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TOKYO, JAPAN – Media OutReach – 3 August 2021 – On July 31, 2021, early-stage venture capital firm Headline Asia (formerly known as Infinity Ventures) has announced they will close their fourth fund at over $100 Million. In May 2021, Infinity Ventures and e.ventures rebranded as a single firm, Headline, to invest together globally in innovative internet technology companies.    A number of previous institutional investors returned […]

KUALA LUMPUR, MALAYSIA – Media OutReach – 3 Aug 2021 – On 20 July, OctaFX supported charitable organisation Pertubuhan Tindakan Wanita Islam (PERTIWI) in the distribution of meals to people in need during the Eid al-Adha season. On 20 July, OctaFX joined efforts with charitable organisation Pertubuhan Tindakan Wanita Islam (PERTIWI) to organise food distribution for those in need. This special dinner for 400 beneficiaries took place in Kuala Lumpur in […]

PHNOM PENH, CAMBODIA – Media OutReach – 30 July 2021 – To meet the increasing digital and cashless demands of Cambodians, Hong Leong Bank Cambodia (“HLB” or the “Bank”) in partnership with Mastercard has launched a Standard and Platinum Debit Mastercard. These new cards will provide consumers with convenient, easy-to-use and secure cutting-edge payments products when paying online or in-store. Hong Leong Bank Cambodia partners Mastercard to introduce a Standard and Platinum Debit […]

SINGAPORE – Media OutReach – 30 July 2021 – Leading international wealth manager and private bank, VP Bank Ltd, today announced several key changes within its Asia organisation. These appointments further affirm the bank’s dedication towards Strategy 2026, to grow its client relations and enhancing its competitive edge to seize opportunities in the region.   VP Wealth Management (Hong Kong) Ltd   Organisational Updates   1.       After a 15-year career […]

Rekindling Hong Kong’s economic growth through innovation HONG KONG SAR – Media OutReach – 30 July 2021 – The 2021 Deloitte Hong Kong Technology Fast 20 & Rising Star program (Deloitte Hong Kong Tech Fast Program) is open for applications.   This year, Deloitte is pleased to join forces with Strategic Partners Hong Kong Cyberport (Cyberport), Hong Kong Science and Technology Parks Corporation (HKSTP) and Alibaba Entrepreneurs […]

SINGAPORE – Media OutReach – 30 July 2021 -Tuas Power, Singapore’s market leader in power generation and electricity retailing, signed a Memorandum of Understanding earlier in June with NEFIN, a leading solar photovoltaic developer and investor in carbon neutrality solutions, to jointly bid for the 100 megawatts (100MW) of zero-carbon electricity import from Malaysia into Singapore.  To support the Singapore Government’s move to enhance energy security through leveraging on […]

HONG KONG SAR – Media OutReach – 28 July 2021 – In support of the Hong Kong SAR Government’s electronic Consumption Voucher Scheme, Hang Lung Properties today announced that “Go Shopping!” , our new cross-mall promotional campaign, will be launched on August 1, also the first disbursement day of consumption vouchers, to help drive retail growth. Customers who spend every HK$800 in Hang Lung Malls will enjoy HK$200 […]

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NANJING, CHINA – Media OutReach – 29 July 2021 – Royal Golden Eagle (RGE) and Bank of Communications (BCM) Jiangsu Branch have entered into the Cooperation Agreement on Carbon Emission Trading Funds Custody in Nanjing. Made three days after the launch of China’s national carbon emission trading market, the agreement is China’s first carbon asset custody business between a financial institution and a multinational corporation. The agreement will bring into […]

Despite the recent softer tone for the US dollar, a deterioration in US/China geopolitics and a rise in the delta/lambda variants of coronavirus, gold has been unable to breakout convincingly above the 1800 an ounce on any safe haven buying binge. The only possible conclusion is that Auric is still traumatized by the Federal Reserve’s signal that it will taper its monetary policy on a time table […]

SINGAPORE – Media OutReach – 27 July 2021 – Global eTrade Services (GeTS), a global trade platform company, announced today the launch of CALISTA inventory financing (CIF) – one of the first platforms to be integrated with the Singapore Trade Data Exchange (SGTraDex) to simplify information flows through the global supply chain ecosystem via a shared data stream. SGTraDex is a new exchange recently launched by the Singapore Government […]

After an epic fall in 2020-2021 due the coronavirus shock and the subsequent explosion in the Federal Reserve’s balance sheet to its current $8.2 trillion, the US dollar has made a counter cyclical move to 93 on its trade weighted index (DXY). The catalyst for this move are massive Japanese purchase of long duration US Treasury bonds, Chinese central bank intervention to arrest the rise of the […]

The Caribbean boasts 26 beautiful countries, each of which has numerous attractions worth visiting. It is the best destination for anyone who wants to enjoy a holiday that offers plenty of exciting and relaxing activities and everything in between. Its most popular countries preferred by holidaymakers include the Dominican Republic, Cuba, Puerto Rico, Jamaica, and the Bahamas. However, not all Caribbean countries get the credit they deserve. […]

The funding will fuel the company’s mission to make a North American education accessible to high-promise students from around the world WASHINGTON, DC – Media OutReach – 21 July 2021 – MPOWER Financing, the leading provider of education loans to high-promise students around the world, today announced that it has raised an equity investment of US$100 million. The funding underscores investors’ confidence in MPOWER’s position as the […]

Successfully issued the second tranche of domestic corporate bonds Strengthen the debt structure and lower the financing costs HONG KONG SAR – Media OutReach – 21 July 2021 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer engaging in property development and investment in first-, second- and robust third-tier cities in China, is pleased to announce that […]

Tat Wee Koh brings his impressive depth of knowledge in sales and technology to Duco. SINGAPORE – Media OutReach – 21 July 2021 – Tat Wee Koh has been appointed Head of Sales for APAC at Duco, a UK-based fintech provider of data control services. In this role, Tat Wee will lead the sales and business development efforts to continue expanding Duco’s presence in Asia, develop new […]

So I hear from the Valley grapevine that the Robinhood could hit Nasdaq anytime in the next few weeks and the underwriters have begun the roadshow for HOOD at a valuation of $35 to $40 billion. This could be the mother (and father) of all shorting opportunities as I would not touch this puppy with a ten foot pole. Why? One, the two founders own less than […]

Time for a futuristic idea – why? In the spirit of Barney The Purple Dinosaur From Our Imagination, I love you, you love me, we are happy family – as long as we keep a safe digital distance from each other. So here goes with an idea du jour. Airbnb (ABNB) has tanked from 156 to 137 in the last two weeks, yikes. Yet the trends since […]

World Finance magazine, a leading global financial publication, proclaimed OctaFX the Best ECN Broker for the second time. KUALA LUMPUR, MALAYSIA – Media OutReach – 16 July 2021 – According to World Finance, while people spent much of 2021 locked down, the increase in digital communications was promising for the Forex industry. Brokers went out of their way to provide excellent services and keep the attention of […]

Arabian Post Staff The Dubai Financial Services Authority (DFSA) has published a Decision Notice against  Ashish Bhrugu Dave , a former Chief Financial Officer (CFO) of the Abraaj Group, imposing a penalty of USD 1,700,000 (AED 6,243,250). The notice also prohibits and restricts Dave from performing any function in connection with the provision of financial services in or from the DIFC.  Dave was the Abraaj Group CFO […]

Service innovations boost customer satisfaction HONG KONG SAR – Media OutReach – 14 July 2021 – MSIG Insurance (Hong Kong) Limited (“MSIG”) today published its second annual MSIG Claims Report (“the report”) which revealed a significant increase in customers using its industry-leading EASY Claims online platform to submit claims in 2020. The results highlight MSIG’s ability to deliver innovative services to meet the growing digital needs of […]

SINGAPORE – Media OutReach – 14 July 2021 – GBG (AIM:GBG), the global expert in digital identity, helping businesses prevent fraud and meet complex compliance requirements, has announced the appointment of Bernardi Susastyo as General Manager of Asia, Shekhar Bhagat as Head of Alliances of Asia Pacific (APAC) and Ng Han Liong as Head of Presales of Southeast Asia (SEA) to drive GBG’s growth and innovation capabilities […]

New Trend Micro study reveals tips on how to mitigate phishing and ransomware HONG KONG SAR – Media OutReach – 13 July 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, published new research revealing that half of US organizations are not effective at countering phishing and ransomware threats. The findings come from an Osterman Research study commissioned by Trend Micro and compiled […]

Rechtsanwalt Dr. Michael JafféInsolvency Administrator of Wirecard Sales International Holding GmbH Disposal of Subsidiaries in Asia well advanced: Further sale in Indonesia – transactions completed in Hong Kong and Malaysia MUNICH/ASCHHEIM/DUBLIN/KUALA LUMPUR/HONG KONG/JAKARTA – EQS Newswire – 12 July 2021 – The insolvency administrator has achieved further success in completing additional divestitures as part of the insolvency proceedings regarding the assets of Wirecard AG and Wirecard Sales […]

It is ironic that the US Dollar Index (DXY) rose to 92.85 even as the yield on the 10 year US Treasury note tanked from 1.75 in March to as low as 1.26 last Thursday. Economic data, high yield credit spreads and the TIPS inflation breakevens convinced me that the fall in bond yields had less to do with shifts in Federal Reserve monetary policy or inflation/growth […]

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