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Economist Impact’s Sustainability Week Asia 2022 highlights the key sustainability trends and goals in the region towards a more equitable and sustainable future

A virtual week discussing how organisations can optimise their ESG performance. HONG KONG SAR – Media OutReach – 7 February 2022 – Online and in-person, February 14th-17th 2022 – Policymakers, businesses and thought leaders from major corporations will congregate online and at exclusive in-person sessions at Economist Impact’s Sustainability Week Asia from February 14th to 17th 2022. Asia is experiencing a surprisingly strong economic rebound following the global pandemic but […]

Israel expands its Iran strategy

By James M Dorsey Israeli Prime Minister Naftali Bennett has laid out an expanded Israeli strategy to confront Iran that appears to move beyond a potential military strike against the Islamic republic’s nuclear facilities. Bennett appeared to be guided not only by concern about the fallout of a unilateral Israeli action but also seemingly mounting fears in Tehran that economic hardship could spark a social explosion. “Bennett’s new approach […]

DeFi startup Pillow raises $3M led by Elevation Capital and marquee angels

To be used to deepen access to DeFi opportunities, accelerate global expansion; build strong user community SINGAPORE – News Direct – 4 February 2022 – Pillow, a DeFi (decentralized finance) startup that helps generate yields on crypto, has raised $3M in seed funding led by Elevation Capital and a host of prominent crypto angels, including Scott Lewis (Co-founder, DeFi Pulse), JD Kanani & Sandeep Nailwal (Co-founders, Polygon), Prabhakar […]

Aurora Strategy Group Announces Largest Expansion In Its History

New consultants from Australia, Canada, and the United States offers global reach and additional services TORONTO, CANADA – News Direct – 3 February 2022 – Marcel Wieder, President and Chief Advocate for Aurora Strategy Group announced the firm’s largest expansion by adding six new consultants in Australia, Canada, and the United States. This follows the recent addition of consultants in Israel and the United Arab Emirates.   […]

Second year in a row: OctaFX receives ‘Best in Class––Social Copy Trading 2022’ award

KUALA LUMPUR, MALAYSIA – Media OutReach – 3 February 2022 – The authoritative ForexBrokers.com platform has recently honoured global Forex broker OctaFX as ‘Best in Class––Social Copy Trading 2022’. OctaFX managed to receive this award for the second year in a row.    January has been a strong month so far for international Forex broker OctaFX. The online platform ForexBrokers.com recognised the fintech company with the ‘Best in Class––Social Copy […]

Accenture to help develop UAE payment system

Arabian Post Staff Accenture  has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years. The new platform lays the groundwork for transforming the financial services […]

Lebanese judge issues subpoena for cenbank governor Riad Salameh

Judge Ghada Aoun said she had issued a subpoena for Riad Salameh, after Lebanon’s Central Bank Governor failed to attend an investigation session for the third time. Aoun last month imposed a travel

ESR closes JPY28 billion Sustainability-Linked Loan

Represents ESR Group’s third sustainability-linked loan which further reinforces its deep-rooted commitment to ESG following the acquisition of ARA SINGAPORE/HONG KONG – Media OutReach – 30 January 2022 – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821) has secured a Sustainability-Linked Loan (“SLL”) of JPY28 billion (approximately US$243 million) with an option to upsize it to JPY35 billion (approximately US$303 million). This represents […]

Fitch affirms CIFI’s ‘BB’ rating and outlook stable; removes CIFI from UCO list

HONG KONG SAR – Media OutReach – 28 January 2022 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in first-, second- and robust third-tier cities in China, is pleased that Fitch Ratings has issued a report to affirm CIFI’s long-term foreign and local -currency issuer default ratings at ‘BB’; the Outlook is ‘Stable’. In addition, CIFI has been […]

Wells Singapore Expanding Amid Rising Demand From Local Market

SINGAPORE – Media OutReach – 28 January 2022 – Wells Singapore is revealing its expansion plans amid strong growth and increasing demand from the local market. On top of its expansion, the water dispenser and purifier company is also preparing to launch a series of new products that aim to enhance user experience and elevate home designs.   As demands of the local market continue to rise amid the COVID-19 pandemic, Wells will be […]

Cyberport houses nearly 60 WealthTech startups offering diverse solutions, helping to promote inclusive wealth management and improve industry efficiency

HONG KONG SAR – Media OutReach – 25 January 2022 – According to a Securities and Futures Commission (SFC) report, Hong Kong’s asset and wealth management business recorded an increase in assets under management (AUM) of over 20 percent year-on-year, to HK$34.9 trillion, as of end 2020. As one of the region’s most robust wealth management hubs, Hong Kong holds considerable potential for WealthTech development. As the largest FinTech community in Hong […]

Nagarro joins forces with Techmill Global

SINGAPORE – EQS Newswire – 21 January 2022 – Nagarro, a global leader in digital engineering, has reached an agreement with the shareholders of Singapore-headquartered Techmill Global Pte Ltd, a front runner in fintech services, to bring the companies together. The Techmill group, founded by Harihara Gopinath Sharath and Vishwanath Rajashekarappa in 2008, has over 180 employees across the world, with the majority in India. It counts […]

Google forms blockchain group

Arabian Post Staff Google has formed a dedicated Blockchain Group focused on “blockchain and other next-gen distributed computing and data storage technologies”. Shivakumar Venkataraman, an engineering vice president for Alphabet Inc.’s Google shall be leading this new blockchain division. Venkataraman led Google’s search advertising team for almost 19 years turned VP/GM at Google Labs in Jan 2022. Although Google has been offering cloud services to blockchain projects, this […]

The Advantages Of Going Paperless As A Business

The world is going digital, and businesses are starting to realize the many advantages of going paperless. There are countless benefits to making the switch, including reduced costs, improved efficiency, and a smaller environmental impact. This blog post will discuss the many advantages of going paperless as a business and also provide tips on how to make the transition successfully. Photo by Kaboompics .com from Pexels 1) […]

Lighthouse Canton wins two categories at Asian Private Banker Awards for Distinction 2021

Lighthouse Canton was awarded Best Independent Wealth Manager for Investment Advisory and Wealth Planning Services at the Asian Private Banker Awards for Distinction 2021. SINGAPORE – Media OutReach – 21 January 2022 – Global investment institution Lighthouse Canton has been named the winner in two categories at the prestigious Asian Private Banker Awards for Distinction 2021. The two categories are “Best Independent Wealth Manager – Investment Advisory” and “Best Independent Wealth […]

Babel Finance Announces New Partnership With Chainalysis Leading to Innovations in Crypto Lending and Financing

HONG KONG SAR – Media OutReach – 21 January 2022 – Babel Finance‘s financial services announced in December 2021 its partnership with Chainalysis. This will offer our institutional investors and high-net-worth individuals worldwide top in class risk controls and management to its crypto financial services, including crypto lending and crypto financing.   Chainalysis is a leading blockchain data platform. Babel Finance will leverage Chainalysis’ KYT (Know Your Transaction) and Reactor […]

AIA appoints new Head of Environmental, Social and Governance (ESG) for Singapore

This latest appointment builds on the company’s ESG push, following its commitment to achieving net-zero greenhouse gas emissions by 2050 SINGAPORE – Media OutReach – 20 January 2022 – AIA Singapore today announced the official appointment of Ms Leong Li Sun as its new Head of Environmental, Social, Governance (ESG). This newly created role is part of the leading life and health insurer’s transformational push to ensure a more sustainable future […]

AIA reaffirms focus on wealth protection and management with the reveal of its Wealthbeing by AIA priority for the burgeoning High Net Worth segment

SINGAPORE – Media OutReach – 18 January 2022 – AIA Singapore today introduced ‘ Wealthbeing by AIA‘ – the pairing of Wealth and Well-being – as it accelerates efforts to meet the underserved needs of High Net Worth individuals (HNWIs) seeking protection and growth for both their wealth and health. This aligns with the company’s advocacy for a more well-rounded approach to achieving healthier, longer, better lives.   Legacies […]

Vietnam is beneficiary of major macro trends

Matein Khalid As multinational diversify supply chains from China, Vietnam obviously benefits. Vietnam has always fascinated me yet it is a frontier market I have not had the opportunity to visit, thanks to the pandemic lockdowns in Ho Chi Minh City. Yet I still believe that Vietnam is the beneficiary of major macro trends that are transforming the geopolitics, economics and financial markets of South East Asia. […]

Munich Re – Weather disasters in USA dominate natural disaster losses in 2021

In 2021, natural disasters caused overall losses of US$ 280bn, of which roughly US$ 120bn were insured Alongside 2005 and 2011, the year 2021 proved to be the second-costliest ever for the insurance sector (record year 2017: US$ 146bn, inflation-adjusted) –overall losses from natural disasters were the fourth-highest to date (record year 2011: US$ 355bn) Hurricane Ida was the year’s costliest natural disaster, with overall losses of […]

AXA launches “FortuneXtra Savings Plan” 9 policy currency options with most flexibility in currency conversion and market-first dual currency accounts

Up to 20% premium refund upon successful application HONG KONG & MACAU – Media OutReach – 10 January 2022 – AXA Hong Kong and Macau (AXA) today announced the launch of “FortuneXtra Savings Plan (“FortuneXtra”)  to help customers seize currency potentials and accelerate wealth building with exceptional flexibility to suit changing trends and needs. Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong Kong and Macau, […]

Amazon Singapore Unveils Roaring Chinese New Year Deals in the Year of the Tiger

Shoppers can enjoy bountiful savings this Chinese New Year on over thousands of sweets & snacks, spring cleaning products, reunion essentials, and more, on Amazon.sg and Amazon Fresh Prime members can enjoy free, fast, and convenient two-hour delivery on Amazon Fresh for orders above S$60, and free one day delivery across a wide range of Prime-eligible selection on Amazon.sg SINGAPORE – Media OutReach – 10 January 2022 – (NASDAQ:AMZN) – In celebration […]

Influential Brands Celebrates Champions of Business Excellence in Asia with Gala Event in Thailand as Part of The Celebration

SINGAPORE – Media OutReach – 6 January 2022 – As small enterprises and prominent businesses alike are embracing the future of work, Influential Brands® conferred recognition on brands and employers who stood strong in their commitment to excellence.   Backed by a robust market survey in Asia with the participation of 15,000 consumers and an anonymous survey of more than 10,000 employees, 32 companies are named the “2021 Asia’s Top Influential Brands”, […]

China’s brutal bear market

By Matein Khalid 2021 was a classic annus horribilis in the Chinese stock market as even a wannabe bottom fisher in Alibaba at 160 like moa can attest. Yet the 37% plunge in MSCI China index and Hong Kong red chips was the worst financial performance in the Middle Kingdom since the 2008 global financial meltdown. The pain was most concentrated in Chinese internet and property developer […]