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SINGAPORE – Media OutReach Newswire – 27 January 2025 – Dou Yee Enterprises, a prominent global player in high-tech manufacturing and precision engineering, has entered into a strategic partnership with BIOVIA a leader in scientific software solutions. Through this collaboration, Dou Yee will serve as a reseller of BIOVIA Laboratory Information Management System (LIMS) and Electronic Laboratory Notebook (ELN) software solutions across Southeast Asia. This propelled Dou […]

By Nantoo Banerjee India’s net economic growth minus inflation during the current financial year may be well below the projections made by the government, the Reserve Bank and external agencies such as the International Monetary Fund (IMF), the Asian Development Bank and the World Bank. The net economic growth is calculated after subtracting the current […]
By K Raveendran The Trump administration’s exploration of creating a national Strategic Bitcoin Reserve (SBR) may usher in a new era of global financial strategy, one defined by digital assets rather than traditional monetary instruments. This concept marks a potential seismic shift in how nations perceive and secure wealth, akin to the historical role of […]

Secures 16 Oakwood signings in 2024, reflecting a 30% year-on-year growth Adds four new Oakwood Premier properties in Adelaide, Bali, Shenzhen and Singapore Adds Bali to Oakwood’s growing portfolio of resort destinations, which includes Batam, Chongli and Ha Long SINGAPORE – Media OutReach Newswire – 23 January 2025 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), has accelerated the expansion […]

ATLANTA – Newsaktuell – 23 January 2025 – DYMO®, a leading provider of innovative labeling and printing solutions and part of the Newell Brands portfolio, and GA International (LabTAG), a leader in exceptional laboratory and industrial identification solutions, have announced a strategic partnership that makes high-quality cryogenic LabelWriter® labels available to users of the DYMO LabelWriter® 5 Series printers. DYMO & GA International (LabTAG) “We are excited […]

SINGAPORE – Media OutReach Newswire – 23 January 2025 – American Express and Singapore Airlines KrisFlyer are marking their 25 years of partnership by introducing exclusive limited-time rewards for new and existing American Express® Singapore Airlines KrisFlyer Ascend Credit Card Members, designed to elevate their travel experiences. Celebrating 25 years of Rewarding Journeys with American Express and Singapore Airlines KrisFlyer As part of this milestone, new and […]

SINGAPORE – Media OutReach Newswire – 23 January 2025 – The Singapore Cat Carnival 2025, the first cat-exclusive event at Marina Bay Sands, is set to captivate feline enthusiasts on 22 and 23 February 2025 at Marina Bay Sands Expo & Convention Centre, Level 1, Hall C. Running from 10 AM to 8 PM, the event aims to bring together cat owners, breeders, and enthusiasts to celebrate […]

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SHENZHEN, CHINA – Media OutReach Newswire – 23 January 2025 – China remains crucial in global economic growth, with a steadily expanding Purchasing Managers’ Index (PMI) and confidence in meeting growth targets, solidifying its position as a powerhouse in the global economy. In November 2024, the PMI of China’s manufacturing industry reached 50.3%, an increase for three consecutive months, indicating an accelerating pace in the expansion of […]

By Nitya Chakraborty Just six days have passed since the inauguration of Donald Trump as the second term President of the United States of America and his policy announcements on the first day in office. The impact varies from country to country but nowhere it is more panicky than in the European Union countries, especially […]

Cardholders with locally issued Visa credit cards in Vietnam will soon have access to real-time installment offers at top merchants in South Korea, enhancing repayment convenience while traveling HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – Visa (NYSE: V), a global leader in digital payments, and DealMe, a fintech company, have joined forces to address the increasing demand for cross-border shopping […]

WASHINGTON, DC and ULAANBAATAR, MONGOLIA – Media OutReach Newswire – 24 January 2025 – The U.S. International Development Finance Corporation (DFC) has received approval from its Board of Directors on a $150 million landmark financing to the Mongolian Mortgage Corporation (MIK), advised by Delphos, the global financial advisory firm. This transformative deal will see the DFC acquire $150 million of mortgage-backed securities, managed by MIK, enabling local […]

First-ever corporation to top Corporate Knights Global 100 twice 14th consecutive year in Global 100 index, 7th top 10 ranking Follows strong 2024 performance in other key ESG ratings HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and […]

HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – To honour the spirit of the Lunar New Year, LANDMARK presents Flourishing Blooms, a vibrant celebration of artistry and tradition by internationally acclaimed flower artist Nicolai Bergmann. This marks Bergmann’s first major Hong Kong installation, coinciding with the 25th anniversary of his iconic Flower Box. From 23 January to 8 February, LANDMARK will showcase a […]

Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growth HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s banking sector showed signs of recovery in 2024 after a prolonged period of challenges. This positive trend is expected to continue in 2025, with the pace of US rate cuts expected to be slower than many […]

HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Financial Secretary of the Hong Kong Special Administrative Region (SAR), Paul Chan, wrapped up his participation at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland (January 23) with a flurry of thematic meetings, panel discussions and high-level exchanges with global political, business and financial leaders. As a panelist for a discussion session titled […]

MOSCOW, RUSSIA – Media OutReach Newswire – 24 January 2025 – Wildberries, a leading e-commerce platform in Eurasia, saw a surge in sales turnover for its operations in Central Asia in 2024. With a population of 75 million and rapidly growing online retail penetration, Central Asia is one of the world’s most dynamic markets for e-commerce growth. Wildberries currently operates in three of the region’s five countries. […]

By Ashis Biswas In Bangladesh, a bunch of unelected interim ‘rulers’ led by economist Mohammad Yunus is desperately anxious to cosy up to Pakistan, from which their country had seceded violently only five decades ago. In a strange reversal of their own (instant?) history, Bangladeshis have shown an apparent inability to exist and function as […]

Re-imagining a Classic Tale of the Three Kingdoms in English; Renowned Theatre Director Dr Vicki Ooi’s 101st Production HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Widely celebrated for its literary and artistic value, as well as its timeless virtues, the Chinese literary classic Romance of the Three Kingdoms continues to inspire audiences across generations. The Absolutely Fabulous Theatre Connection (AFTEC), known for […]

SINGAPORE – Media OutReach Newswire – 24 January 2025 – Kaplan (Singapore) officially launched its new Odeon 333 City Campus1 on 17 January 2025, another dynamic hub for delivering Murdoch University and Kaplan programmes and fostering a vibrant environment for student activities. This landmark occasion also celebrates the longstanding partnership between Murdoch University and Kaplan, recently renewed for another 15 years in 2024. From left to right, […]

Reliance Industries, under the leadership of Mukesh Ambani, is set to construct the world’s largest data center in Jamnagar, Gujarat. This ambitious project aims to bolster India’s artificial intelligence (AI) capabilities and digital infrastructure. The data center is projected to have a capacity of three gigawatts, significantly surpassing existing facilities globally. This development aligns with Reliance’s strategic focus on AI and digital services, reflecting a substantial investment […]

Donald Trump has urged Saudi Arabia to make a $1 trillion investment in the United States and to help lower oil prices. Speaking at a rally in Michigan, the former U.S. president emphasized the economic benefits of such a partnership for both countries, asserting that it would create millions of jobs and foster mutual prosperity. The call comes at a time when energy prices and geopolitical concerns […]

DP World has launched a multi-currency stablecoin aimed at transforming cross-border trade payments. This initiative seeks to reduce settlement costs, enhance transparency, and expedite transaction times for international businesses.

The company is collaborating with leading financial institutions and technology providers to address inefficiencies in traditional cross-border payment systems. By leveraging blockchain technology, DP World aims to offer a more efficient and secure alternative to conventional banking methods.

The stablecoin solution is designed to simplify and accelerate cross-border payments, ultimately helping businesses in emerging economies navigate the complexities of global trade and unlock new growth opportunities. This initiative is part of DP World’s broader strategy to offer end-to-end solutions for its customers and facilitate seamless global trade.

Sultan Ahmed bin Sulayem, DP World’s group chairman and CEO, emphasized the significance of this development, stating, “By introducing stablecoin-based payment options, we are not just addressing a critical gap in the trade ecosystem but also reaffirming our commitment to innovation and leadership in global commerce. This initiative aligns with DP World’s broader mission to enhance trade flows and economic development in regions that need it most.”

The new payment system is designed to drastically reduce settlement costs and times for cross-border transactions. For example, a textile manufacturer in Ethiopia that exports raw cotton to an Indian fabric producer currently faces significant delays in receiving payments due to the traditional correspondent banking systems, which require multiple intermediaries. This process often leads to settlement times extending over several days, or even weeks. By adopting stablecoin-based payments, DP World aims to streamline this process, reducing both the time and cost associated with cross-border transactions.

The initiative also seeks to improve financial accessibility for businesses of all sizes. In the Ethiopian example, the textile supplier faces cash flow constraints that limit its ability to scale operations or meet new orders. Similarly, the Indian fabric producer is often unsure whether shipments will be dispatched on time due to payment delays. The stablecoin solution will provide more predictable, real-time transactions that can help both businesses plan and manage their operations more efficiently.

SINGAPORE – Media OutReach Newswire – 24 January 2025 – KPMG in Singapore (KPMG) has launched a strategic guide, Advancing Digital Sustainable Talent for the Future, to support local businesses in developing digital talent while embedding sustainability into their operations. Created with contributions from the Infocomm Media Development Authority of Singapore (IMDA) and the Singapore Computer Society (SCS) Sustainable Tech SIG, the guide is closely aligned with […]

SINGAPORE – Media OutReach Newswire – 24 January 2025 – Aon plc (NYSE: AON), a leading global professional services firm, today announced Puneet Swani has been named head of Talent Solutions for Asia Pacific, effective immediately. Swani will be based in Singapore and report to Tim Dwyer, head of Human Capital for Asia Pacific at Aon. Swani will help drive Aon’s Talent Solutions capability and integrated Human […]

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