some multinational companies to move their European headquarters and main operations bases there. Although medical technology, fin-tech, aviation and engineering have shown impressive growth in exports to Japan, pharmaceuticals remain as the largest Irish export.
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 titleColombia 2020
 descriptionAs Japan and Colombia celebrate 112 years of diplomatic relations this year, the world's third-largest economy remains the largest Asian investor in the South American economy and plans to further expand its investment in the country. Continuing its coverage of South America in The Japan Times, GMI Post explores Colombia's partnership with Japan and will cover the cities of Medellin, Cartagena, and Cali. Seven years after its previous report on Colombia, GMI Post's team will expand its scope into more sectors, such as legal services, agriculture, food & beverage, education and hospitality.
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 titleSouthwest USA 2020
 descriptionFollowing the success of the 2016 Report on the U.S. Southwest, GMI POST returns to the states of Colorado, New Mexico, Arizona, Utah and Nevada to the cities, companies and people who shared long cultural and business ties with Japan, as well as offer fresh business opportunities investors in the two countries. As the Japanese government reaffirms its commitment to Society 5.0 initiative - vision for a human-centered society that balances economic progress and social development through the closer integration of physical space and cyberspace - the U.S. Southwest hopes to become an investment destination and an innovation partner for Japanese innovators.
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 titleU.S. Pacific Northwest 2019
 descriptionWhether one prefers to ski down snow-covered peaks, hike up lush mountains or just enjoy a glass of wine on the beach, the Pacific Northwest has attracted a wide range of visitors from around the world, an increasing number of them from Japan. Because of their proximity to Asia, the states of Oregon and Washington have also positioned themselves as ideal partners for business. As the base of some of the world's largest companies, including the most connected technology giants, the two states boast very stable economies, one thing to consider for potential Japanese investors.
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 titleUruguay 2019
 descriptionGMIPOST is putting together a Special Report on Uruguay to commemorate the 110th anniversary of the arrival of the first Japanese immigrants to the country. As South America's middle market companies continue to grow, Japanese investors closely monitor the developments in this large, dynamic market. Casting a vote of confidence, Japanese giant SoftBank has already invested $5 billion in the region.
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 titleChile 2019
 descriptionAs host of this year's APEC 2019 in November and organizer of the U.N. Climate Change Conference (COP25) in December, Chile will be on the global spotlight again. Over several years, Chile has earned a reputation for being an ideal business hub in South America because of its open economy and business-friendly policies. In the 2018 Global Competitiveness Report, the country was 33rd among other 137 countries and 56th in Ease of Doing Business.
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 titleSlovakia 2019
 descriptionCelebrating more than 25 years of diplomatic relations, Slovakia and Japan have recognized great opportunities for stronger economic cooperation. And as Japan's changing demographics present challenges in terms of domestic growth, around 3.8 million SMEs are seeking opportunities in new overseas markets like Slovakia. With the EU-Japan Economic Partnership Agreement coming into force in February 2019, Slovakia and Japan are well positioned to strengthen their business ties.
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 descriptionCelebrating more than 25 years of diplomatic relations, Estonia and Japan have recognized great opportunities for stronger economic cooperation. And as Japan's changing demographics present domestic challenges, roughly 3.8 million Japanese SMEs are recognizing opportunities for investment in untapped overseas markets like Estonia. With the EU-Japan Economic Partnership Agreement entering into force in February 2019, Estonia and Japan are in excellent positions to further deepen their bonds.
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 titleFrance 2019
 descriptionTentatively set for publication in July/August 2019, the Special Business Report on France will examine France's strongest and fastest growing industries and companies, and the impact these have on the world's development - as well as the country's investment and partnership opportunities. It also aims to strengthen its relationship with other world leaders such as the United States.
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 titleNorthern Italy 2019
 descriptionGlobal Media Inc. continues its coverage of the European Union with its upcoming Special Business Report on Northern Italy. The report, in partnership with the Japan Times, is set for publication in the first quarter of 2019 and will cover the cities of Milan, Turin, Genoa and Venice.
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 titleSoutheastern USA 2019
 descriptionGlobal Media Inc. continues its coverage of the United States with its upcoming Special Business Report on Southeast USA, with the team traveling across West Virginia, Virginia, the Carolinas, and all the way down to Georgia and Florida.
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 descriptionGlobal Media Inc. and Foreign Affairs, following their successful 2013 report, return to Malaysia this year to highlight the country's increasing importance to the global economy. Coming out of retirement, Prime Minister Mahathir Mohamad has unveiled his vision for a "New Malaysia," which focuses on rebuilding a favorable business and investment environment.
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 titleEastern USA 2018
 descriptionStretching from Virginia to Maine, the Mid-Atlantic and New England states were part of the Thirteen Original Colonies that declared independence from Great Britain. Owing to its history, heritage and location, these states contain America's largest population centers and is home to the country's oldest and most prestigious universities, which have become leading innovators in life sciences, engineering, IT, defense, the arts, and culture.
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 titleAustralia 2018
 descriptionGlobal Media Inc. and Foreign Affairs, following the successful 2012 report, return to Australia this year, to highlight the country's increasing importance to the global economy. After nearly 27 years of economic growth, a record run for a developed nation, Australia remains a top 10 destination for foreign investment. U.S. investment has made an incredible impact on the country, adding around $800 million and hundreds of thousands of jobs to the economy.
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 descriptionIn 2017, Vietnam's GDP growth surged to 6.8 percent, its best performance in ten years. Aiming to have one million efficient companies and privatize 137 state-owned enterprises by 2020, the government remains determined to improve the country's overall business environment through various administrative reforms. Amid these changes, Vietnam has become one of the top investment destinations in the Asia-Pacific as new opportunities continue to arise.
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 titleGermany 2018, Pt. 2
 descriptionAs the world’s fourth-largest largest economy and Europe’s leading economy, Germany looks to 2018 with pressing issues. How does the German economy keep its dominant position within the European Union, particularly following Brexit next year? Can the country take over from the UK as the region’s leading financial center?
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 titleU.S. Great Lakes 2018
 descriptionWith a relationship going back more than 160 years, the United States and Japan share very deep historical ties. And the Midwest states of Illinois, Wisconsin, Michigan, Indiana and Ohio have played vital roles in strengthening that relationship. Trade and investment between those Great Lakes states and Japan support tens of thousands of jobs and account for billions of dollars every year Global Media Inc. returns to the U.S. Midwest to highlight old success stories and new investment opportunities in the region.
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 titleQatar 2018
 descriptionWidely known as an oil-rich state, Qatar has built a reputation over the years as a more diversified economy with a globalized outlook on development. Apart from the usual petrochemical players, the country boasts large local flagships as well as new contributors to its nation-building project.
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 contentWidely known as an oil-rich state, Qatar has built a reputation over the years as a more diversified economy with a globalized outlook on development. Apart from the usual petrochemical players, the country boasts large local flagships as well as new contributors to its nation-building project.
 publication_date2018-02-16
 creation_date2018-02-16
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 titleQatar 2017
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 titleSingapore 2017
 descriptionAfter celebrating 50 years of independence in 2015, Singapore enters a new phase in its history. With this recalibration, the world is keen to know what's next for the small island-nation, widely emulated as a model of cultural diversity and economic success.
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 titleCambodia 2017
 descriptionHaving shed its image as a strife-ridden country, the Kingdom of Cambodia has made great strides in building a bright, sustainable future for its people. Made up of a population of 15 million, half of which are under 25 years old, Cambodia’s demographics present the perfect condition to speed up economic growth.
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 titleSouthern California 2017
 descriptionDuring his state visit to the United States in April 2016, Japanese Prime Minister Shinzo Abe reaffirmed his confidence that Japan and the United States would “together pave the way toward a new era.” He also acknowledged the “infinite possibilities” for increased Japanese-U.S. collaboration. Global Media Inc. will be revisiting Southern California to prepare a special business report highlighting the ties between Japan and the United States. The report follows the success of the regional reports produced in 2014 and 2015 on the strong Japanese-American links in Los Angeles, San Diego, Northern California, the Midwest USA, Southern USA, Southwest USA, New England and the Atlantic Coast. The special report will provide an update on the strong relationship between Southern California and Japan. As of 2016, Japan stands as the largest source of foreign-owned enterprise (FOE) jobs in Southern California, accounting for 21.7% of all FOE jobs in the region, with 2,440 Japanese-affiliated companies providing over 79,000 jobs. Scheduled to be published in June of 2017, the Special Business Report on Southern California will promote the robust trade and investment environment in the region.
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 place
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 titleBolivia 2017
 descriptionWith an annual GDP growth exceeding 5% per year, Bolivia has one of the region's most dynamic economies. Mining of silver, zinc and gold has remained Bolivia's traditional revenue earner. But with a young and growing population, a rising middle class, and enormous tracts of arable land, the country is looking beyond mining and is promoting investments in the services, construction, real estate and agriculture sectors. Bolivia's success is best exemplified by Santa Cruz, once a backwater town of just 40,000 people 50 years ago. Today, the city is home to 3 million Bolivians, or nearly 30% of the country's population, and accounts for almost 40% of Bolivia's economic activity and foreign direct investments. This phenomenal growth is attributed to the city’s strategic location, rich natural resource and more importantly, the residents’ appetite for risk and openness to doing business. Scheduled to be published in the April 2017 in the Japan Times, the Special Business Report on Bolivia will highlight the investment potential of the country and its different cities.
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 titleJapan 2017
 descriptionWith Tokyo set to host the Olympics and Paralympic Games in 2020, Japan hopes to build further on its image as a major global player and spur a much-needed boost to the economy of the world’s third-largest economy. As an innovator in a wide range of industries, Japan has exported its game-changing technologies and expertise with the rest of the world. With its recent entry into the Trans-Pacific Partnership Agreement (TPPA), the country has opened up more opportunities for its companies and entrepreneurs overseas? What does the future hold for this global powerhouse? Scheduled to be published in the March/April 2017 issue of Foreign Affairs, the Special Business Report on Japan will serve as a follow up on two previous reports, including the one in 2013 headlined by Prime Minister Shinzo Abe.
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 contentAs an innovator in a wide range of industries, Japan has exported its game changing technologies and expertise to the rest of the world. However, over the past two decades, its economy has experienced sluggish growth. Maintaining its position as the third’s largest economy, Japan continues to find new ways in creating economic boost. “As the Japanese government works on a wide range of policies aimed at stimulating economic growth, the ACCJ has offered policy prescriptions that encourage further reform and growth in Japan,” said Christopher LaFleur, President of the American Chamber of Commerce in Japan. Earlier this year, Prime Minister Shinzo Abe reiterated that his top priority continues to be economic growth, with accelerating Abenomics being key. Introduced in 2012, Abenomics is a set of economic policies combining aggressive fiscal spending, monetary policy, and structural reform.
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 titleSweden 2016
 descriptionBecause of its readiness to adapt to the rapid changes and huge demands of the global economy, Sweden has remained one of Europe’s most vibrant and stable economies. Once known as a traditional industrial power, the country of only 10 million people has repeatedly reinvented itself and continues to impact billions of people around the world more than they realize. What drives this success? An open attitude, a strong entrepreneurial spirit and a constant thirst for innovation have been those driving forces. The upcoming Special Business Report on Sweden, to be published in late 2016, will be the maiden report on this country in Forbes and Forbes Asia. The report will highlight Sweden’s success stories, its most dynamic sectors, and the most critical partners for business growth.
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 titleBrunei 2016
 descriptionBuilding on more than 30 years of diplomatic relations, Brunei Darussalam and Japan have expanded economic collaboration to beyond the petroleum industry. Over the past few years, several Japanese companies have discovered various investment opportunities in this oil-rich sultanate determined to diversify its economy. Tentatively entitled “Exploring New Fields of Cooperation,” The Special Business Report on Brunei is scheduled to be published in September 2016 in the Japan Times. The report aims to promote the sultanate as a hub for investment, trade, education, and tourism.
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 tags
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 titlePanama 2016
 descriptionWith the Panama Canal Extension Project approaching completion and the agreement to build the Metro Line 2 recently signed, the buzz surrounding bilateral relations between Japan and Panama is arguably at an all-time high. Amid this very bullish atmosphere, Global Media aims to further promote business ties between the two countries through its 2016 Special Business Report on Panama, to be published in The Japan Times concurrently with the Canal extension’s official opening.
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 titleThailand 2016
 descriptionDespite recent challenges, Thailand has remained successful in keeping its economy very competitive as it also proceeds with program to normalize the political situation in the country.
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 titlePeru 2015
 descriptionToday, as the Pacific Alliance - composed of Peru, Chile, Colombia, and Mexico - seeks to create a Latin American gateway to Asian markets, Peru plays an important role in bringing this vision to fruition.
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 tagsForbes Asia, Peru, Latin America, Economy, Trade, Investment, Pacific Alliance
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 titleCanada 2015
 descriptionAmid the backdrop of the on-going Trans-Pacific Partnership negotiations, Canada has taken significant steps towards strengthening its relations with its Asian counterparts. Recent visits to the region by Prime Minister Stephen Harper, Foreign Minister John Baird and Minister of International Trade Ed Fast all emphasize the importance being given by Canada to developing relations and trade across the Pacific.
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 contentAmid the backdrop of the on-going Trans-Pacific Partnership negotiations, Canada has taken significant steps towards strengthening its relations with its Asian counterparts. Recent visits to the region by Prime Minister Stephen Harper, Foreign Minister John Baird and Minister of International Trade Ed Fast all emphasize the importance being given by Canada to developing relations and trade across the Pacific.
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 titleSingapore 2015
 descriptionOn August 9, 2015, Singapore celebrates its fiftieth birthday. This date marks an important achievement for Singapore, given its abrupt expulsion from the Federation of Malaysia. Today, Singapore is a city-state and nation-state, the only one of its kind in the world.
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 titleTaiwan 2014
 descriptionOccupying a total area of only 36,000 square kilometers and with a population of 23.4 million, Taiwan wields more influence on the global economy than countries around the world with more natural resources and manpower.
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 tagsTaipei, Taipei 101, Philippe Le Saux, Elizabeth Arcega
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 contentThe upcoming report, due to be published in the November/December 2014 edition of <a href="http://www.foreignaffairs.com" target="_blank">Foreign Affairs</a>, will highlight opportunities in Taiwan for overseas collaboration, investment and trade. Philippe Le Saux and Elizabeth Arcega update from the field. June 20: The team hit the ground running as Week 1 in Taiwan unfolded. All but one of our initial meetings were with foreigners who have chosen to do work and do business in Taiwan. These discussions gave us an interesting preview of what we can expect to hear throughout this stay: Passion and enthusiasm from foreign executives who have discovered the merits of being in this country. This positivity was echoed by the first Taiwanese individuals that we met, the leadership of the <a href="http://www.taipei-101.com.tw/en/index.aspx" target="_blank">Taipei Financial Center Corporation</a>, which is responsible for Taiwan’s most iconic structure: The Taipei 101 Tower. The warmth of our welcome, paired with the rhetoric of excitement and openness conveyed by the Taiwanese, shows the tremendous potential of the 2014 Taiwan Report. - PLS
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 titleSan Diego 2014
 descriptionSan Diego, one of the most recognized counties in California, is located at the state’s southernmost point and has long been among the most popular destinations not only within California but within the entire country. According to the San Diego Tourism Authority, the county welcomes more than 33 million visitors every year, all of whom spend nearly $8.4 billion. The significant contribution of the tourism industry extends beyond county borders as it generates more than $388 million dollars annually in state and local taxes.
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 titleLos Angeles 2014
 descriptionAs the United States and Japan commemorated the 160th anniversary of the signing of the Treaty of Peace and Amity in 2014, both countries looked back at how their economies have grown increasingly integrated over the years and have prospered to account for one-third of the world’s output.
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 placeLos Angeles
 tagsLos Angeles, City, Lakers, Japan, Investment
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 titleSarawak 2013
 descriptionDuring a six-month-long celebration of Malaysia’s 50th anniversary of independence from Britain, Sarawak Chief Minister Tan Sri Abdul Taib Mahmud has highlighted the resource-rich state’s economic achievements and outlined the government’s program to ensure continued growth.
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 contentDuring a six-month-long celebration of Malaysia’s 50th anniversary of independence from Britain, Sarawak Chief Minister Tan Sri Abdul Taib Mahmud has highlighted the resource-rich state’s economic achievements and outlined the government’s program to ensure continued growth.
 publication_date2013-10-01
 creation_date2014-06-24
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 titlePanama 2013
 descriptionSince the introduction of an economic liberalization program and the privatization of state assets in the mid-1990s, Panama has experienced steep growth in its gross domestic product that many nations in any part of the world will surely find enviable. Over the past 20 years, Panama has laid out the groundwork to become the region’s foremost center in logistics and financial services — a sensible next step in the economy’s development given its position as one of the world’s most important conduits of maritime trade. One of the fastest–growing economies in the Americas, Panama has achieved average GDP growth of 8 percent over the past decade, with the annual figure surpassing 10 percent in some years.
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 titleMalaysia 2013
 descriptionSince it gained independence in 1957, Malaysia has undergone a remarkable transition from an agricultural economy to a dynamic manufacturing and services-driven economy, a feat that has consolidated its reputation as one of Southeast Asia’s economic powerhouses. With more than 28 million people, Malaysia’s success is a result of hard work, wisdom, and as resilience of our leadership and our multi-ethnic, multi-religious people.
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 placeMalaysia
 tags
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 contentSince it gained independence in 1957, Malaysia has undergone a remarkable transition from an agricultural economy to a dynamic manufacturing and services-driven economy, a feat that has consolidated its reputation as one of Southeast Asia’s economic powerhouses. With more than 28 million people, Malaysia’s success is a result of hard work, wisdom, and as resilience of our leadership and our multi-ethnic, multi-religious people.
 publication_date2013-06-30
 creation_date2014-06-24
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 titleShanghai 2012
 descriptionUsually when one thinks of educational exchanges between the United States and China, the image is of ambitious Chinese engineering and business students heading westward. But with a global awareness of China’s growing role in world, more American students than ever are heading east to better understand the country’s unique culture, language, and business environment. China is now the fifth-largest destination for American students, with more than 14,000 studying abroad in China in 2010, a large jump from 3,000 students a decade ago.
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 contentUsually when one thinks of educational exchanges between the United States and China, the image is of ambitious Chinese engineering and business students heading westward. But with a global awareness of China’s growing role in world, more American students than ever are heading east to better understand the country’s unique culture, language, and business environment.
 publication_date2012-06-01
 creation_date2014-06-24
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 titleTaiwan 2011
 descriptionFor a country that occupies just over 13,000 square kilometers, Taiwan’s geographical size belies its economic clout and political importance in Asia and the rest of the world. Together with Singapore, South Korea and Hong Kong, Taiwan was among the so-called Asian Tigers that impressed the world with their rapid industrialization in less than a generation following the devastation of the Second World War.
 urltaiwan-2011
 placeTaiwan
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 left_block_image
 main_image
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 contentFor a country that occupies just over 13,000 square kilometers, Taiwan’s geographical size belies its economic clout and political importance in Asia and the rest of the world. Together with Singapore, South Korea and Hong Kong, Taiwan was among the so-called Asian Tigers that impressed the world with their rapid industrialization in less than a generation following the devastation of the Second World War.
 publication_date2011-07-20
 creation_date2014-06-24
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 titleJapan 2011
 descriptionIn this second decade of the 21st century, economic and societal globalization has continued its unfettered acceleration. Amid this milieu, Prime Minister Naoto Kan unveiled his government’s new program, Heisei no Kaikoku (sometimes translated as “The Heisei Era’s Second Opening”), which features several innovative solutions to various issues, unprecedented changes, and new values faced by the world community.
 urljapan-2011
 placeJapan
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 left_block_image
 main_image
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 contentIn this second decade of the 21st century, economic and societal globalization has continued its unfettered acceleration. Amid this milieu, Prime Minister Naoto Kan unveiled his government’s new program, Heisei no Kaikoku (sometimes translated as “The Heisei Era’s Second Opening”), which features several innovative solutions to various issues, unprecedented changes, and new values faced by the world community.
 publication_date2011-06-01
 creation_date2014-06-20
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 titleIndonesia 2010
 description
 urlindonesia-2010
 placeIndonesia
 tagsIndonesia, Southeast Asia
 is_published(true)
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 pdf_pathFA-Indonesia 2010.pdf
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 small_imageSmall-front-Indo-2010.jpg
 left_block_image
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 contentThe Indonesia Report 2010 was one of the first.
 publication_date2010-06-01
 creation_date2014-06-13
 is_active(true)
 participant_count0
 source_custom_url
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 titleSerbia 2023
 descriptionJapanese-Serbian relations started with a simple letter sent in 1882 by the first king of Serbia to Japan's Emperor Meiji. In the last 141 years, the partnership between these two countries has emerged stronger, having weathered two world wars and lending each other support following civil conflict and natural disasters.
 urlserbia-2023
 place
 tagsJapan, Serbia, Economy, Investment, Manufacturing, Tourism
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 pdf_pathJT-2023-SERBIA.pdf
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 contentJapanese-Serbian relations started with a simple letter sent in 1882 by the first king of Serbia to Japan’s Emperor Meiji. In the last 141 years, the partnership between these two countries has emerged stronger, having weathered two world wars and lending each other support following civil conflict and natural disasters.
 publication_date2023-06-09
 creation_date2023-06-09
 is_active(true)
 participant_count0
 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20230609-GMI-Serbia.pdf
 digital_linkhttps://www.japantimes.co.jp/country-report_category/serbia-report-2023/
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 titleSouthern USA 2023
 descriptionFor more than half a century, the Southern United States has attracted Japanese automakers and hundreds of other Japanese companies within the automotive supply chain, successfully drawing them in with a business-friendly environment and a consistent stream of reliable skilled workers.
 urlsouthern-usa-2023
 place
 tagsJapan, US, Alabama, Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma
 is_published(true)
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 pdf_pathJT-2022-SOUTH USA.pdf
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 contentFor more than half a century, the Southern United States has attracted Japanese automakers and hundreds of other Japanese companies within the automotive supply chain, successfully drawing them in with a business-friendly environment and a consistent stream of reliable skilled workers.
 publication_date2023-03-17
 creation_date2023-03-17
 is_active(true)
 participant_count0
 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20230317-GMI-Southern_USA.pdf
 digital_linkhttps://www.japantimes.co.jp/country-report_category/southern-usa-report-2023/
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 titleJapan SMEs 2022
 descriptionAs the base of many of the largest global brands, like Toyota, Sony, Honda, to name only a few, Japan built its economic muscle on the back of thousands of small- and medium-sized firms, some of them still family-owned, that maintain a strong ethos of workmanship, or monozukiri, while adapting an innovative spirit to keep them competitive.
 urljapan-smes-2022
 place
 tagsJapan, Economy, SMEs
 is_published(true)
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 pdf_pathFA-JAPAN SMEs 2022-B.pdf
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 publication_date2022-12-01
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 titleSouthern California 2022
 descriptionLike many regions and cities across the United States, Los Angeles has gone through challenging times over the past two years. Thankfully, because of its geographical size and diverse economy, the city has weathered the economic slowdown quite well. Demographics have also played a vital role in strengthening the economy: There is a growing population of young people becoming more active in the workplace and starting their own businesses.
 urlsouthern-california-2022
 place
 tagsSouthern California, Japan, Economy, Investment
 is_published(true)
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 pdf_pathJT-LOS ANGELES 2022.pdf
 pdf_preview_pathJT-LOS-ANGELES-2022-Page-1.jpg
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 small_imageSoCAL-2022-sm.jpg
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 contentLike many regions and cities across the United States, Los Angeles has gone through challenging times over the past two years. Thankfully, because of its geographical size and diverse economy, the city has weathered the economic slowdown quite well. Demographics have also played a vital role in strengthening the economy: There is a growing population of young people becoming more active in the workplace and starting their own businesses.
 publication_date2022-06-30
 creation_date2022-06-30
 is_active(true)
 participant_count0
 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20220630-GM-Southern_California.pdf
 digital_linkhttps://www.japantimes.co.jp/country-report_category/southern-california-report-2022/
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 titleUS Midwest 2022
 descriptionMore than two years into the pandemic, the states in the U.S. Midwest are showing signs of a strong recovery. Many businesses have seen new opportunities for growth and technological innovation, reminiscent of the boom that characterized the postwar era in the United States.
 urlus-midwest-2022
 place
 tagsUS, Japan, Economy, Investment, Midwest, Illinois, Indiana, Michigan, Ohio, Wisconsin
 is_published(true)
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 pdf_pathJT-MIDWEST 2022-sm.pdf
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 contentBecause of its excellent infrastructure and well-developed transport links, the U.S. Midwest has become an important logistics center, a position that local and international businesses appreciated more in light of the protracted COVID-19 pandemic that strained supply chains across the globe and stunted economic growth. More than two years into the pandemic, GMI Post reports on how the centrally located region is displaying a strong recovery.
 publication_date2022-03-15
 creation_date2022-03-15
 is_active(true)
 participant_count0
 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20220315-GM-US_Midwest.pdf
 digital_linkhttps://www.japantimes.co.jp/country-report_category/u-s-midwest-report-2022/
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 titleTexas 2021
 descriptionAs the global economy reels from the shock dealt by COVID-19 in 2020, some countries have begun showing signs of recovery from the pandemic. In the U.S., the state of Texas in particular, has attracted new investment from Japan because of its entrenched competitiveness and established industrial base. This year, GMI Post took a look at how different cities and areas of Texas have capitalized on that momentum.
 urltexas-2021
 place
 tagsJapan, Texas, Economy, Investment
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 pdf_path20211013-GMI-Texas-sm.pdf
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 contentAs the global economy reels from the shock dealt by COVID-19 in 2020, some countries have begun showing signs of recovery from the pandemic. In the U.S., the state of Texas in particular, has attracted new investment from Japan because of its entrenched competitiveness and established industrial base. This year, GMI Post took a look at how different cities and areas of Texas have capitalized on that momentum.
 publication_date2021-10-13
 creation_date2021-10-13
 is_active(true)
 participant_count0
 source_custom_urlhttps://info.japantimes.co.jp/international-reports/pdf/20211013-GMI-Texas.pdf
 digital_linkhttps://www.japantimes.co.jp/country-report_category/texas-report-2021/
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 titleEducation in Japan 2021
 descriptionGMI Post is preparing a Guide to Education in Japan to be published in Foreign Affairs magazine in mid- 2021. This report follows GMI Post’s series of successful reports on Japan that began in 2011. Amid the current SARS-CoV-2 global pandemic, several thousands of international students face various questions and challenges related to studying abroad just as Japan wants to position itself as an attractive destination for non-Japanese students. The upcoming report will serve as a guide that will promote Japan’s most reputable educational institutions, highlight the excellence, openness and safe environment in Japan, as well as foster stronger partnerships between Japanese schools and the rest of the world. Any inquiries regarding this report can be directed to Lala Cortes and Karen Lee.
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 place
 tagsEducation, Japan
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 contentGMI Post is preparing a Guide to Education in Japan to be published in Foreign Affairs magazine in mid- 2021. This report follows GMI Post’s series of successful reports on Japan that began in 2011. Amid the current SARS-CoV-2 global pandemic, several thousands of international students face various questions and challenges related to studying abroad just as Japan wants to position itself as an attractive destination for non-Japanese students. The upcoming report will serve as a guide that will promote Japan’s most reputable educational institutions, highlight the excellence, openness and safe environment in Japan, as well as foster stronger partnerships between Japanese schools and the rest of the world. Any inquiries regarding this report can be directed to <a href="mailto:lala@gmipost.com?subject=Report%20on%20Education%20in%20Japan" target="_blank" rel="noopener">Lala Cortes</a> and <a href="mailto:karen@gmipost.com?subject=Report%20on%20Education%20in%20Japan" target="_blank" rel="noopener">Karen Lee</a>.
 publication_date2021-09-01
 creation_date2021-04-02
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 titleEducation in the Commonwealth 2021
 descriptionAs of 2019, there were an estimate 5.5 million international students around the world, a significant percentage of which came from China. As the middle class continues to expand in the world's largest economy, more parents seek an international education for their children. With this guide, GMI Post hopes to provide parents and students in China with information that will help them decide which educational institutions in Australia, Canada, New Zealand, and the United Kingdom will best serve their academic objective and warmly welcome them.
 urleducation-in-the-commonwealth-2021
 place
 tagsEducation, Commonwealth, Australia, Canada, UK, New Zealand
 is_published(true)
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 pdf_pathEducation Guide 2020-For FCMay 03 2021-sm.pdf
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 left_block_image
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 contentAs of 2019, there were an estimate 5.5 million international students around the world, a significant percentage of which came from China. As the middle class continues to expand in the world's largest economy, more parents seek an international education for their children. With this guide, GMI Post hopes to provide parents and students in China with information that will help them decide which educational institutions in Australia, Canada, New Zealand, and the United Kingdom will best serve their academic objective and warmly welcome them.
 publication_date2021-01-30
 creation_date2021-01-30
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 source_custom_url
 digital_link
 pdf_path_2Education Guide 2020-ENG.pdf
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 titleGreece 2020
 descriptionWhen Greece and Japan celebrated the 120th anniversary of the establishment of formal diplomatic relations last year, the two countries welcomed "a new era of partnership in business and culture." The milestone came at an auspicious time as Greece continued on its road to economic recovery and Japan strengthened its efforts to expand its relations with Europe as the EU-Japan Free Trade Agreement came into effect.
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 titleLos Angeles 2020
 descriptionAfter 160 years of shared history, the USA and Japan have become strong partners in diplomacy and trade. This is especially evident in Southern California, where Japan remains the largest source of foreign direct investment and significant driver of its economy. As of January 2020, there are around 800 Japanese companies in Southern California, which generate about 80,000 jobs. Both sides look forward to a further flourishing of relations with the accession of Japan's Emperor Naruhito last May and the start of Reiwa Era, which aspires to bring "beautiful harmony" between Japan and its friends, and with a signing of a new limited trade deal.
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 titleNorthern California 2020
 descriptionNow with more than 900 Japanese-affiliated companies in the Bay Area alone, Northern California has once again proven itself to be the hothouse for collaboration and innovation between U.S. and Japanese business. GMI Post returns to Northern California following the success of its last special business report back in 2014. This planned report will identify organizations across the Bay Area that want closer ties with Japan across various industries, such as technology, financial services, retail, manufacturing and agriculture.
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 titleEcuador 2019
 descriptionGMI Post is headed to Guayaquil and Quito to research and prepare a Special Business Report on Ecuador, to be published in the Japan Times in the 4th quarter of 2019, in commemoration of the 100th anniversary of diplomatic relations between Japan and Ecuador. This is part of GMI Post's ongoing series of reports on South America. During last year's visit to Ecuador, Japanese Foreign Minister Taro Kono cited that as more Japanese companies were looking towards Ecuador, more Ecuadorian products were reaching Japanese consumers than ever before. Trade between Japan and Ecuador reached $1.2 billion in 2017 as value-added Ecuadorian products such as cacao, shrimp and bananas have become highly sought after in the Japanese market.
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 titleSaudi Arabia 2019
 descriptionGuided by its Vision 2030, the Kingdom of Saudi Arabia has committed itself to a path of economic, industrial, social and digital transformation. As changes occur at a breakneck pace, the drive towards diversification has been anchored on the kingdom's natural strengths and assets. Among these reforms include the launch of e-visas, which open up Saudi Arabia to a wider variety of tourists from around the world, thereby creating more kinds of opportunities for foreign investment. In developing its partnerships, the Saudi government and business leaders have sharpened their focus on Asia.
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 titlePeru 2019
 descriptionWith its GDP growing an average of 4 percent a year, Peru economy has outperformed those of its neighbors Traditionally a mining country, the country has developed new growth opportunities in non-traditional agricultural exports, manufacturing, tourism and new technologies. Thanks to the Pacific Alliance, the CPTPP and its commitment to globalization, Peru and Japan have found new areas of collaboration on which to forge a stronger relationship for many years to come.
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 titleCanada 2019
 descriptionGMI Post returns to Canada in a reboot of its 2015 Report. This new report will identify various sectors and regions that present the most promising opportunities for increased collaboration, while featuring successful Canadian organizations that are ideal partners in the region.
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 titleSouthern USA 2019
 descriptionGlobal Media Inc. continues its tour of the United States with its upcoming Special Business Report on the Southern USA, covering the States of Florida, Alabama, Tennessee, Kentucky, Mississippi and Louisiana.
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 tags
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 titlePortugal 2019
 descriptionGlobal Media continues its coverage of the EU with the Special Business Report on Portugal for Foreign Affairs. Covering the business center of Lisbon, as well as the cities of Porto, Faro, Evora and Coimbra, the report will highlight the country's strengths and contributions to the global market.
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 publication_date2019-06-18
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 titleNew Zealand 2019
 descriptionWith its large number of export-focused industries, New Zealand has had to be pragmatic about trade, given the size of its economy and its geographic distance to the world's largest markets. It was the first developed country to sign a free trade agreement (FTA) with China, its largest trading partner followed by Japan and Korea. "We are a geographically isolated nation that places huge reliance on the economic benefit derived from engaging in trade. We need some predictability around that and that is why we really focus and support multilateral agreements," explained Prime Minister Jacinda Ardern, who expanded New Zealand's FTA with Singapore and initiated new trade talks with the European Union.
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 titleIreland 2019, Part 2
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 titleIreland 2018
 descriptionThe Japan Times, in partnership with Global Media Inc., is tentatively set to publish a Special Report on Ireland in October. The report will celebrate the 60th anniversary of diplomatic relations between Ireland and Japan by highlighting the success stories of this bilateral relationship and identifying more opportunities for growth.
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 titleSouth Korea 2018
 descriptionAs one of Asia’s most stable and most dynamic economies, South Korea maintains its status as a global leader because of its commitment to free trade and mastery of technological innovation. Following his inauguration last May, President Moon Jae-in reaffirmed his government’s plan to strengthen its international relations, especially in trade and investment.
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 descriptionThe fourth-largest source of foreign direct investment in Texas, Japan has accounted for for more than 200 investments and projects over the last decade. This year marks a milestone in relations between the two sides as the Japan America Society of Houston celebrates its 50th anniversary and U.S.-Japan Council holds the first Japan-Texas summit in the same city in May.
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 titleJapan 2018
 descriptionAs Abenomics shows signs of working, Japan is experiencing record growth. The world is keen to see Japan’s next steps for its comeback as the Asian leader and strategic partner. While Abe’s administration continues to hold trade talks with the US, EU, ASEAN, and other blocs, its different sectors need to demonstrate its capabilities. Manufacturers’ confidence is on a record high, while other fields such as life science and services, continue to rise. The Special Business Report on Japan, tentatively scheduled for publication in the March/April 2018 issue of Foreign Affairs, follows two successful reports in March/April and July/August 2017. It will highlight Japan’s top and growing industries and businesses across prefectures, while identifying opportunities for investment and collaboration available to foreign companies.
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 titleGermany 2018
 descriptionThe economic center of gravity shifts further towards Asia. With over 4 billion people, Asia is becoming a more sophisticated consumer market for goods, services and ideas. And as tastes and standards in this part of the world improve, Western high tech manufacturers and knowledge workers will find ready and willing partners for prosperity. Being the 4th largest economy in the world, Germany has a lot to offer to this massive, diverse market. What does the 'Asian Century' mean for Europe and, as the economic powerhouse of the continent, for German business?
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 descriptionAs the primary gateway to the United States, the Northwest USA boasts very deep ties with Japan and still possesses opportunities for partnerships between companies from the two countries. Japan has remained the largest export market for majority of companies from the West Coast.
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 description2016 was a landmark year for Kazakhstan. It marked the 25th anniversary of the independence of Central Asia’s largest country and establishment of diplomatic relations with Japan. This year, with the hosting of the World Expo, the oil-rich republic wishes to highlight its accession to the World Trade Organization and its commitment to global peace and economic globalization. Just as Japanese Prime Minister seeks closer partnerships with countries around the world as part of his economic stimulus program, Kazakhstan President Nursultan Nazarbayev unveiled his own comprehensive development plan, dubbed “Nurly Zhol” (Bright Path), aimed at raising the standard of living for17 million Kazakhs.
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 descriptionCelebrating over 35 years since the enactment of the Taiwan Relations Act, the Republic of China (Taiwan) and the United States share a special bond. As Taiwan’s third largest trading partner, the U.S. continues to look towards the nation for its expertise in information and biotechnology. Taiwan, Asia’s 5th largest economy, now faces new challenges in the form of further transformation to a high-technology and service-oriented economy. Dubbed the “Silicon Valley of Asia”, Taiwan more than ever is keen on deepening its relationship with the U.S. and with both countries ushering in a change of government, the relationship between the two is expected to continue to flourish.
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 titleJapan 2017, Part 2
 descriptionWhile Japan, of course, boasts of global brands that no longer need any introduction such as Panasonic, Toyota and Sony, the country is an industrial and innovation powerhouse thanks to its small to medium-sized enterprises, which make up more than 98% of the country's businesses.
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 description2016 continues to be a year of momentum for Peru as the recently elected President Pedro Pablo Kuczynski consolidates his country’s position as one of the best performing economies in Latin America. With its many investment opportunities, Peru has become a gateway into South America and a reliable partner for growth. With a shared history that spans more than 140 years, Peru was the first Latin American country to formalize relations with Japan. Both countries have nurtured that long history to deepen their own cultures and economies. Amid increasing areas for cooperation, business leaders from Peru and Japan are exploring new business ventures. Scheduled to be published in February 2017, the Special Business Report on Peru will highlight the success of the country as host of this year’s Asia Pacific Economic Cooperation summit and provide a clear picture of the Peruvian economy.
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 titlePoland 2016
 descriptionWith its GDP growing impressively over the last two decades, Poland is well positioned to become one of Europe’s economic champions. The upcoming Special Business Report on Poland, to be published in the fourth quarter of 2016, will be the first-ever report on this country in Forbes and Forbes Asia. The report aims to promote the nation as a hub for investment, trade, education, and tourism. It will also highlight the little-known success stories from the Polish public and private sectors, while identifying new opportunities for business. The section will also recap the NATO conference in July.
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 titleChile 2016
 descriptionBordered by the Pacific Ocean to the west and by the Andes mountains to the east, Chile has faced geographical challenges in creating trade routes with its nearest neighbors. Undaunted by those limitations, the country has forged free trade agreements with some of the world’s strongest economies, such as the United States, China and Japan. Traditionally a mining economy with the world’s largest copper reserves, Chile has successfully expanded its economic base, capitalizing on its natural beauty to build a dynamic tourism industry and supporting its export sector to attract more investors from Latin America. To mark 120 years of diplomatic relations with Japan and the 10th anniversary of the Chile-Japan Economic Partnership Agreement, the upcoming Special Business Report on Chile in the Japan Times will highlight the stability of the country and its ideal investment climate.
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 titleSouthwest USA 2016
 descriptionIn recent years, the U.S. states of Colorado, Utah, Arizona and Nevada have reported among the fastest-growing economies in the country. With the imminent implementation of the Trans Pacific Partnership – a sweeping trade agreement that brings together the United States and 12 other Pacific Rim countries, including Japan – the world’s largest and third-largest economies are gearing up for a new era in global trade.
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 descriptionDue to its proximity to the nation's political capital and its financial center, the Eastern States play a significant role in promoting trade relations with the rest of the world.
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 descriptionCovering the Southern United States, the upcoming report serves to promote the robust trade and investment environment in the country and highlight the primary role of Japan and the United States in trans-Pacific trade.
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 contentCovering the Southern U.S.A., the upcoming report serves to promote the robust trade and investment environment in the country and highlight the primary role of Japan and the United States in trans-Pacific trade.
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 titleU.S. Midwest 2014
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 descriptionServing as an initial pillar of that relationship, agriculture still plays a major role in the relationship between California and Japan. In fact, the Asian country imports more agricultural products from the United States than from any other country. In 2012, exports of agricultural products to Japan reached $7 billion.
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 descriptionTo mark 160 years of diplomatic relations with Japan, U.S. President Barack Obama met with Prime Minister Shinzo Abe in April this year as part of a four-nation Asian tour, wherein regional security and increased trade cooperation dominated the agenda. The state visit — the first by an American president in nearly 20 years — started with Obama’s unequivocal commitment on mutual defense cooperation between the two longtime allies.
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 contentThe East Coast 2014 Report highlights dynamism at the US connection line to Asia. Lorem ipsum dolor sit amet en pluribum dosilii. This is the Content entry field.
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 contentEntering their 105th anniversary, relations between Colombia and Japan have assumed a higher profile over the last few years with high-level trips by officials from both countries, including a state visit to Tokyo by Colombian President Juan Manuel Santos in September 2011.
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 descriptionCurrently the richest country in the Arab world, Qatar is the largest supplier of liquefied natural gas and has the third-largest supply in natural gas reserves, which are projected to last for more than fifty years. But Qatar is also rich in ambition as it embarks on creating a future founded on a limitless resource — knowledge and innovation.
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