By Matein Khalid Speculative manias in the financial markets invariably culminate in hysteria and greed run amok. So the 25% fall in the $2.5 billion Paytm IPO, India’s celebrated fintech could well be a cycle peak for the current zeitgeist, just as the busted IPO of Reliance Power was in the Dalal Street asset bubble of 2007-08. Mr. Marketji is obviously unimpressed by Paytm’s brand name investors […]
First day of trading will be on 29 November 2021 ZUG, SWITZERLAND – EQS Newswire – 27 November 2021 – The Vienna Stock Exchange (Wiener Börse) today approved the application of SunMirror AG (“SunMirror”; Vienna Stock Exchange: ROR1; Düsseldorf Stock Exchange: ROR; ISIN CH0396131929) for admission of its shares to trading on the Official Market (Amtlicher Handel), segment Standard Market Continuous, a Regulated Market under the EU MiFID II […]
HONG KONG SAR – Media OutReach – 26 November 2021 – Business of Design Week (BODW) 2021, Asia’s premier annual event on design, innovation and brands since 2002 organised by Hong Kong Design Centre (HKDC), presents an exciting line-up of key panel sessions drawing on the theme ‘Global Design Reset’, signifying the need for fresh thinking, decisive leadership and collaborative creativity across disciplines as we continue to navigate in a […]
By Matein Khalid Brent crude is now down 11% to 73 and West Texas Intermediate (WTI) is now down a shocking 13% at 68. President Biden may wish to remember the old Persian proverb “do not wish for anything too badly. You may just get it”. Biden had green lighted a release from the American Strategic Petroleum Reserve (SPR) last week but oil traders actually bid up […]
By James M Dorsey It has been a good week for United Arab Emirates Crown Prince Mohammed bin Zayed. Headline-grabbing, fast-paced moves reinforce the UAE’s position as a regional power. They highlight the UAE’s willingness to chart a course that increasingly competes with Saudi Arabia, the Gulf’s regional behemoth; is at times at odds with US policy; and scoffs at assertions of human rights abuse by activists […]
KEY HIGHLIGHTS 9M2021 vs 9M2020 Net Profit at RM86.5 million, up by 37.4% Net Income at RM586.3 million, up by 1.4% Operating Expense at RM490.7 million, down by 1.7% Return on Equity at 11.3%, up from 9% Earnings Per Share at 11.86 sen, up by 32.1% Net Equity Trading Investment Income at RM56.0 million, up by 40.2% Market Share of Retail Stockbroking at 23.5%, up from 21.9% […]
SINGAPORE – Media OutReach – 25 November 2021 – Apical Group, one of the largest palm oil processors and exporters in Indonesia and a member of the Singapore-headquartered RGE group of resources-based companies, has been rated the second most transparent palm oil company globally in the SPOTT (Sustainable Palm Oil Transparency Toolkit) Assessment 2021. Apical improved from a score of 82.5% in 2020 to 89.4% this year, moving up […]
Arabian Post Staff A new and unchartered type of price war is brewing in the oil market. The world’s biggest consumers of oil have pledged an unprecedented and relatively sizeable release of strategic reserves onto the market to quell high oil prices amid pandemic recovery. The orchestrated release of what is estimated as 71.5 million barrels from the US, China, India, Japan, South Korea, and the UK […]
Life insurer acquires stake in Merchantrade Asia Sdn Bhd, fortifies collaboration PETALING JAYA, MALAYSIA – Media OutReach – 22 November 2021 – MCIS Insurance Berhad (MCIS Life) has taken up a 4.99% stake in Merchantrade Asia Sdn Bhd, the leading e-money player and the country’s largest Money Services Business operator, through the acquisition of new ordinary shares of an undisclosed amount. The two companies kicked-off a marketing distribution arrangement in 2019 where […]
HONG KONG SAR – Media OutReach – 19 November 2021 – Reckitt and its brand Dettol Hong Kong are joining the inaugural Asia Summit on Global Health as the Official Hygiene Partner to keep protecting the health of the VIPs and visitors for guarding every important moment under the New Normal. The connection between the planetary health and human health is increasingly clear. The Impacts of Climate Change on Health, the […]
Featuring Nearly 50 Korean Brands Offering Haircare and Healthcare Products for the First Time HONG KONG SAR – Media OutReach – 19 November 2021 – Sa Sa International Holdings Limited (“Sa Sa” or the “Group”, stock code: 0178) collaborates with the Korea Trade-Investment Promotion Agency (“KOTRA”) for the sixth consecutive year to bring to Hong Kong the Korean Beauty and Skincare Parade, which will be held from today to […]
PHNOM PENH, CAMBODIA – Media OutReach – 17 November 2021 – Prince Holding Group (“Prince Group“), one of Cambodia’s largest and fastest growing conglomerates, has been recognized as the Gold Winner of “Best Country Awards for Overall CSR Excellence, Best in Cambodia” at The Global CSR Awards 2021, now in its 13th year. Prince Group was selected among some of the best companies from Asia, United Arab Emirates and Europe. […]
Arabian Post Staff Pandora Papers have made fresh disclosures about a trove of secret records obtained by the International Consortium of Investigative Journalists, revealing that the UAE is home to a raft of shady players in the offshore world. Among them: A Belgian tycoon accused of profiting from the smuggling of “conflict gold” ripped from violence-torn regions of the Democratic Republic of Congo. An internet mogul from […]
BUENOS AIRES, ARGENTINA – Media OutReach – 17 November 2021 – Bybit, one of the fastest growing cryptocurrency exchanges with operations around the world, is the new global main sponsor of the Argentina national football teams, including the men’s international football side captained by Lionel Messi. Through this two-years agreement, Bybit’s brand will have maximum visibility in all Argentine Football Associations (AFA) assets, and its logo will be present in […]
SINGAPORE – Media OutReach – 17 November 2021 – Renowned and home-grown local brand, Affinité – concept by Jack Cars, announces the arrival of the all-new 2021 Ford Mustang Mach-E SUV. Breaking new ground, the debut of the purpose-built all-electric powertrain combining a sporty outlook and zero-emission driving promises an exciting new option for car owners in Singapore who are looking to switch from internal combustion engine to electric vehicles. […]
Launching the Second Nestlé for Healthier Kids Programme, Nestlé Fosters Healthy Growth for Children in Hong Kong by Sports and Healthy Eating HONG KONG SAR – Media OutReach – 16 November 2021 – As the world’s leading Nutrition, Health and Wellness company, Nestlé is committed to helping 50 million children lead healthier lives by 2030. Nestlé Hong Kong launched the first Nestlé for Healthier Kids Programme (“Programme”) […]
NetApp extends its collaboration to accelerate Ducati Corse’s digital transformation and deliver fast, reliable access to real-time data from anywhere in the world SINGAPORE – Media OutReach – 16 November 2021 – NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, announced the extension of its partnership with the Ducati Corse motorcycle racing team at the completion of the 2021 MotoGP World Championship race in Valencia, Spain. For the next […]
Arabian Post Staff Emaar Properties announced it has achieved an impressive growth in property sales which increased by over 236 per cent to AED 26.146 billion (US$ 7.118 billion) compared to the same period in 2020. Led by its UAE development business and complemented by its international operations, the achieved results underscore investors’ continued confidence in the Emaar brand and its exponential success. Backed by robust property […]
SINGAPORE – Media OutReach – 15 November 2021 – On November 15, the 2021 Milken Institute Asia Summit kicked off at Marina Bay Sands in Singapore. TRON founder Justin Sun has been invited to attend this event and will join in the discussion of “Crypto’s Continuing Chronicles”, one of the summit’s major sessions. The Milken Institute Asia Summit, hosted by the U.S.-based non-profit think tank Milken Institute, is now in its […]
Highlights of FY21/22 Half-Year Results Group sales US$1,674 million – up 26% compared to first half of the prior year. Excluding the effects of foreign currency movements and an acquisition, sales increased by 21% Gross profit US$357 million or 21.3% of sales (compared to US$300 million or 22.5% of sales in first half of the prior year) Adjusted EBITA US$138 million (compared to US$135 million in first […]
The inaugural FUJIFILM Inno-Vision Forum showcased a diverse line-up of highly prolific industry leaders who shared best practices and success stories of business automation in the new Digital First World. SINGAPORE – Media OutReach – 11 November 2021 – FUJIFILM Business Innovation Singapore, world’s leading provider of document services and printing technologies using pioneering smart devices, today concluded its all-new annual flagship event, FUJIFILM Inno-Vision Forum 2021. As global economies […]
SINGAPORE – Media OutReach – 11 November 2021 – Consumers Association of Singapore (CASE) President Melvin Yong paid Eight Design a visit in their West Tradehub Showroom. Eight Design was mentioned specifically by Yong in a post he made on Facebook, reiterating the value and significance of local renovation contractors being able to secure a CaseTrust accreditation, a step that is beneficial to both the client and the […]
Erdogan Becoming a Liability for Turkey By Manish Rai Last month Turkey made it into the grey list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog headquartered in Paris. Turkey now joins its close ally Pakistan in FATF’s crosshairs. Surprisingly Turkey becomes the largest economy to be included in this list. The FATF listing for Ankara comes on the back of […]
New K-Mile Asia flight will add over 200 tons of capacity weekly between Hong Kong and Bangkok Air Hong Kong will offer over 1,200 tons of weekly total gross payload for both flights: Hong Kong-Beijing and Hong Kong-Cebu-Manila AeroLogic will add 610 tons of capacity with its six-times-a-week service from Hong Kong to Cincinnati SINGAPORE – Media OutReach – 10 November 2021 – DHL Express, the world’s leading international […]
