Global Creative Software Market Size, Share and Forecast By Key Players-Adobe,MAGIX,CyberLink,Corel,Apple 12-23-2024 08:53 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Market Research Intellect Creative Software Market USA, New Jersey- According to the Market Research Intellect, the global Creative Software market is projected to grow at a robust compound annual growth rate (CAGR) of 9.3% from 2024 to 2031. Starting with a valuation of 13.31 Billion in 2024, the market is expected to reach approximately 22.69 Billion by 2031, driven by factors such as Creative Software and Creative Software. This significant growth underscores the expanding demand for Creative Software across various sectors. The creative software market is witnessing rapid growth, driven by the increasing demand for high-quality digital content across industries such as media, entertainment, advertising, and design. As businesses and individuals seek to create engaging visuals, videos, and designs, creative software tools like graphic design, video editing, and 3D modeling applications have become essential. The rise of social media platforms, digital marketing, and content creation for websites, games, and apps has fueled this demand. Additionally, the integration of AI and machine learning into creative software has enhanced productivity, offering automated features such as image recognition, content recommendations, and improved editing tools. The growing adoption of cloud-based platforms also provides users with flexible, collaborative solutions, making these tools accessible to a broader range of creators. As digital content consumption continues to rise, the creative software market is expected to grow rapidly, driven by technological innovation and evolving user needs. The dynamics of the creative software market are shaped by technological advancements and the increasing need for professional-grade content creation tools. Key drivers include the rise of digital platforms like social media, e-commerce, and streaming services, which create a strong demand for high-quality visuals and video content. The integration of AI and cloud-based solutions in creative software has made it easier for creators to access advanced tools, streamline workflows, and collaborate remotely. Additionally, the shift towards subscription-based models, allowing users to access software on-demand, has increased market accessibility. However, challenges such as high software costs for professional users, the need for constant updates, and the complexity of learning advanced features may limit widespread adoption. Despite these obstacles, the growing need for innovative content creation ensures continued growth and development in the creative software market. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.marketresearchintellect.com/download-sample/?rid=10425270&utm_source=OpenPr&utm_medium=049 Key Drivers: The growth of the Creative Software market is driven by several key factors. Technological advancements in Creative Software have enabled greater efficiency and enhanced capabilities, spurring adoption across industries. Additionally, the rising demand for sustainable and eco-friendly solutions is pushing companies to innovate and adopt greener practices. Expanding applications in sectors like Creative Software and Creative Software are further contributing to market demand, as these industries seek advanced solutions to streamline operations and enhance product quality. Favorable government policies and incentives in regions such as North America, Europe, and Asia-Pacific support investment and growth. Moreover, an increasing focus on Creative Software for improving operational efficiency and cost-effectiveness is encouraging businesses to embrace new technologies, fostering sustained market expansion. Mergers and Acquisitions Mergers and acquisitions (M&A) play a pivotal role in the Creative Software market, as companies look to expand their capabilities, access new technologies, and strengthen market presence. Leading players engage in strategic acquisitions to consolidate their position and gain a competitive edge. These transactions often facilitate the integration of advanced Creative Software solutions, helping firms broaden their product portfolios and meet growing customer demands. Additionally, M&A activities support companies in achieving economies of scale and penetrating new regional markets, particularly in high-growth areas like Asia-Pacific. Through such strategic alliances, businesses aim to accelerate innovation, enhance operational efficiency, and address evolving market challenges, ultimately driving the overall growth of the Creative Software market. Get a Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=10425270&utm_source=OpenPr&utm_medium=049 The following Key Segments Are Covered in Our Report By Type Cloud-based Web-based By Application Commercial Personal Major companies in Creative Software Market are: Adobe,MAGIX,CyberLink,Corel,Apple,Sony,Avid,FXhome,TechSmith Corp,Nero,Movavi,Wondershare Global Creative Software Market -Regional Analysis North America: North America is expected to hold a significant share of the Creative Software market due to advanced technological infrastructure and the presence of major market players. High demand across sectors like Creative Software and Creative Software is driving growth, with the U.S. being a key contributor. Additionally, ongoing investments in R&D and innovation reinforce the region's strong market position. Europe: Europe is projected to experience steady growth, driven by stringent regulatory standards and a rising focus on sustainability in Creative Software practices. Countries like Germany, France, and the UK are leading due to their advanced industrial base and supportive government policies. The demand for eco-friendly and efficient Creative Software solutions is expected to continue fostering market expansion. Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region, fueled by rapid industrialization and urbanization. Countries such as China, India, and Japan are driving demand due to expanding consumer bases and increasing investments in infrastructure. The region's robust manufacturing sector and favorable economic policies further enhance growth opportunities in the Creative Software market. Latin America: Latin America and the Middle East & Africa are expected to show moderate growth in the Creative Software market. In Latin America, growth is supported by rising industrial activities in countries like Brazil and Mexico. Meanwhile, in the Middle East & Africa, infrastructure development and an increasing focus on innovation in sectors like Creative Software are key drivers of market expansion. Middle East and Africa: The Middle East and Africa represent emerging markets in the global Creative Software market, with countries like UAE, Saudi Arabia, South Africa, and Nigeria showing promising growth potential. Economic diversification efforts, urbanization, and a young population are driving demand for Creative Software products and services in the region. Frequently Asked Questions (FAQ) 1. What is the current size of the Creative Software market? Answer: The Creative Software market was valued at approximately 13.31 Billion in 2024, with projections suggesting it will reach 22.69 Billion by 2031, growing at a CAGR of 9.3%. 2. What factors are driving the growth of the Creative Software market? Answer: The market's expansion is attributed to several factors, including increased demand for Creative Software, advancements in Creative Software technology, and the adoption of Creative Software across various sectors. 3. Which regions are expected to dominate the Creative Software market? Answer: Regions such as North America, Europe, and Asia-Pacific are anticipated to lead due to the presence of major industry players and growing investments in Creative Software. 4. Who are the key players in the Creative Software market? Answer: Prominent companies in the Creative Software market include Creative Software, Creative Software, and Creative Software, each contributing to market growth through innovations and strategic partnerships. 5. What challenges does the Creative Software market face? Answer: The market faces challenges such as Creative Software, regulatory compliance, and competition from alternative solutions. However, ongoing advancements aim to address these issues. 6. What are the future trends in the Creative Software market? Emerging trends include the integration of Creative Software technology, sustainability practices, and digital transformation in processes, all expected to shape the market's future. 7. How can businesses benefit from the Creative Software market? Answer: Businesses can leverage growth opportunities in the Creative Software market by adopting new solutions, enhancing operational efficiency, and expanding their offerings to meet evolving consumer demands. 8. Why invest in a Creative Software market report from MRI? Answer: MRI's report provides in-depth analysis, future projections, and key insights to support strategic decision-making, enabling businesses to stay competitive and capitalize on growth trends in the Creative Software market. 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We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research. Our research spans a multitude of industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages, etc. Having serviced many Fortune For inquiries, Contact Us at: Mr. Edwyne Fernandes Market Research Intellect APAC: +61 485 860 968 EU: +44 788 886 6344 US: +1 743 222 5439 This release was published on openPR.As AI rapidly transforms workplaces, employees are on edge. Roughly two years after ChatGPT's release sparked widespread interest in generative AI, it's becoming clear that most workers' jobs will fundamentally change — and some may disappear. An analysis by the International Monetary Fund published in January forecast that artificial intelligence would affect nearly 40% of jobs. But the impact of AI on employment is complex and far-reaching. Some roles may become obsolete; others may be augmented or even created by AI. Workers are simultaneously experiencing anxiety, doubt, and excitement . What new skills will I need to develop? How can I stay relevant? And importantly, is my organization prepared for this AI-driven future? Whether employees can trust their organization's leaders to navigate these opportunities is a pivotal question, said Brian Solis, the head of global innovation at ServiceNow, a cloud-based automation platform, and author of the book "Mindshift: Transform Leadership, Drive Innovation, and Reshape the Future . " He said that while many executives recognize AI's promise in increasing efficiency by automating repetitive tasks, they often fail to grasp the technology's profound potential . "Leaders talk about the new normal or the next normal, but then they natively snap back to business as usual," Solis said. "It's the leaders who explore and ask: 'What if? Who will unlock entirely new ways of working?'" Workers themselves have a responsibility to learn and grow, he added. They need to experiment with new technologies both in and outside work and challenge themselves to push beyond their comfort zones. "You need to literally rewire your brain," he said. "If you're waiting for someone to tell you what to do, you're on the wrong side of innovation." 'Workers need to be proactive' Despite the breathless headlines about AI changing everything about the way we work, the reality is more mundane. In a quarterly Gallup survey of American workers conducted in May, seven in 10 respondents said they never used AI in their jobs, and only one in 10 said they used it regularly. The survey used a random sample of 21,543 working adults. Among those who said they did use AI, the most common applications included generating ideas, consolidating information, and automating basic tasks. Still, investment in AI continues to surge. A report from IDC predicted that global spending would reach $632 billion by 2028, more than double what it is now, covering AI apps, infrastructure, and related services. Companies are investing in AI to avoid falling behind , said Mansour Javidan, an expert in digital transformation and the executive director of the Najafi Global Mindset Institute at Arizona State's Thunderbird School of Global Management. "There's a lot of hype driven by board expectations, and that's led to a herd mentality to move quickly," he said. "No CEO is going to look bad by investing in AI right now." Workers, meanwhile, are caught between uncertainty and anticipation. "There's a disconnect," Javidan said. "At the highest levels of the organization, there's a lot of excitement about AI. But among lower- and midlevel employees, there's a good deal of anxiety and ambiguity because there's no clear path." But "workers mustn't rely on senior executives and hope things will turn out rosy," he said. Javidan advises employees to seize development opportunities within their organizations and seek out online courses. Many top universities, including MIT and Stanford, provide free classes and workshops to help people build their skills. Grassroots and community-based learning groups, such as Women Defining AI , can be valuable resources. "Workers need to be proactive and educate themselves," he said. AI as a strategic collaborator Beyond formal training and coursework, getting comfortable with AI requires a fundamental mindset shift, experts say. "We were born with skills like curiosity, wonder, and imagination, but we often unlearned these in schools," Solis said. "The aim with AI should not be to generate expected answers or reinforce existing thinking but to challenge our conventions." Solis said he uses AI as a tool for perspective taking, asking it to generate responses from the personas of the Apple founder Steve Jobs and Walt Disney. This approach helps him identify blind spots, explore alternative viewpoints, and seek inspiration. "They're my personal coaches," he said. Molly Sands, the head of the teamwork lab at the software company Atlassian, which studies teamwork in the age of AI and distributed work, recommends viewing AI as a creative partner , not just a task-completion machine. "The people who are saving the most time and seeing the biggest benefits are those who see AI as a strategic collaborator," she said. This involves engaging with AI through dynamic, iterative conversations — much like working with a team of experts, she said. A new study by researchers at the MIT Sloan School of Management backed this up, finding that human-AI teams showed the most promise in creative tasks like generating content and imagery and translating software code. "A lot of people use it for one or two use cases, but the growth we're going to see in the next year or two is the people who think about it more ubiquitously," Sands said. "Agents will be a key driver of this." Her team at Atlassian, for example, has developed a custom agent designed to help employees write more clearly. Essentially, she said, workers "word-vomit" into the agent with information about their audience, context, and key details. The agent then offers up a tailored draft in the worker's voice. "Our workdays are consumed by writing emails, creating slide decks, and other routine tasks," Sands said. "If AI can take on some of this load — freeing us up for creative thinking and solving meaty problems — the better off we'll be." The value of soft skills Learning how to work with AI is imperative for most workers, but it's important to recognize that human skills remain essential . After all, said Hakan Ozcelik, a professor of management at California State University, Sacramento, the value of human workers lies in their cognitive, behavioral, and emotional abilities. "There are all sorts of skills that AI doesn't have yet, and maybe never will," he said. "Humans are inherently social beings, constantly interacting with customers, colleagues, competitors, and their physical environment," Ozcelik said. "These interpersonal skills are invaluable assets for any organization." While AI can process information and perform repetitive functions with speed and accuracy, it lacks the soft skills necessary for effective communication and strategic decision-making. A report by Cornerstone , a skills-development platform, said that while generative-AI-related job postings had risen 411% since 2023, the demand for soft skills such as leadership, communication, and emotional intelligence outpaced digital skills by 2.4 times in North America and 2.9 times in Europe. This is why Ozcelik advises employees to embark on what he calls "a process of professional soul-searching." Closely analyze your daily activities to determine your unique contributions and core competencies that cannot be outsourced, he said: "Dissect your work and look at what you offer your organization in a given day or a week." Also, identify areas where AI could offer assistance. For example, teachers may realize that while AI can handle grading for grammar and syntax, they should focus on evaluating students' ideas and nurturing creativity. Similarly, healthcare professionals can leverage AI for administrative tasks or data analysis while dedicating more quality time to patients. In an AI-driven world, the need for human skills will not change; instead, these skills will become even more vital as workers learn to collaborate effectively with technology, Ozcelik said. "It's about what you contribute and the value you bring," he said.

BEIRUT — Israel's military launched airstrikes across Lebanon on Monday, unleashing explosions throughout the country and killing at least 31 while Israeli leaders appeared to be closing in on a negotiated ceasefire with the Hezbollah militant group. Israeli strikes hit commercial and residential buildings in Beirut as well as in the port city of Tyre. Military officials claimed they targeted areas known as Hezbollah strongholds. They issued evacuation orders for Beirut's southern suburbs, and strikes landed across the city, including meters from a Lebanese police base and the city's largest public park. The barrage came as officials indicated they were nearing agreement on a ceasefire, while Israeli Prime Minister Benjamin Netanyahu's Security Cabinet prepared to discuss an offer on the table. Bulldozers remove the rubble of a destroyed building Monday that was hit in an Israeli airstrike in Dahiyeh, in the southern suburb of Beirut, Lebanon. Foreign ministers from the world’s leading industrialized nations also expressed cautious optimism Monday about possible progress on a ceasefire. “Knock on wood,” Italian Foreign Minister Antonio Tajani said as he opened the Group of Seven meeting outside Rome. “We are perhaps close to a ceasefire in Lebanon," he said. "Let's hope it's true and that there's no backing down at the last-minute.” A ceasefire in Gaza and Lebanon was foremost on the agenda of the G7 meeting in Fiuggi, outside Rome, that gathered ministers from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, in the last G7 encounter of the Biden administration. For the first time, the G7 ministers were joined by their counterparts from Saudi Arabia, Egypt, Jordan, the United Arab Emirates and Qatar, as well as the Secretary General of the Arab League. Thick smoke, flames and debris erupt Monday from an Israeli airstrike that targeted a building in Tayouneh, Beirut, Lebanon. Meanwhile, massive explosions lit up Lebanon's skies with flashes of orange, sending towering plumes of smoke into the air as Israeli airstrikes pounded Beirut's southern suburbs Monday. The blasts damaged buildings and left shattered glass and debris scattered across nearby streets. Some of the strikes landed close to central Beirut and near Christian neighborhoods and other targets where Israel issued evacuation warnings, including in Tyre and Nabatiyeh province. Israeli airstrikes also hit the northeast Baalbek-Hermel region without warning. Lebanon's Health Ministry said Monday that 26 people were killed in southern Lebanon, four in the eastern Baalbek-Hermel province and one in Choueifat, a neighborhood in Beirut's southern suburbs that was not subjected to evacuation warnings on Monday. The deaths brought the total toll to 3,768 killed in Lebanon throughout 13 months of war between Israel and Hezbollah and nearly two months since Israel launched its ground invasion. Many of those killed since the start of the war between Israel and Hezbollah have been civilians, and health officials said some of the recovered bodies were so severely damaged that DNA testing would be required to confirm their identities. Israel claims to have killed more than 2,000 Hezbollah members. Lebanon's Health Ministry says the war has displaced 1.2 million people. Destroyed buildings stand Monday in the area of a village in southern Lebanon as seen from northern Israel. Israeli ground forces invaded southern Lebanon in early October, meeting heavy resistance in a narrow strip of land along the border. The military previously exchanged attacks across the border with Hezbollah, an Iran-backed militant group that began firing rockets into Israel the day after the war in Gaza began last year. Lebanese politicians have decried the ongoing airstrikes and said they are impeding ceasefire negotiations. The country's deputy parliament speaker accused Israel of ramping up its bombardment to pressure Lebanon to make concessions in indirect ceasefire negotiations with Hezbollah. Elias Bousaab, an ally of the militant group, said Monday that the pressure has increased because "we are close to the hour that is decisive regarding reaching a ceasefire." Israeli officials voiced similar optimism Monday about prospects for a ceasefire. Mike Herzog, the country's ambassador to Washington, earlier in the day told Israeli Army Radio that several points had yet to be finalized. Though any deal would require agreement from the government, Herzog said Israel and Hezbollah were "close to a deal." "It can happen within days," he said. Israeli officials have said the sides are close to an agreement that would include withdrawal of Israeli forces from southern Lebanon and a pullback of Hezbollah fighters from the Israeli border. But several sticking points remain. A member of the Israeli security forces inspects an impact site Sunday after a rocket fired from Lebanon hit an area in Rinatya, outskirts of Tel Aviv, Israel. After previous hopes for a ceasefire were dashed, U.S. officials cautioned that negotiations were not yet complete and noted that there could be last-minute hitches that either delay or destroy an agreement. "Nothing is done until everything is done," White House national security spokesman John Kirby said Monday. The proposal under discussion to end the fighting calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. The withdrawals would be accompanied by an influx of thousands more Lebanese army troops, who have been largely sidelined in the war, to patrol the border area along with an existing U.N. peacekeeping force. Western diplomats and Israeli officials said Israel demands the right to strike in Lebanon if it believes Hezbollah is violating the terms. The Lebanese government says such an arrangement would authorize violations of the country's sovereignty. On paper, being more sustainable and eco-friendly while shopping sounds great—so why don't more people do it? There is growing consumer consciousness about the environmental impact of where people choose to shop and the sustainability of the products they buy. According to McKinsey, over 60% of individuals surveyed in 2020 said they would be that is packaged in an eco-friendly way. Since 2019, products marketed as being environmentally sustainable have seen a compared to 20% for products with no such marketing, a 2023 McKinsey and NielsenIQ report found. Much of this is thanks to the preferences and attitudes of Gen Z, who, on average, care more than their older counterparts about being informed shoppers. The younger generation also has more social justice and environmental awareness altogether. Shoppers are on a product they know is sourced or manufactured sustainably, with 46% saying they would do so explicitly because they want to reduce their environmental footprint, according to a 2024 PwC report. Sustainable practices consumers look for from companies include production methods, packaging, and water conservation. But despite the growing consciousness around being more environmentally responsible, consumer actions don't always align with their values. In psychology, this is defined as the "say-do gap": the phenomenon wherein people openly express concern and intention around an issue, but fail to take tangible action to make a change. According to the Harvard Business Review in 2019, most consumers (65%) say they want to buy from brands that promote sustainability, but only 1 in 4 follow through. So why don't people actually shop sustainably, despite how much they express a preference for eco-friendly products—and how can we close the gap? examined reports from the and other sources to explore why some shoppers want to buy sustainably but struggle to follow through. This lack of action isn't due to a lack of caring—in many cases, it's hard to know how to be a sustainable consumer and other factors are often outside of shoppers' control. But the more people shop sustainably, the easier and more accessible that market will be for everyone—making it much easier for folks to buy aligned with their values. There are many obstacles preventing shoppers from upholding eco-friendly habits as much as they may want to—but not all of these barriers are necessarily real, or accurately understood. Shopping sustainably simply isn't convenient or accessible for many. Those who live in apartment buildings are , according to Ipsos. Reasons for this can vary from lack of space to buildings being excluded altogether because of recycling contamination issues. Many believe that sustainable products are too expensive or of a lower quality. The former is often true, which does create a hurdle for many: The manufacturing processes and materials for sustainable products are pricey. For instance, organic cotton requires an intensive production process free of certain chemicals or pesticides; by definition, true eco-friendly products can't be mass-produced, further upping their price tag. Using recycled materials for packaging, or obtaining an eco certification, can also be expensive. However, although the narrative of eco-friendly products being more expensive is true, there is often more of an effort to use better quality materials that last longer than their noneco-friendly counterparts. This could end up saving consumers money in the long run: By paying more upfront, they can get more wear out of sustainable fashion, for instance. There is also undeniable political rhetoric surrounding eco-friendly products—however, despite many Conservative politicians decrying sustainable products, members of all generations are increasingly choosing to prioritize shopping sustainably regardless of their political affiliation, according to research from . This finding shows a trend toward seeing sustainability as a nonpartisan subject everyone can benefit from, no matter where they lie on the political spectrum. Some might think eco-friendly clothing, in particular, is not fashion-forward; after all, many of the top clothing retailers in the world partake in fast fashion. However, brands are increasingly being recognized as 'cool' and 'trendy' for supporting environmentally ethical practices, particularly as younger generations prioritize sustainability, as noted before. Many increasingly popular online stores are taking advantage of this paradigm shift by offering secondhand shopping options that are not only fashionable, but also more affordable, like ThredUp or Poshmark. Additionally, many legacy large-name brands are hopping on the sustainability movement and are gaining appreciation from loyal customers. Amazon's Climate Pledge Friendly program partners with third-party certification bodies to make it easier for shoppers to identify eco-friendly products as they browse the website. H&M's newly launched H&M Rewear program debuts a resale platform that allows the resale of all clothing brands—not just their own. Similarly, Patagonia's Worn Wear program allows shoppers to trade in and buy used gear and clothing. The federal government is also working to close this gap. The Environmental Protection Agency's is attempting to make sustainable shopping easier for consumers and companies alike. It includes a directory of certified products, a list of safer chemicals to look out for on labels, a "Safer Choice" label that products can earn to denote they are eco-friendly, and resources for manufacturers looking to adopt more sustainable practices. Most of all, though, the biggest way shoppers can shift toward sustainable shopping is through their behaviors and attitudes amongst their peers and communities. Studies show that humans largely care what others think of their actions; the more shoppers make environmentally conscious shopping the norm, the more others will follow suit. From an economic perspective, the more consumers shop eco-friendly, the more affordable and accessible these products will become, too: Sustainable products are currently more expensive because they are not in high demand. Once demand rises, production rates and prices can lower, making these products more accessible for all. Get local news delivered to your inbox!New Delhi: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move unveiled malpractices carried out by the conglomerate. The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the batch of pleas in the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant. The US Department of Justice has accused Adani of being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts in four Indian states. The Adani Group has denied the charge, saying the allegations levelled by the US prosecutors are baseless and that the conglomerate is compliant with all laws. It also vowed to pursue all possible legal recourse.In his plea before the apex court, Tiwari contended that the allegations against Adani are of serious nature and should be investigated by the Indian authorities. The SEBI has to inspire confidence by concluding the investigations and placing on record the report and conclusion of the probes. As there were allegations of short selling in the SEBI investigation and the present allegations levelled by the foreign authorities might have connection or may not have, but SEBI's investigation report should clear this so that the investors may not loose confidence, the plea said. (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

MANILA, Philippines – It’s unfortunate that business and entrepreneurship awards don’t get as much attention as beauty contest winners in the Philippines. Builders, including leaders of conglomerates that employ thousands of people, play a key role in driving the country’s socio-economic growth and progress. Two Filipino corporate leaders were recognized by two regional award-giving bodies this week, a testament to how they have influenced not just the Philippines but the Asian region as well. Lance Gokongwei, president and CEO of Philippine conglomerate JG Summit Holdings, received the honorary Ernst & Young (EY)-Bank of Singapore ASEAN Entrepreneurial Excellence Award on November 18, Monday, in Singapore. Congratulations to Mr. Lance Y. Gokongwei, President and CEO of JG Summit Holdings, Inc., who is named the winner of this year’s EY-Bank of Singapore Asean Entrepreneurial Excellence award. #EYEOYSG #Entrepreneurship pic.twitter.com/PCNQUXW2GH — EY Singapore (@EY_Singapore) September 25, 2024 The 58-year-old son of the late Filipino industrialist John Gokongwei, who has Bachelor degrees in Finance and Applied Science from University of Pennsylvania, was cited for his contributions to the Southeast Asian business and economic landscape. “As a second-generation entrepreneur, Lance started with the company as a junior salesperson and worked his way up to eventually steer his father’s company into a flourishing new phase of growth and success. JG Summit Holdings now has a dynamic portfolio in the Philippines and Southeast Asia, spanning sectors including food and retail, aviation, real estate, energy, financial services and telecommunications. His impact can be seen in his contributions to national progress by advancing quality education for the future workforce while transforming the lives of fellow countrymen,” said Liew Nam Soon, EY Asean Regional Managing Partner and Singapore and Brunei Managing Partner, Ernst & Young Solutions LLP. JG Summit, in a press release, said Gokongwei was recognized for his role in advancing the ASEAN Economic Community (AEC), an overarching goal of the regional organization seeking to integrate all 10 economies of its member-states. The regional operations of JG Summit’s subsidiaries — Universal Robina Corporation (URC) and Cebu Pacific (CEB) — were keys to Gokongwei getting the recognition. “JG Summit has successfully broadened its presence throughout ASEAN. URC has established operations in major markets including Hong Kong, Indonesia, Malaysia, Singapore, Thailand, Myanmar, and Vietnam, providing products that cater to the diverse needs of consumers across the region. Similarly, Cebu Pacific, one of the Philippines’ leading airlines, contributed to regional connectivity, with flights spanning Southeast Asia, driving tourism, trade, and mobility,” JG Summit said. View this post on Instagram A post shared by Cebu Pacific Air (@cebupacificair) “His focus on innovation, inclusive growth, and sustainability has helped position the company as a key driver of economic progress across Southeast Asia,” EY-Bank of Singapore said in a release. In his speech accepting the award, Gokongwei said: “I am grateful and honored to receive this year’s EY Asean Entrepreneurial Excellence Award. This recognition inspires me to continue leading with a deep sense of purpose, and to be a good steward of the business that has been entrusted to me. This award wouldn’t have been possible without the support of my Gokongwei Group colleagues who bring to life our purpose — an unrelenting commitment to provide our customers with better choices, creating shared success with our stakeholders — every single day.” Must Read ‘He had to give back to society’: Why John Gokongwei donated billions to education The Gokongwei Group is one of the Philippines’ largest and most diversified conglomerates. It has interests in food (URC), air transport (Cebu Pacific), real estate (Robinsons Land), petrochemicals (JG Summit Petrochemical), retail (Robinsons Retail), financial services (GoTyme Bank), media (Summit Media), among others. The EY Asean Entrepreneurial Excellence (AEE) award was established in 2015. It honors business leaders who inspire excellence across industries. It is presented by professional services organization EY and the Bank of Singapore. Eminent leader in Asia SM Prime Holdings Corporation president Jeffrey Lim received the Eminent Leader in Asia Award at the 2024 Asia Corporate Excellence and Sustainability (ACES) Awards held in Bangkok, Thailand on November 14. EMINENT. SM Prime President Jeffrey Lim (2nd left) receives the Eminent Leader in Asia Award in Bangkok, Thailand, November 14, 2024 Lim, a Certified Public Accountant who finished his Bachelor’s degree in Accounting from the University of the East, took the helm of SM Prime in October 2016 as president. He has been with SM Prime since it was founded in 1994 or 30 years ago. He was appointed SM Prime president in 2016, the first non-member of the Sy family to hold the top post. He played a key role in the consolidation in 2013 of all property units of the SM Group into SM Prime, creating the largest property company in the Philippines. “For Lim, true leadership is rooted in a steadfast commitment to collective success rather than personal recognition. He believes the best leaders elevate those around them, fostering collaboration and driving the organization forward with a shared sense of purpose. Lim views leadership as less about commanding and more about listening, understanding and empowering. He strives to create a work environment where each employee feels valued and respected. While focused on achieving outstanding business results, he equally prioritizes a culture that supports well-being and self-care for his team,” the ACES citation said. “Lim’s approach to sustainability extends well beyond regulatory compliance, embedding environmental stewardship at the core of SM Prime’s operations. He advocates for responsible business practices that maximize resource efficiency while carefully managing the ecological balance,” it added. The ACES Awards is organized by the MORS Group, a research-based consulting and training organization. Its goal is to “understand the dynamics of Asia” and to help “propel Asia towards sustainable growth.” It operates the think tank ACES Institute, which produces research seeking to influence government policies. The MORS Group says the Asia Corporate Excellence & Sustainability Awards, which started in 2014, is the “longest-running and most recognised Corporate Leadership and Sustainability awards in Southeast Asia.” It says the ACES presents “the stellar leadership abilities of key management personnel over a range of industries, market sectors and nations, as well as presenting non-biased audits on the environmental and social initiatives undertaken by corporations.” The ACES awards also serve as a “platform” for knowledge sharing, mentoring, networking, and showcasing best practices. “This recognition belongs to the entire SM Prime team,” Lim said in his acceptance speech. “Their dedication and hard work have built the company into the success story it is today.” SM Prime said Lim has been instrumental in the company’s transformation from a Philippine mall operator to one of Southeast Asia’s leading integrated property developers. “His focus on sustainable development has enabled the company to create thriving spaces that contribute to the economic and social well-being of communities across the Philippines,” SM Prime said. At least two other Filipinos have also been recognized by ACES: Dr. Andrew Tan, chair and president of Megaworld, won ACES Entrepreneur of the Year Award in 2022, and Vivian Que-Azcona, president of Mercury Drug Corporation, was Woman Entrepreneur of the Year in 2021 Corporate governance award Meantime, in the local scene, SM Prime Executive Committee Chairman Hans Sy, one of the sons of the late SM founder Henry Sy Sr., was conferred the title of Honorary Fellow by the Institute of Corporate Directors (ICD) Philippines on November 18, Monday. ICD Philippines is a non-stock, non-profit association that promotes good corporate governance via in person and online courses. It was founded by former Finance Secretary Jesus Estanislao, now its chairman emeritus. “Good corporate governance is critical to a country’s global competitiveness and has been shown to have a direct correlation with corporate profitability and growth. Government and regulators require it. Companies of all sizes need it,” says ICD Philippines of its advocacy. The ICD’s Honorary Fellow title is the highest distinction given by the group. It is awarded after a rigorous selection process of individuals who have made exceptional contributions to promoting good corporate governance. “Mr. Sy’s journey is a testament to the impact that visionary leadership and unwavering commitment can have on industries and communities alike,” said ICD Trustee Tomasa Lipana. “His work inspires not only success but also defines purpose — reminding us that true leadership is about leaving a meaningful legacy to the country and to the world.” In accepting the title, Sy said: “As public companies, our responsibilities extend beyond profit. We owe it to our stakeholders to uphold the highest standards of transparency, accountability and ethical leadership.” He also stressed the Sy family’s adherence to values not just as obligations but as guiding principles. “This ensures we lead with purpose, grow responsibly and create a positive social impact,” he added. SM Prime, in a press release, said: “The recognition highlights his significant contributions to corporate governance, sustainability, disaster resilience and education, alongside his efforts to advance best practices within the private sector.” – Rappler.comLions rush for 3 scores and use stingy defense to beat Colts 24-6 for 9th straight win