Hong Kong – HKMA Chief Executive inspects passing-out parade at HK Police College (with photos)

HKMA Chief Executive inspects passing-out parade at HK Police College (with photos)


     The Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue Wai-man, inspected the passing-out parade for 27 probationary inspectors and 172 recruit police constables at the Hong Kong Police College today (April 27).
     Mr Yue said in his speech that the Hong Kong Monetary Authority (HKMA) and the Police Force have a common mission to ensure the safety, stability and prosperity of the city. Saying that the safety of the financial system and social stability indeed are interdependent and mutually reinforcing, he added that both have thus been covered as key areas in the holistic approach to national security.
     He pointed out that technology crimes, especially online fraud, have been increasing, thus posing substantial challenges to the common mission of the HKMA and the Force in ensuring safety and stability. He particularly mentioned the modus operandi of international criminals, and money laundering methods in digital fraud cases have been frequently changed, and hence the risks posed to the safety of Hong Kong’s financial system should not be ignored.
     Mr Yue stated that in the face of these evolving threats, the HKMA, together with the banking industry, has enhanced co-operation with the Police to combat digital fraud on all fronts. With the knowledge, professional skills and resources gathered from all parties, a number of innovative measures, including intelligence exchange, suspicious transaction identification and establishing mechanism to intercept fraudulent payments, have been launched to jointly prevent and combat these financial crimes, he added.
     He also noted that both sides have joined hands to strengthen publicity and education work to raise public awareness of deception and money laundering, and help the public identify fraud and online traps. He added that through close collaboration, a solid defense system has been established to resist the ever-changing landscape of crime and money laundering, thereby protecting citizens’ property and maintaining the safety of Hong Kong’s financial system.
     In the meantime, he praised the Hong Kong Police Force for sparing no effort in safeguarding national security and maintaining public order in the past few years, restoring social stability and creating a favorable environment for the HKMA to vigorously promote the development of Hong Kong as an international financial center. He hoped to continue to work together with the Police to fulfill their role as a guardian to ensure community and financial safety, and maintain Hong Kong’s prosperity and stability.
     Finally, he encouraged all graduates to devote themselves wholeheartedly to performing their duties after graduation. No matter what difficulties and challenges they may face, they can still continue to work with dedication and commitment, and inherit the spirit of “Serving Hong Kong with honour, duty and loyalty”.  

The Executive Centre Announces Record Revenue in FY2023 Annual Results

The Executive Centre (TEC), the leading premium workspace provider that serves more than 47,000 Members in 34 cities across Asia-Pacific and the Middle East, announced its annual results today for fiscal year 2023. Achieving a record-breaking revenue of USD 315 million representing a 11.2% YoY growth, these exceptional results come on the back of a series of strategic expansions and TEC’s consistency in delivering unparalleled workspace solutions and service to its customers.

TEC’s focus on the high growth regions of Greater China, South Asia and the Middle East has been a cornerstone of the company’s success. In 2023, Greater China accounted for 47% of TEC’s total revenue while South Asia and the Middle East collectively contributed 22%, reflecting robust demand for premium flexible workspaces in these markets. In terms of adjusted EBITDA, TEC witnessed a healthy YoY increase of 12%, reaching USD 56 million. Greater China, with South Asia and the Middle East collectively, were also the most significant contributors at 37% and 34% respectively. In terms of contribution by city, Singapore emerged at the top, contributing 14% to overall adjusted EBITDA.

In 2023, TEC expanded its footprint exponentially with an addition of 26 new Centres across its network. Driven by strong client demand, South Asia and the Middle East saw the most significant growth with 12 new Centre openings, effectively doubling TEC’s footprint in the region since the pre-pandemic period. There were also new Centres opening in Mainland China, North Asia, Southeast Asia and Australia, spearheaded by high demand and TEC’s commitment to understanding and servicing the unique needs of local businesses.

TEC maintained an impressive global average occupancy rate of 88% across its network in 2023, reflecting strong customer satisfaction and the growing trend towards flexible workspaces globally.

Central to TEC’s success is also its agility in adapting to the evolving needs of the modern economy and workforce. A notable highlight of the year was the growth of the Coworking & Virtual Office segment, which saw a YoY revenue increase of 15% globally. This was a result of significant growth from key markets of Southeast Asia and the Middle East with YoY increases of 35% and 37% respectively. With a comprehensive inhouse suite of professional business and operations support, the Coworking & Virtual Office offering empowers business owners and entrepreneurs to enter new markets and scale rapidly without the need to commit long-term investments in inflexible office infrastructure.

Diving into data on revenue by service, TEC’s insights revealed an uptrend in the use of physical meeting and event spaces. The segment saw a global growth rate of 39% YoY, with high levels of usage in Hong Kong, and cities such as Singapore and Tokyo. In terms of markets, notable growth rates were recorded in Greater China, Southeast Asia, and the Middle East, achieving YoY increases of 55%, 57% and 65% respectively, pointing to a resurgence of in-person collaboration and the importance of continued availability of flexible event spaces and solutions for businesses to fulfil networking and operational needs.

TEC Founder and CEO, Paul Salnikow, said: “Our unwavering commitment to service excellence and our ability to anticipate market trends have allowed us to not only meet but exceed our goals amidst a rapidly changing global business environment. We are excited to continue on this trajectory, fostering innovation and expanding our presence strategically to support our clients’ growth and success.”

With its strong financial results and a proven business model, The Executive Centre is poised to maintain its leadership in the premium workspace sector as it celebrates 30 years of excellence this year. TEC remains committed to its mission of providing exceptional service and facilities to its global members as it looks to the future with a clear vision for continued expansion and success.

About The Executive Centre

The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 34 cities and 15 markets. It is the third largest serviced office business in Asia.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, South Asia, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.


Press Enquiries
FGS Global
Crystal Chow / Kitty Lam
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The Executive Centre
Pebble Lee
Pebble_lee@executivecentre.com / +852 3951 9888

Topic: Press release summary

Executive Community Leaders Came Together for a Roundtable Discussion to Battle Homelessness Crisis & Provide Wraparound Services to Residents

 Leveraging Community Partnership with Executive Community Stakeholders Initiatives for 2024.

On Wednesday, April 10, the Housing Authority of Plainfield (HAP) and Crescent Avenue Presbyterian Church held a roundtable discussion with executive community leaders addressing solutions for homelessness prevention. The event, titled, “Leveraging Community Partnership with Executive Community Stakeholders Initiatives for 2024” was co-hosted by HAP’s Joanne Hollis Gardens (JHG) Community Resource Center and served as a community behavioral health platform for crisis management through educational awareness.

Key moderators and panelists included:

Distinguished Guest and the Honored Team: The Briar Patch Collaboratory Executive Director Alexis Jemal, LCSW, LCADC, MA, JD, PhD

Coldwell Banker Westfield East Broker Sales Associate Heidi Ann Mucci

HAP’s JHG Community Resource Center Director of Community Programs Eric Graham, PHM and Deputy Director Scotty McFarland

Crescent Avenue Presbyterian Church Reverend Lynn Santulli

Neighborhood Health Corporation Outreach Manager Laron Atins

The Mental Health Association in New Jersey New Jersey Mental Health Players Director Lynette Sheard

The Elizabeth Coalition to House the Homeless Executive Director Linda Flores-Tober

Families & Community Together (FACT) Chief Executive Officer Anthony Cameli

Union County Prosecutor’s Office The Honorable William A. Daniel and Community Prosecution Division Director & ARRIVE Program Director Gina Iosim

Plainfield School District Board of Commissioners President Hanae M. Wyatt

HAP Executive Director Randall M. Wood stated, “The quality of life for families and children of Union County has been improved drastically as a result of this initiative, and it’s the efficient collaboration of community leaders that has made it possible.”

JHG Community Resource Center Director of Community Programs Eric Graham, PHM said, “The Leveraging of Community Stakeholders Initiative meetings are all-inclusive with an approach of obtaining wraparound services for the entire family through results-driven communication and community partners to decrease the duplication of services and make a significant impact to all residents.”

The Leveraging of Community Partnership with Leaders of Stakeholders Initiative was created in 2009 by Eric Graham at the Housing Authority of Plainfield and remains in an upbeat effect, has been a strong all-inclusive tool with the community affiliates in engaging various executive
partners to build an impactful relationship that has worked for many years.

Since the initiative’s inception, the quality of of life for many families and children in and around Union County has been improved through these results-driven wraparound services which includes: education awareness for realistic resources and sustainability that has provided advocacy for homelessness crisis prevention, team building, cultural diversity, gender transparency, behavioral health, dual addiction treatment, youth empowerment, employment opportunities, senior services, and transformational change through its efficient community collaboration of leaders.

For more information about HAP’s Joanne Hollis Gardens Community Resource Center, contact Eric Graham at 908-769-6335 extension 604.

About the Housing Authority of Plainfield
The Housing Authority of Plainfield continues to develop resources to enhance Plainfield’s low and moderate income and senior communities, by collaborating with its network of community service providers and other public agencies to better serve the community under the Affordable Housing Federal, State, and local housing initiatives, and to enhance home ownership opportunities for income eligible residents. HAP collaborates with residents and public, non-profit, and private entities to create viable, healthy communities and to empower residents to achieve financial independence. HAP achieves the above while maintaining strong internal controls, and developing and maintaining a strong culture of mutual respect, fiscal responsibility, and ethical behavior by its employees, residents, and other key stakeholders.

The Housing Authority of Plainfield
Jacqueline Miller



  • Society

Accomplished executive brings significant senior human resources experience and expertise to Unisys


Unisys(NYSE: UIS) announced the appointment ofRuchi Kulharias the companys senior vice president and chief human resources officer, effective immediately. She will report to Unisys Chair and CEO Peter Altabef.

As an information technology solutions company in an ever-evolving, fast-paced industry, our CHRO is a critical role for us, as recruiting, retaining, developing, and transforming our workforce to meet the needs of our clients and associates is paramount to our success, said Peter Altabef. Ruchis deep experience, sharp focus and strong capabilities make her an exceptional addition to our senior leadership team.

Kulhari brings more than 20 years of experience to Unisys, including senior positions across numerous HR functions at various companies. Most recently, she served as chief people officer at Coforge. Prior to her role at Coforge, she held progressively senior HR positions at Infosys and EXL Services. At Infosys, she held the roles of global sales HR lead, HR integration lead for mergers and acquisitions, and organizational development and learning and development function lead. Her previous experience also includes serving as the global HR business partner for EXL Services business consulting group.

Kulhari holds a Master of Arts in clinical psychology from Pune University, a Bachelor of Arts in psychology with honors from the Institute for Excellence in Higher Education, and a certificate in organizational change management, human resources development from Harvard Business School Executive Education.

About Unisys

Unisys is a global technology solutions company that powers breakthroughs for the worlds leading organizations. Our solutions cloud, data and AI, digital workplace, logistics and enterprise computing help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push whats possible for 150 years, visitunisys.com

Hong Kong – Appointment of Executive Director to Insurance Authority

Appointment of Executive Director to Insurance Authority


     The Government announced today (January 23) that the Financial Secretary, in exercise of the authority under the Insurance Ordinance (Cap. 41) (IO) delegated to him by the Chief Executive, has appointed Mr Clement Lau Chung-kin as the Executive Director (Policy and Legislation) of the Insurance Authority (IA) for a term of three years from January 25, 2024, to January 24, 2027.
     A spokesman for the Financial Services and the Treasury Bureau said, “Mr Lau has years of experience in public administration and is well versed with financial regulation work. We are confident that he will contribute towards the effective performance of the IA’s statutory functions of regulating the insurance industry for promoting general stability of the industry and protecting policy holders.”
     The IA is an independent insurance regulator established under the IO in December 2015. It took over the responsibility of supervising insurance companies from the former Office of the Commissioner of Insurance in June 2017 and assumed direct regulation of insurance intermediaries in September 2019.