CaixaBank participates in Alstom’s €12.7 billion sustainability-linked syndicated guarantee facility

Dec 13, 2022 | Business

Commitment to sustainable finance in France

WEBWIRE –

This strategic facility is aligned with Alstoms ESG policy enabling the decarbonization of the transport sector by reducing CO2 emissions.

Over the past four years, the CaixaBank Paris branch has increased its activity and long-term commitment to the country as a result of obtaining a banking licence, which brings it closer to its customers, provides it with greater operational agility and enables it to make a greater contribution to the French economy.

CaixaBank, Spains leading bank, has participated in Alstoms 12.7bn syndicated guarantee facility.

This strategic facility is aligned with Alstoms ESG policy of enabling the decarbonization of the transport sector by reducing CO2 emissions.

The transaction demonstrates CaixaBanks capacity to support the large French corporates through its Paris branch.

Alstom, a global leader in manufacturing of transport infrastructure, has also a strong presence in Spain, including through its Santa Perptua manufacturing site and significant contracts with Renfe, the Spanish national rail company

CaixaBanks French branch

CaixaBank obtained its French branch licence in 2018, through which it provides foreign trade and corporate banking services to French or multinational corporates in their operations in France and internationally, as well as to Spanish companies operating in, or with interests in France.

Over the past four years, the CaixaBank branch in Paris has trebled its staff and increased its activity and long-term commitment to the country. In addition to obtaining a banking licence, it has assembled a highly qualified team, which gives the bank greater proximity to clients, operational agility and enables it to make a greater contribution to the French economy. The French branch has been especially active between in renewable energy project finance.

CaixaBank, a European benchmark in sustainability

CaixaBanks sustainability initiatives focus on promoting the energy transition of companies and society as a whole, including the development of solutions for individuals focusing on and sustainable mobility and housing, and the promotion of investments with ESG criteria.

Within the framework of the new 2022-2024 Strategic Plan, CaixaBank aims to mobilise 64 billion in sustainable financing, through the promotion of various initiatives focused on product offerings, ESG advice, awareness-raising and training.

CaixaBank was the leading bank in sustainable finance in Europe during the first half of 2022, according to Refinitiv rankings, which placed CaixaBank in the top position of the EMEA Top Tier Green & ESG-Linked Loans ranking.

About Alstom

Leading societies to a low carbon future, Alstom develops and markets mobility solutions that provide the sustainable foundations for the future of transportation. Alstoms product portfolio ranges from high-speed trains, metros, monorails and trams, to integrated systems, customised services, infrastructure, signalling, and digital mobility solutions. Alstom has 150,000 vehicles in commercial service worldwide.

About CaixaBank

CaixaBank is the leading financial group in Spain with an asset volume of 675.8 billion, making it the largest bank in the domestic market, and one of the leading banks in Europe. CaixaBank also has a strong presence in Portugal, where it controls 100% of BPI.

The Group has 20 million customers, the largest branch and ATM network in Spain and Portugal, and it is the leader in digital banking with 11 million digital clients.

India participates in World Travel Market 2022 (WTM) at London to step up recovery of Inbound tourism

Nov 9, 2022 | Business


Key Highlights


  • Secretary Tourism and High Commissioner of India to UK inaugurate the Indian Pavilion at WTM2022

  • Over 20 participants at Indian Pavilion of WTM

  • Theme of this year`s exhibition is ‘The Future of Travel Starts Now’

  • India to be promoted as a multi product and around the year destination with sustainability at WTM






Ministry of Tourism, Government of India is participating at World Travel Market (WTM) 2022 from 7th to 9th November in London which is one of the largest international travel exhibitions. The theme of this year`s exhibition is ‘The Future of Travel Starts Now’. India’s participation at WTM is significant to step up recovery of Inbound tourism to pre-pandemic level.





Ministry of Tourism has taken a space of 650 sq. mtr., over 20 participants around Indian Pavilion to participate in the Exhibition. The formal inauguration of Indian Pavilion was done by Mr. Arvind Singh, Secretary, Ministry of Tourism, Govt. of India and Mr Vikram Doraiswami, High Commissioner of India to UK in presence of Tourism Ministers of Kerala, Odisha, Karnataka, Maharashtra, Puducherry and Tamil Nadu. Inauguration of India Pavilion was done with Ribbon Cutting, Lamp Lighting, Ganesh Vandana and Welcome Remarks by Secretary, Ministry of Tourism and Welcome Remarks by High Commissioner of India to UK.



After the inauguration the Indian delegation and participants went around the Indian Pavilion and booths of various participating states and other stakeholders. During the day, Incredible India organized various Cultural Performances,Yoga Sessions, Heena and of course BollywoodDance Performance. Secretary, Ministry of Tourism attended the session on “Growing Consumer Demand for Responsible Tourism” held at Future Stage and “Preparing for the next crisis: Reaching for long term sustainability” held at Sustainability Stage, WTM venue.


Later Mr Arvind Singh Secretary and Mr Rakesh Kumar Verma Additional Secretary, Ministry of Tourism held discussions with officials of ABTA to promote tourism between two countries. Mr Rakesh Kumar Verma held meetings with travel trade and media and briefed them about the measures taken by Ministry of Tourism to promote tourism post pandemic.



The highlights of the India’s participation of WTM in the first day was India Evening at Copper Chimney, West Field Mall. The invitees to India Evening were members of Travel Trade from India and UK and India Diaspora. India Evening on 7th November, 2022 witnessed the participation of several Tourism Ministers and Secretaries of various State Governments participating in WTM 2022. The India Evening provided a platform for interaction and discussion to promote India as a multi product and around the year destination with the sustainability.



The Incredible India pavilion at @wtmlondon was inaugurated by HE Shri Vikram Doraiswami, Indian High Commissioner and Shri Arvind Singh, Secretary, Ministry of Tourism, GOI with much fanfare in the presence of several State Tourism Ministers and the travel fraternity.

. pic.twitter.com/qrxf37KxjS

— Ministry of Tourism (@tourismgoi) November 7, 2022


Secretary, Ministry of Tourism, Government of India  Shri Arvind Singh while delivering the welcome remarks at the India Evening emphasized the priorities and objective of Ministry of Tourism to showcase the diverse tourism products and services including Medical Value travel and wellness, luxury trains and the gamut of tourism products to the international business community.



With this India restarts its journey to be the most preferred destination in Asia.#WorldTravelMarketLondon #WTM2022 #WTMLDN #DekhoApnaDesh pic.twitter.com/2ZDzMfyWS4

— Ministry of Tourism (@tourismgoi) November 7, 2022




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Hong Kong – Hong Kong actively participates in 4th Guangdong-Hong Kong-Macao Greater Bay Area Conference on Inheritance, Innovation and Development of Traditional Chinese Medicine (with photos)

Aug 26, 2022 | International

Hong Kong actively participates in 4th Guangdong-Hong Kong-Macao Greater Bay Area Conference on Inheritance, Innovation and Development of Traditional Chinese Medicine (with photos)

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     The Secretary for Health, Professor Lo Chung-mau, attended the 4th Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Conference on Inheritance, Innovation and Development of Traditional Chinese Medicine and delivered a speech at the opening ceremony via video conferencing today (August 25).

 

     “Chinese medicine (CM) is an integral part of the healthcare system of Hong Kong. The Hong Kong Special Administrative Region (HKSAR) Government expresses its sincere gratitude to the relevant Mainland ministries and commissions as well as experts for their staunch support and guidance on the development of CM in Hong Kong. The HKSAR Government will further enhance Hong Kong’s role under the blueprint set out in the Construction Plan for the Chinese Medicine Highlands in the GBA (2020-2025), actively co-ordinate among stakeholders of Hong Kong’s CM sector to integrate into the overall development of CM in the nation and the GBA, and support the implementation of various policies and measures to give full play to Hong Kong’s unique advantages,” Professor Lo said.

 

     Professor Lo pointed out in his speech that, under the framework of the construction of CM highlands in the GBA, Hong Kong has been making remarkable achievements in areas such as the training and exchange of talents, CM service development, standard setting and industry development of CM drugs. In the future, the co-operation can be further deepened with a view to giving more impetus to the development of CM in Hong Kong. Hong Kong will also fully utilise its important role as the country’s window to the international markets in promoting inheritance, innovation and co-operation in CM in the GBA, and playing a more important role in promoting the area of internationalisation and standard setting of CM, among others.

 

     Co-organised by the Traditional Chinese Medicine Bureau of Guangdong Province, the Health Bureau of the HKSAR Government, the Health Bureau of the Macao Special Administrative Region Government and the Zhongshan Municipal People’s Government, the conference this year aimed to promote in-depth integration and development of CM in the GBA, and implement the Outline Development Plan for the GBA as well as the Construction Plan for the Chinese Medicine Highlands in the GBA (2020-2025). The main conference venue was in Zhongshan, with attendance covering officials from the National Administration of Traditional Chinese Medicine (NATCM), relevant GBA ministries/commissions, academicians, CM masters, CM experts, representatives from enterprises, and more. The participants conducted in-depth exchange, exploration and co-operation on the theme of “Building CM Highlands in GBA through Inheritance and Innovation”.

 

     To enable more stakeholders of Hong Kong’s CM sector to participate in this major event, the Chinese Medicine Unit of the Health Bureau set up a Hong Kong sub-venue at the Central Government Offices with a live-feed connection to the main venue. Due to inclement weather, the Hong Kong sub-venue switched to a hybrid mode of in-person and remote attendance, recording an attendance of nearly 150 CM stakeholders. Representatives from the Health Bureau, the Department of Health and the Hospital Authority also participated.

 

     In the afternoon, Vice Commissioner of the NATCM Professor Huang Luqi convened the Seminar on Promoting the Development of CM Highlands in GBA, which was attended by relevant government officials and representatives of organisations in the GBA to discuss how to further promote exchanges and co-operation in CM, and the use of CM in the fight against the COVID-19 epidemic, among others.

 

     Professor Lo said, “With the staunch support of the motherland, the HKSAR Government and the CM sector have been working together to take forward a wide range of anti-epidemic work, enabling the in-depth participation of CM in the whole process of epidemic prevention, treatment and rehabilitation, thereby making important contributions to the fight against the epidemic. The HKSAR Government is grateful to the nation for its unwavering support for Hong Kong’s anti-epidemic work, including sending a team of CM experts to Hong Kong to offer guidance and assisting Hong Kong in stabilising the supply of anti-epidemic proprietary Chinese medicines.

 

     “The HKSAR Government will continue to step up its efforts in promoting the development of CM and actively participate in the construction of CM highlands in the GBA, as well as strengthen exchanges and co-operation among Guangdong, Hong Kong and Macao, so as to join hands in driving the construction of CM highlands in the GBA and integration into the national development of the Healthy China Initiative.”

SAIL Participates in AKAM Iconic Week celebrations by Ministry of Steel with Tableau Inauguration

Jul 4, 2022 | Business


The Steel Authority of India Limited (SAIL) launched a tableau at Kolkata today, starting celebrations under the ‘Azadi Ka Amrit Mahotsav’ Iconic Week being observed by the Ministry of Steel starting from 4th to 10th July, 2022. The tableau was inaugurated by Chairman, SAIL in presence of Director (Commercial) and other senior officials of the Company. Similar tableaus were also flagged off at other SAIL Plant locations. The Company has also planned several other thematic events to celebrate this week with extensive public participation across its Plant and Unit locations. The Ministry of Steel is celebrating this week as a Jan-Utsav in the spirit of Jan-Bhagidari. 



The tableau’s digital screen showcases steel usage, Atmanirbhar Bharat, Make in India and various SAIL steel products and their usages. The tableau will move across the city to raise awareness about ‘Azadi Ka Amrit Mahotsav’ and steel usage at large. 




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A.K.N./ S.K.




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Hong Kong – HKMA participates in BIS Renminbi Liquidity Arrangement

Jun 25, 2022 | International

HKMA participates in BIS Renminbi Liquidity Arrangement

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The following is issued on behalf of the Hong Kong Monetary Authority:



     The Bank for International Settlements (BIS) announced today (June 25) (Note 1) the Renminbi Liquidity Arrangement (RMBLA), which has been developed with the People’s Bank of China (PBoC), to provide liquidity to central banks through a new reserve pooling scheme.

      

     The Hong Kong Monetary Authority (HKMA) is pleased to join the initial group of central banks in Asia and the Pacific participating in the arrangement (Note 2), which will complement existing BIS liquidity facilities in providing additional liquidity access to participating central banks in times of market volatility, hence contributing to financial stability.



About the BIS



     The BIS, founded in 1930, is an international financial organisation with a membership of 63 shareholding central banks. Its mission is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks. The BIS has set up its Asian Office in Hong Kong in July 1998 and an Innovation Hub in Hong Kong in 2019.



(Note 1) For further details on RMBLA, please refer to BIS’ press release.



(Note 2) The arrangement initially includes a group of central banks in Asia and the Pacific, including the Bank Indonesia, the Bank Negara Malaysia, the HKMA, the Monetary Authority of Singapore and the Banco Central de Chile, as well as the PBoC.