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By Dr. Soma Marla Taking clues from finance minister Nirmala Sitharaman’s last year’s budget speech on the government’s intention to privatise a few PSU banks, media reports appeared last week on the government’s intention to introduce a Bill during the coming monsoon session to privatise them and relax the cap on foreign equity holdings I  […]

The post Narendra Modi Govt Is Keen To Revive Pre-Nationalisation Days first appeared on IPA Newspack.

HONG KONG SAR – Media OutReach – 7 July 2022 – One Storage, a subsidiary of the Group listed on The Stock Exchange of Hong Kong since 1997, Soundwill Holdings Limited (stock code: 00878). One Storage has been providing excellent and professional mini-storage service (迷你倉) since 2018, which facilitates clients to fulfill their storage needs for life style and space. Recently, One Storage expanded progressively in which […]

SINGAPORE – Media OutReach – 29 June 2022 – Audience Analytics Limited is pleased to announce that it has entered into an agreement to purchase the IP rights for the prestigious Golden Bull Award. The acquisition complements the Company’s existing award programs IP portfolio that includes the notable HR Asia Best Companies to Work for in Asia and SME100. With experience spanning 15 markets in Asia, Audience […]

Highlights: Revenue increased by 21.8% to approximately HK$1,983.5million. Gross profit increased by 28.4% to approximately HK$667.7 million. Operating profit increased by 39.2% to approximately HK$141.5 million. Profit attributable to owners of the Company increased by 34.8% to approximately HK$109.8 million, if excluding the government subsidies of approximately HK$31.8 million, core net profit increased significantly by 121.0% YOY. As at 31 March 2022, the Group operated a total […]

HONG KONG SAR – Media OutReach – 17 June 2022 – Babel Finance, announced late last month that it had secured $80 million in a fresh investment round, valuing the crypto lender and asset manager at $2 billion. Jeneration Capital, Circle Ventures, and 10T Holdings joined current investors Dragonfly Capital and BAI Capital in the Series B investment round. A number of family offices from the Asia-Pacific […]

VANCOUVER, CANADA – Media OutReach – 17 June 2022 – The world’s first 100% plant-based OmniPork, and the ground-breaking OmniSeafood, will launch at select restaurants in Canada this Canada Day (July 1st). The brand has taken Asia, the U.S. and the United Kingdom by storm due to OmniFoods‘s mission of creating inclusive plant-based products with a focus on good taste. The brand’s hero ground pork product is […]

Partnered with an innovative fintech FGA Trust to create value-added investment for customers HONG KONG SAR – Media OutReach – 9 June 2022 – Kingkey Asset Management (KKAM), a subsidiary of Kingkey Financial International, is a leading asset management company in the Asia-Pacific region, providing diversified asset management services, including: External Asset Management (EAM), Discretionary Investment Management (DPM), the establishment of offshore funds and so as the […]

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KUALA LUMPUR, MALAYSIA – Media OutReach – 9 June 2022 – CIMB Bank Berhad (“CIMB Bank” or “CIMB” ) has been awarded the Best Financial Artificial Intelligence Project in Malaysia at The Asset Triple A Digital Awards 2022 for its successful implementation of an automated artificial intelligence (“AI”) platform developed by DataRobot, a leader in AI Cloud solutions. The AI platform enabled CIMB to develop machine learning […]

HONG KONG SAR – Media OutReach – 6 June 2022 – On 31 May 2022, the Court of Appeal allowed the appeal against the first instance judgement lodged by SUNeVision in a judicial review application, quashing the decision of the Hong Kong Science and Technology Parks Corporation (HKSTP) not to take immediate steps to rectify its failure or refusal to take reasonable steps to enforce restrictions in […]

AIA Shariah Global Diversified Fund also expected to appeal to non-Muslim consumers keen on ethical and socially responsible investments SINGAPORE – Media OutReach – 7 June 2022 – AIA Singapore today launched the AIA Shariah Global Diversified Fund which will be made available to customers through these investment-linked plans (ILPs) – AIA Pro Achiever, AIA Pro Achiever 2.0, AIA Pro Lifetime Protector, AIA Pro Lifetime Protector (II) […]

Support Operators Achieve Carbon Neutrality Targets HONG KONG SAR – Media OutReach – 6 June 2022 – Comba Telecom Systems Holdings Limited (“Comba Telecom” or “the Group”, SEHK stock code: 2342), a global leading wireless solutions provider, today announced the release of 4G/5G (8TR) Green Integrated Base Station Antenna, which expands its tower top portfolio to support operators achieve carbon neutrality targets. In the face of increasingly […]

HONG KONG SAR – Media OutReach – 6 June 2022 – Henderson Sunlight Asset Management Limited (the “Manager“) and Bank of China (Hong Kong) (“BOCHK“) jointly announce that Sunlight Real Estate Investment Trust (“Sunlight REIT“) has secured its second tranche of HK$800 million sustainability-linked loan (“SLL“). Together with the first tranche of HK$500 million, this HK$1.3 billion SLL commitment represents a significant sustainable finance collaboration between Sunlight […]

HONG KONG SAR – Media OutReach – 6 June 2022 – In celebration of World Environment Day, A.S. Watson Group’s flagship health and beauty brand Watsons is extending its regionwide recycling programme to Hong Kong. This rides on the hugely successful launch of recycling programmes in Taiwan, Thailand, and Indonesia. Malina Ngai (right), CEO of A.S. Watson (Asia and Europe) is excited to extend Watsons’ regionwide recycling […]

PETALING JAYA, MALAYSIA – Media OutReach – 30 May 2022 – Envictus International Holdings Limited, an established Food & Beverage group, effective 20 May 2022, has renewed its International Multiple Unit Franchise Agreement with US-based Cajun Global LLC, to continue to develop and operate Texas Chicken restaurants in Malaysia and Brunei. The Envictus group was first awarded the franchise rights for the well-known quick-service restaurant (QSR) chain […]

HONG KONG SAR – Media OutReach – 23 May 2022 – VP Bank Ltd today announces several appointments within its Asia organisation. These appointments further affirm the Bank’s dedication to Strategy 2026, enhancing its competitive edge to seize opportunities in the Asia region. VP Bank Ltd Singapore Branch New appointments 1. Johnny Heng joins as the Head of Singapore Branch, effective 1 June 2022 (subject to regulatory […]

Earn dividend every day[1] ; Enter the market anytime HONG KONG SAR – Media OutReach – 19 May 2022 – Huatai International Financial Holdings Company Ltd. (Huatai International) today announces that Zhangle Global, a wealth management platform built for the global Chinese community, has released Cash Pro service. Designed to automate the process of idle cash management, Cash Pro offers a relatively low-risk and liquid option for […]

Leverages long-standing joint venture partnership with TFE Hotels (Toga Far East Hotels) to bring new brand experiences – Vibe Hotels and Adina – to Singapore SINGAPORE – Media OutReach – 18 May 2022 – Far East Hospitality, one of the leading operators of hotels and serviced residences, today announces its pivot to the Australian market. The homegrown company, committed to transforming from a local mid-tier operator to […]

By Subrata Majumder As the year 2022 rolled in with a focus on new FTP (Foreign Trade Policy) for 5 years, which became overdue, global trade underwent major changes with US-China trade conflict, followed by COVID 19 and Ukraine invasion by Russia. The major deterrents as a fallout are the supply chain constraints and hindrances […]

The post Chinese Yuan Steadily Improving Its Position In Global Market At The Cost Of U.S. Dollar first appeared on IPA Newspack.

By Subrata Majumder China was eager to introduce Yuan as reference currency for Rupee-Rouble rate. According to Global Times, official media of China, “India was reportedly considering Chinese Yuan a reference currency to settle the Rupee-Rouble trade”. Owing to sharp depreciation of Russian Rouble due to Ukraine invasion by Russia, the authorities were grappling for […]

The post Chinese Yuan Gets Prominence In Global Trade In Wake Of War In Ukraine first appeared on IPA Newspack.

Set Up a New Oyster Sauce Smart Production Line in Hong Kong which Will Double Production Capacity HONG KONG, CHINA – Media OutReach – 22 April 2022 – Lee Kum Kee (Hong Kong) Foods Limited announces that it has received the approval of HKD 15 million, which is the maximum level of funding support, under the Re-industrialisation Funding Scheme (RFS) of the Innovation and Technology Commission in […]

SINGAPORE – Media OutReach – 19 April 2022 – Quantum Power Asia (“Quantum Power”), the developer of Indonesia’s first utility-scale solar photovoltaic (PV) plant, and German solar energy turnkey solutions provider, ib vogt, announced today a partnership to build US$5 billion solar generation and storage facility which can export up to 4TWh of renewable energy to Singapore annually. The project covering over more than 4,000 hectares in […]

By Nantoo Banerjee The international financial system governed by western powers no longer offers safety to foreign currency deposits in their chests from other parts of the world.  Even foreign private deposits and investments in assets are being frozen. The latest financial sanction imposed on Russia and its oligarchs freezing their accounts may appear to […]

The post Parking Funds In Foreign Banks, Treasuries Now Look Less Safe first appeared on IPA Newspack.

MOU signing ceremony witnessed by His Excellency Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam HO CHI MINH CITY, VIETNAM – Media OutReach – 14 April 2022 – CMIA Capital Partners has signed a Memorandum of Understanding (MOU) with Ho Chi Minh City on the development of a 1,018 hectare mixed-use township in the Trung An Commune of Cu Chi District, Ho Chi Minh City. […]

Swiss-Hong Kong watchmaker Solvil et Titus and classic anime and manga series “Dragon Ball Z” have announced a new collaboration consisting of 7 Dragon Ball Z-themed timepieces. City Chain is bringing these exclusive timepieces to Singapore while stocks last, with the collection launching on 7 April 2022. SINGAPORE – Media OutReach – 5 April 2022 – Limited edition watch collectors and Dragon Ball Z fans alike can […]

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