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CPA Australia: Hong Kong Small Businesses on the Brink as Confidence Slumps to Record Low

Hong Kong small businesses register lowest confidence on record in CPA Australia survey. Seeking government support most common action in response to COVID-19. Only 8.5 per cent of Hong Kong small businesses will innovate in 2021. HONG KONG SAR – Media OutReach – 22 March 2021 – Amid the prolonged impact of COVID-19 and a record economic contraction in 2020, Hong Kong small business confidence slumped to […]

Zhejiang New Century Hotel Dispatches Privatization Composite Document

Independent Financial Advisor and Independent Board Committee Recommend Shareholders to Accept the Offer   HONG KONG SAR – Media OutReach – 19 March 2021 – Zhejiang New Century Hotel Management Co., Ltd. (the “Company”, HKEx stock code: 1158) received a voluntary conditional offer made by Kunpeng Asia Limited (“the Offeror”) to acquire all the issued H Shares and Domestic Shares of the Company (except for the shares […]

Dubai ruler forms tribunal to resolve rows over inherited property

The ruler of Dubai has formed a tribunal to resolve disputes between heirs involved in the sale of inherited properties. It will draw on the expertise of lawyers as well as financial and property

Chairman Chen Zhi Donates US$3M to Fight Covid-19, Leading the Way for Anti-Pandemic Initiatives Across Prince Group in Cambodia

Prince Real Estate provides daily essentials to 804 underprivileged families of Chamkarmon District affected by February 20 community outbreak   Phnom Penh, Cambodia – Media OutReach – 18 March 2021 – Prince Holding Group (“Prince Group”), one of Cambodia’s largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have answered the call for assistance from the Cambodian Government to combat the February 20, 2021 Covid-19 […]

China Lilang Announces 2020 Annual Results

Revenue at RMB2,681 Million Net Profit at RMB557 Million Total Dividend for the Year at HK44 Cents Per Share   HONG KONG SAR – Media OutReach – 18 March 2021 – China Lilang Limited (“China Lilang” or the “Company”, together with its subsidiaries, known as the “Group”; stock code: 1234) today announced its 2020 annual results. Results highlights Revenue at RMB2,681 million Net profit amounted to RMB557 […]

MODIFI Announces New 60m USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111m USD to Fuel Global Expansion

MODIFI will use the funds to expand into the US. MODIFI’s digital trade finance platform provides SMEs with buyer and seller financing in a matter of days. MODIFI tripled its business in 2020 and launched in four new markets during the pandemic – China, Hong Kong, UAE and Spain. The trend has continued in 2021 with the launch in the Netherlands. AMSTERDAM, THE NETHERLANDS – Media OutReach […]

The highest and most valuable MENA currencies in 2021

While it may not be the most widely discussed economic area, the Middle East and North Africa (MENA) region is one of the largest in the world. For example, MENA covers a surface of over 15 million square kilometres, while it’s also home to an estimated 6% of the world’s total population. This puts it roughly on a par with the European Union (EU), which is celebrated […]

Innovative Payment Platform Atome enriching Merchant Network

Partnering over 20 merchants including Bonjour, YOGO, Panashop to offer a 6-week Spring Fair Promotion   HONG KONG SAR – Media OutReach – 16 March 2021 – Atome, Hong Kong’s innovative Buy-Now-Pay-Later platform is providing a more flexible payment solution to local customers, addressing new lifestyle needs under the New Normal. Atome has been working with different online and offline merchants, together with the deployment of AI […]

Callsign names Singapore as APAC Headquarters

Namrata Jolly joins Callsign to lead Asia Pacific expansion   SINGAPORE – Media OutReach – 16 March 2021 – Callsign, the global digital identity pioneer has named Singapore as the company headquarters for the Asia Pacific region. The headquarters will expand throughout 2021 establishing both business development and customer support teams to better serve customers in regions with local talent and skills. Callsign has appointed Namrata Jolly […]

OneStop Expands Their Slew Of Corporate Services In Singapore

SINGAPORE – Media OutReach – 16 March 2021 – OneStop Professional Services Pte Ltd is set to scale their business and expand their array of professional corporate services, ranging from audit, accounting, tax to company secretary services. This allows them to accommodate the growing demand of corporate needs in Singapore. The company was set up by chairperson John Ngan, who has 20 years of experience in the […]

Shuaa leads $50m sukuk for Pure Harvest

Arabian Post Staff SHUAA Capital has led a USD 50 million structured Sukuk for Pure Harvest Smart Farms, the world-leading, sustainable technology-enabled agribusiness based in the UAE. SHUAA also co-invested in Pure Harvest through its managed funds as part of this funding round. SHUAA originated, structured and placed the innovative financing solution, which comprises a USD 50 million 3-year sukuk with embedded warrants. Simultaneously, Pure Harvest has […]

Asia Pacific Energy leaders identify seven key trends for a sustainable energy future

Seven key actions enable a sustainable energy future Carbon-neutrality is paramount for the long-term economic prosperity of the region Event partners included German Chambers of Commerce Abroad, Asia-Pacific Hydrogen Association, Global Manufacturing and Industrialization Summit, Masdar, and Siemens Gamesa More than 2,500 participants joined in the virtual discussions over two days. SINGAPORE – Media OutReach – 12 March 2021 – Regional and global business leaders, policy makers […]

Refinitiv Announces Winners of 2021 Thailand FX Awards

BANGKOK, THAILAND – Media OutReach – 12 March 2021 – Refinitiv, a business under the London Stock Exchange Group (LSEG), has announced the winners of its FX Trading Awards 2021 for Thailand. The FX Awards aim to promote transparency and liquidity in the Thai foreign exchange market and to recognize its importance to the broader Thailand economy. The award winners were determined based on trading activity on […]

Wealth Effect Sends S&Ps Surging 66% y-o-y in January and February, and expected to jump to 74% y-o-y in Q1

Home Prices Expected to Rise by 5% in Q2   Residential market remained most active with total transactions rising by 69% y-o-y for January and February combined, and expected to jump by 73% y-o-y in Q1 Investment into non-residential properties continues pickup commencing in Q4 2020, with retail and industrial properties remaining most favoured HONG KONG SAR – Media OutReach – 11 March 2021 – Strengthened market […]

VinUniversity opens special admission round to attract international students and internationally-recognised talents

With the aspiration to create a world-class university and be among the top 50 young universities in the next 30 years, VinUniversity has announced its goal to attract excellent students from all countries to Viet Nam. This is a breakthrough in the quality of education and marks its initial effort to compete with international universities. HANOI, VIETNAM – Media OutReach – 11 March 2021 – On March […]

Shuaa declares first post-merger dividend

Arabian Post Staff SHUAA and its subsidiaries achieved an FY 2020 net profit attributable to shareholders of AED 125 million, up 168% year on year, with continued strong EBITDA generation of AED 349 million, up 89% year on year. Despite significant valuation adjustments across the Group’s listed and unlisted assets and portfolios, the results benefited from three consecutive quarters of profit. Assets under management increased to a […]

CDP Launches World’s First Disclosure Framework for Banks Integrating Climate and Forest Impact

CDP invited the most significant lenders in the forest risk commodities (FRC) sectors to participate in the Financial Services Climate Change and Forests Pilot, resulting in a sample of 10 banks disclosing (7 Southeast Asian and 3 global) Participating banks have the sway to drive real change in the economy; holding loans of more than US$2.5 trillion and accounting for over 19% of all lending to FRC […]

Betterment moves beyond robo-advising with human financial planners

Gartner sees AI playing big role in investment decisions

Arabian Post Staff By 2025, more than 75% of venture capital (VC) and early-stage investor executive reviews will be informed using artificial intelligence (AI) and data analytics, according to Gartner. “Successful investors are purported to have a good “gut feel” — the ability to make sound financial decisions from mostly qualitative information alongside the quantitative data provided by the technology company,” said Patrick Stakenas, senior research director at Gartner. “However, this […]

BidFX Launches Multifaceted Data and Analytics Suite for FX Trading

HONG KONG SAR – Media OutReach – 9 March 2021 – BidFX, a leading cloud-based provider of electronic FX trading solutions for institutions and a wholly-owned subsidiary of SGX Group, today announced the launch of BidFX Data and Analytics. This new offering is the latest addition to BidFX’s powerful suite of offerings for financial institutions, which includes an EMS platform, risk and compliance modules and transaction cost […]

Friendship with Israel seen unleashing innovative talent

Arabian Post Staff Recent peace agreements signed in the Middle East – most importantly, the Abraham Accords, have paved the way to transform the region into an innovative knowledge-based economy with enormous growth opportunities, a session of the World Government Summit Dialogues was told. In the session moderated by Becky Anderson, CNN’s Managing Editor in Abu Dhabi, Nechemia Peres, Chairman of the Peres Center for Peace, and […]

Chubb Names Peter Kelaher Country President for Australia and New Zealand

SINGAPORE – Media OutReach – 9 March 2021 – Chubb today announced that it has appointed Peter Kelaher Country President for Australia and New Zealand. In his new role, Mr. Kelaher, who is currently Senior Vice President and Head of Property and Casualty (P&C) for Australia and New Zealand, will have executive operating responsibility for the company’s general insurance business, including commercial P&C, traditional and specialty personal […]

Cloud-based Email Threats Capitalized on Chaos of COVID-19

Trend Micro intercepted a surge in malware, phishing and credential theft   HONG KONG SAR – Media OutReach – 4 March 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), the leader in cloud security, today revealed that it blocked 16.7 million high-risk email threats that slipped past webmail providers’ native filters. This amounts to an increase of nearly a third on 2019 figures. The new statistics […]

TranSwap Officially Launches New Global R&D Centre at The University of Edinburgh

SINGAPORE – Media OutReach – 2 March 2021 – TranSwap, a fintech company which empowers global business growth by simplifying global payments and collections, has officially launched a new global Research and Development (R&D) centre at the University of Edinburgh. Located at Bayes Centre, the R&D centre aims to drive technology and market-led innovation in cross-border financial solutions, enabling TranSwap to strengthen its capabilities in fintech and […]