Google’s ability to safeguard its platform from crypto scams utilizing deepfakes is under scrutiny following a recent incident. The controversy centers around a fabricated video featuring Elon Musk, the CEO of Tesla and a prominent figure in the cryptocurrency world. The deepfake, which appeared on YouTube Live, showed a manipulated Musk endorsing a giveaway where viewers could supposedly multiply their Bitcoin holdings. The scam amassed hundreds of […]
HONG KONG SAR – Media OutReach Newswire – 3 June 2024 – Black Spade Capital Limited (“Black Spade”), the family office of Mr. Lawrence Ho, hosted a successful business reception with UBS in Hanoi on 31 May 2024 to engage directly with the local business community. Third from the right, Mr. Dennis Tam, President and CEO of Black Spade and Mr. John Lee, UBS Global Banking Vice […]
The highest tier of its kind designed exclusively for high-net-worth customers HONG KONG SAR – Media OutReach Newswire – 3 June 2024 – Citi introduces the exclusive Citigold Private Client World Elite Debit Mastercard, the first-in-Hong Kong and highest tier of its kind offered in the market. This card was developed in response to Citi’s commitment to cater to the needs of Citigold Private Client customers with […]
A New Destination for Aficionados of Fine Cuisine and Ultra-Luxury Living BANGKOK THAILAND – Media OutReach Newswire – 30 May 2024 – Rabbit Holdings Public Company Limited (“Rabbit Holdings”), under BTS Group Holdings Public Company Limited, (“BTS Group”) has introduced its world-class residential project managed by Ananda Development Public Company Limited (“Ananda Development”) at an exclusive concept launch event. The project features an ultra-luxury residential condominium, The […]
Over 100 guests from some 60 corporations and schools attended the Award Launch Ceremony to support young women in realising their full potential HONG KONG SAR – Media OutReach Newswire – 30 May 2024 – The FutureGen Girls Foundation, in collaboration with over 50 supporting organizations, launched the “FutureGen Young Women Leaders Award” (the “Award”) held on May 28, 2024 – to recognize teen girls striving to […]
The new Tiq CashSaver endowment plan offers comprehensive protection and flexibility, with a low minimum monthly savings amount to encourage the good habit of regular saving. SINGAPORE – Media OutReach Newswire – 30 May 2024 – Etiqa Insurance Singapore, a leading life and general insurer announced the launch of Tiq CashSaver, a new capital-guaranteed endowment plan tailored to address the evolving financial needs and challenges faced by […]
Three Eight Six Holdings Ltd. , a leading renewable energy developer in the Middle East and North Africa (MENA) region, has joined forces with B. Grimm Power PCL, a prominent Thailand-based electricity producer, in a strategic alliance designed to revolutionize the renewable energy landscape across the Gulf Cooperation Council (GCC) countries. This collaboration brings together Three Eight Six Holdings’ extensive expertise in developing and financing renewable energy […]
Re-engineering towards a Resilient, Adaptive and Sustainable Supply Chain SINGAPORE – Media OutReach Newswire – 28 May 2024 – The Asia-Pacific region stands as the cornerstone of global textile and garment manufacturing. As the industry navigates the rapidly evolving landscape, the inaugural Asia-Pacific Textile and Apparel Supply Chain Expo & Summit (APTEXPO 2024) is poised to be a catalyst to help the stakeholders thrive and overcome the […]
Japanese financial services giant Nomura Holdings and its digital asset subsidiary, Laser Digital, are joining forces with GMO Internet Group to delve into the issuance of stablecoins pegged to both the Japanese yen (JPY) and the United States dollar (USD) within Japan. This collaborative effort signifies a growing interest in stablecoin technology from established financial institutions in the Asian nation. The announcement, made on May 27, 2024, […]
Hong Kong’s burgeoning cryptocurrency industry faces a setback as major exchange OKX announced its withdrawal from the market. The decision, effective May 31, 2024, comes after OKX opted to forgo its application for a Virtual Asset Service Provider (VASP) license – a key regulatory requirement for operating in the region. OKX’s announcement underscores the evolving regulatory landscape for cryptocurrency exchanges in Hong Kong. In 2023, the city […]
The US Securities and Exchange Commission’s (SEC) recent approval of spot Ether ETFs marks a watershed moment for cryptocurrency’s journey into the mainstream. This decision not only opens up new avenues for investors to access Ethereum, the world’s second-largest digital asset, but also sets a precedent for the potential inclusion of other cryptocurrencies in traditional investment vehicles. For both institutional and individual investors, spot Ether ETFs offer […]
Bybit, a leading cryptocurrency exchange by trading volume, has achieved a significant milestone, surpassing 30 million registered users globally. This remarkable feat comes amidst a period of exceptional growth for the company, solidifying its position as a frontrunner in the ever-evolving blockchain industry. Bybit’s user base has witnessed a substantial expansion in recent months. Just six months ago, the exchange boasted over 20 million registered users. This […]
PHNOM PENH, CAMBODIA – Media OutReach Newswire – 20 May 2024 – At the Global Climate Action Forum (GCAF), Canopy Sands Development’s Bay of Lights project is highlighted as a leading example of sustainable urban development in Cambodia. The forum, held at Himawari Hotel Apartments and co-organized by the Ministry of Environment (MoE) and W-Foundation, emphasized Cambodia’s commitment to sustainability through public-private partnerships. Bay of Lights project […]
By Nantoo Banerjee Any prediction of the possible outcome of the ongoing Parliamentary election is becoming increasingly tough in the absence of a visible wave in favour of either the rightist Bharatiya Janata Party-led National Democratic Alliance (NDA) or its principal opposition, a 26-party political combine, Indian National Development Inclusive Alliance (INDIA). The latter is […]
The post Large FPI Pullout, Gold Import Surge Portend Political Power Change At The Centre first appeared on Latest India news, analysis and reports on IPA Newspack.
Beleaguered crypto lender Genesis Global has received a court nod to return roughly $3 billion worth of cash and cryptocurrency to its customers. This decision comes as part of a court-approved liquidation plan, marking a significant development in the company’s bankruptcy proceedings. The move stands in contrast to the objections raised by Digital Currency Group (DCG), Genesis’ parent company. DCG argued that Genesis should only distribute the […]
Malaysia’s aviation landscape is set for a potential overhaul as a consortium, including the emirate of Abu Dhabi’s powerful sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), has submitted a bid to take Malaysia Airports Holdings Berhad (MAHB) private. The move, valued at approximately $3. 9 billion, has ignited discussions about the future of the country’s airport network and the potential benefits of a shift from public […]
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) […]
The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the United Arab Emirates, has joined a consortium aiming to privatize Malaysia Airports Holdings Berhad (MAHB). The consortium, known as the Gateway Development Alliance, submitted a pre-conditional voluntary offer to acquire all remaining shares in MAHB for a total of $3.9 billion. This move comes as Malaysia seeks to raise capital and potentially improve the […]
Emirates NBD, a leading bank in the United Arab Emirates, is making a significant stride towards democratizing fixed-income investments. The bank announced it will offer fractional bond investments through its digital wealth platform, the ENBD X app. This move allows individual investors to participate in the bond market with a lower minimum investment compared to traditional whole bond purchases. Previously, the high minimum investment amounts associated with […]
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 […]
El Salvador, the nation that took the world by storm when it adopted Bitcoin as legal tender in 2021, has taken another bold step towards cryptocurrency integration. On May 12th, the National Bitcoin Office (ONBTC) launched a dedicated mempool space, granting the public unprecedented access to the country’s Bitcoin holdings. This move signifies a commitment to transparency in El Salvador’s ongoing Bitcoin experiment. The mempool, a term […]
Burjeel Holdings, a leading healthcare provider in the United Arab Emirates (UAE) and the broader Middle East and North Africa (MENA) region, announced strong financial performance for the full year 2022. The company reported a net profit of AED 355 million, reflecting a significant increase of 52% compared to the previous year. This upsurge highlights the success of Burjeel’s yield enhancement strategy, which focuses on maximizing revenue […]
In a move to facilitate the distribution of crypto assets to eligible clients, bankrupt cryptocurrency lender BlockFi has partnered with major exchange Coinbase. This collaboration aims to ensure a smoother process for users seeking to withdraw their holdings from the defunct platform. The announcement comes after BlockFi filed for bankruptcy in November 2023, citing significant exposure to the crypto market downturn. The filing left many users in […]
SINGAPORE – Media OutReach Newswire – 9 May 2024 – MAL Management is excited to announce the introduction of its new Single Family Office (SFO) and Variable Capital Company (VCC) services. MAL Management’s Single Family Office (SFO) services cater to the unique financial needs of businesses, providing comprehensive wealth management solutions tailored to their specific objectives. From strategic investment planning and asset allocation to tax optimisation and […]
