ROSEN, A LEADING NATIONAL FIRM, Encourages Sea Limited Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – SE

NEW YORK, July 29, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Sea Limited (NYSE: SE) between April 23, 2022 and May 15, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 19, 2023.

SO WHAT: If you purchased Sea securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Sea class action, go to https://rosenlegal.com/submit-form/?case_id=17863 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 19, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Sea overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (2) Sea’s expansion to a broader user base and growing loan book rendered the Company significantly more vulnerable to higher credit losses; (3) as a result, the Company was likely to book a significant increase in loan loss reserves; (4) the foregoing was likely to have a significant negative impact on Sea’s earnings; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sea class action, go to https://rosenlegal.com/submit-form/?case_id=17863 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8883002

ASEAN strengthens cooperation on protection of migrant workers

JAKARTA, 29th July, 2023 (WAM) The Sixteenth Meeting of the ASEAN Committee on the Implementation of the ASEAN Declaration on the Protection and Promotion of the Rights of Migrant Workers (16th ACMW Meeting) was held on 26-27 July via videoconference. The event was hosted and chaired by Indonesia’s Ministry of Manpower as the ACMW Chair 2023-2024. Over 50 delegates from the ACMW focal points of all ten ASEAN Member States (AMS) and the ASEAN Secretariat attended the meeting. The meeting reviewed the progress on the implementation of the Action Plan (2018-2025) of the ASEAN Consensus on the Protection and Promotion of the Rights of Migrant Workers. Key outcomes and challenges of the completed initiatives as well as the implementation of ongoing and planned projects were discussed. The meeting also examined the results of the AMS’ second self-assessment on the implementation of the ASEAN Consensus. Steady progress and increased efforts were observed to have been made in realising the commitments of the ASEAN Consensus. The meeting also deliberated on the recently adopted ASEAN Declarations related to the protection of migrant workers, namely the ASEAN Declaration on Portability of Social Security Benefits for Migrant Workers in ASEAN, ASEAN Declaration on the Protection of Migrant Workers and Family Members in Crisis Situations, and ASEAN Declaration on the Placement and Protection of Migrant Fishers, as well as the ongoing development of the respective guidelines to turn commitments into concrete actions. The Action Plan 2018-2025 of the ASEAN Consensus is accessible here. Representatives of the International Organization for Migration (IOM) and the International Labour Organization (ILO) also attended the open session together with their respective donor partners from Australia, Canada, and the European Union (EU). The open session concluded with representatives of ILO and IOM agreeing to review and update the ongoing partnership and to explore other priority areas for future collaboration, including strengthening efforts and initiatives to prevent human trafficking and labour exploitation of migrant workers as well as promoting safe and fair migration in the region. Tariq Al Fahaam

Source: Emirates News Agency (WAM)

UAE President receives condolences from world leaders on passing of Saeed bin Zayed

ABU DHABI, 28th July, 2023 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received condolences on the passing of Sheikh Saeed bin Zayed Al Nahyan during telephone conversations with King Mohammed VI of Morocco; Mohamed Ould Cheikh El Ghazouani, President of the Islamic Republic of Mauritania; Ibrahim Mohamed Solih, President of the Republic of the Maldives; Mario Abdo Benitez, President of the Republic of Paraguay; and Santiago Pena, President-elect of Paraguay. During the calls, the leaders expressed their sincere condolences to His Highness the President and the entire Al Nahyan family, and asked God to grant the late Sheikh Saeed peace and mercy, and solace and patience to all in this time of grief. His Highness thanked Their Majesties and Excellencies, expressing happiness at the strong ties binding their countries to the UAE and for their earnest wishes for the Emirates, its leadership and people. Khoder Nashar

Source: Emirates News Agency (WAM)

FAO welcomes EU contribution of, 25 mn to advance wildlife conservation and food security

ROME, 29th July, 2023 (WAM) — The Food and Agriculture Organization of the United Nations (FAO) has welcomed, 25 million in additional funding from the European Union (EU) to extend and scale up the Sustainable Wildlife Management (SWM) Programme. Since 2017, the initiative has been working with African, Caribbean and Pacific countries to reduce unsustainable wildlife hunting, conserve wildlife, and strengthen people’s livelihoods and food security. The first phase of the initiative received, 45 million from the EU, with co-funding from the French Global Environment Facility (FFEM) and French Development Agency (AFD). This second phase will run from August 2023 to May 2029 and will be part of NaturAfrica, the new EU initiative for biodiversity conservation in Africa. In this new phase, FAO will continue to lead a consortium of partners, which includes the French Agricultural Research Centre for International Development (CIRAD), the Center for International Forestry Research (CIFOR) and the Wildlife Conservation Society (WCS). “The SWM Programme has a significant contribution to make as we work towards a sustainable and food-secure world for all,” said Maria Helena Semedo, Deputy Director-General, FAO. “The initiative contributes to the implementation of the Kunming-Montreal Global Biodiversity Framework as well as to the “four betters” in the new FAO Strategic Framework 20222031. For example, the Programme is working towards “better nutrition” by promoting safe food across wild and domestic meat value chains, and towards “better environment” by developing innovative approaches to improve practices, build capacities to reduce zoonotic risks and protect ecosystems.” The partnership is working with national and regional administrations, and over 80 local and indigenous communities, in 16 countries. The initiative is strengthening innovative and collaborative targeted approaches to conserve wild animals, protect ecosystems, and improve the livelihoods of those who depend on these resources. “Building scalable new models to conserve wildlife and improve food security takes time,” said Marjeta Jager, Deputy Director-General, Directorate-General for International Partnerships (DG-INTPA), European Commission. “We need to further develop the models tested by the SWM Programme and to disseminate and scale up the Programme’s findings, results and approaches to achieve greater impacts. For this reason, the European Union seeks to provide additional funding to continue the SWM Programme until June 2029.” The new EU funding will be used to increase the impact and sustainability of the Programme by completing the models and sharing lesson learnt, tools and innovations at national, regional and international levels. The initiative will continue to work with the Organisation of African, Caribbean and Pacific States and regional organizations in Africa. The SWM Programme contributes to the FAO Strategic Framework 2022-2031, which supports the 2030 Agenda for Sustainable Development through a transition to more efficient, inclusive, resilient and sustainable agri-food systems that deliver improvements in production, nutrition, environment and livelihoods. The Programme also contributes to many international strategies and priorities, including the Kunming-Montreal Global Biodiversity Framework, the One Health approach, and the Ramsar Convention on Wetlands of International Importance.

Source: Emirates News Agency (WAM)

Jordan’s exports to GAFTA countries up by 16.6% in 1st 5 months 2023-DoS

National exports to Greater Arab Free Trade Area (GAFTA) countries grew during the first five months of 2023, by 16.6%, amounting to JD1.147 billion, compared to about JD983 million for the same period last year. Foreign trade data issued by the Department of Statistics (DoS) indicated a drop in the value of the Kingdom’s imports from GAFTA nations during January-May period 2023 by 13.8% to reach JD1.916 billion, compared to JD2.222 billion for the same period 2022. According to the data, the Kingdom’s trade balance deficit with the GAFTA countries went down until end of last May of 2023, to reach about JD769 million, compared to about JD1.239 billion for the same period last year. Moreover, volume of Jordan-GAFTA trade exchange amounted to about JD3.063 billion until end of last May 2023, compared to JD3.205 billion for the same period last year, the DoS data showed. Saudi Arabia was the top importer of Jordanian exports to the GAFTA countries during the first five months of 2023, standing at about JD344 million, followed by Iraq at about JD203 million, the United Arab Emirates (UAE) at about JD150 million, and then Palestine at about JD98 million. Saudi Arabia was also the top exporter of GAFTA countries to the Kingdom, as the value of Jordan’s imports from Saudi Arabia amounted to approximately JD1.085 billion, followed by the United Arab Emirates at about JD358 million.

Source: Jordan News Agency

JCI, IFI discuss establishment of Jordanian-Iraqi industry chamber

Head of Jordan Chamber of Industry (JCI), Fathi Jaghbir, discussed with President of the Iraqi Federation of Industries (IFI) , Adil Okab, establishment of a joint industry chamber that contributes to production of sectoral committees, conducting a joint study to develop industry and achieve its integration between the two countries, and assessing existing projects to realize mutual industrial integration. During a meeting on the sidelines of Prime Minister’s recent visit to Iraq, the two sides discussed opening a window to directly deal with certificates of origin, issued by JCI and IFI, without need to obtain authentication by embassies or foreign affairs ministries. This step allows direct and faster joint trade, by testing exported materials locally without the need for a third party, and dealing with goods imported to the two countries in the same manner, especially since more than 65% of the projects in their Economic Estate are related to industries, which requires joint cooperation at all stages, the two sides affirmed. In a statement Saturday on Saturday, Jaghbir said talks represent an “important” step towards achieving Jordanian-Iraqi industrial integration and would open way for stronger joint trade and economic opportunities. Capability to establish a joint industry chamber and carry out joint studies for developing industry are “essential” aspects to enhance joint cooperation, Jaghbir said. Meanwhile, Okab said the meeting with Jordanian industrial side constitutes an “crucial” turning point in strengthening joint industrial cooperation, stressing importance of partnership with Jordan, aimed to streamline commercial procedures, primarily direct authentication of the two sides’ certificates of origin. Okab also called for strengthening joint economic ties by supporting their industrial sectors.

Source: Jordan News Agency