IMC Pan Asia Alliance Is Now Known as Tsao Pao Chee Group

SINGAPORE, April 12, 2024 – IMC Pan Asia Alliance (IMCPAA) unveiled a historic rebrand as (TPC) Tsao Pao Chee Group Pte Ltd at the AT ONE International Festival in Suzhou, China today. This significant milestone, under the helm of fourth-generation steward and Chairman of TPC, Chavalit Frederick Tsao (Chavalit) propels the company into an exciting new era laser- focused on impactful investments and fostering a well-being economy.

The TPC brand honours the company’s original tradename, Tsao Pao Chee, which dates back about 120 years during the Qing Dynasty. It signals its evolved commitment to creating value through stewardship, collaboration, and entrepreneurship in service of life’s flourishing. This rebrand echoes Chavalit’s clarion vision: transforming family businesses into catalysts for positive change across societies.

“This is more than just turning the page. We need to go back to finding our own roots, our own culture, our own morality, and ethical traditions. Therefore, I decided to return to our roots and bring back the original trade name of the family business used by my great grandfather because that has always been our true brand, ” Chavalit said.

The rebranding is more than just a new name and logo. It symbolises the dedication to aligning business success with the betterment of lives and communities. Under the TPC banner, the company is poised to leverage its history of innovation and strategic partnerships to drive sustainable growth. Strategic business verticals like IMC Industrial and OCTAVE will reorient toward adding value to co-create the well-being economy. TPC’s investment arms have already redirected USD 320 million to invest in the impact and well-being sectors.

TPC is also transforming its approach to corporate philanthropy by incorporating it into its business culture. Three non-profit units have been established to achieve this: OCTAVE Institute, No.17 Foundation, and Restore Nature Foundation, which focuses on restoring human relationships, collaboration, and nature, respectively.

Mr Tsao Wa-Chang founded TPC in the late 1800s. Over four generations, for nearly 120 years, the company evolved from a traditional shipping company into a multinational business. Today, TPC is transforming into a purpose-driven profit business with a mission to “serve human well- being and create wealth at the same time.”

Under Chavalit’s stewardship, OCTAVE, which fused wisdom from Eastern practices with modern science, is created to foster individual and collective growth. Chavalit’s founding of OCTAVE and involvement in various philanthropic endeavours speak to his commitment to stewarding the business as a purpose-led profit institution.

The brand’s new logo melds English and Chinese characters into one holistic emblem, and the colour “Awakening Red” represents new materialism. TPC’s corporate colour, emerald green, reflects TPC’s deep reverence for nature as the source of life, while its crisp, flowing geometry symbolises constant evolution and the open exchange of ideas.

TPC calls on entrepreneurs, investors, economists and socially conscious leaders across the globe to join them in co-creating an economy where purpose and profit flourish in tandem. Through innovation, courage, and the radical embrace of interconnectedness, TPC is committed to driving progress where it matters most – the flourishing of all life.

Founder of OCTAVE Institute, Chavalit Frederick Tsao, makes a collaborative contribution towards Halogen Foundation

Fourth generation business steward and founder of Octave Institute, Chavalit Frederick Tsao collaborates with Halogen Foundation to partner in co-creating a cross-generational education system beyond schooling for youth, towards the shared future and destiny for humanity.

SINGAPORE, Aug. 17, 2023 /PRNewswire/ — To drive change and co-create a new era of oneness and holistic well-being, business steward Mr Chavalit Frederick Tsao, Founder of Octave Institute (“Octave”) and Chairman of IMC Pan Asia Alliance Group (“IMCPAA”), collaborates with Halogen Foundation Singapore (“Halogen”), a not-for-profit Institution to co-creating the future of youth in Singapore. Octave presented a collaborative contribution of $250,000 to Halogen today during The Halogen Ball hosted by Halogen, and graced by Guest-of-Honour, Mr Tharman Shanmugaratnam. Octave is also the presenting sponsor of this event. This marks the beginning of a relationship between Octave and Halogen, to bringing awareness of our youth to humanity’s synchronicity with nature and the flourishing of Life through collaborations between Octave Institute and Halogen Foundation.

Founded by Mr Tsao, Octave is a school of life and management, with focus on business reforms and leadership transformation. Octave helms organisational development initiatives and offers a new leadership approach to well-being and sustainability based on consciousness shift to reframe ethics. As a progressive business steward who believes strongly in Singapore’s potential, Mr Tsao actively seeks opportunities to co-create the future through partnerships with local organisations and institutions. Through the collaborative contribution to Halogen, Mr Tsao aims to pave the way for more opportunities, partnerships and collaborations with Halogen to impact and empower youth in their education journey beyond schooling.

“Global consciousness is shifting, as the world is awakening to the need for unity through collaboration and partnership. The future before us will be very different compared to the industrial era that we are familiar with. As one humanity, we hold the future in our hands; we have what we need within us to co-create this new era. We only need to shift to new consciousness in life and find a common worldview to pave the way for solutions for our common challenges. Youths when awakened to their life purpose and placed on the path to find their calling are empowered to flourish in Life. Together, we co-create a cross generation education system beyond schooling for a shared future and destiny for humanity,” said Mr Tsao.

Advocating for a new world view in latest book, One Choice, One World

Mr Tsao also launched his latest book, One Choice, One World: The Rise of The Well-Being and Happiness Economy, during the same event. In this provocative and ground-breaking work, Mr Tsao presents his bold vision for a new consciousness of life in the era of well-being and happiness, that recognises humanity as a part of one holistic system for all Life.

Mr Tsao advocates for business to be in the forefront of this transformation; that it is well positioned to answer the United Nation’s call to creating a new market economy and shift from the current Gross Domestic Product to Gross National Happiness. Business reform is pivotal, to bring out the nature of business ethics to create a market economy of impact towards well- being of all.

Through his latest work, Mr Tsao calls for all to collaborate and co-create a better future. He hopes to engage leaders in dialogues and conversations to ignite change for the new era.

Mr Tsao is the fourth-generation steward of IMC. With more than 40 years as an entrepreneur and his diverse experiences, insights and knowledge of both East and West cultures that informed his world view, Mr Tsao successfully transformed his family’s traditional shipping company into a multinational conglomerate that serves Asia Industrialisation and globalisation. He is now evolving his business to another level, as he is redefining business sustainability and integrity, to make impact in creating a new era of well-being. It is for this purpose, he founded Octave Institute as a quantum leadership centre that focus on business reforms and leadership transformation.

Mr Tsao commented, “In today’s world, mired in challenges brought about by globalisation and digitisation, we are at a very different juncture. To confront global challenges, we must forge a common worldview grounded in the recognition that humanity is part of the ecosystem for all life on Earth. There is an urgent need for us to co-create a new era of inclusive and holistic well-being. Each of us has a part to play in this paradigm shift that I espouse in my new work, One Choice, One World. Through the integration of Eastern wisdom and Western science, I believe that we will be able to create positive change together. The future is in our hands!”

More information on the book can be found via

Studio 30 50, a unique partnership based Maritime Digital Venture Studio, launches in collaboration with Hafnia, IMC Ventures, Microsoft, DNV, and Wilhelmsen

Studio launches in collaboration with Hafnia, Microsoft, DNV, IMC Ventures and Wilhelmsen Hafnia, along with Microsoft, Wilhelmsen, IMC Ventures and DNV has announced the launch of a new digital venture studio, “Studio 30 50”.

The studio’s objective is to identify new solutions which can address a broad range of ESG topics concerning the maritime industry, while also funding innovative proposals (built by startups) which seek to improve efficiencies across the whole maritime supply chain. Shanker Pillai, Head of Innovation and Change at Hafnia, will be leading the efforts on Studio 30 50.

One of the key targets facing the maritime industry today is to reduce emissions significantly by 2030 while aspiring to be Net Zero by 2050. Studio 30 50 aims to solve both near-term and long-term goals around building a sustainable and agile maritime industry of the future. This is a vision shared by all partners, and the studio aims to attract a new type of talent to the maritime sector in the form of individual founders and early-stage start-ups who have an ambition to solve complex challenges around emissions reduction, building a circular economy, solving social issues and the broader supply chain inefficiencies facing the maritime industry.

Unlike traditional venture studios, Studio 30 50 ’s strength is derived from its partnership and collaboration model. It has been incorporated by partners who believe in the power of innovation and entrepreneurship and are committed to provide the space to test, validate and scale eligible concepts within their own organisations and their wider ecosystems.

Through this venture, Hafnia and its Studio 30 50 partners will help new founders in their journey of raising sufficient capital, bridging the product-market fit, providing a successful point of entry and in building scalable, sustainable business models that offer unique added value in a competitive and strict regulatory landscape.

Axel Tan, Venture Partner, IMC Ventures shared, “The maritime industry is picking up the pace in digitalisation, but to achieve wide-scale impact and sustainability outcomes, an ecosystem approach that aligns interests such as Studio 30 50 is needed. IMC aims to create a positive impact through its investments, and we are thrilled to work with like-minded partners to drive innovation and entrepreneurship.”

Dr. Sharin Osman, DNV Regional Maritime Advisory shared, “Closer collaboration between corporates and start-ups is key for scaling innovations, which will be key for successful transformation and decarbonization of our industry. DNV is proud to support Studio3050 targeting this together with other likeminded industry players, and especially so here in Singapore whom has a consistent strategy focusing on innovation, start-ups and digital investments”.Applications to Studio 30 50 are set to open in April 2023. Shortlisted founders and start-ups will receive an invitation to join the first cohort in June where they will be exposed to the issues facing the industry and prompted to ideate disruptive solutions for new companies. Applicants will be given support in the form of product management, technical know-how, data support, and venture capitalists’ validation.

“A consortium-based venture studio to enhance corporate backed venture building for the maritime industry is something that aligns seamlessly with our in-built philosophy of collaboration. We are looking forward to being an integral part of this new ecosystem, combining talent with deep domain expertise to uncover novel approaches that help drive our industry forward” – says Nakul Malhotra, Vice President, Emerging Opportunities Portfolio, Wilhelmsen.

“Studio 3050 will enrich Singapore’s maritime innovation community through their connectivity to corporates networks to attract more talents, bring in new ideas, raise funding and scale-up support for new founders and start-ups. We encourage more Venture Capitalists and maritime corporates to tap into the large base of demand drivers and solutions providers in Singapore, as well as a rich research ecosystem that is supported by a highly educated workforce, strong protection for intellectual property, and quality R&D infrastructure” – says Ng Yi Han, Director, Innovation, Technology & Talent Development, MPA

Microsoft joins Studio 30 50 as the principal innovation partner in the collaboration and will support all funded startups that will be incubated via its Microsoft for Startups Founders Hub program. The platform offers benefits and credits, gives startups free access to technology across the Microsoft Cloud, tools, and resources they need to build and run their business. This includes the most trusted, secure, open-source friendly and compliant cloud platform, to best-in-class developer and productivity tools including GitHub Enterprise, Visual Studio Enterprise, and Microsoft 365.

Beyond access to technology, Microsoft for Startups Founders Hub will empower entrepreneurs to innovate and grow by connecting them with mentors who will provide them with industry, business, and technical guidance to help navigation to their next business milestones. In addition, startups looking to catalyze entrepreneurship, learning and innovation, will have access to Microsoft Learn and a variety of startup and unicorn programs to help them build connections with customers and accelerate their growth.

“Our first-in-Singapore collaboration with leaders in the global maritime space will infuse innovation in data & AI, sustainability and security into all parts of their industry,” said Richard Koh, Singapore Chief Technology Officer, Microsoft. “We are confident that this ecosystem collaboration will empower Singapore to transform the global maritime industry at scale with homegrown innovation on the Microsoft Cloud, while addressing challenges in sustainable energy use, resourcing and process optimization.”

In announcing the program, Hafnia’s Shanker Pillai, Head of Innovation and Change reiterates the urgent need for a collective approach to address change, not only at an organizational level but from anyone with an interest in driving the tomorrow of the maritime industry. Interested participants can consult the Studio 30 50 website, where they can submit their application.