BEIJING, Dec. 5, 2024 /PRNewswire/ — The annual analysis report on the taro price index was released during the 2024 Entrepreneurs Boao Forum on Monday, which plays a vital role in integrating the taro industry with finance and technology through digitization, further boosting the high-quality development of the taro industry in Hezhou, south China’s Guangxi Zhuang Autonomous Region.

Hezhou has adopted an industrialized approach and an innovative mindset to foster the cluster development of the traditional taro industry, turning taro into a new growth driver that revitalizes the consumer market.

“Hezhou is not only one of the largest areas in China for continuous taro planting, but also home to major clusters of taro processing, such as Babu District and Pinggui District. Meanwhile, our products are exported worldwide,” said Quan Changwen, director of the Hezhou municipal bureau of agriculture and rural affairs.

Meanwhile, the taro planting in Hezhou covers an areas of over 170,000 mu (around 11,333 hectares). The city has fostered 31 taro processing enterprises with an annual processing capacity exceeding 270,000 tonnes. Empowered by overseas warehouses and cross-border e-commerce platforms, taro products from Hezhou are exported to regions such as Southeast Asia, Europe, and North America. In 2023, the city exported 1,670 tonnes of taro worth 31.5 million yuan (around 4.32 million U.S. dollars).

The price index of agricultural products, which combines the digital economy with the agriculture and forestry, has become a powerful engine for many regions to deepen market-oriented economic reforms, enhance brand influence, and promote the sustainable industrial development. The release of the taro price index gives a major boost to upgrading Hezhou’s industrial ecosystem, building the brand of Hezhou Taro and enhancing its influence in pricing.

Furthermore, the release of the price index will not only offer multi-dimensional market insights and data guidance for the taro industry, but will also enhance the impact of Hezhou Taro as it expands its market reach, according to insiders.

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• A study by the international firm Bloom Consulting indicates a remarkable growth in searches in both sectors.

SAN JOSÉ, Costa Rica, Dec. 4, 2024 /PRNewswire/ — A new analysis of Costa Rica’s identity and digital footprint reveals that the country has consolidated its position by showing significant growth in tourism and exports, according to the 2022-2023 study conducted by Bloom Consulting for esencial COSTA RICA.

Based on more than 12.4 million searches, this report highlights how Costa Rica has managed to capture global interest in key areas such as tourism, investment, and exports. In addition, it underlines the country’s alignment with the principles of sustainability, a central issue for Costa Rica at the global level. In particular, the aspects of renewable energy, carbon neutral and sustainable products occupy a prominent place in international searches, reflecting the growing perception of the country as a leader in the fight against climate change and in the use of clean technologies, aligning with the 2035 Strategy of esencial COSTA RICA that seeks to consolidate the country as a world leader in sustainability.

“This fingerprint study is an invaluable tool to understand how Costa Rica is perceived globally and which aspects generate the most interest in key sectors. It allows us to fine-tune our strategies, projecting the value of Costa Rica in a way that connects with those seeking authentic and reliable experiences in a destination of quality and sustainability, “commented Adriana Acosta, Director of esencial COSTA RICA.

Tourism-related searches reached 11 million, positioning Costa Rica as one of the most attractive destinations in the world. The United States leads with almost 50% of these searches, followed by Canada and Germany. Ecotourism, surfing, and luxury tourism niches remain strategic, and searches related to sustainable activities, such as bird watching, hiking, and tourism in national parks.

In addition to its strong performance in tourism, Costa Rica has recorded a significant 8% increase in export-related searches. Products such as coffee, flowers and cocoa are the most sought after, with notable increases such as 20% in cocoa searches and 16% in coffee. This shows the competitiveness of Costa Rican exportable supply in international markets, particularly in Europe and North America.

Investment searches grew 17%, highlighting topics such as “labor costs,” “port infrastructure,” and “clean energy.” These data confirm the growing interest of international investors in Costa Rica, positioning it as an attractive destination for the development of its operations.

One of the highlights of the study is the strength of Costa Rica’s digital footprint. Content generated by official sources in the country appears in 83% of searches, which ensures that international perception is aligned with Costa Rica’s real offer.

The institutions that are part of the governance of the Country Brand play a key role in this positioning, managing reliable and up-to-date information in strategic sectors such as tourism, investment and exports.

The analysis also shows how Costa Rica has recovered and surpassed pre-pandemic levels of global interest, particularly in tourism, with a 42% growth in searches. This increase is driven by the reactivation of tourism in key markets such as the United States and Europe, which indicates a strong return of this activity after the pandemic.

“One of the objectives of the 2035 Strategy of esencial COSTA RICA is for our country to consolidate its global positioning as an example of sustainability and fight against climate change; and this new digital footprint study allows us to continue evaluating the perceptions of consumers who seek Costa Rica for different objectives, to continue working on those messages,” Acosta concluded.

With a robust digital identity and an effective content strategy, Costa Rica continues to consolidate its presence in key markets, attracting both tourists and investors and exporters from all over the world, which generates new opportunities for economic development and well-being for Costa Ricans.

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Axos Bank Partners with Way.com to Address Rising Car Costs

Axos Bank has teamed up with Way.com to help customers mitigate increasing car expenses. This partnership focuses on vehicle refinancing and aims to offer savings through integrated digital solutions. By combining Way.com’s auto services with Axos’ financial products, users can streamline their vehicle-related expenses, from insurance to payments. This move reflects Axos’ strategy to enhance its consumer offerings by leveraging partnerships in niche sectors.

Source: Axos Bank.

Brazil’s Largest Drug Gang Under Investigation for Fintech Infiltration

Brazilian authorities are probing the country’s largest drug gang for using fintech platforms to launder money. This investigation highlights concerns over the growing use of digital financial tools by organized crime. The gang allegedly exploited fintech’s lack of stringent oversight compared to traditional banking, raising red flags about regulatory gaps in the digital financial landscape.

Source: Bloomberg.

GTN Appoints New CEO to Drive European Expansion

Global Trading Network (GTN) has appointed Christopher Gregory as CEO for Europe, marking a pivotal step in its strategic expansion across the continent. Gregory, known for his expertise in fintech and capital markets, is expected to lead GTN’s efforts in diversifying its product offerings and enhancing its market presence. This leadership shift underscores GTN’s commitment to capitalizing on Europe’s burgeoning fintech market.

Source: PR Newswire.

Fonepay and Compass Plus Launch Nepal’s First Virtual Credit Card

Nepal’s digital payments ecosystem takes a leap forward with Fonepay partnering with Compass Plus Technologies to introduce the nation’s first virtual credit card. This innovation aims to promote cashless transactions and enhance financial inclusion by offering secure, contactless payment options. This development aligns with Nepal’s digital transformation goals and is set to redefine consumer payment experiences in the region.

Source: Fintech Futures.

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Instacoins Partners with Luxury Brands for Digital Payments

Instacoins is expanding its footprint in the luxury market by partnering with high-end brands to enable cryptocurrency payments. This initiative is designed to offer affluent customers a seamless digital payment option, blending traditional luxury shopping with modern fintech solutions. The partnership also reflects the increasing adoption of cryptocurrency in mainstream commerce.

Source: PR Newswire.

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