FreedomPay Announces Strategic Partnership with PAX Technology, Inc. for Enhanced Global Commerce Solutions

The collaboration unleashes a Next Level customer experience enriched with loyalty and value-added services for millions of global customers.

PHILADELPHIA, Sept. 14, 2023 (GLOBE NEWSWIRE) —

FreedomPay, the preferred commerce technology platform for global industries including hospitality, lodging, retail and more, today announces its collaboration with PAX Technology, Inc., one of the largest electronic payment solution providers in the world.

Available in Q2 2024, FreedomPay will introduce PAX Technology devices to enable a secure, seamless, and unified checkout experience for consumers while empowering merchants with FreedomPay’s robust loyalty programs and data analytics capabilities. This partnership reinforces FreedomPay’s commitment to fostering an open and accessible ecosystem for its merchants and industry partners.

“FreedomPay is dedicated to delivering an unparalleled consumer experience by prioritizing speed, security and personalization,” said Chris Kronenthal, President of FreedomPay. “By teaming up with PAX Technology, merchants worldwide can now offer merchants and consumers a Next Level commerce experience.”

The partnership signals a new era of commerce excellence for merchants and consumers globally. With the inclusion of cutting-edge 4G wireless connectivity, merchants can now enjoy seamless and rapid transactions. PAX Technology’s all-in-one devices, integrating both point-of-sale and payments, streamlines operations and simplifies the checkout experience.

“This collaboration with FreedomPay combines cutting-edge commerce technology with industry-leading payment acceptance hardware solutions, driving global commerce by facilitating secure transactions for both consumers and businesses,” said Andy Chau, PAX Technology, Inc. President & CEO. “Our Android line of terminals will provide an extremely flexible payment solution for FreedomPay, and their customers.”

About FreedomPay
FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

About PAX Technology, Inc.
PAX Technology, Inc.is one of the largest electronic payment solution providers in the world, with 70 million terminals located in over 120 countries. As a leading global manufacturer of payment solutions, we are committed to delivering innovative, high-quality, and secure payment solutions to businesses, large and small, worldwide. To learn more visit www.pax.us.

Contact:
Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
jennifer.tayebi@hkstrategies.com
+1 734 395 0780

GlobeNewswire Distribution ID 8921905

The 2023 CBI Index – the ultimate cross-jurisdictional investment tool launched

Showcasing the best countries to invest in this year

London, Sept. 14, 2023 (GLOBE NEWSWIRE) — Today, the seventh edition of the CBI Index launched, providing captivating insights into the world’s top investment migration programmes in 2023.

From inception, the CBI Index, published in partnership with the Financial Times’ Private Wealth Magazine has been comprehensively ranking operational Citizenship by Investment (CBI) programmes for almost a decade – making it the ultimate cross-jurisdictional investment tool for global investors. The CBI Index is a trusted source both for those who wish to compare CBI programmes as a whole, and for those who wish to compare specific aspects of each programme.

The Index has evolved to become more than just a ranking tool, over the years it has established itself as a trusted voice in the industry, dissecting and gleaning important insights and trends that drive the investment migration sector. This year is no different, the industry has seen the biggest shake-up since the pandemic and investors require a legitimate sounding board with which to base their investment decisions.

“The CBI Index remains as one of the most important planning tools for global investors looking to include citizenship by investment products in their portfolios. It is well known that the CBI industry is a fragmented one, with different countries managing their own unique programmes, each with varying benefits, requirements, and regulations. Consequently, it can be challenging for investors to evaluate the relative merits of each programme. The purpose of the CBI Index, therefore, is to bring value to the CBI industry by providing a data-driven and practical tool for appraising programmes and facilitating the decision-making process for individuals considering them,” says James McKay, creator of the CBI Index and independent research consultant with expertise in global trend analyses.

The CBI Index assesses the performance and appeal of CBI programmes across a diverse range of indicators and measures by isolating factors — or ‘pillars’ — that measure programme features and the desirability of different jurisdictions. The pillars have been chosen for their relevance and comprehensiveness of measurement, and include:

  1. Standard of Living
  2. Freedom of Movement
  3. Minimum Investment Outlay
  4. Mandatory Travel or Residence
  5. Citizenship Timeline
  6. Ease of Processing
  7. Due Diligence
  8. Family
  9. Certainty of Product

The intricate combination of benchmarking, statistical analysis, and comparative investigation is what makes the CBI Index the number one tool for cross-jurisdictional planning for investors looking to set up their businesses, grow their assets and even find a new home for their families in different markets.

Caribbean nations still retain top spots

This year, St Kitts and Nevis took the coveted top spot, beating 11 other nations with active CBI programmes including Antigua & Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Saint Lucia, Türkiye and Vanuatu.

The Caribbean nations of St Kitts and Nevis, Dominica, Grenada, Saint Lucia and, Antigua and Barbuda took the top five spots in the 2023 CBI Index, indicating once again that the Caribbean has the most attractive CBI programmes in the world.

Despite global industry-wide challenges, St Kitts and Nevis took first place at 86 per cent and scored top marks in almost all pillars, cementing itself once again as a leader in the industry. Each of the nine pillars is scored out of a maximum of ten points and St Kitts and Nevis got full marks for Mandatory Travel or Residence, Ease of Processing, Due Diligence and Certainty of Product.

Dominica took second place, at 83 per cent and attained full marks for Minimum Investment Outlay, Mandatory Travel or Residence and Ease of Processing.

Grenada and Saint Lucia shared third place 80 per cent, while Antigua and Barbuda took fifth place, at 73 per cent.

Increased global scrutiny requires agile solutions

This year marked one of the most eventful for the investment migration industry, thanks to the pressures from the United States, United Kingdom, and European Union, exercising their clout in requiring CBI nations to prove that their programmes are indeed not providing a gateway for illicit characters.

Political pressure to suspend CBI programmes has caused much anxiety in the industry – threatening the existence of many programmes which are crucial in channelling much needed foreign direct investment to small island nations.

St Kitts and Nevis retained its top position in the due diligence category as it is the country leading the way in strengthening the legislative framework for its Programme, closing all loopholes relating to real estate investment and development projects. The St Kitts and Nevis Programme stands as one of the most regulated in the industry, showcasing the twin-island’s seriousness when it comes to the integrity of its offering.

Despite external pressures, it must be noted, Dominica was the first Caribbean nation to implement all ‘Six Principles’ agreed upon with the United States at the Roundtable held in February 2023. The ‘Six Principles’ include mandatory interviews for applicants aged 16 years and older and the revocation of passports from citizens who were dishonest in their applications.

Other nations in the Caribbean have followed suit, taking an agile and collaborative approach in responding to the global West.

CBI Index, still the most trusted cross-jurisdictional planning tool

The CBI Index has been published annually for seven years and remains as the most trusted source for global investors looking to expand their portfolios through citizenship by investment.

All 12 CBI programmes are measured according to nine pillars with reliance being placed on official sources and data publications from institutions of the highest international standing, as well as on the specialised input of industry experts, whose contributions and responses were used to obtain and interpret both qualitative and quantitative data used in the construction of the CBI Index.

In the 2023 CBI Index, the Freedom of Movement Pillar measures the relative strength of each country’s citizenship on the basis of three equally weighted factors: the number of destinations to which a country’s passport allows travel without restriction; the number of prime business hubs to which it provides access; and the degree to which a given citizenship provides settlement rights in other nations.

The Standard of Living Pillar is a measure of the level of wealth, comfort, and material goods offered by the 12 CBI jurisdictions under assessment. This pillar is vital to those who yearn to relocate and to secure a prosperous and fulfilling lifestyle as well as for those wanting to take advantage of local business opportunities or seeking additional geographical diversification for their assets.

The Minimum Investment Outlay Pillar measures one of the most practical and foremost considerations of CBI: how much capital is required for the investor to become an eligible applicant for the programme of their choosing.

The Mandatory Travel or Residence Pillar examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship. Often busy with running a business or international travel, global citizens have little time to fulfil minimum stay requirements.

The Citizenship Timeline Pillar looks at the average time taken for citizenship to be secured by the applicant. The time at which application forms and supporting documentation are processed, and
the steps involved in approving an application, vary between programmes. Therefore, a thorough inspection of applicable laws, regulations, and policies was made to determine the official processing times mandated by each jurisdiction.

The Ease of Processing Pillar measures the end-to-end complexity of the CBI application process. In some jurisdictions, the application process can be a labour-intensive and painstaking task that is time-consuming for the applicant; in others, it is streamlined, and the applicant receives clear directives on how to proceed.

The Due Diligence Pillar, one of the most important, focuses on each nation’s commitment to ensuring that their programme remains transparent and effective at evaluating potential candidates for citizenship. It is, therefore, a measure of each programme’s integrity.

The Family Pillar measures the extent to which investors can obtain citizenship for their immediate and extended family. The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application. While most CBI programmes provide for the inclusion of spouses and minor children, only a handful of countries do so for adult children and extended family.

The Certainty of Product Pillar encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation and adaptability. With the CBI industry currently in a state of flux amid a tightening regulatory landscape, it is more important than ever to provide investors with a means of differentiating a programme’s relative robustness.

Attachment

CBI Index Communications
CBI Index
+44(0)2073184343
info@cbiindex.com

GlobeNewswire Distribution ID 8922219

Nasdaq Study Shows Legacy Technology and Regulation Preventing Financial Institutions From Capturing Growth Opportunities

78% of FMI investment budgets dominated by maintaining and upgrading legacy technology, with more than a third planning a major system overhaul in the next five years

Industry-wide need to upgrade legacy technology, whilst responding to wave of regulation, risks compromising resilience or missing out on growth opportunities

NEW YORK, Sept. 14, 2023 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today published the results of a major global survey across the post-trade ecosystem, including over 300 decision makers from exchange groups, custodians, brokers, and other service providers. The report was produced in partnership with the ValueExchange.

The landmark study reveals that 78% of Financial Market Infrastructure (FMI) investment budgets are dominated by maintaining and upgrading legacy technology platforms. Simply keeping the lights on is taking up 44% of infrastructures’ investment capacity, whilst a further 34% is allocated to the transition and replacement of these systems. Alongside intense regulatory oversight and mandated change, operating models are being pulled in multiple directions. This is leaving very little scope for spending on growth initiatives and highlights an ever-increasing risk for the industry.

Roland Chai, Executive Vice President and Head of Marketplace Technology at Nasdaq, said: “Over decades technology debt has built up amongst infrastructure providers across financial markets. With more than a third of firms planning a major system overhaul over the next five years, alongside responding to an unprecedented wave of regulation, the need for refreshing core technology is a challenge that is core to most industry participants. As the backbone of the industry and global economy, operators must differentiate themselves and remain relevant for the next generation of investors.”

This spending constraint is leading to a substantial difference in investment allocations between FMIs and their participants. For example, for over ten years Robotic Process Automation (RPA) has been proving highly effective in facilitating the quick and tactical automation of core processes and yet today only 4% of FMI spend is on RPA and AI initiatives, compared with over 28% by market participants.

Ageing platforms require major system overhauls

A third of firms surveyed operate with legacy platforms more than ten years old, with 37% of respondents planning a major system overhaul in the next five years. The need to undertake significant projects is particularly prevalent in the post-trade space where 47% of clearing firms expect to trigger an upgrade, while in settlements 44% of firms see a transition as imminent. This comes at the same time as they look to remove time from their processing and increase their settlement efficiency, meaning an inevitable ‘distraction effect’ at a critical time.

Regulatory change is the central concern for FMIs

The study finds the reach of mandatory regulatory change is the central concern for 64% of our respondents. As the global securities industry continues to contend with the impact of the Shareholder Rights Directive II and Central Securities Depositories Regulation, project teams are now faced with the added complexities of the transition to T+1 settlement cycles in North America in May 2024.

In parallel, The UK Securities Financing Transactions Regulation has forced the securities finance firms to profoundly rationalize and accelerate their data reporting capabilities – as will the Securities Lending Transparency: Rule 10c-1 in the USA. Considered in the context of multiple local market regulations centered on client asset segregation, client monies and other areas, the regulatory agenda is increasingly requiring significant, enterprise-wide change across the entire trade cycle.

“Across our client base there is an increasing recognition of the need to undertake major change programs, having adopted a patchwork approach for decades,” said Magnus Haglind, Senior Vice President and Head of Products, Marketplace Technology at Nasdaq. “The need to respond to regulatory change is also seen as significant factor, which increasingly demands re-engineering entire platforms, rather than tactical initiatives. This underscores the importance of modernization initiatives across infrastructure operators, where growth should form a key part of legacy upgrades.”

To review the report in full, please use the following link: https://www.nasdaq.com/solutions/mt/nasdaq-post-trade-report

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Nasdaq Media Contact:
Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com

-NDAQG-

GlobeNewswire Distribution ID 8921894

Richard Curtis releases new version of famous Al Pacino ‘locker room’ scene to mark that the world is at halftime on Sustainable Development Goals

Al Pacino still from ‘Inches (with Al Pacino)| The Global Goals | Halftime 2023’

Al Pacino still from ‘Inches (with Al Pacino)| The Global Goals | Halftime 2023’

  • The world is at ‘Halftime’ when it comes to achieving 2030 Sustainable Development Goals – but only 15% are on track to be met
  • Richard Curtis releases new version of Pacino’s famous locker room speech to mark this halftime point

LONDON, Sept. 14, 2023 (GLOBE NEWSWIRE) — Filmmaker and Sustainable Development Goal Advocate Richard Curtis and his organisation Project Everyone are releasing a special version of the famous ‘Inch by Inch’ locker room speech, delivered by Al Pacino in the Warner Bros. Pictures film Any Given Sunday.

The new cut of the scene puts it into the context of reaching ‘halftime’ for the Sustainable Development Goals (SDGs) and includes new lines especially recorded for this version of the scene by Mr Pacino.

The film is being launched today [14 September] to highlight the fact that the world is now at Halftime when it comes to the SDGs.

The SDGs are a collection of 17 goals agreed by world leaders at the United Nations in 2015 which aim to end poverty, protect the planet, and ensure prosperity for all by 2030.

However, only 15% of the Goals are on track to be met, with the triple impact of COVID-19, conflict, and the climate crisis reversing years of hard-earned progress.

The film is being released as leaders prepare to gather at the UN General Assembly in New York. To highlight that the world is at Halftime when it comes to the Goals, renowned artist Es Devlin has designed and built a unique art installation at UNHQ – the SDG Pavilion – which is kicking off with a ‘Halftime Show’ at 7 pm EST on Monday 18 September featuring global talent and world leaders.

Richard Curtis said: “The Halftime Campaign asks everyone to come together to achieve the SDGs by 2030. I’m genuinely optimistic that with the right action and political will, in seven years, we could be looking back at one of the greatest second-half comebacks of all time. It has been very exciting to work with Al Pacino’s extraordinary speech to illustrate the passion and sense of urgency that is needed to turn things around.”

Video Courtesy of Warner Bros. Discovery, Inc.
ANY GIVEN SUNDAY and all related characters and elements © ™ Warner Bros. Entertainment Inc. (s23)

Media contact: cbull@goodnesspr.co.uk

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2bcc4f3a-f733-4233-8321-2572934c8967

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc4d4e06-625c-41e0-929a-d7be3d7d35ac

GlobeNewswire Distribution ID 1000839446

Richard Curtis เปิดตัวฉาก ‘ห้องล็อกเกอร์’ เวอร์ชันใหม่อันโด่งดังของ Al Pacino เพื่อทำเครื่องหมายว่าโลกได้เข้าสู่ช่วงครึ่งหลังของเป้าหมายการพัฒนาที่ยั่งยืนแล้ว

Al Pacino still from ‘Inches (with Al Pacino)| The Global Goals | Halftime 2023’

Al Pacino still from ‘Inches (with Al Pacino)| The Global Goals | Halftime 2023’

  • โลกอยู่ในช่วง ‘ครึ่งหลัง’ ในการที่ต้องบรรลุเป้าหมายการพัฒนาที่ยั่งยืนภายในปี 2573 แต่มีเป้าหมายเพียง 15% เท่านั้นที่บรรลุ
  • Richard Curtis เปิดตัวสุนทรพจน์ห้องล็อกเกอร์อันโด่งดังของ Pacino เวอร์ชันใหม่เพื่อเปิดฉากการเข้าสู่ช่วงครึ่งหลังนี้

ลอนดอน, Sept. 14, 2023 (GLOBE NEWSWIRE) — Richard Curtis ผู้สร้างภาพยนตร์และผู้ให้การสนับสนุนเป้าหมายการพัฒนาที่ยั่งยืน อีกทั้งองค์กรของเขา ซึ่งได้แก่ Project Everyone กำลังเปิดตัวเวอร์ชันพิเศษของสุนทรพจน์ในห้องล็อกเกอร์ ‘Inch by Inch’ อันโด่งดัง ซึ่งแสดงโดย Al Pacino ในภาพยนตร์ของ Warner Bros. Pictures เรื่อง Any Given Sunday

ฉากที่ถ่ายทำใหม่นั้นได้มุ่งเน้นไปที่บริบทของการเข้าถึงช่วง “ครึ่งหลัง” สำหรับเป้าหมายการพัฒนาที่ยั่งยืน (Sustainable Development Goals หรือ SDGs) และได้มีการรวมเอาบทใหม่ที่ถ่ายทำไว้โดยเฉพาะสำหรับฉากเวอร์ชันนี้โดยคุณ Pacino อีกด้วย

ภาพยนตร์เรื่องนี้เข้าฉายวันนี้ [14 กันยายน] เพื่อเน้นย้ำถึงข้อเท็จจริงที่ว่าโลกอยู่ในช่วงครึ่งหลังเมื่อพูดถึงเป้าหมายการพัฒนาที่ยั่งยืน

เป้าหมายการพัฒนาที่ยั่งยืนคือการรวมเป้าหมาย 17 ประการที่ผู้นำโลกขององค์การสหประชาชาติเห็นชอบร่วมกันในปี 2558 ซึ่งมีเป้าหมายที่จะยุติความยากจน ปกป้องโลก และรับประกันความเจริญรุ่งเรืองสำหรับทุกคนภายในปี 2573

อย่างไรก็ตาม มีเพียง 15% ของเป้าหมายเท่านั้นที่บรรลุ โดยผลกระทบสามอย่างซึ่งได้แก่โควิด-19 ความขัดแย้ง และวิกฤตสภาพภูมิอากาศ ทำให้ความคืบหน้าที่ดำเนินมาอย่างยากลำบากหลายปีต้องถอยหลัง

ภาพยนตร์เรื่องนี้จะเปิดตัวในขณะที่เหล่าผู้นำเตรียมเข้าร่วมการประชุมที่สมัชชาใหญ่แห่งสหประชาชาติในนิวยอร์ก เพื่อเน้นย้ำว่าโลกอยู่ในช่วงครึ่งหลังของเป้าหมายเหล่านี้ ศิลปินชื่อดัง Es Devlin จึงได้ออกแบบและสร้างงานศิลปะที่ไม่เหมือนใครที่ UNHQ – SDG Pavilion – ซึ่งจะเริ่มต้นด้วย ‘Halftime Show’ ในวันจันทร์ที่ 18 กันยายน เวลา 19.00 น. เขตเวลา EST ซึ่งประกอบด้วยผู้มีความสามารถระดับโลกและผู้นำระดับโลกหลายราย

Richard Curtis กล่าวว่า: “แคมเปญ Halftime ได้เชิญให้ทุกคนมารวมตัวกันเพื่อบรรลุเป้าหมายการพัฒนาที่ยั่งยืนภายในปี 2573 ผมเชื่ออย่างมากว่า ด้วยการกระทำและเจตจำนงทางการเมืองที่เหมาะสม ในอีก 7 ปีข้างหน้า เราจะสามารถมองย้อนกลับมายังช่วงเวลานี้ว่าเป็นการกลับมาคว้าความสำเร็จที่ยิ่งใหญ่ที่สุดอีกครั้งหนึ่งได้ การได้ทำงานในส่วนของสุนทรพจน์ที่ไม่ธรรมดาของ Al Pacino เป็นเรื่องที่น่าตื่นเต้นมาก ซึ่งสุนทรพจน์ดังกล่าวเป็นการแสดงให้เห็นถึงความมุ่งมั่นและความเร่งด่วนที่เป็นจำเป็นต่อการเปลี่ยนแปลงสิ่งต่าง

ได้รับการเอื้อเฟื้อวิดีโอจาก Warner Bros. Discovery, Inc.
ในส่วนของตัวละครและองค์ประกอบที่เกี่ยวข้องทั้งหมดในภาพยนตร์เรื่อง ANY GIVEN SUNDAY © ™ Warner Bros. Entertainment Inc. (s23)

ติดต่อด้านสื่อ: cbull@goodnesspr.co.uk

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St Kitts and Nevis celebrates 40 years of friendship with Taiwan

Basseterre, Sept. 14, 2023 (GLOBE NEWSWIRE) — The 2023 Taiwan Expo held in St Kitts and Nevis, was organised by the Taiwan External Trade Development Council (TAITRA) in collaboration with the Taiwanese Embassy on the island and marked a pivotal moment in the diplomatic history of both nations.

Held in August at the Visitor Centre, Malcolm Guishard Recreational Park in Nevis, the event commemorated the 40th anniversary of official diplomatic relations between Taiwan and St Kitts and Nevis. Through a myriad of exhibitions and cultural experiences, the Expo further solidified the deep-rooted bond between these two countries.

Showcasing Taiwanese Innovation 

The Expo featured 26 Taiwanese companies representing diverse industries. Visitors had the privilege of exploring a wide array of cutting-edge products, including high-quality scissors, knives, and sharpeners, health supplements, sealing machines, solar products, house accessories, leisure foods, and state-of-the-art ICT products such as smartphones, laptops, VR devices, dashcams, and LED smart projectors. Notably, all the ICT products exhibited were recipients of the prestigious Taiwan Excellence Awards, underscoring their innovation and superior quality.

Immersive Cultural Experience 

Beyond trade and technology, the Expo offered an immersive journey into Taiwanese culture. Attendees savoured the world-renowned Taiwanese bubble tea and other delightful beverages, tantalising their taste buds with authentic flavours. The cultural experience extended to captivating VR demonstrations and Taiwanese night market games, including balloon darts, pinball, and ring toss. The Expo also treated movie enthusiasts to three acclaimed Taiwanese films, adding a cinematic touch to the cultural immersion.

Local Participation and Youth Involvement 

In a bid to foster inclusive bilateral cooperation, the Taiwan Expo extended invitations to local businesses, enabling them to showcase their products alongside Taiwanese exhibitors. Additionally, students from the local youth volunteer programme played a vital role in organising Expo activities, promoting knowledge exchange, and strengthening the ties between the two societies. This collaborative effort underscored the depth of the friendship between Taiwan and St Kitts and Nevis, emphasising the importance of community engagement.

Trade Opportunities and Economic Prosperity 

The Taiwan Expo served as a powerful platform to underscore significant trade opportunities between St Kitts and Nevis and Taiwan. In 2022, bilateral trade between the two nations reached an impressive US$1.56 million. Key Taiwanese exports to St Kitts and Nevis encompassed electrical machinery and equipment, sound recorders, reproducers, as well as articles of iron or steel. The Expo, therefore, functioned as a gateway for entrepreneurs and business leaders to explore and leverage these burgeoning trade prospects, paving the way for enduring business partnerships.

A Vision of Mutual Growth 

The 2023 Taiwan Expo in St Kitts and Nevis celebrated both diplomatic ties and trade opportunities, aligning with the shared vision of fostering lasting relationships for mutual growth and prosperity. This exceptional occasion not only showcased the best of Taiwanese products and culture but also opened doors to promising trade prospects.

As both nations look ahead, they remain committed to deepening their ties, nurturing their friendship, and exploring new avenues for collaboration. The Taiwan Expo was a testament to the enduring partnership between St Kitts and Nevis and Taiwan, setting the stage for a future marked by shared success and prosperity.

St Kitts and Nevis to host the “Commemorative Stamp Competition”

To continue the celebrations of commemorating four decades of robust friendship and cooperation between St Kitts and Nevis and Taiwan, a momentous event is set to unfold—the “Commemorative Stamp Competition.”

This competition not only underscores the remarkable rapport shared between the Federation and Taiwan but also invites participants to visually capture the essence of this enduring partnership. In this article, we will delve into the details of this competition, including its guidelines and prizes. Furthermore, we will explore the rich history and multifaceted relations between St Kitts and Nevis and Taiwan.

Commemorative Stamp Competition: A Glimpse 

Taiwan in St Kitts and Nevis is all geared up to host the “Commemorative Stamp Competition,” a momentous event celebrating 40 years of friendship. This competition aims to crystallise the profound bonds and friendly collaboration that have characterized the relationship between these two nations over the past four decades.

Guidelines for Participation 

Participants in the competition are tasked with submitting high-resolution photographs along with compelling captions that poignantly illustrate the close ties and friendly cooperation between St Kitts and Nevis and Taiwan. These captivating visual representations will be evaluated by a discerning audience.

Online Voting and Results 

The competition will feature an engaging online voting mechanism, scheduled to run from September 15 to September 30, 2023. The results of this exciting competition will be unveiled on October 9, 2023, marking a significant milestone in the celebration of this enduring friendship.

Submission Details 

To partake in this prestigious competition, contestants must submit their iconic photographs and captions via email to SKNTW40@gmail.com before midnight on September 14, 2023.

Utilisation of Submitted Images 

By participating in the competition, contestants are granted authorisation for the non-commercial use of their submitted images by the Taiwanese Embassy in St Kitts and Nevis.

Prizes for the Winners 

Taiwan in St Kitts and Nevis has also revealed the enticing prizes for the competition winners:

First Place: The first-place winner will be bestowed with EC$1,000 along with a VIVE Focus 3 VR Headset, valued at US$1,096.

Second Place: The second-place victor will receive EC$800 and an Acer Swift X laptop or notebook, with a market value of US$896.

Third Place: The third-place achiever will be presented with EC$700 and an ASUS Vivobook 13 sale OLED, valued at US$656.

Fourth Place: The fourth-place honouree will be granted EC$600 and an ASUS Zembeam S2 LED wireless projector, valued at US$500.

Additionally, individuals securing positions beyond the top four will receive EC$300 along with a special souvenir. Furthermore, the winning photographs from the first, second, and third place will be considered for use in commemorative stamps celebrating the 40th anniversary of diplomatic ties between St Kitts and Nevis and Taiwan. These images will also grace the pages of the 2024 calendar produced by the Taiwanese Embassy.

Relations Between St Kitts and Nevis and Taiwan: A Historical Perspective 

For four decades, the government and citizens of St Kitts and Nevis and Taiwan have forged a remarkable bond, marked by collaborations and expertise exchange in numerous areas of mutual interest. This enduring diplomatic relationship has manifested itself in their partnership in various sectors, including:

Renewable Energy: Taiwan has been instrumental in launching and supporting renewable energy projects in St Kitts and Nevis. These initiatives aim to harness clean energy sources, reducing the carbon footprint and bolstering sustainability efforts.

Health: Collaborative efforts in healthcare have resulted in improved facilities and access to healthcare services in St Kitts and Nevis. Such partnerships have been vital in addressing public health challenges and bolstering the healthcare infrastructure.

Training and Education: Taiwan has extended its hand in providing educational opportunities to remote communities in St Kitts and Nevis. Projects like Let’s Recycle and ‘Taiwan Expo 2023’ are prime examples of initiatives aimed at enhancing educational access and fostering technological advancements.

People Empowerment: Through various programmes and projects, Taiwan has played a pivotal role in empowering the people of St Kitts and Nevis, fostering entrepreneurship, and promoting economic growth.

Diplomacy: The diplomatic ties between these two nations have been characterised by mutual respect and cooperation on global issues. This has solidified their relationship on the international stage.

Climate Change: St Kitts and Nevis, being vulnerable to the impacts of climate change, has received support from Taiwan in mitigating these effects. Collaborative efforts have been made to address environmental challenges and ensure a sustainable future.

Cultural Exchange: Cultural exchanges have enriched the social fabric of both nations, fostering a deeper understanding of each other’s heritage and traditions.

Acknowledgement and Gratitude 

The depth of friendship between Taiwan and St Kitts and Nevis has been reaffirmed time and again. Prime Minister Honourable Dr. Terrance Drew and Premier of Nevis, Honourable Mark Brantley, have expressed their heartfelt appreciation for Taiwan’s unwavering support to the country. Honourable Brantley aptly stated that the world needs friends like Taiwan, emphasising the profound impact of this enduring partnership.

This celebration not only honours their rich history but also underscores the bright future that lies ahead for these steadfast allies.

Secretary of St Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
001 (868) 467 1474
communications@skn-ciu.com

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