SINGAPORE – Media OutReach – 16 December 2021 – VP Bank announces the appointment of Chris Chee as the Chief Risk Officer (CRO) Asia, effective 16 December 2021, pending approval by the relevant financial market authorities. The appointment comes just as the Bank announced the expansion of its Hong Kong office in November, aligning with its Strategy 2026 to further growth in Asia. Based in Hong Kong, Chris will […]
JAKARTA, INDONESIA – Media OutReach – 15 December 2021 – Siklus, an Indonesia-based firm solving economic and environmental issues through its e-commerce and refill delivery solution, is reporting its business growth and environmental impact results for 2021. Laksamana Sakti (Head of Operations) & Jane von Rabenau (CEO) Business growth: After focusing efforts on R&D, pilot testing, and fine-tuning its business model the previous year, Siklus kick-started sales in Jakarta in January […]
Arabian Post Staff Gulf Capital announced record profitability results for its private equity portfolio over the last twelve months (LTM) ending in Q3 2021. The fair value of Gulf Capital’s $750 Million GC Equity Partners III (Fund III) soared by 67% in the Last Twelve Months, fuelled by the record profitability of its underlying portfolio companies. This strong performance is a direct result of Gulf Capital adopting […]
New facility in Ras Bufontas Free Zone will cater to growing entertainment technology markets in the EMEA region Facility to include an international experience and entertainment technology centre, innovation lab and a large-scale production workshop DOHA, QATAR – Media OutReach – 13 December 2021 – Cityneon Holdings, a global entertainment company based in Singapore that specializes in unique, immersive, and large-scale experiences, signed in Doha a strategic partnership agreement […]
Renovated 145,000 sq ft office space to cater to rapid agency force expansion HONG KONG SAR – Media OutReach – 8 December 2021 – Manulife Hong Kong today announced the official renaming of International Trade Tower (ITT) in Kowloon East to ‘Manulife Place’, effective December 8. As the anchor tenant occupying four floors, Manulife has moved part of its agency force to the newly renovated 145,000 square-foot […]
Arabian Post Staff Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced today the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manufacturing complex in Ruwais, Abu Dhabi (“Borouge 4”). ADNOC and Borealis AG recently signed a strategic partnership that confirms a $6.2 billion (AED22 billion) investment agreement to build Borouge 4. The EPC award underscores Borouge’s […]
By Saifur Rahman The UAE will invest more than US$6 billion in to Kazakhstan economy in the coming years, Askar Mamin, Prime Minister of Kazakhstan, said at a Kazakhstan Trade and Investment Forum held at the Expo 2020. Two sovereign wealth funds – UAE’s ADQ and Kazakhstan’s Samruk-Kazyna signed an agreement to develop a joint holding company on the sidelines of the day-long Kazakhstan Trade and Investment […]
ZURICH, SWITZERLAND – EQS Newswire – 1 December 2021 – Leonteq today announced the integration of its AMC Gateway into the digital marketplace LynQs. The “AMC” module empowers index sponsors to create and manage their own tailor-made index solutions. With this expansion, LynQs becomes an even more comprehensive one-stop-shop for investment solutions. Following the successful launch of the digital marketplace LynQs in 2019, Leonteq continued to enhance its platform throughout […]
SINGAPORE – Media OutReach – 1 December 2021 – Singapore-based AI startup, Sentient.io, announced today that SEEDS Capital, the investment arm of Enterprise Singapore, has invested in its Series B1 funding round following co-investor, Real Tech Fund. The new funds raised will be used for scaling the platform and business expansion into Asia Pacific markets, especially to fulfil the surging demand for Digital Transformation from local and Japanese corporations. Sentient.io […]
Introduces TIP-compliant Tri-band Remote Radio Unit for Global Open RAN Market HONG KONG SAR – Media OutReach – 30 November 2021 – Comba Telecom Systems Holdings Limited (“Comba Telecom” or “the Group”, SEHK stock code: 2342), a global leading wireless solutions provider, today announced that Comba Network Systems Company Limited (“Comba Network”), an indirect subsidiary of Comba Telecom, has introduced the new TIP-compliant Tri-band Remote Radio Unit (“RRU”) to help accelerate […]
FIRE FIT announces opening of exciting new boutique fitness concept in Abu Dhabi ABU DHABI, UAE – Media OutReach – 28 November 2021 – Partners Walid Khoury and Ahmad Alhonjol today announced the completion of an agreement that will bring FIRE FIT’s new and exciting boutique fitness experience to the United Arab Emirates, which is sure to set the local fitness scene alight. Scheduled to open its doors […]
Half year sales of JPY 11,872 million, up 31.1% and 12.1% versus same period of FY2020 and FY2019 respectively EBITDA increased by 4.6 times to JPY 2,635 million as compared to same period last year Interim dividend of JPY 1.5 per share HONG KONG SAR – Media OutReach – 26 November 2021 – HONMA Golf Limited (“HONMA” or the “Group”; together with its subsidiaries, the “Group”; HKEx stock code: 6858), […]
Singapore’s first fully automated large-scale production line for plant-based products Introducing HAPPIEE! A New Homegrown Plant-based Range That Includes Chickiee Nuggets, Chickiee Popcorn and Fishiee Patties and Fishiee sticks SINGAPORE – Media OutReach – 26 November 2021 – Growthwell Foods, a leading manufacturer of plant-based alternatives for meat and seafood for the Southeast Asian market, has launched its Innovation, R&D and Manufacturing Centre at JTC Foodhub Senoko. The centre features […]
DENVER, US – News Direct – 19 November 2021 – 1,000 surveyed tech leaders say distributed work increases productivity and diversity Most remote talent to remain untethered to an office post-pandemic Tech leaders desire to increase remote work for themselves 72% utilize a distributed workforce but face hurdles to expand it Remote and distributed workforces are here to stay due to the mutual benefits to both businesses […]
In Xiaomi’s first quick-commerce partnership in Asia, hundreds of Xiaomi electronic products will be available for on-demand deliveries on foodpanda shops in Singapore and Thailand The foodpanda app is pre-loaded in new Xiaomi devices across 10 markets in Asia foodpanda saw 18x growth in orders for computer and mobile device accessories compared to in 2020, and expects demand for consumer electronics will continue to grow as more […]
SINGAPORE – Media OutReach – 16 November 2021 – Sleek, a leading platform providing incorporation and accounting services for SMEs and entrepreneurs, has announced a $14M in Series A funding led by White Star Capital and Jungle Ventures. This brings the total capital raised by the company to $24M. Sleek will use the fresh funds to bolster tech and product development, hiring, and expand presence in existing markets and enter […]
Erdogan Becoming a Liability for Turkey By Manish Rai Last month Turkey made it into the grey list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog headquartered in Paris. Turkey now joins its close ally Pakistan in FATF’s crosshairs. Surprisingly Turkey becomes the largest economy to be included in this list. The FATF listing for Ankara comes on the back of […]
Asia’s leading e-commerce financing platform launches merchant financing securitization facility with Citi, first deal of its kind in Asia HONG KONG SAR – Media OutReach – 9 November 2021 – Asia’s leading financial technology platform Qupital today announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitization facility. The equity funding will reinforce Qupital’s ambitions to scale its cross-border e-commerce lending […]
Arabian Post Staff The Abu Dhabi Securities Exchange has introduced a derivatives market as the exchange rolls out initiatives to develop Abu Dhabi’s capital markets and bring its products and services in line with global peers. With the launch of single equity futures, the new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities. Trading in the […]
Arabian Post Staff Dubai Expo 2020 so far looks positive and will undoubtedly boost travel and hospitality within the UAE, thus proving a critical marker for recovery in its travel and tourism sector in terms of visitor numbers, PwC said in its latest Middle East Economy Watch, ‘Recovery accelerates in the GCC, despite inflation concerns’. The report said a combination of factors are contributing to recovery across the […]
The logistics service provider will obtain 100 percent of its electricity worldwide from renewable sources; it will quadruple the amount of green electricity it generates itself using photovoltaic systems. KEMPTEN, GERMANY – Media OutReach – 29 October 2021 – As of January 1, 2022, Dachser will be purchasing only electricity generated from renewable resources. This means that the logistics service provider, which operates 387 of its own locations in […]
CHONGQING, CHINA – Media OutReach – 28 October 2021 – Infor, the industry cloud company, today announced that Huida Sanitary Ware Co., Ltd. (Huida), has rolled out Infor LN, an ERP solution purpose-built for manufacturers, allowing enterprise users to gain the visibility they need to quickly respond to customer, supplier, and regulatory needs—with zero software customization. The move has enabled comprehensive standardization of business processes for Huida and its subsidiaries so […]
Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has reported. That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent, and loyalty programs where airline or hotel points can be converted into bitcoin. To do so, the […]
Southeast Asia’s largest omnichannel womenswear brand has its eyes set on evolving into a purpose-driven female ecosystem that supports Asian women around the world at every life stage Fundraising round led by Primavera Capital Group with participation from Adastria and Ondine Capital The funds will be used to bolster efforts in existing omnichannel markets and accelerate high growth international markets including Hong Kong, Japan, Philippines and the […]
