News related to
financial

Masan High-Tech Materials to forge a strategic alliance with Mitsubishi Materials: MMC to invest US$90 million for a 10% stake in MHT

HO CHI MINH CITY, VIET NAM –  Media OutReach – 26 October 2020 –  Masan High-Tech Materials Corporation (“MHT” or the “Company”) signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation (“MMC”) with the objective of developing a leading, high-tech tungsten materials platform. Modern plant line of Masan High-Tech Materials in Vietnam As part of the strategic alliance, MMC will buy 109,915,542 newly […]

Huubap Helps SMEs Go Digital With IMDA-Approved Workforce Management Software, King of Time

Leading Japanese cloud system provides up to 70% funding support for companies to optimise workflow Added benefits of managing staggered shifts and employee movement tracking SINGAPORE – Media OutReach – 26 October 2020 – Small and medium-sized enterprises (SMEs) can now defray the costs of implementing a reliable workforce management system with the adoption of King of Time by Huubap. Under approval from Infocomm Media Development Authority (IMDA), Japan’s number […]

IMF praises GCC countries for pandemic response

Arabian Post Staff IMF Managing Director Kristalina Georgieva has praised GCC countries for what the have done on the digital front. Speaking at the Meeting of the Ministers of Finance and Central Bank Governors of GCC, she said full standalone 5G wireless in the region will enable remote work, education, telemedicine, and e-government. “You can pursue with even more imagination the application of technologies to be even […]

AXA supports Hong Kong Cancer Fund Dress Pink Day as Principal Sponsor

Over 1,000 staff dressed in pink to raise breast cancer awareness and fundraise for free cancer care service   HONG KONG, CHINA – Media OutReach – 23 October 2020 – October is Breast Cancer Awareness Month. AXA Hong Kong is proud to be the Principal Sponsor of this year’s Hong Kong Cancer Fund (‘Cancer Fund’) Dress Pink Day, the city’s largest and most comprehensive breast cancer awareness and fundraising campaign.  Over […]

EML Payments (EML): Storing up value

LONDON, UK – EQS Newswire – 23 October 2020 – EML Payments is a specialist payment solutions provider with a focus on the prepaid market. The group’s strategy is to use acquisitions supported by organic development to establish strong positions across a diverse range of use cases and markets. EML now operates in 28 countries and has grown revenues at a five-year CAGR of 53%. While COVID-19 has […]

Lianhe upgrades CIFI’s global scale long-term issuer credit rating to ‘BBB-‘ Issuer rating outlook stable

High-quality land bank and strong execution, stable profitability and financial leverage   HONG KONG, CHINA – Media OutReach – 22 October 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 Lianhe Ratings Global Limited (“Lianhe”), an international credit rating company, has upgraded CIFI’s global scale […]

MSIG RM20k Donation To MoH For PPE For Sabah Front Liners

KUALA LUMPUR – Media OutReach – 21 October 2020 – MSIG Insurance (Malaysia) Bhd “(MSIG Malaysia)”, is channelling RM20,000 to assist the Ministry of Health (MoH) renew its stocks of medical supplies and Personal Protective Equipment (PPE) for healthcare front liners in the hard-hit state of Sabah. Mr Chua Seck Guan, Chief Executive Officer, of MSIG Malaysia, said, “Sabah has been at the forefront of the latest […]

‘AXA Light Up Your Mind Programme’ New online learning platform to support mental wellness of primary students

HONG KONG, CHINA – Media OutReach – 21 October 2020 – AXA Hong Kong and St. James’ Settlement joined hands to launch the ‘AXA Light Up Your Mind Programme’ in 2018 to enhance the mental wellness of underprivileged primary students (P.4 – P.6). The programme has enabled students to learn about mental wellness, emotions and diet, and smart wealth management through interactive games to achieve a healthy and balanced […]

CORRECTING and REPLACING: Singapore FinTech Company, STACS, Co-Develops Blockchain Platform with EFG Bank

Project awarded the Financial Sector Technology & Innovation (FSTI) Proof of Concept Grant by MAS   CORRECTION by Hashstacs – The 6th paragraph in the previous version has been deleted – The sub headline and the designation of the EFG Bank have been changed   The corrected release reads:   SINGAPORE / HONG KONG, CHINA – Media OutReach – 19 October 2020 – Hashstacs Pte Ltd (also known as […]

AXA Hong Kong Corporate Responsibility Week 2020 Mobilised 300 volunteers to promote mental health

Instilled positivity among 800 beneficiaries and fundraised for Mental Health Foundation   HONG KONG, CHINA – Media OutReach – 19 October 2020 – AXA Hong Kong is committed to enhancing the holistic wellness of Hong Kong people. This year, AXA Corporate Responsibility Week (‘CR Week’) mobilised 300 volunteers to promote mental health through a series of remote volunteering activities to support underprivileged families and individuals with mental health challenges and […]

Flexgigzz Ramps Hiring, Opening Over 5,000 New Roles to Boost Its Global Presence in the Gig Economy

SINGAPORE – Media OutReach – 19 October 2020 – Seeing an opportunity in the gig economy, Flexgigzz has recently revealed a bold plan to hire 5,400 employees by the 3rd quarter of 2021, and over 90% of them will be remote workers working from their homes. The new employees will be sourced globally from over 1,800 cities in 150 countries. The aim is to expand its market base to reach out to […]

KWG Living Announces Proposed Listing on the Main Board of the HKSE

Offer Price at Between HK$7.0 to HK$8.13 per Share to Raise Gross Proceeds up to HK$3.117 billion and to Introduce a Number of Solid Cornerstone Investors   HONG KONG, CHINA – Media OutReach – 19 October 2020 – KWG Living Group Holdings Limited (“KWG Living” or the Company”, together with its subsidiaries, the “Group”, HKSE stock code: 3913), a comprehensive property management service provider in China today announces the details […]

VinUniversity Inaugurates Its First Academic Year

HANOI, VIETNAM – Media OutReach – 17 October 2020 – On 17 October, 2020, VinUniversity (Vingroup) – the first private, not-for-profit university of excellence in Vietnam – officially opened its first academic year with seven majors in three fields: Business Administration, Engineering and Computer Science, and Health Sciences.   VinUniversity (VinUni) has celebrated its first convocation ceremony after a rigorous selection process, capping admissions at just 260 students for the first academic […]

Capitalism is in crisis. To save it, we need to rethink economic growth.

Even before the covid-19 pandemic and the resulting collapse of much the world’s economy, a crisis in capitalism was plainly evident. Unfettered free markets had pushed inequality of income and wealth to extremely high levels in the United States. Slow productivity growth in many rich countries had stunted financial opportunities for a generation. Businesses, if…

AXA Insurance Launches #BetterMe by AXA, a Customisable and Holistic Employee Benefits Programme for a Healthier and More Productive Workforce

SINGAPORE – Media OutReach – 15 October 2020 – AXA Insurance has launched #BetterMe by AXA, an employee benefits offering designed to empower employers to meet the diverse needs of their multi-generational workforce, and to cultivate more engaged and productive employees who will drive their organisation forward. #BetterMe by AXA allows companies to provide employees insurance coverage that can be customised according to their individual needs, as well as comprehensive […]

Palestinian Authority’s financial crisis ‘could come to end next month’

GAZA CITY: A union leader has urged striking West Bank teachers to “be patient with the government” amid assurances that the Palestinian Authority’s (PA) ongoing financial crisis could soon be

Singapore FinTech Company, STACS, Co-Develops Blockchain Platform with EFG Bank

Project Funded by MAS under the Financial Sector Technology & Innovation (FSTI) Proof of Concept Grant   SINGAPORE / HONG KONG, CHINA – Media OutReach – 14 October 2020 – Hashstacs Pte Ltd (also known as “STACS”), a Singapore FinTech company focusing on Blockchain technology solutions, announced its partnership with EFG Bank (“EFG“) to co-develop a Blockchain platform that will enhance and simplify the processes of structured products. “Project […]

Achiko Establishes Medtech Expert Advisory Board and Expands Management Team

New international advisory board members: Mr Glenn Cross (Australia), Dr Jittaporn Wattanaseree (Thailand) and Ms Carol Aebi (Switzerland) Management team appointment: Mr Pierre Nathie of Med2Mark as VP, Commercialisation ZURICH, SWITZERLAND – EQS Newswire – 13 October 2020 – Achiko AG (SWX:ACHI, ISIN CH0522213468) is pleased to announce an update to its management and advisory team. As progress continues towards the launch of Achiko’s Covid-19 test kit […]

Workday Named a Leader in Gartner Magic Quadrant for Cloud Financial Planning & Analysis Solutions

Positioned as a Leader for Fourth Year in a Row Based on Completeness of Vision and Ability to Execute   SINGAPORE – Media OutReach – 12 October 2020 – Workday(NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the 2020 Gartner Magic Quadrant for Cloud Financial Planning & Analysis1 for the fourth year in a row.  Today’s business environment requires continuous […]

The Community-based Social Innovation for Youth Program in Hong Kong Prize Presentation Ceremony for the Second “Social Innovation · Community 4.0” Competition

HONG KONG, CHINA – Media OutReach – 9 October 2020 – The Prize Presentation Ceremony of the second “Social Innovation · Community 4.0” Competition, supported by Citi Foundation and organized by the Hong Kong Council of Social Service (HKCSS), was held today. Officiating the ceremony were Mr. Caspar Tsui Ying Wai, JP, Secretary for Home Affairs, HKSAR; Mr. Wayne Fong, Head of Corporate Affairs, Citi Hong Kong; and Mr. Chua Hoi […]

Executive Appointment: Mashreq names new Group Head of Compliance and MLRO

Scott Ramsay appointed as Group Head of Compliance & Bank Money Laundering Reporting Officer (MLRO)   DUBAI, UAE – EQS Newswire – 8 October 2020 – Mashreq, one of the leading financial institutions in the UAE, has appointed Scott Ramsay as its new Group Head of Compliance & Bank Money Laundering Reporting Officer (MLRO). In this role as a part of the senior leadership team, Scott will […]

CUHK Business School Research Finds the Use of Robotics Can Help Draw Customers Back into Restaurants and Hotels

HONG KONG, CHINA – Media OutReach – 8 October 2020 – Just how much of the global service industry will be left standing by the time COVID-19 is brought under control is anybody’s guess. In the U.S., an industry association says restaurants across the country are on track to lose US$240 billion in revenues by the year-end. Most hotels stand empty. But rest assured that all is not lost. A […]

Citi’s Partnership with UNDP Strengthens across Asia

HONG KONG, CHINA – Media OutReach – 6 October 2020 – Citigroup Inc. (NYSE: C) – Citi’s partnership with the United Nations Development Programme (UNDP) in Asia Pacific has strengthened further in 2020. UNDP, which works to eradicate poverty, partnered with Citi to raise important funds over the course of the year in the fight against COVID-19.   Citi’s support is being utilized for the most vulnerable and marginalized communities across the […]

Allianz: How Covid-19 is changing claims trends and risk exposures for companies and their insurers

AGCS report: traditional property and liability claims have been subdued during lockdowns but this was more than outweighed by a surge in Covid-19 related claims notifications, particularly from the entertainment industry. Impact of the pandemic will shape future loss trends for companies in the mid- and long-term with changes to working environments, travelling habits and supply chain networks. Detailed Covid-19-driven loss trend analysis for Property/Business Interruption, Liability, […]