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PR Newswire

OctaFX Is Donating 25,000 USD to COVID-19 Relief

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KINGSTOWN, Saint Vincent and the Grenadines, April 17, 2020 /PRNewswire/ — OctaFX is a Forex broker implementing online trading services globally since 2011. It offers a state-of-the-art trading experience to over one million users. OctaFX has won more than 20 awards since its foundation, including the Best Forex Broker Asia 2019 award. The company is well-known for its social and charity activity. They announced an initiative to help combat the virus, which has affected many, with a 25,000 USD donation.

OctaFX is Donating 25,000 USD to COVID-19 Relief 
OctaFX is Donating 25,000 USD to COVID-19 Relief 

The beneficiaries of the 25,000 USD contribution are Aksi Cepat Tanggap, Indonesia, a humanitarian organisation; Malaysian Red Crescent Society, Malaysia; Vallalar Educational Trust, India; and Award Pakistan, Pakistan. These charities specifically serve impoverished families, medical workers, and those most impacted by the fallout from COVID-19. The donation will go towards purchasing of medical masks, hand sanitizers, and food. 

They reported that this is not their only initiative. Just recently they declared that they would be dramatically reducing their spreads up to 14 points. They have also asked locals to enquire about humanitarian organisations that could also benefit from an OctaFX monetary contribution. They’ll be holding a benefit lasting a month later beginning on the 23rd of April which will raise money to help those in need.

OctaFX always seeks new ways in which to provide support to local communities. They’ve challenged other brokers to match their relief efforts by cutting spreads and donating. OctaFX has a detailed history providing public assistance, and this is another example of how they value society. 

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Contact: marketing@octafx, +34-691-370-613

PR Newswire

Hainan Free Trade Port: A witness to China’s continued opening-up

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BEIJING, April 16, 2020 /PRNewswire/ — A news report by China.org.cn on Hainan Province, a provincial-level free trade port:

 

Hainan, the southernmost island province of China, has been attracting people from around the world for years with its blue waters, towering coconut trees, year-round sunshine and sandy beaches. Starting this year, China will build an open and distinctive free trade port on this beautiful island.

The Hainan Free Trade Port will be a special functional economic area with the highest level of openness in the world. Overseas products and funds will have free access within the port, and the majority of goods will be exempt from tariffs. This move reflects China’s determination to further open up to the rest of the world.

Thirty-two years ago, the Chinese government established the province of Hainan on what was then a closed-off and underdeveloped border island. It was later designated as a special economic zone (SEZ) to attract foreign investment with its preferential tax rates and favorable business environment. In 1992, Hainan established the Yangpu Economic Development Zone, the first zone in China to be comprehensively developed by foreign investors. Eight years later in 2000, Hainan took the lead to implement a policy of visas on arrival. The following year, the town of Boao in Hainan became the permanent venue for the annual Boao Forum for Asia. A series of initiatives like these have allowed Hainan to continue developing. Establishing special economic zones was also a breakthrough in China’s opening-up.

Back in 2018, Hainan created a pilot zone for free trade on the island. Two years later, it began to explore and establish a free trade port with Chinese characteristics, meaning, greater freedom in finance, investment and the flow of talents. The essence of the port goes beyond trade or favorable policies; it creates a truly open environment at the highest level in terms of the governance system, legal institutions and technological innovation, amongst others.

Hainan is blessed with a picturesque landscape. Its industrial structure focused around tourism and modern services will not only become an advantage and characteristic for the Hainan Free Trade Port, but also coincide with the rapid trade growth in global services and are in line with the development of many ports toward the service sector. Besides, as a provincial level SEZ, a free trade zone and a port, Hainan enjoys its scale. It also has comprehensive experience and has made such institutional innovations as “province-wide one-stop business registration” and “an integrated big data society governance system.”

All these factors will enable Hainan to become a global center for the trade in services. Meanwhile, as a pivot of the Belt and Road Initiative, the Hainan Free Trade Port will not only promote multilateral free trade and regional economic integration, but also share the benefits brought from China’s development with more countries.

Hainan’s evolution from special economic zone to free trade pilot zone, and now today’s free trade port, not only bears witness to its development, but also the continual opening-up of China, as well as its determination to build an open global economy featuring innovation and inclusiveness. Hopefully, in the future, more companies and talented personnel from around the world will come to the island and share in the benefits of free trade.

China Mosaic
 http://www.china.org.cn/video/node_7230027.htm

Hainan Free Trade Port: A witness to China’s continued opening-up
http://www.china.org.cn/video/2020-04/16/content_75939128.htm

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PR Newswire

GSIL and Samsung Engineering Sign Contract for Smart Safety Management System

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SEOUL, South Korea, April 16, 2020 /PRNewswire/ — In mid-March, GSIL, a member company of the Born2Global Centre, signed a new contract with the Korean conglomerate Samsung Engineering for the supply of GSIL’s smart safety management system to the construction site of Samsung Engineering’s Motor Control Center (MCC) at Green Building in Pyeong-taek, South Korea. The purpose of the contract is to implement safety policies and systems for employees who work in stuffy, airtight environments.

GSIL CI
GSIL CI

GSIL independently developed a smart safety management system for the prevention of safety accidents and the elimination of safety “gray areas” at construction sites. The system features a function that can ascertain a worker’s current location as well as an SOS-enabled emergency rescue system.

The system that GSIL will be providing not only tracks worker locations but also uses a large-screen tablet PC, installed at the water tank at each work site, to allow workers to exchange information about their work environment and receive alarms in the event of an accident or other problem. The system collects data and transmits real-time updates on the work environment, providing information on oxygen, carbon monoxide, carbon dioxide, combustible gas, and hydrogen sulfide levels in the water tank. This quick information system makes it possible to prevent injury and fatal accidents related to low oxygen levels or the influx of harmful gases into an airtight setting.

GSIL’s system also provides a timeline of workers entering and exiting the water tank that can be viewed anytime and maintains records on individual workers, indicating whether each worker has completed safety training and has received his/her annual health check-up. The system also features a well-organized rescue system for emergency situations that only requires the worker to press the SOS button on his/her sensor, which then immediately sounds an SOS alarm on all connected mobile and web devices, ensuring that everyone can quickly be made aware of the situation.

On March 20, the Ministry of Land, Infrastructure and Transport (MOLIT) promulgated a revised version of the Enforcement Rule of the Construction Technology Promotion Act that expanded the list of safety management fees that are required for the introduction of smart safety equipment. The revised rule’s addition of establishment/operation fees for safety management systems that utilize wireless communications/equipment to the list of official safety management expenses creates the necessary foundations for the use of cutting-edge technology at construction sites, namely through the application of smart safety equipment (based on IoT, big data, etc.). When passing the revised legislation, the MOLIT stressed its commitment to prioritizing the safety of on-site personnel by establishing a “quick response” basis for the early detection and removal of construction site dangers. The revised enforcement rule is expected to diversify the environments that can be equipped with GSIL’s smart safety management system.

Lee Jung-woo, CEO of GSIL, said, “The Pyeongtaek-Godeok construction site is a very important location in terms of Samsung Electronics’ enlargement of its new semiconductor facilities, which are expected to increase in number over the next ten years. GSIL is anticipating that the construction site will expand through Green building 1 and 2, which are the targets of this most recent contract.” GSIL is preparing the safety management system which can be applied to the confined area, such as the Samsung Engineering Tangjeong site and Samsung Electronics’ wastewater treatment facility.

Founded in 2016, GSIL has established and is operating smart construction management systems for work sites affiliated with the Korea Rail Network Authority (Gangwon branch), Korea Midland Power, and Samsung Engineering. It is also preparing to enter the Middle Eastern market and has already signed an agent contract with a subsidiary of the Bayan National Construction Contracting Company, a general construction company that is based in Kuwait. GSIL is also currently involved in negotiations for the application of its safety system and/or collaborative endeavors related to the F1 circuit (Kuwait Motor Town) and a smart city in Kuwait, PEPCO in the USA, Long Son Petrochemical in Vietnam, and a power plant in Indonesia.

For more detailed information on GSIL, visit http://www.gsil.net/.

Media contact

Jane Shin
Manager, GSIL
jane@gsil.kr

Jina Lee
PR Manager, Born2Global Centre
jlee@born2global.com

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