ADB Invests in Onemed IPO to Support National Health Care and Affordable Local Medical Supplies in Indonesia

JAKARTA, INDONESIA (8 November 2022)—The Asian Development Bank (ADB) has subscribed to around 1 billion shares, worth $12.2 million (approximately 190 billion Indonesian rupiah), as part of the initial public offering (IPO) of PT Jayamas Medica Industri (OneMed) on the Indonesian Stock Exchange.

The proceeds of the IPO will support operational expansion across OneMed’s value chain by doubling the manufacturing facilities from two to four, the number of national distribution centers from one to two, adding 15 warehouses, and 25 new retail stores. The availability of affordable medical equipment and supplies is critical for the sustainability and expansion of Indonesia’s national health insurance program, Jaminan Kesehatan Nasional.

“Developing domestic production is a pivotal step toward self-sufficiency for health care in Indonesia,” said ADB Private Sector Operations Department's Unit Head of Health and Education Investments Aniruddha Patil. “Supporting OneMed’s strong local presence in Indonesia will help strengthen Indonesia’s health care resilience and deliver better health outcomes for its citizens.”

“We greatly appreciate ADB’s support for our IPO and I look forward to working with the bank,” said OneMed President Commissioner Jemmy Hartanto. “The investment will help sustain OneMed’s commitment to support universal health care in Indonesia and to improve the overall level of health care in the country.”

Established in 2002, OneMed is the largest manufacturing and distribution company of medical equipment and supplies in Indonesia, covering 514 cities and 34 provinces. OneMed has the most comprehensive portfolio of medical equipment and supplies in the country, with key products including syringes, medical gloves, antiseptics and disinfectants, and infusion sets.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: ADB

ASEAN India Music Festival to mark triumphant return to Purana Qila, New Delhi this year

The cross-cultural music festival aims to showcase the vast richness of India and Southeast Asian countries’ musical and cultural heritage

ASEAN India Music Festival (AIMF) returns with a more vibrant celebration this year as it fosters a deeper understanding and appreciation of the music and artistic traditions as well as promotes cultural exchange between the Southeast Asian region and India.

 

To celebrate the 30th anniversary of ASEAN-India Dialogue Relations, the Ministry of External Affairs, Government of India in collaboration with SEHER is organizing the ASEAN-India Music Festival from the 18th to 20th November at Purana Qila, New Delhi. The free event boasts an eclectic lineup that presents the richness of each country’s musical heritage, as well as its shared cultural affinity.

The second edition of the festival will showcase 10 multi-genre contemporary music acts from Southeast Asia, including Empty Wallet from Brunei Darussalam, RizerXSuffer from Cambodia, Riau Rhythm from Indonesia, Lao Traditional Music Troupe from Lao-PDR, Instamuzika from Malaysia, MRTV Modern Music band from Myanmar, Bayang Barrios at Ang Nilayagan from the Philippines, Linying Band from Singapore, Makaohang from Thailand, and Tri Minh’s Quartet from Vietnam.

Five of India’s homegrown acts, Faridkot and Amar Jalal, Jonita Gandhi, Papon, Raghav Meattle, and Vishal and Sheykhar are also set to perform in one of the oldest forts in the union territory. The lineup was curated by SEHER, India’s premier cultural organization that works closely with the Gov’t of India in public diplomacy and promotion of cultural interaction between India and other countries.

The ASEAN acts are recommended by their respective Ministry of Culture and SOMCA, while the Indian artists are carefully selected to complement the diverse artistic backgrounds of their counterparts in the Southeast Asian region.

With its utmost goal of increasing appreciation and awareness of the ASEAN identity amongst creative intellectuals and the public at large, the cross-cultural festival has prepared multiple concerts apart from the main event at Purana Qila.

A special music showcase is slated to take place in Shillong, Meghalaya in Northeast India, on November 22, which is considered to be a gateway to ASEAN and serves as a representation of the ‘Act East’ policy.

"India has been looking up to the west for historical reasons, but thanks to our Hon’ble Prime Minister Modi we are now looking Eastwards through the Act East policy," Mr. Sanjeev Bhargava, Founder Director of SEHER, shares in a statement. "Now that we are organizing the ASEAN India Music Festival, the audience and especially the youth of India will get to see musical traditions and bands from the ASEAN region, which are rarely seen in this part of the world."

After its well-received inaugural edition in 2017, AIMF promises to cultivate a sustained cultural exchange and interaction between ASEAN and India, while championing its unique adoption of traditional and modern music influences and become recognized as the “gateway to ASEAN.”

"We are expecting more traditional instrumentation and how each country is contemporizing its music to fit current trends and the global stage," Bhargava adds. "More important is that they will be playing on the same platform as some of India’s most popular music artists."

For more information about the ASEAN India Music Festival, visit the official website.

Source: Nyou

ADB, GreenCell Sign $40 Million Financing for Safer E-Buses in India, Especially for Women Commuters

NEW DELHI, INDIA (7 November 2022) — The Asian Development Bank (ADB) signed a $40 million financing package with GreenCell Express Private Limited (GEPL) to develop 255 electric battery-powered buses (e-buses) to serve 5 million people a year on 56 intercity routes in India and enhance the safety of passengers, especially women, through improved security features including panic buttons connected to command controls for immediate response.

The financial package comprises $20.5 million loan (in equivalent Indian rupee) from ADB’s ordinary capital resources, ADB’s administration of a $14 million loan from the Clean Technology Fund (CTF), grants worth $325,000 from the CTF and $5.2 million from Goldman Sach’s and Bloomberg’s the Climate Innovation and Development Fund (CIDF). ADB also assisted in mobilizing an additional parallel loan of $20.5 million from the Asian Infrastructure Investment Bank.

A defining feature of this project is the CIDF grant which will partially finance the decarbonization of 100 of the 255 e-buses by deploying solar power-plus-battery energy storage systems, resulting in the reduction of about 6,355 tons of carbon dioxide a year. Overall, the project will reduce emissions by 14,780 tons a year.

“Decarbonization of public transport in India is essential for the country to reach its net-zero climate commitments, and it’s important to ensure safety and security of women passengers to make travel more inclusive,” said ADB Private Sector Operations Department Director General Suzanne Gaboury. “By providing safe transport for women, these intercity buses will enhance their ability to participate in economic and livelihood opportunities,”

India’s public transport needs are expected to grow rapidly as the country urbanizes. In 2020, road transport accounted for 87% of all passenger trips, 18% of total energy consumption, and 11.7% of greenhouse gas emissions.

Safety features at project bus depots and e-buses will include cameras, panic buttons, adequate depot lighting, seating arrangements, tracking, and awareness-raising materials. Training programs will be held for bus drivers and cabin hosts on safety protocols focused on women passengers. GEPL is also implementing a diversity and inclusion roadmap to initiate a program to build a stronger pool of women in leadership and technical roles.

This project has qualified for a 2x gender financing rating, a challenge launched at the G7 summit in 2018 to encourage gender lens investing among development finance institutions.

“Electrifying transportation is a key driver of reducing greenhouse gas emissions in our cities. This funding accelerates our agenda of promoting and investing in clean and sustainable businesses in India to achieve India’s climate objectives and Sustainable Development Goals,” said EverSource Capital Managing Director and CEO Dhanpal Jhaveri. “With GreenCell Express Private Limited (GEPL) offering, we bring to the intercity bus travel segment, electric buses that reinforce safe, seamless travel experience for new age Indian travellers, especially women."

GEPL is a wholly owned subsidiary of GreenCell Mobility Private Limited (GreenCell), a platform company of Green Growth Equity Fund (GGEF). GGEF is an Indian alternative investment fund in India managed by EverSource Capital with a mandate to mobilize institutional capital into green infrastructure in India.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: ADB

Singaporean-Filipino artist Ysa Yaneza seizes the spotlight on self-titled debut EP, YSA

The 4-track EP chronicles her journey towards heartbreak, reinvention, and womanhood

After getting noticed for her empowering electronic pop/R&B anthems, Singaporean Filipina artist Ysa Yanezais ready to step into the spotlight with the release of her self-titled debut EP, YSA.

The 4-track EP offers an honest and visceral look into the process of embracing her true, beautiful self while peeling away, one by one, the trauma and doubts that have come to define her past. It also contains songs that chronicle her journey towards heartbreak, reinvention, and womanhood.

The genre-melding project, which fuses Y2K pop with R&B vocal stylings, Caribbean-tinged beats, and retro-futurist soundscapes, is co-written by Ysa herself along with established collaborators in the global indie/electronic/bedroom music scene. Chicago-based musician and producer Shubu, co-wrote and produced Ysa’s current single "1Nightwitu," while SOLRWAVE co-helmed "Jaded" and "Thinking Of You." The whole EP was mastered by Stuart Hawkes, a sound engineer who has been nominated for a Grammy and worked on records by artists like Charli XCX, Disclosure, Lorde, and Mabel.

"For mastering, things didn’t go as initially planned but fortunately that led me to work with Stuart Hawkes,” the eclectic pop act shares. "I was looking up albums that I really liked from artists I would say influenced my sound and artistry, and that I wanted my songs and EP to have a similar sound direction, and I realized most of them had actually worked with Stuart Hawkes so it was a definite go for me."

YSA stands out with a collection of chest-pounding tunes that brim with emotional sincerity and confidence. The carrier single "1Nightwitu" takes empowerment to an entirely new level, while encouraging her peers and contemporaries to value their self-worth. The island-tinged, dance-pop jam earned glowing reviews from the press, with NME praising the song for "sending out a message of female empowerment" and Nylon Manilacalling it a "tropical house number" that "calls on women to embrace their sexuality."

Other tracks on the album include "Thinking Of You," a chilling slice of midtempo R&B that demonstrates the Singaporean-Filipina’s more sophisticated musical persona; "Jaded," a mid-‘90s, Robyn-inspired tune steeped in the aesthetics and vernacular of a particular generation; and "Jewel," an 8-bit pop tune that serves as a promo single.

"The songs I wrote in this EP describe certain parts of my life that helped me shape who I am today,” says the Softlyartist. “Coming into womanhood, I think it's important to remind ourselves that every single person has their own journey because as young women, we often feel pressure to be a certain way or meet certain standards. I wrote this EP for anyone who's gone through heartbreak, gaslighting, toxic relationships but I also wanted it to serve as a reminder that you can blossom from these gloomy days, find your confidence within, and understand your self-worth.” 

Ysa Yaneza will embark on a Manila press tour in November 2022 to promote her self-titled EP, and she will perform her first live show in Manila in December 2022 alongside Singaporean band, M1LDL1FE. Ysa has over 32,600 followers on TikTok thanks to her original skits, style, and personality that she shows off when she is not making music.

Listen to Ysa Yaneza’s debut self-titled EP here.

Source: Nyou

Reverb Worship Receives Two Nominations at 44th CatholiC Mass Media Awards, Wins “Collaboration of the Year” at 2022 PMPC Star Awards for Music

Inspirational songs produced by Reverb Worship PH, CBN Asia’s Music arm, got back-to-back recognitions from the 44th Catholic Mass Media Awards (CMMA) and this year’s PMPC Star Awards for Music.

 

Joselle Feliciano’s feel-good single, “Love and Light”penned by songwriter Adrian Crisanto, is nominated for Best Music Video at CMMA. Likewise, the anthem that celebrates Filipino unity titled, “Pilipinas Natin 'To” by Bikolana creative Rhea Rodriguez and rapper Elai, is up for Best Inspirational Song.

 

“I am extremely proud of our Reverb Worship team for receiving these nominations considering that the record label is only two years old, and our work is already being recognized by a great institution like the CMMA,” said CBN Asia’s Executive Vice President and Chief Operating Officer John Valdes Tan.

 

To Tan, getting the nods from award-giving bodies like the CMMA—which promotes and honors values-filled mass media in the country—is a huge milestone for Reverb Worship’s humble beginnings.

 

“Our budgets for making music are insignificant compared to that of the industry and yet our creativity and production excellence are recognized by the CMMA. Praise God!”

 

Meanwhile, OPM icons Ogie Alcasid and Moira Dela Torre took home the Collaboration of the Year award for their inspirational single, “Beautiful” at this year’s PMPC Star Awards for Music.

 

With hopes of sharing God’s comfort with our kababayanswho were dealing with the pandemic’s impact, the song was released under Star Music, co-produced by Reverb Worship.

 

On his Instagram post, Ogie thanked Moira for sharing the microphone with him, shared his quick musings about the song, and praised God for their beautiful win in the 13thyear of the prestigious award-giving body.

 

“Thank you, Moira, for singing with me on this worship song. The pandemic brought a lot of terrible things to our lives, and it was music breathed through us from above that made us survive it. All glory to the Father!”

 

Have you listened to Reverb Worship songs already?

 

You can stream “Beautiful,” “Love and Light,” and “Pilipinas Natin 'To” on all digital streaming platforms worldwide! Catch Reverb Worship’s upcoming songreleases, follow on Facebook, YouTube, Instagram, and TikTok.

Source: CBN Asia