SINGAPORE, March 24, 2025 /PRNewswire/ — Impact fund manager Abler Nordic has partnered with Temasek Foundation, a Singapore-based philanthropic organisation that drives impact programmes in Asia, together with sustainable palm oil producer Musim Mas, and Livelihoods Funds to launch the Sustainable Oil Palm Replanting in Indonesia (SOPRI) project. The pilot initiative facilitates access to financing and resources for smallholders to sustainably replant oil palms, increasing their income while preventing forest encroachment.

In Indonesia, smallholders cultivate over 40% of the country’s oil palm land but face a significant challenge: aging oil palms that reduce yields, making replanting an urgent and costly necessity. Without access to affordable financing, some smallholders may expand into rainforest areas, accelerating deforestation and climate change.

The SOPRI project is a key component of Abler Nordic’s broader Climate Smart Fund—launched in the pilot phase with funding from the Norwegian Ministry of Climate and Environment—combining public, philanthropic, and private capital to create deforestation-free value chains and support smallholder resilience projects. Temasek Foundation strengthens this blended finance model by setting aside catalytic capital to guarantee and derisk loans to smallholders for the SOPRI project, thereby reducing financing costs for smallholders and de-risking private investment.

In its first phase, the SOPRI project will support 400 smallholders across 400 hectares in Sumatra, offering long-term replanting loans, financial literacy training, sustainability certification, land title support, and participatory village planning to promote responsible land use. In return, smallholders commit to avoiding forest encroachment, monitored through satellite and on-the-ground checks.

The project is designed to demonstrate that sustainable replanting is both financially viable and scalable, with future phases aiming to reach over 20,000 smallholders.

The Climate Smart Fund will act as the lead organisation, managing financial operations and coordinating implementation with local partners such as Koltiva and Bank Amar. Musim Mas is providing technical support to help smallholders achieve sustainable palm oil certification and access markets, while Livelihoods Funds brings expertise in training and certification to help farmers transition to sustainable practices.

Beyond replanting, the project is also exploring climate-resilient agroforestry models, integrating oil palms with shade trees and cash crops to improve soil health, regulate microclimates, and support smallholders in adapting to climate change.

Abler Nordic now aims to expand the broader Climate Smart Fund from the initial USD 10 million fund to 40 million USD in its first close, using a mix of investor capital, guarantees, and grants to scale concrete and sustainable climate action.

Arthur Sletteberg, Managing Director of Abler Nordic, said: “Building long-term relationships with local smallholders, communities and partners is at the heart of our work. What we’re doing is complex and unprecedented in many ways, but the results so far demonstrate that we have the right model and risk mitigation to expand the Climate Smart Fund and create long-term, meaningful change for both smallholder farmers and the climate.”

Sébastien de Royer, Senior Project Manager – Southeast Asiaof Livelihoods Ventures, said: “At Livelihoods Ventures, we believe in long-term solutions that address challenges at their root. Through this partnership, we aim to empower smallholders with the technical support and advisory needed to transition to sustainable and resilient farming systems.”

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Mr Rob Nicholls, General Manager of Projects and Partnerships, Musim Mas, said: “This initiative is not just about financial support; it is about empowering smallholders with the knowledge and resources they need to implement sustainable practices. We believe that through collaboration and commitment, we can create a positive impact on both the environment and the communities involved in palm oil production.”

Ms Heng Li Lang, Head of Climate and Liveability of Temasek Foundation, said: “This pilot initiative will be a game-changer. By unlocking financing with catalytic capital, smallholders can replant sustainably without bearing huge financial risks. Temasek Foundation is committed in collectively building this Public-Private-Philanthropic partnership with Abler Nordic, Livelihoods Funds and Musim Mas in Nature-based Solutions. We are not only driving positive environmental impact, but also paving the way for scalable and meaningful long-term solutions.“

Media contact:

Devane Sharma,
Corporate Communications Department
Email: media@musimmas.com 
Phone: (65) 6576 6500
Media Enquiries: (65) 9012 1582 (WhatsApp Calls only)

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DUBAI, UAE, March 23, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Tomorrowland Brasil as its exclusive payment part for 2025 and 2026. This landmark collaboration grants Bybit Card holders privileged early access to tickets before they become available to the general public — a first in Tomorrowland’s history.

A Historic First for Bybit and Tomorrowland

Tomorrowland Brasil 2025 is set for October 10-12 at Parque Maeda in Itu, São Paulo. This year, Tomorrowland Brasil welcomes ‘LIFE’ as its mainstage theme, continuing the magical journey that began at Tomorrowland Belgium in 2024. Set in the mythical world of Silvyra, ‘LIFE’ transports the People of Tomorrow to an era of untamed natural beauty, just as a rare celestial event – the alignment of two moons – is about to unfold. Over three unforgettable days, attendees can escape the city and enjoy performances from more than 150 top electronic artists across six breathtaking stages.

“By partnering with Tomorrowland Brasil, we are merging the energy of music with the innovation of blockchain. This collaboration reinforces Bybit’s commitment to integrating crypto seamlessly into everyday experiences, and our cardholders will enjoy unparalleled access to one of the world’s most iconic festivals,” said Joan Han, Head of the Payment Business Unit at Bybit.

Bybit Card: More Than Just a Payment Solution

The Bybit Card enhances users’ festival experience by offering instant activation, seamless payments, and exclusive rewards. With compatibility across Apple Pay, Google Pay, and Samsung Pay, it ensures effortless transactions worldwide.

Beyond convenience, Bybit Cards help users grow their wealth. With Auto-Savings, cardholders can earn up to 8% APR on their balance, ensuring passive income effortlessly. There are no annual fees or hidden charges, and users can withdraw up to $100 in cash for free every month, with a 2% fee thereafter. Plus, Bybit’s partnership with DHL ensures fast and secure worldwide delivery of the physical card.

How to Secure Your Tomorrowland Brasil Tickets with Bybit Card

The Bybit Card is the ultimate festival payment solution, giving holders exclusive access to a two-day presale before tickets go on sale to the general public.

Exclusive Registration Period: Now – April 3, 2025

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• Presale Period: April 4, 10:00 BRT / 15:00 CEST – April 6, 10:00 BRT / 15:00 CEST
• Presale Website: Bybit Card x Tomorrowland
• General Public Sale: Begins after the presale period

To participate in the exclusive presale, users must be Bybit Card holders and complete their registration on the Bybit website before the presale begins. Only registered users will have access to the presale period.

New users can still apply for a Bybit virtual card to join the presale.

• Priority Access: Bybit Card holders enter the first eight digits of their card (BIN code) to unlock ticket access.
• Secure a Spot: Each user may purchase up to six tickets.
• Exclusive Payment Method: Tickets must be purchased using a Bybit Card, as Bybit is the festival’s exclusive presale payment partner.

Bybit’s seamless integration with Tomorrowland Brasil’s official website and ticketing system ensures a hassle-free booking experience for cardholders.

General Ticket Sales Open April 8, 2025

For users who miss out on the exclusive presale, tickets will still be available for general sale starting April 8. Purchases can be made using Bybit Card or Bybit Pay, with new users enjoying a 10% cashback on their festival purchases.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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About TOMORROWLAND BRASIL

Tomorrowland Brasil 2025 will take place on October 10-12 in the beautiful festival area of Parque Maeda in Itu, a municipality in São Paulo. The festival will revolve around the mesmerizing ‘LIFE’ theme, set against the backdrop of Brazil’s enchanting natural beauty. A story set in the mythical realm of Silvyra, it’s a world unto its own, filled with creatures, plant life, and people living in harmony, each with their own stories, with the diversity of Silvyra’s lush nature represented in the spectacular ‘LIFE’ Mainstage. Offering the ultimate escape from the city during three days of bliss, guests will be treated to breathtaking performances by more than 150 of the world’s finest electronic artists across 6 mesmerizing stages.

The first two festival editions of Tomorrowland Brasil took place in 2015 and 2016 in the beautiful festival area of Parque Maeda in Itu, São Paulo. After years of dreaming of a return, Tomorrowland finally headed back to Brazil in 2023, becoming a yearly highlight once again.

Tomorrowland Brasil 2025

October 10-12, 2025

Parque Maeda, Itu

brasil.tomorrowland.com

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BEIJING, March 22, 2025 /PRNewswire/ — The Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development was held in Beijing on March 20.

As a side event of the 2025 Global South Financiers Forum, the forum, hosted by the Brand Work Office of Xinhua News Agency, China Economic Information Service, and Shanxi Branch of Xinhua News Agency, fostered diverse dialogues and exchanges under the theme of “Inclusive Finance and Approaches to New Energy Industrialization Development”, sharing experience and building consensus.

Klaus-Dieter Kaempfer, Chief Executive of Absa China, highlighted Absa’s efforts in driving economic growth across 12 African markets over 130 years. Absa established a non-banking subsidiary in Beijing a year ago to support Chinese enterprises and investors in exploring African markets.

China has become the world’s largest producer of electric vehicles, while Indonesia is also intensifying efforts in the regard, noted Mohammad Faisal, Executive Director of the Center of Reform on Economics (CORE Indonesia). CORE Indonesia has been conducting research in this field as an economic think tank, but considering the significant challenges faced by developing countries in promoting green energy and green industrialization, this forum serves as a valuable platform for mutual learning and experience sharing.

Lyuliang is leveraging its industrial strengths to foster new quality productive forces in the energy sector amidst green and sustainable development, according to Xiong Yizhi, mayor of Lyuliang City. By introducing favorable policies and innovative financial products, Lyuliang has accelerated its new energy industry development, with new energy installation capacity now accounting for over 30 percent of its total.

Zheng Peng, Chairman and President of Pengfei Group, delivered a keynote speech on the company’s effort in green development. As one of China’s top 500 enterprises, it follows China’s dual carbon goals and Shanxi’s hydrogen energy development plan.

During the event, China Economic Information Service unveiled the China (Xiaoyi, Lyuliang) Hydrogen Energy High-quality Development Index Report during the event. The index, which monitors high-quality hydrogen energy development at both national and local levels, showed steady growth from 2021 to 2023.

Besides, a roundtable session of the forum brought together renowned financiers and government representatives to explore the role and mechanism of inclusive finance in advancing new energy industrialization.

Original link: https://en.imsilkroad.com/p/344869.html

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