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Redemption of US$420 million senior notes and perpetual bonds reduce average financing costs effectively and optimize debt structure   HONG KONG SAR – Media OutReach – 19 November 2020 – 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 the Group successfully priced its US$350 million,5.5-year […]

Ethiopian federal troops are closing in on Tigray’s capital of Mekelle, Redwan Hussein, the government spokesperson for the state of emergency task force, told CNN on Wednesday.

By James M. Dorsey and Alessandro Arduino Public debates about China’s Middle East policy are as much internal Chinese discussions as they are indications of where Beijing’s thinking is going and efforts to nudge countries like Saudi Arabia and the United Arab Emirates to accommodate potential policy changes. Relying on scholars rather than officials, China is signalling to Gulf states adjustments they would have to make to […]

The plant-based minced pork is Beyond Meat’s latest cutting-edge innovation and the company’s first product developed specifically for the Chinese market From Nov. 18-24, Shanghai foodies can be the first to try Beyond Pork at five popular Shanghai restaurants   SHANGHAI, CHINA – Media OutReach – 18 November 2020 – Beyond Meat, Inc. (NASDAQ: BYND), a pioneer in plant-based meat, is announcing its latest product innovation: Beyond Pork™. Designed to deliver […]

The launch of Finvest, an online investment platform, signals Lu International’s continued efforts to expand its footprint across Southeast Asia via strategic partnership.   SINGAPORE – Media OutReach – 17 November 2020 – Lu International (Singapore) Financial Asset Exchange Pte. Ltd. (“Lu International”), a subsidiary of China’s leading technology-empowered personal financial services platform Lufax Holding, and KASIKORNBANK, leader in digital banking and one of Thailand’s largest banks, announced today the launch […]

By James M. Dorsey Weakened by Joe Biden’s electoral defeat of US President Donald J. Trump, Israeli Prime Minister Binyamin Netanyahu risks being caught between a rock and a hard place as Jordan, the Palestine Authority and the United Arab Emirates manoeuvre for control of what is to Jews the Temple Mount and to Muslims the Haram ash-Sharif, the third most holy site in Islam. The rivalry […]

NEW DELHI: India’s overall tally of new coronavirus cases remained steady on Saturday, but officials were watching a surge of cases in the capital that comes as people socialize during the festival
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Rebellious forces from Ethiopia’s Tigray region fired rockets at the airport in Eritrea’s capital Asmara on Saturday evening, their leader said on Sunday, confirming earlier reports of a major escalation in a 12-day old conflict in Ethiopia.

Highlights of FY20/21 Half-Year Results   Group sales US$1,330 million — down 15% compared to first half of the prior financial year Gross profit US$300 million or 22.5% of sales (compared to US$357 million or 22.8% of sales in prior half year) Underlying EBITA margins, adjusted to exclude the impact of significant non-cash and divested items, increased to 10.2% from 9.9% in prior half year Net profit […]

Small business sector shows resilience in challenging conditions; operational discipline during COVID-19 drives free cash flow of $54 million   WELLINGTON, NEW ZEALAND – Media OutReach – 12 November 2020 – Xero Limited (ASX: XRO) today reports half year earnings to 30 September 2020 (H1 FY21) that demonstrate the resilience of its global subscriber base, and its proactive response supporting customers and partners, in a challenging COVID-19 […]

HONG KONG SAR – Media OutReach – 11 November 2020 – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, today announced that the Company will be included as a constituent of MSCI Hong Kong Index, effective after the market close on 30 November 2020. Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs […]

HONG KONG SAR – Media OutReach – 11 November 2020 – Luxury media group Tatler has officially revealed the full 5th edition of the annual Gen.T List, sponsored by Credit Suisse. The list has become a definitive reference of leaders of tomorrow – the most promising millennial entrepreneurs who are redefining the landscape of Asian culture and business. Previous honourees have included tech entrepreneur Eric Gnock Fah and actor Henry […]

Coherent provides digital platforms and data intelligence engines to empower insurers to evolve and shape the post-COVID future of insurance   HONG KONG SAR – Media OutReach – 10 November 2020 – Coherent, the provider of digital platforms to insurers, today confirmed a US$14M Series A funding round led by global VC fund Cathay Innovation, with participation from Franklin Templeton. The funds will fuel the insurtech start-up to expand its […]

By Annie Domini   The United States of America is going through the quadrennial process of electing the 46th president, or re-electing the incumbent despot Donald Trump, heavily challenged by the mild Democrat Joseph Biden. At the time of writing this column, Biden has secured more votes than any president in the history of the […]

The accounting and corporate compliance super app will use funds to further develop its engineering, product development, and marketing   HONG KONG SAR – Media OutReach – 6 November 2020 – Osome, a growing super app in the accounting and corporate compliance space, has raised US$3 million in funding by XA Network and AltaIR Capital. Small to medium sized businesses spend on average 120 days per year on administrative tasks, making it […]

The first tournament of the Ladies Asian Tour series is the Hana Financial Group Championship, commencing November 5 at Sky72, Incheon The series is slated to have at least six events across Asia in 2021, including the Singapore Women’s Open    INCHEON, SOUTH KOREA – Media OutReach – 4 November 2020 – Hana Financial Group Championship 2020 will tee off this Thursday as the first tournament of the newly […]

World No. 1 Jin Young KO, KLPGA No. 1 Hyo Joo KIM among players competing in the first of the newly minted Ladies Asian Tour series, for a total purse of KRW 1.5 billion (US$1.3 million)   SEOUL, SOUTH KOREA – Media OutReach – 3 November 2020 – Hana Financial Group (Chairman Jung-Tai Kim, www.hanafn.com) has announced that the 2020 KLPGA Hana Financial Group Championship is to be held at the […]

HO CHI MINH CITY, VIETNAM – Media OutReach – 30 October, 2020 – The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits (separately) of VND3.615 trillion (US$155.5 million) for the first nine months of the year, a year-on-year increase of 31.9 per cent and equivalent to 107 per cent of the target. Non-interest income grew by 158 per cent in the third […]

HONG KONG, CHINA – Media OutReach – 30 October 2020 – DFA Awards 2020 is pleased to announce its recipients for the year of 2020. Three design trendsetters have been recognised under the three individual awards, namely the DFA Lifetime Achievement Award (DFA LAA), the DFA Design Leadership Award (DFA DLA), and the DFA World’s Outstanding Chinese Designer (DFA WOCD). In addition, 197 design projects have been recognised under the […]

HONG KONG, CHINA – Media OutReach – 30 October 2020 – DFA Awards 2020 is pleased to announce its recipients for the year of 2020. Three design trendsetters have been recognised under the three individual awards, namely the DFA Lifetime Achievement Award (DFA LAA), the DFA Design Leadership Award (DFA DLA), and the DFA World’s Outstanding Chinese Designer (DFA WOCD). In addition, 197 design projects have been recognised under the DFA […]

Advances in Managing Data Create New Levels of Insight and Performance Accountability for Today’s Agile Organizations   SINGAPORE – Media OutReach – 30 October 2020 – Workday Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced availability of Workday Accounting Center and machine learning (ML)-driven predictive forecasts for Workday Adaptive Planning, as well as additional functionality across its finance offerings, to drive insights, […]

The Middle East and North Africa (MENA) region’s hotel sector can expect the start of a recovery in the fourth quarter (Q4) of 2020, according to Colliers International’s latest MENA Hotels Forecast in September. The recovery, which will take place following the novel coronavirus (COVID-19) pandemic, is set to continue into 2021. It anticipates that the UAE and Saudi Arabia’s hotel sectors will witness a faster recovery […]

RIYADH: Saudi Arabia’s Shatirah House Restaurant Company – owner and operator of the “Burgerizzr” restaurant chain – has chosen Emirates NBD Capital Saudi Arabia as the exclusive financial advisor to

Rebranding exercise aims to better harness the Kampung Spirit of Singaporeans supporting their favourite local businesses   SINGAPORE – Media OutReach – 27 October 2020 – Singapore-based peer-to-peer (P2P) investment network SeedIn today announced its rebranding to BRDGE. With the rebranding, BRDGE will be able to better reflect the company’s mission to serve Singapore’s small and medium enterprises (SMEs) not just through financial support but with the […]

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