Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]
First of its kind in Hong Kong’s construction industry to drive ESG initiatives HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) and Sanfield (Management) Limited (“Sanfield”) today announced the launch of pioneering Sustainability-linked Supplier Payment Services (“SPS”) for the Hong Kong construction industry. The SPS program marks a significant milestone in extending environmental, social and […]
Explores Local Development Opportunities HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, was invited to join the Hong Kong SAR delegation to visit the Middle East last week. The visit aimed to engage in discussions with local governments and financial institutions, exploring financial cooperation and development between Hong Kong and the Middle […]
HONG KONG SAR – Media OutReach Newswire – 15 May 2024 – With investment fraud on the rise in Hong Kong’s complex financial market, introducing knowledge-based safeguards to protect investors’ rights is now more crucial than ever. VT Markets, a global financial services provider, held a seminar on May 6 in Hong Kong with this in mind. Titled “How to Identify Legitimate Trading Platforms”, the event sought […]
HONG KONG SAR – Media OutReach Newswire – 14 May 2024 – Ms. Cecilia Chang, Chief Executive Officer of Generali Hong Kong, has been selected as one of the outstanding global leaders in the prestigious “Global 100” for 2024, a comprehensive roundup that highlights the best in the industry, by Insurance Business. The ‘Global 100’ list is a hallmark of excellence, featuring individuals who not only excel […]
Hong Kong’s fledgling Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed a significant setback this week, with record net outflows exceeding $39 million on Monday alone. This substantial withdrawal effectively erased any gains accumulated over the past two weeks. The outflows encompassed all six currently available crypto ETFs in Hong Kong, signifying a broad-based investor retreat from the market. The reasons behind this sudden shift in sentiment remain […]
Former finance executive with Alibaba, Amazon, and Credit Suisse named MoneyHero’s permanent CFO SINGAPORE – Media OutReach Newswire – 14 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced the appointment of Hao Qian as the Company’s new permanent Chief Financial Officer (“CFO”), effective immediately. Reporting directly to […]
Supported by Ronald McDonald House Charities Hong Kong and Dignity Kitchen HONG KONG SAR – Media OutReach Newswire – 14 May 2024 – In a groundbreaking initiative today, Coda Bridge introduced Purpose Bound Money (PBM) — the first innovative charity project of its kind in Hong Kong. Pictured above – Mr. James Loh, Chairman of Coda Bridge (right) and Ms. Grace Fung Oei, RMHC Global Board of […]
HONG KONG SAR – Media OutReach Newswire – 14 May 2024 – Rescence Laboratory, a leading longevity supplement provider in Hong Kong, is delighted to announce the launch of Rescence EYE Optima, a revolutionary eye supplement designed to strengthen the eyes and combat age-related eye diseases, including presbyopia. This groundbreaking supplement combines extensively researched AREDS2 formula from the West with the latest clinical findings on the reversal […]
Former Google, PayPal, and Visa executive, Liru Chan, appointed Group Head of Marketing Former ShopBack, Honestbee, and Schneider Electric executive, Francois Picard, appointed Group Head of Operations SINGAPORE – Media OutReach Newswire – 13 May 2024 – MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market-leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced two key additions to its […]
HANOI, VIETNAM – Media OutReach Newswire – 8 May 2024 – For the first time in Vietnam, the international exhibition specializing in stationery will be held under the name International Exhibition for Smart Office Solutions, Office Equipment and Stationery (VietOffice 2024). This is an event organised by VINEXAD – Vietnam’s leading exhibition organizer in collaboration with Vietnam Office Machinery Association (VOMA), from May 22nd to May 24th, […]
BEIJING, CHINA – Media OutReach Newswire – 8 May 2024 – The number of Mainland Chinese small businesses that expect to grow and hire new employees this year is on the rise, reflecting an improving business environment, according to a new survey by one of the world’s largest professional accounting organisations, CPA Australia. CPA Australia Asia-Pacific Small Business Survey 2023-24 – Mainland China results CPA Australia’s annual […]
MoneyHero study casts a spotlight on personal loan trends in Hong Kong, analysing organic traffic data and applications through the MoneyHero platform that manages approximately 1.4 million monthly unique users. Year-over-year data also revealed an increase in user interest in loans from licensed money lenders, with the proportion of applications for money lender loans versus bank loans growing from 51% in 2022 to 62% in 2023, while […]
HONG KONG SAR – Media OutReach Newswire – 10 May 2024 – DFI Retail Group (DFI) and The School of Professional Education and Executive Development of the Hong Kong Polytechnic University (PolyU SPEED), the unit under the College of Professional and Continuing Education of the Hong Kong Polytechnic University (CPCE) have officially entered into a Memorandum of Understanding (MoU) on 9 May 2024. This MoU paves the […]
Exclusive offers for Melco Style members to enjoy 20% off advance ticketing and 25% discount on Combo for 4 only from May 14 – May 20 MACAU SAR – Media OutReach Newswire – 10 May 2024 – Since inception last year, Melco Residency Concert Series presented by Melco Style has quickly become one of the Asia’s most sought-after flagship entertainment centerpiece and has attracted over tens of […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Colt Technology Services, the digital infrastructure company, has been named “Best Information Vendor (Platinum)” by China Investment Information Services (CIIS) Limited, at CIIS’s Sixth Global Information Vendor Conference held in Hong Kong on 22 March 2024. Wesley Elder, Product Director, Global Capital Markets, Colt Technology Services (second to right), receiving the Best Information Vendor Award […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Today, IX Asia Indexes (“IXAI”) announced the launch of ixCrypto BTC/ETH 50/50 Index (“ixCrypto 50/50”) and ixCrypto BTC/ETH Proportional Index (“ixCrypto Proportional”). The two indexes are designed for cryptocurrencies beginners for their first knowledge and first investment in cryptocurrencies. The ixCrypto 50/50 and ixCrypto Proportional are developed on Bitcoin (BTC) and Ethereum (ETH) only and […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Generali Hong Kong teamed up with Kowloon Tong School (Secondary Section), a Project WeCan network school, to bring 60 student volunteers together for a meaningful afternoon of service and learning. These dedicated individuals served over 50 beneficiary families at OneSky, an NGO partner of Generali and The Human Safety Net Hong Kong. The initiative is […]
To help Hong Kong move towards a Smart City HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – eft Payments (Asia) Limited (“eftPay”), one of the leading e-Payment services providers in Hong Kong, participates in Retail Asia Expo 2024, a grand retail industry event in APAC region. Kicking off on May 8, the Expo takes place at the Hong Kong Convention and Exhibition Center […]
Hong Kong is solidifying its partnership with the United Arab Emirates (UAE) to ease access for Chinese companies into the lucrative markets of the Gulf Cooperation Council (GCC). This strategic alliance leverages Hong Kong’s well-established business infrastructure and the UAE’s position as a prominent trade hub in the Middle East. The GCC, a six-nation economic and political bloc encompassing Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, […]
Eva Chen, CEO: “The promise of the AI era is only powerful if protected” HONG KONG SAR – Media OutReach Newswire – 8 May 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today launched significant additional AI-powered functionality in its platform to secure organizational use of AI and better manage the risks associated with mass adoption of new AI tools. Co-founder and […]
A curious possibility has emerged in the cryptocurrency world. Despite China’s well-documented crackdown on cryptocurrencies, speculation is brewing that mainland investors might soon be able to access Hong Kong’s newly launched Bitcoin ETFs through the Stock Connect program. This potential shift comes on the heels of Hong Kong approving the first-ever spot Bitcoin and Ether ETFs in April. These ETFs, which track the price of the underlying […]
NETGEAR Orbi 970 Series boasts elegant, new design, high-performance antennas and groundbreaking Enhanced Dedicated Backhaul HONG KONG SAR – Media OutReach Newswire – 7 May 2024 – NETGEAR®, Inc. (NASDAQ: NTGR), the leading provider of award-winning connected products designed to simplify and improve people’s lives, today took its award-winning Orbi line to new heights with a powerful new antenna design and exclusive, patented technology that enhance the […]
Global digital asset funds witnessed a net outflow of $251 million this week, according to data compiled by CoinShares. This stands in stark contrast to the substantial inflows observed in Hong Kong’s new exchange-traded funds (ETFs) that track prominent digital assets such as Bitcoin and Ether. The outflows signal a cautious approach among some investors in the digital asset market, while the inflows into Hong Kong’s ETFs […]
