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Sino Jet Tops Fleet Size Rankings in Asia Pacific For The Fifth Year

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Sino Jet Tops Fleet Size Rankings in Asia Pacific For The Fifth Year

HONG KONG, May 15, 2024 /PRNewswire/ — Asian Sky Group recently released its “2023 Asia-Pacific Business Aviation Fleet Report,” revealing that as of 2023, the region boasts a total of 1,154 business jets. Despite Greater China’s continued dominance in the market, the Chinese mainland and Hong Kong have seen a three-year decline, with a total reduction of 19 jets in 2023, reducing the total to 326 jets.

Remarkably, amidst the general downturn of the Chinese business jet market, Sino Jet has demonstrated significant growth, standing out against the backdrop of a weak market. Data indicates that Sino Jet has secured the top spot in the Chinese business jet market for five consecutive years, being the sole Chinese entity among the top five business jet operators in the Asia-Pacific to achieve fleet expansion. Furthermore, the gap with its rivals is progressively widening, reinforcing its status as the industry’s foremost player.

Founded in 2011, Sino Jet has evolved into a premier provider of comprehensive business jet solutions, with its headquarters in Beijing. Its services encompass business jet management, charter services, business jet terminal operations, luxury travel, and ground support, offering clients a seamless business jet travel experience.

The Chinese business jet industry commenced in the late 20th century and experienced its initial acceleration in 2008, entering a rapid development phase by 2010, with the market exhibiting explosive growth. According to Asian Sky Group, the Greater China business jet market reached its zenith with a fleet size of 506 aircraft in 2017. Influenced by economic cycle adjustments and the global impact of the COVID-19 pandemic, the market began to exhibit a downward trend starting in 2020.

Sino Jet distinguishes itself in the business jet industry, adeptly navigating through various development cycles while maintaining robust growth momentum. Since 2014, Sino Jet has achieved a comprehensive integration of the domestic and international markets and actively expanded its charter business, leading to a swift increase in its fleet size and ascension to industry prominence. Even during market downturns, Sino Jet has managed to sustain steady growth. Since 2019, its fleet size has been ranked first in the Asia-Pacific and has maintained this position to the present day.

Sino Jet’s success is inseparable from its distinctive market strategy, exceptional service quality, and precise understanding of industry trends. Safety is the cornerstone of its development, and Sino Jet is the first Chinese company to consistently achieve the highest international business jet safety operating standard, IS-BAO Level III certification, demonstrating leading safety management capabilities. As a national high-tech enterprise, Sino Jet is dedicated to using technological innovation to continuously enhance safety and quality. It has successfully established a digital management system that encompasses the entire aircraft operation process, which not only significantly improves aircraft operational efficiency but also fundamentally ensures the safety and asset value of aircraft throughout their lifecycle.

To address the varied and individualized needs of the business jet market, Sino Jet has consistently pursued its “Accompanying Strategy”, prioritizing the customer and proactively securing operational and maintenance certifications in pivotal global aviation centers. The company has set up offices in key markets such as China, Singapore, and Europe, and has strategically positioned operational bases in over 20 major cities across the globe, forging a comprehensive and efficient global service network. This strategic approach has also provided a powerful catalyst for the company’s global growth in addition to accelerating the speed and scope of service delivery.

Through over a decade of stable advancement, Sino Jet has achieved sustained fleet expansion through its robust market adaptability, earning the enduring trust of its clients and invigorating the Chinese business jet market. Sino Jet has declared its intention to further boost investments in technology and innovation, aiming to elevate safety standards and service excellence, thereby generating greater long-term value for its clientele. The company will also pursue an active international market expansion, collaborating with global partners to propel progress and development within the business jet industry.

For queries please contact:
Sino Jet Marketing Department
Telephone: (+86 10) 8416 2637 / (+852) 2588 7007
Email: marketing@sinojet.org.cn / marketing@sinojet.org
Website: http://www.sinojet.org/

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Botswana Butchery restaurants in Melbourne, Sydney and Canberra close

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Botswana Butchery restaurants in Melbourne, Sydney and Canberra close

A high-end restaurant chain has shut its doors for good just a month after its parent company entered voluntary administration.

On Wednesday, Good Group Australia announced its steakhouse restaurant Botswana Butchery would cease trading, effective immediately.

The company, which is the Australian branch of Good Group New Zealand, said the decision was necessary but made with “deep regret”.

“While we are disappointed with this outcome, unfortunately we had exhausted every option,” it said.

“We would like to sincerely thank all our valued customers who have enjoyed our venues in Australia and supported us since we opened our first venue in Sydney in December 2021.

“Additionally we would like to thank our hardworking loyal staff who gave it their all.”

There were three Botswana Butchery restaurants in Melbourne, Canberra and Sydney.

It offered a fine dining experience with one of the menu items, a 1.6kg wagyu tomahawk steak, costing almost $400.

Customers who had any bookings after May 14 have been cancelled and any prepaid bookings will be refunded.

Any pre-paid valid gift cards will also be refunded or can be converted and used for Good Group New Zealand venues.

Good Group Australia went into voluntary administration in April.

Duncan Clubb and Andrew Sallway of BDO Australia were appointed as administrators.

Botswana Butchery first opened in Sydney in December 2021. 
Botswana Butchery first opened in Sydney in December 2021.  Credit: Instagram

On Tuesday, BDO said Good Group’s shareholders had funded the trading costs of the group’s Australian operations during the voluntary administration process but could not continue to do so due to “significant cash losses”.

“The group’s shareholders are no longer able to fund the ongoing trading and restructuring costs,” BDO said.

“The group’s directors would like to express their gratitude to the group’s dedicated staff for their invaluable contribution to the business.

“The directors also thank the support and patronage of the restaurants’ customers.”

Good Group Australia also operated Asian restaurant White and Wongs, which was located in both Sydney and Melbourne, as well as Wong Baby on Chapel St, Melbourne.

These restaurants have already ceased trading.

Any venues operated by the New Zealand Good Group have not been affected.

Customers who wish to receive a refund for their pre-paid gift card should contact operations@goodgroup.co.nz.

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Fallout between the Maldives and India is ‘absolutely’ benefiting Sri Lanka, says tourism minister

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Fallout between the Maldives and India is ‘absolutely’ benefiting Sri Lanka, says tourism minister

Calls for Indian travelers to boycott the Maldives is “absolutely” helping Sri Lanka’s travel industry, the country’s Tourism Minister Harin Fernando said Thursday.

“The Maldives issue is … helping us,” Fernando told CNBC, referencing a social media row in January that resulted in a sharp drop in Indian visitors to the Maldives this year.

India was the Maldives’ largest source market in 2023. But now it sits in 6th place, behind arrivals from China, Russia, the United Kingdom, Italy and Germany, according to Sri Lanka’s Ministry of Tourism.

By contrast, nearly 34,400 Indian travelers went to Sri Lanka in January, more than double the 13,759 that visited in January last year, according to the Sri Lanka Tourism Development Authority. Arrivals in the first quarter of 2024 outpaced the same time period in 2023, despite a dip in April caused by a visa controversy that saw Sri Lankan visa temporarily double in price.

Fernando also noted the tight relationship between Sri Lanka and India, both in business and tourism.

“Sri Lanka is a big market for [Indian travelers],” he said. “Sri Lanka has more to offer … Sri Lanka has more value when it comes to India.”

He referenced the country’s beaches, casinos, shopping and the Ramayana Trail, a series of sites that are referenced in the Ramayana, an ancient Hindu epic.   

'Absolutely yes' — Indian travelers' boycott of the Maldives is helping Sri Lanka, says tourism minister

Plus, the two countries are highly connected, he said.

“Connectivity — that is the trigger factor,” he said. “Sri Lankan Airlines alone flies 80 times a week into Indian airports.”

India’s growing travel power

Indian travelers are set to become the world’s fourth-largest travel spenders by 2030, a prediction which “absolutely” bodes well for Sri Lanka’s tourism industry, said Fernando.

“I think the fastest-growing economy is India, and Sri Lanka is definitely benefiting out of it,” said Fernando, adding that Indian companies have made substantial investments on the island.

“ITC, the big hotel chain, opened their first hotel out of India in Sri Lanka. We just opened it about a few weeks back, and it’s a beautiful property … in Galle Face,” he said, referencing the ocean-side area in the country’s capital city of Colombo. “It’s one of the best things that I’ve seen in my life.”

A Maldives concept in Sri Lanka

Fernando said he hopes to see more investments from global brands coming to Sri Lanka — investments that eluded the “Teardrop Island” as it waged a 25-year civil war, which ended in 2009.

“We’ve invited a lot of investment from abroad,” he said. “We’re doing some water bungalows in our new area — like a Maldives concept as well — because we are surrounded by the beach.”

Fernando also outlined plans to add adventure activities to appeal to younger travelers, from hot air balloons to skydiving and diving to explore more than 100 nearby shipwrecks dating to World War II, he said.  

With concert economics causing a tourism boom, Sri Lanka plans to bring in musical acts to attract tourists too, said Fernando.

 “We are launching Sri Lanka as an entertainment hub,” he said. “We have a lot of big names coming in to perform.”

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One in four shoppers avoid buying from international retailers due to concerns around returns, new ESW and Asendia survey reveals

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One in four shoppers avoid buying from international retailers due to concerns around returns, new ESW and Asendia survey reveals
  • About half of shoppers are willing to purchase products even if there is a nominal charge to make a return
  • Gen Z shoppers are nearly twice as likely as Baby Boomers to accept a returns fee.
  • A quarter of consumers would be more likely to shop cross-border if all import charges, taxes and duties were disclosed.
  • 40% of shoppers are willing to wait up to a week for their international purchases to be delivered.

HONG KONG, SINGAPORE and SYDNEY, May 15, 2024 /PRNewswire/ — Asendia, a global leader in ecommerce and mail solutions, and ESW, leading global direct-to-consumer (DTC) ecommerce company, share the latest insights from Shipping and Returns: Leveraging Logistics to Unlock Global Loyalty.

Key findings based on data from more than 18,000 respondents in 18 countries show customer expectations regarding the post-purchase journey–particularly regarding cross-border returns–are both high and varied.

The report highlights a number of key concerns customers have related to shipping and returns, and helps global brands and merchants understand how to meet consumer expectations.  

The report offers insights into consumer sentiment regarding transparency around fees and return policies, charging a returns or restocking fee, and free returns in exchange for a subscription membership.

To download the “Global Voices Report – Shipping and Returns”, click here. 

Show me the money  

Returns logistics can be challenging and expensive, therefore many retailers have begun implementing return fees in order to claw back costs and deter shoppers from making excessive purchases with the intention of returning most of them.   

Overall, nearly half of consumers said they are willing to make purchases even if there was a nominal returns charge. However, Gen Z was more than 1.7 times more likely to accept a fee than Baby Boomers. Of the countries surveyed, India, UAE, and South Korea were most willing to accept return charges.

Joining the club

27% of respondents said they are inclined to pay for a membership if it means they can return their purchases for free, another 27% would pay return shipping charges. More than four in 10 shoppers in India, China and Mexico would pay a membership fee that includes free returns yet only 15% of UK, German, and Swiss shoppers would pay a membership fee. They would, however, pay for return shipping.

“In today’s global marketplace, a robust cross-border returns strategy isn’t just another box to tick, it’s a strategic imperative. Prioritising a seamless, customer-centric return process enhances satisfaction, builds trust, and ultimately fuels long-term success. Each market is a unique ecosystem, with distinct customer behaviours and preferences”, comments Helen Scurfield, CEO Global Returns, Asendia. 

“By removing the friction from cross-border returns brands can open routes to higher spend and new customers.  But global reverse logistics are complex and managing them requires considerable expertise. By partnering with ESW and Asendia, brands and retailers have access to our industry leading solutions allowing them to enter new markets in a matter of weeks and create exceptional customer experiences that foster brand loyalty and deliver revenue growth”, explains Nick Cranney, Global Logistics & Returns, ESW. 

To have more information and obtain a full copy of the report, please visit here.

Notes to editors:

Methodology:

Responses were gathered from an online panel of adults 18+, representative of national quotas for key demographics in 18 countries. Survey questions and responses were translated into each country’s native language and currencies were converted to local currencies before being converted back to $US for comparison purposes. 18,679 surveys were completed between October 31st and November 14th 2023. Overall margin of error is approximately 5% at a 95% confidence level, varying by country population size.

About Asendia: 

Asendia is one of the world’s leaders in international e-commerce and mail, delivering packages, parcels and documents to more than 200 destinations across the globe. Combining the experience and expertise of our founding companies, La Poste and Swiss Post, Asendia brings together a wealth of international and local know-how. Asendia’s expertise is broad reaching encompassing different aspects of e-commerce, from webshop software and marketplace management to international logistics. Asendia is committed to sustainability, being 100% carbon neutral through offsetting. Asendia employs over 1,500 people in Europe, UK, Asia Pacific and the USA – a global network blended with a local presence. www.asendia.hk 

About ESW: 

ESW is the leading global and domestic direct-to-consumer (DTC) e-commerce company, empowering the world’s best-loved brands and retailers to expand their DTC channel. ESW acquired Scalefast in June 2022, and the combined organisation offers brands and retailers a complete portfolio of technology and services that cost-effectively support any stage of a company’s development. From compliance, data security, fraud protection, taxes and tariffs to demand generation, checkout, delivery, returns and customer service, our powerful combination of technology and human ingenuity covers the entire shopper journey across 200 markets, with 100% carbon neutral shipping to consumers. Headquartered in Dublin, Ireland, ESW has global offices in the US, UK, Spain, France, Italy, Japan, Hong Kong and Singapore. ESW is an Asendia Group company, a joint venture between La Poste and Swiss Post. www.esw.com

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‘Top Thrill 2’ roller coaster at Cedar Point closes indefinitely just days after long-awaited opening

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‘Top Thrill 2’ roller coaster at Cedar Point closes indefinitely just days after long-awaited opening

The long-awaited re-imagining of Cedar Point’s Top Thrill Dragster roller coaster known as Top Thrill 2 closed indefinitely just days after it officially opened to the public.

“Top Thrill 2 is currently experiencing an extended closure as Zamperla (the ride’s manufacturer) completes a mechanical modification to the ride’s vehicles,” said Cedar Point in a May 12 press release that was shared with Fox News Digital.

The park continued, “Once the modification is complete, Zamperla, the Cedar Point maintenance & operations teams and our third-party ride inspection partner will conduct a thorough review before approving both the modification and the reopening of the ride.”

CEDAR POINT ANNOUNCES ‘TOP THRILL 2,’ A RECORD-SETTING ROLLER COASTER: ‘BOLDEST AND MOST ADVANCED’

The Sandusky, Ohio-based park said it “cannot yet confirm a reopening date.” Instead, it will be providing updates about the roller coaster’s progress, it said.

“We know our guests are excited to experience this incredible roller coaster, and we share your disappointment that we are not able to operate it this weekend,” the company said.

Roller coaster at Cedar Point

Cedar Point announced that “Top Thrill 2” would be closed for repairs just a week after it opened to the public.  (Artist concept rendering; courtesy Cedar Point)

“We will do everything possible to reopen Top Thrill 2 as soon as we are confident we can deliver the ride experience that our guests deserve.”

Cedar Point, and Top Thrill 2, opened for the season on May 4, 2024. 

In an official announcement, Cedar Point described Top Thrill 2 on Aug. 1, 2023 as “the world’s tallest and fastest triple-launch strata roller coaster.” 

“It is better that they caught a problem now and work to fix it if it means longevity of the attraction in the future.” 

A “strata roller coaster” refers to any roller coaster over 400 feet tall. 

Top Thrill Dragster, which previously held the record for tallest roller coaster, closed after a 2021 incident in which a woman was struck by a “small metal object” that had come off the ride. 

ON THIS DAY IN HISTORY, JUNE 16, 1884, FIRST AMERICAN ROLLER COASTER OPENS AT CONEY ISLAND

Cedar Point announced in 2022 that Top Thrill Dragster would not reopen and would instead be re-imagined into a different attraction: Top Thrill 2. 

highest point on Top Thrill Dragster

The 420-foot “top hat” on Top Thrill Dragster, the previous iteration of “Top Thrill 2.” The roller coaster at one point was the world’s tallest before being dethroned by Six Flags Great Adventure’s “Kingda Ka.”  (AP Photo/Paul M. Walsh, File)

The park constructed a 420-foot “spike” behind Top Thrill Dragster’s original 420-foot “top hat” feature.

The new ride has riders going forward and backward on the spike before cresting the top hat. 

‘TALLEST,’ ‘FASTEST’ GIGA ROLLER COASTER IN NORTH AMERICA REOPENS AFTER EAGLE-EYED GUEST HELPS AVERT DISASTER

Taylor Bybee and Sarah Anderson, the two Virginia-based roller coaster enthusiasts behind the popular YouTube channel “Coaster Studios,” were able to ride Top Thrill 2 on its opening day.

In an email to Fox News Digital, Bybee and Anderson expressed sadness at the ride’s sudden closure, but said they were optimistic the ride would re-open without problems. 

“We have nothing but trust in the ride’s manufacturer, Zamperla, to get the issue solved.”

“We are sad to hear the ride is closed, potentially for an extended period of time, and feel for all those who were planning a trip to Cedar Point to experience the new ride,” Bybee and Anderson said.

The two had “an amazing experience with Top Thrill 2,” noting that they “at no time felt unsafe.” 

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“We have nothing but trust in the ride’s manufacturer, Zamperla, to get the issue solved,” they said, adding that as Top Thrill 2 is “a prototype ride with brand-new trains and a modification like we’ve never seen before,” sometimes issues may arise.

“There’s a lot of unknowns and a lot of variables,” the pair said. 

roller coaster

Top Thrill 2 kept the same “top hat” structure as its predecessor, Top Thrill Dragster. But it is a considerably longer ride. (Artist concept rendering; courtesy Cedar Point.)

“It is better that they caught a problem now and work to fix it if it means longevity of the attraction in the future.” 

They continued, “We are confident the teams at Zamperla are working around the clock to find a solution so the ride can be back open for guests as soon as possible.”

CLICK HERE TO GET THE FOX NEWS APP

The Cedar Fair, parent company of Cedar Point, operates 17 amusement and water park locations across the United States and Canada. 

The company announced a planned merger with competing amusement park chain Six Flags in Nov. 2023. 

For more Lifestyle articles, visit www.foxnews.com/lifestyle

Christine Rousselle is a lifestyle reporter with Fox News Digital.

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Shoppers have declared this ‘the best digital frame,’ and you can snag it on Amazon for less than $150

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Shoppers have declared this ‘the best digital frame,’ and you can snag it on Amazon for less than $150

Why keep precious memories squirreled away when they can be rounded up and enjoyed all the time? A digital photo frame is the kind of gift that everyone from your hard-to-shop-for brother to a newly engaged couple to your grandmother might not think to buy but would love to receive. Printing out and framing just one special photo is, okay, kinda cute … but sooo 20th century. A digital frame makes for a dynamic experience, allowing you to continuously add and cycle through you photo collection.

Not only am I a huge fan of digital photo frames, I recently rounded up the best ones you can buy, and there’s one brand in particular — Aura — that merits a closer look.

In a nutshell, you can bring home the Aura Carver HD Smart Digital Picture Frame for $149, the Aura Mason WiFi Digital Picture Frame for $199 and Aura Mason Luxe WiFi Digital Picture Frame for $249. There are only subtle differences between the three (screen size, resolution, etc.), but I suspect most users would be perfectly happy with the Carver, which has a sleek 10.1″ display and 1280 x 800 HD resolution.

Amazon

Like all Aura frames, the Carver offers unlimited cloud photo storage so you don’t have to worry about constantly trimming your collection of favorite pictures.

$149 at Amazon

That said, the secret sauce in all Aura frames is pre-configuration: If you’re buying one to give as a gift, you can preload it with photos that will appear automatically once it gets connected to a Wi-Fi network — no SD or USB cable needed. Speaking of which: You can also configure the frame to make that connection — great if you’re sending it to someone who’s not especially tech-savvy.

Just one catch: If you’re planning to have it shipped directly to the recipient, you can only preload photos; the Wi-Fi setup option isn’t available. You need to take possession of the frame yourself first in order to do the Wi-Fi setup. (Thankfully, there’s no need to open the box.) You can find out more on Aura’s frame-gifting page.

Plus, friends and family members can contribute photos by way of Aura’s app or a dedicated photo-frame e-mail address. Those options, along with a brighter, more photo-friendly screen, make something like this far preferable to, say, an Amazon Echo Show, which is the same price as the Carver.

Aura's digital photo frames are notable not just for looking cool, but also for letting the gift-giver preload photos for the recipient. (Amazon)

Far be it from us to say that children are to be seen and not heard … but if you’re a proud parent, aunt, uncle or grandparent, how sweet to be able to see them this way! (Amazon)

And I’m not the only fan. More than 11,000 Amazon shoppers have bestowed five-star reviews on the Carver.

One happy reviewer shared: “Absolutely thrilled with my Aura Carver digital photo frame! It’s not just a photo frame; it’s a window into cherished memories that brightens up any room. The sleek design seamlessly fits into my home decor, adding a touch of elegance. Setting it up was a breeze; within minutes, I had all my favorite photos cycling through beautifully.”

Another pleased customer called it “the best digital frame” and wrote, “I love this frame because there is no limit on how many pictures you can have. It is also very easy to set up – even as a gift. I bought [it] for my grandma who lives far away and I shipped it to my house… There is a QR code to scan if setting up as a gift. You can add pictures and invite other family members to add pictures all before the recipient receives the gift.”

“We bought two: one for my mom and another for my auntie, and they both love it. My mom isn’t a tech person, but she always wants photos of my little one, so now my wife and I just send photos directly to the Aura frame. My mom absolutely loves seeing new photos pop up on her frame every week,” added a final fan.

While reviewers didn’t find many downsides to the Carver, one reviewer said, “The minor problem here is that the touch strip on top of the frame is a bit too sensitive and fiddly so that sliding and tapping is delayed/too fast and generally twitchy. It’s not as easy to use as it should be but it’s not terrible…”

A few others reported struggling to get it to connect with their Wi-Fi, but this didn’t end up being a deal-breaker.

Amazon

The resolution is high-def; the memories are everlasting.  

$149 at Amazon

If you have Amazon Prime, you’ll get free shipping, of course. Not yet a member? No problem. You can sign up for your free 30-day trial here. (And by the way, those without Prime still get free shipping on orders of $25 or more.)

The reviews quoted above reflect the most recent versions at the time of publication.

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The Pinkfong Company and Traveloka Team Up for 2024 Vacation Campaign to Bring Fun of Baby Shark to Travellers in Indonesia

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The Pinkfong Company and Traveloka Team Up for 2024 Vacation Campaign to Bring Fun of Baby Shark to Travellers in Indonesia
  • “Let’s travel the world with Traveloka and Baby Shark” is set to captivate travel enthusiasts and Pinkfong and Baby Shark fans in Indonesia with Baby Shark-themed promotions and activities

Click HERE for images

SEOUL, South Korea, May 14, 2024 /PRNewswire/ — The Pinkfong Company, the global entertainment company behind the cultural icon Baby Shark, announced today that the company is teaming up with Traveloka, Southeast Asia’s leading travel platform, for the 2024 summer vacation campaign “Let’s travel the world with Traveloka and Baby Shark.” The partnership includes a range of Baby Shark-themed promotional activities including special collaboration content, souvenirs, and shows that will bring joy and excitement to families in Indonesia during the vacation season.

The Pinkfong Company and Traveloka Team Up for 2024 Vacation Campaign to Bring Fun of Baby Shark to Travellers in Indonesia
The Pinkfong Company and Traveloka Team Up for 2024 Vacation Campaign to Bring Fun of Baby Shark to Travellers in Indonesia

“We are thrilled to team up with Traveloka to bring the excitement to vacation season in Indonesia with this vacation campaign,” said Gemma Joo, Chief Business Officer at The Pinkfong Company. “Pinkfong and Baby Shark have captured the hearts of children and families around the world, and we believe this collaboration will bring immense joy and happiness to our fans in Indonesia as they embark on their adventures.”

“School holidays are special for families, and Traveloka commits to be our consumers’ reliable companion in making memories, especially family,” said Iko Putera, CEO of Transport, Traveloka. “Traveloka presents offers for families to find inspiration and plan unforgettable trips. Traveloka’s collaboration with The Pinkfong Company fulfills the need for quality family time during the school break. With this collaboration, consumers can plan exciting trips thanks to special offers and exclusive attractions with Pinkfong and Baby Shark, creating an unforgettable family vacation.”

As part of the partnership, Pinkfong and Baby Shark will make their grand debut at Soekarno-Hatta International Airport, the largest airport in Indonesia. The iconic characters will greet travelers of all ages through engaging displays and interactive installations, creating unforgettable moments as they embark on their exciting vacations.

In addition to debuting at Indonesian airports, The Pinkfong Company and Traveloka will release branded videos on their respective social media channels and nationwide linear channels in Indonesia. These videos will showcase the characters exploring various travel destinations and experiencing the ease and convenience of booking through Traveloka.

To further enhance the consumer experience, Traveloka also presents thousands of exclusive “Let’s Travel The World with Traveloka and Baby Shark“ special gift surprises in the form of sticker books, 3D puzzles, and Daddy Shark keyrings. Families with children under 10 years old can get this special limited edition souvenir by simply booking products at selected Traveloka partners such as Hotels, Xperience tickets and Flight tickets for the travel period from June 22, 2024 to July 7, 2024, terms and conditions and conditions applied.

To further engage with customers, Traveloka will also host the Pinkfong Shows in cities across Indonesia, so children and families can meet the beloved Baby Shark family in person.

The “Let’s travel the world with Traveloka and Baby Shark” campaign will run from May 1, 2024, to July 31, 2024. For more information and updates, please visit the official websites of The Pinkfong Company and Traveloka.

About The Pinkfong Company

The Pinkfong Company is a global entertainment company that delivers content and entertaining experiences around the world. Driven by award-winning brands and IPs, the company has created and distributed a range of content across genres and formats including original animated series, world live tours, interactive games, and more. Believing in the power of entertaining and engaging content, The Pinkfong Company is committed to connecting people around the world and bringing joy and inspiration to worldwide audiences of all ages. For more information, please visit the website or follow the company on LinkedIn.

About Traveloka

Traveloka is Southeast Asia’s leading travel platform, offering users a seamless experience to explore and book a diverse array of travel products, accommodations, and tourist attractions. With an extensive portfolio, Traveloka facilitates ticket bookings for various transportation modes including flights, buses, trains, car rentals, and airport transfers as well as the largest inventory of accommodations in Southeast Asia, ranging from hotels and apartments to guest houses, homestays, resorts, and villas, Traveloka is the platform with the most extensive accommodation and package options.

Traveloka is also a major player in the local services category (currently available in select countries), offering booking services for various recreational venues, activities, health clinics, and beauty services. Traveloka also provides financial solutions, payment options, and insurance to assist Southeast Asian communities in achieving their lifestyle aspirations. Traveloka has 24/7 customer service available in local languages and seamless transactions supported by over 30 payment methods. The Traveloka app has been downloaded over 131 million times, solidifying its position as the leading travel platform in Southeast Asia.

For more information, please visit: www.traveloka.com

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Federal budget: Power bill shock sparks rebates of $300 to every Australian home

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Federal budget: Power bill shock sparks rebates of $300 to every Australian home

Every Australian household and more than one million small businesses will receive $300 off their power bills, as the federal government tries to ease bill shock fuelled by Russia’s invasion of Ukraine.

The package is part of cost-of-living measures in Tuesday’s federal budget, with the government planning to spend $3.5 billion in the 2024/25 financial year.

The $300 rebates will apply to more than 10 million households over the course of 2024/25.

Energy companies will apply $75 credits to each quarterly power bill under the rebate scheme.

Treasurer Jim Chalmers said the energy rebates would put downward pressure on inflation.

“In 2022, Russia’s invasion of Ukraine triggered the biggest shock to global energy prices since the 1970s,” he said in his budget speech to parliament on Tuesday.

“We know Australian families and businesses felt this pain, and that’s why we’ve stepped in to help.

“Electricity prices would have risen 15 per cent in the last year if not for our efforts, instead they rose two per cent.”

Eligible small businesses will also get slightly more relief, with $325 to be taken off their bills over the course of a year.

Government modelling predicts the energy bill relief measure will see household power bills 17 per cent lower than standing offers put forward by power providers.

The rollout of the energy rebate scheme in the budget is an expansion of previous government measures, which provided similar relief to concession holders.

Treasury forecasts have estimated the energy rebates, along with rent assistance payments, would reduce headline inflation by half a percentage point in 2024/25.

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38. Navan

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38. Navan

Founders: Ariel Cohen (CEO), Ilan Twig
Launched: 2015
Headquarters: Palo Alto, California
Funding: $1.5 billion
Valuation: $9.2 billion
Key technologies: Artificial intelligence, cloud computing, machine learning
Industry: Travel, enterprise technology
Previous appearances on Disruptor 50 List: 0

Persephone Kavallines 

Corporate travel planning can be a headache. Flights, car rentals and hotels might be booked through different platforms. Payment can be through company cards or could involve reimbursing employees. Navan, formerly called TripActions, is changing the way companies manage travel with an all-in-one platform. The platform can plan the trip and provide employees with credit cards. Having everything travel-related on one platform helps with expense management; companies get better visibility, cost savings, and control over spending. 

Since its launch in 2015 by two veteran entrepreneurs, Navan has grown to provide travel and expense management to companies such as Heineken, Unilever, Adobe, Netflix, Chime and Canva. In the last year, the company doubled its unique users, changed its name to Navan and acquired India-based Tripeur, its fifth acquisition in two years. It also opened offices in Tel Aviv, London, Austin, Bangalore, Sydney, Paris, Amsterdam, San Francisco, and New York. 

Like many companies, it also integrated generative AI. Navan rolled out Ava, an AI-powered chatbot, in May. The assistant can answer customer service questions, book trips, change flights, analyze spend data and help companies find opportunities for savings. In June, the company expanded Navan Connect, its expense management and corporate card solution, so finance teams can use Navan without changing corporate cards. 

More coverage of the 2024 CNBC Disruptor 50

The closely watched company, which is reportedly targeting an IPO in April of next year, added to its leadership team in recent months. The company named Rich Liu, its former chief revenue officer, as CEO of Navan Travel in April, and at the time of his rehiring, the company described Liu as “an expert on scaling companies from seed to IPO and beyond.” 

Navan hasn’t escaped the economic uncertainty looming over companies and corporate spending. The company laid off 5% of its workforce in December, or a total of 145 people. The company is also facing more competition as expense management startups, and fellow Disruptors, Ramp and Brex, are expanding into travel. The company’s last round of fundraising was in October 2022 when it raised $150 million in debt and $154 million in equity, giving the company a valuation of $9.2 billion.

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UnionTech Showcasing Latest Innovations at TCT Asia 2024

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UnionTech Showcasing Latest Innovations at TCT Asia 2024

SHANGHAI, May 14, 2024 /PRNewswire/ — TCT Asia 2024, held from May 7th to 9th at the NECC in Shanghai, was a resounding success, with UnionTech, a leader in China’s additive manufacturing sector, making a notable impact by showcasing its latest 3D printing systems and comprehensive AM solutions.


UnionTech’s Latest AM Systems

At the exhibition, UnionTech presented three advanced AM systems: the industrial-grade SLM metal 3D printer Muees430, the SLA 3D printer Lite380 designed for educational applications, and the professional-grade LCD 3D printer Matrix300. The highlight was a live printing demonstration of the Muees430, offering visitors a comprehensive insight into its capabilities. UnionTech also introduced its subsidiary Synthetic’s innovative materials: the FR-42 V-0 self-extinguishing flame retardant material and the Temp-R220 high-temperature resistant material.

FR-42 V-0 Self-extinguishing Flame Retardant Material

The FR-42 V-0 self-extinguishing flame retardant material sets a new standard in fire safety with its halogen-free technology, ensuring automatic extinguishment once the fire source is removed. Rigorous tests have demonstrated its exceptional performance in both initial combustion and re-ignition scenarios. Designed for large-format SLA printers, it offers excellent toughness, easy handling, reliability, and high surface quality. Its 2.5mm sample has achieved UL 94 V-0 certification, underscoring its superior performance.

Temp-R220 High Temperature Resistant Material

Temp-R220 boasts a heat deformation temperature exceeding 220°C and a long-term use temperature above 250°C. It offers excellent strength and a degree of toughness, making it ideal for large-format SLA printers. The material ensures better stability, reliable accuracy, and exceptional surface quality, even in complex environments.

Comprehensive Application Solutions

UnionTech’s advanced 3D printing systems cater to diverse industries, including footwear, dental, medical, cultural and creative, and automotive. Their technology streamlines complex processes, enhances precision and reduces production costs. In the footwear industry, UnionTech’s solutions simplify mold production and enable intricate engravings. Dental applications benefit from improved diagnostics and customized treatments. The automotive sector utilizes UnionTech’s technology for prototyping, end-use parts, jigs, fixtures, and tire molds, while the cultural and creative industries see enhanced design accuracy and production efficiency. In the medical field, UnionTech’s technology supports digital medicine, offering solutions for both auxiliary and implantable functions, thereby improving treatment outcomes and patient care.

At TCT Asia 2024, UnionTech engaged actively with exhibitors, visitors, and customers, fostering professional discussions on materials, equipment, technology, and applications. This interaction significantly contributed to the advancement of additive manufacturing technology, heralding a new era of innovation and transformation.

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