Uncategorized
Society Pass Inc. (Nasdaq: SOPA)’s NusaTrip Continues Expansion in Southeast Asia (SEA), Extending Services to Vietnam
SINGAPORE, Mar 6, 2023 – (ACN Newswire) – NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Nasdaq-listed Society Pass Incorporated (SOPA), today announces the opening of an office in Ho Chi Minh City, Vietnam, representing its third SEA regional office outside of Jakarta, following the opening of its offices in Singapore and Manila earlier this year.
Post the Covid-19 pandemic, Vietnam reopened its doors to international travelers back in March 2022, and since then domestic tourism has seen a strong recovery, receiving about 4 million international travelers last year. According to ASEANFocus, 16 million international tourists and 80 million domestic travelers are projected to spend US$34 billion total travel revenue from 2024 to 2026. In addition, Civil Aviation Authority of Vietnam also expects a full travel recovery by December 2023 with around 34 million passengers from Vietnam expected to travel internationally, tripling the travel volume from 2022.
With the aim of increasing its service portfolio across SEA as well as boosting tourism in Vietnam, NusaTrip is well-positioned to grasp the huge market potential and serve additional communities in the region. NusaTrip regional offices focus on creating more variety of marketing initiatives and managing existing business relationships with airlines, hotels and tourism promotion board as partners.
NusaTrip CEO Johanes (Joe) Chang said, “The opening of our office in Vietnam reaffirms our commitment to bring the unparalleled travel experience to more customers in one of the fastest growing regions throughout SEA. NusaTrip will continue to enhance its service portfolio and innovate to cater to changing customer behaviors and fuel growth in the region. Considering the market potential, NusaTrip also plans to open more offices across SEA to bring customers an intimate and one-stop booking experience”.
Leveraging the upbeat momentum of the travel and tourism industry post-COVID-19 pandemic, NusaTrip is striving to expand its service offerings in the travel market.
“We are beyond excited to welcome domestic and international travelers onboard our NusaTrip platform. With revenge travel in full swing, this additional choice for consumers is highly timely, especially for those who intend on visiting some of the 3,000 over beautiful islands in Vietnam. SEA is a dynamic and diverse engine of growth for NusaTrip. As recovery continues, we are optimistic towards the market in Vietnam”, explained Ngo Thi Cham, Society Pass Vietnam Country Manager.
Last year, Society Pass acquired NusaTrip, a Jakarta-based online travel agency to foray into the travel business in SEA. The deal also marked SoPa’s entry into Indonesia as well as to its growing ecosystem of technology-enabled companies located in Vietnam, Indonesia, Philippines, Singapore and Thailand.
About NusaTrip
Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.
About Society Pass Inc.
Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.
Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.
SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.
Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.
For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.
Cautionary Note Concerning Forward-Looking Statements
This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media Contacts:
PRecious Communications
sopa@preciouscomms.com
Topic: Press release summary
Source: Society Pass
Sectors: Media & Marketing, Retail & eCommerce, Daily Finance, Cloud & Enterprise, Daily News, PE, VC & Alternatives, Digitalization, Local Biz, FinTech
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Uncategorized
Israeli attacks in Gaza add to the heavy Palestinian toll in the war on Hamas.
Israeli attacks in Gaza add to the heavy Palestinian toll in the war on Hamas. Israeli forces bombarded the central region of Gaza by land, sea, and air. Palestinian officials claimed scores more casualties, and the United Nations health agency stated that thousands of Palestinians were attempting to leave the fighting.
Israel has not wavered in its determination to eradicate the Palestinian militant group Hamas as a reaction to the terrorist organization’s attack on Israel on October 7. This is the case, although international requests have been made for a ceasefire and an improvement in the deteriorating humanitarian situation in the Gaza Strip.
Late on Wednesday, medical personnel reported that Israeli aircraft had carried out three attacks in the Al Nuseirat neighborhood of central Gaza, resulting in the deaths of seven people and injuries to numerous more.
The World Health Organization of the United Nations said that its personnel had witnessed tens of thousands of civilians escape severe strikes in Khan Younis and the Middle Area by walking, riding donkeys, or driving into vehicles. A statement made on Wednesday stated that improvised shelters were being constructed along the road.
On the diplomatic front, where international pressure on Israel has increased, French President Emmanuel Macron sent a call to Israeli Prime Minister Benjamin Netanyahu, in which he emphasized the necessity of working for a truce that is both long-lasting and sustainable with the assistance of regional and international allies, according to the French Presidency.
An Israeli bombardment on Wednesday near Al-Amal Hospital in Khan Younis, which is located in the southern Gaza Strip, resulted in the deaths of twenty Palestinians, according to a statement released by the Gaza Ministry of Health. Immediately after the incident, the Israeli military did not provide any remarks.
Medical personnel said that one airstrike resulted in the deaths of five Palestinians in the Al-Maghazi region of central Gaza. Meanwhile, health authorities reported that seven Palestinians’ bodies arrived at Al Shifa Hospital in Gaza City, which is located to the north as well.
As night fell, residents in the central Gaza Strip said that Israeli tank bombardment intensified east of Al-Bureij and Al-Maghazi, which is the area where tanks have been attempting to force their way through.
An increase in Israeli Army casualties
The Israeli military said on Wednesday that three more troops had been killed in action in Gaza, raising the total number of military casualties to 166 since the beginning of ground operations on October 20.
On October 7, the worst day in Israel’s history, Hamas carried out a cross-border rampage that resulted in the deaths of 1,200 people and the kidnapping of 240 hostages. This led to the outbreak of war. The response of the Netanyahu administration has destroyed a significant portion of Gaza, which Hamas administers.
According to the Gaza health ministry, the number of Israeli assaults that resulted in deaths and injuries in the enclave was 21,110 lives lost and 55,243 people injured.
It is estimated that nearly all of Gaza’s 2.3 million residents have been forced to leave their homes.
BLOODLINES OF VIOLENCE
Several countries in the Middle East and the West have expressed concern over the war’s expansion, which now includes the northern border between Israel and Lebanon. According to sources inside the security sector, Hezbollah launched a more significant number of rockets and drones armed with weapons on Wednesday than it has on any other day.
The cabinet minister, Benny Gantz, stated that the situation must be changed. The Israeli military has stated that its airplanes have hit military positions belonging to Hezbollah as well as other locations in Lebanon.
During a news conference, he stated, “The Israel Defense Forces will do it if the world and the Lebanese government do not act in order to prevent the firing on Israel’s northern residents and to distance Hezbollah from the border.” He was alluding to the Israeli military.
In Washington, Vice President Joe Biden stated that the purpose of the United States military strikes that took place in Iraq on Monday was to discourage Iran and militia groups that Iran supports from launching attacks against American personnel and bases. Three Americans suffered injuries as a result of an earlier Monday drone attack by militants with ties to Iran.
Since the beginning of the war, there has been an increase in the number of confrontations that have taken place between Israeli forces and Palestinians in the occupied West Bank. According to the Palestinian health ministry, a drone strike that occurred on Wednesday during an Israeli raid in Tulkarm killed six Palestinians.
Israeli military forces came under attack from militants in that area during a counterterrorism operation, who threw explosive devices at them. The Israeli military has denied any involvement in the attack. An Israeli Air Force aircraft was said to have struck the individuals who carried out the attack.
The conflict occurred in the Nour Shams refugee camp in Tulkarm, a city considered a flashpoint due to its location on one of the primary crossing points into the West Bank.
Witnesses say the six men slain were seated together in the early hours of the morning but were not involved in fights with Israeli soldiers.
“We heard the sound and the screaming; our house is nearby so we came out to see,” said Izzaldin Assaili, a local who lives nearby.
Uncategorized
Russians are banned from traveling and must hand over passports within five days.
By a regulation issued by the government that will go into effect on Monday, Russian citizens who have been prohibited from traveling outside the country will be required to hand over their passports to the authorities within five days of receiving notification of the restriction.
A travel ban can be imposed by the authorities in Russia on a variety of individuals, including conscripts, employees of the Federal Security Service (FSB), convicted individuals, and anyone who have access to state secrets or “information of special importance,” amongst other categories of individuals.
The passport that has been returned will be kept in storage by the authority that issued it, such as the authorities employed by the Ministry of the Interior or the Ministry of Foreign Affairs.
Therefore, by the order issued by the government, the passport may be restored following the completion of an application after the travel ban has been lifted.
According to the resolution, those whose freedom to travel was temporarily restricted because they were required to serve in the military or an alternative civilian capacity would be required to present further a military identification card that includes evidence that they have finished their duty.
The Financial Times reported in March, citing unidentified people close to the situation, that Russia’s security services were taking the passports of top officials and executives of state companies to prohibit them from traveling outside the country.
POLITICS
China’s Li promotes greater cooperation with Indonesia.
Chinese Premier Li Keqiang has advocated for greater cooperation between China and Indonesia, emphasizing the importance of strong bilateral ties. This article delves into the significance of Li’s visit and the potential areas of cooperation between these two Asian nations.
Chinese Premier Li Keqiang has embarked on a mission to enhance cooperation and strengthen diplomatic ties between China and Indonesia. China and Indonesia hold significant regional influence, and their cooperation can have far-reaching implications in Southeast Asia and beyond.
Economic collaboration is a key focus of discussions, with trade and investment central to the bilateral relationship. Infrastructure development projects like the Belt and Road Initiative may offer joint ventures and partnership opportunities. Cooperation on maritime issues, including security and trade, is of mutual interest, given Indonesia’s strategic location.
Enhancing people-to-people exchanges, such as cultural programs and educational partnerships, can strengthen the bonds between the two nations.
China’s relations with Southeast Asian countries like Indonesia have geopolitical significance, with both nations navigating complex regional dynamics. Collaboration between China and Indonesia can contribute to regional stability and economic growth in Southeast Asia.
Both nations face shared challenges, including environmental concerns and the need for sustainable development.
In conclusion, Chinese Premier Li Keqiang’s visit to Indonesia underscores the commitment of both nations to strengthening their bilateral ties. The potential for enhanced economic cooperation, infrastructure development, and collaboration on regional and global issues paves the way for a deeper and more impactful relationship. As these two influential Asian nations explore areas of mutual interest and address shared challenges, their partnership can shape Southeast Asia and contribute to regional stability and prosperity.
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