ACN Newswire

GOME Retail Enters into a Framework Agreement with GOME Management to Provide Management Services

indie
7 minutes

HONG KONG, Oct 11, 2021 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder"). The Group will provide management services to five subsidiaries of GOME Management, namely GOME Eco-net Technology Holding Limited ("GOME Home"), Hainan Haisi Enterprise Management Co., Ltd. ("Sharing and Joint Development"), Hainan Beizhi Enterprise Management Co., Ltd. ("Home Decoration"), Rocket Gain Investments Limited ("Anxun Logistics") and Zhongmaixiu (Ningbo) Technology Co., Ltd. ("GOME Collections") (collectively, the "Target Companies") for a period of three years from 1 January 2022 to 31 December 2024.Pursuant to the Framework Agreement, the Group will provide management services to the Target Companies, including, without limitation, the provision of (i) business management services and training for business management improvement, (ii) training for employees of the Target Companies ...

SeaPRwire

Most of MWS Christalite Methodist Home Covid-19 cases either asymptomatic or have mild symptoms

aseanpr
2 minutes

SINGAPORE - The residents at Methodist Welfare Services (MWS) Christalite Methodist Home, who tested positive for Covid-19, are recovering at hospitals and community care facilities. Its spokesman told The Straits Times on Monday (Oct 11) infected staff members are recovering at government quarantine facilities. The welfare home cluster has 91 cases as at Saturday's (Oct 9) update from the Ministry of Health (MOH). MOH had said 84 were residents and seven were employees. The first case was confirmed on Sept 27. An MWS spokesman said almost all its infected residents and staff are asymptomatic or have only mild symptoms. Residents on the Day Release Scheme have also not been allowed to head out for work since June 18, said the spokesman. The scheme enables residents to work outside the home to prepare them for reintegration into the community. Social outings for residents have also been suspended since May 8 and visits to the home have been halted since Sept 13. The spokesman added the home has been on lockdown since it was informed of the first positive case and new admissions also been suspended since. Admissions will be reviewed after the lockdown is lifted, she said. All activit...

SeaPRwire

6 women arrested for alleged involvement in sexual services in massage parlours

aseanpr
1 minute

SINGAPORE - Six women, aged between 28 and 39, were arrested for allegedly providing or advertising to provide sexual services in massage parlours, said the Singapore Police Force (SPF) in a statement on Monday (Oct 11). They were nabbed following raids by the police on three massage establishments located in Kim Keat Lane, Turf Club Road and Sophia Road last Tuesday and Thursday. One of the three outlets was found to be allegedly providing massage services in an establishment for massage without a valid licence. The police are investigating. Individuals found guilty of providing massage services in an establishment for massage without a valid licence can be fined up to $10,000, jailed for up to two years, or both. For repeat offenders, the offence carries a fine of up to $20,000, a jail term of up to five years, or both. More on this topic Related Story 99 under probe, with 29 arrested, after police raids on nearly 300 massage, entertainment outlets Related Story Man, 58, charged with operating unlicensed massage parlours

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StraitsX surpasses SGD 2 billion mark in digital assets-related transactions in 2021 and unveils new platform

indie
4 minutes

SINGAPORE, Oct 11, 2021 - (ACN Newswire via SEAPRWire.com) - StraitsX, Southeast Asia's pioneering digital assets platform developed by Xfers, a Singapore-based FinTech licensed by the Monetary Authority of Singapore (MAS) for e-money issuance, today announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 alone.Aymeric Salley, Head of StraitsX, said, "The growth in transactions shows that investors are increasingly exploring digital assets as an alternative form of investment that offers liquidity and returns. Meanwhile, central banks around the world are examining the potential benefits of digital and decentralised financial systems. Recently, we have been shortlisted in the MAS Global CBDC Challenge together with our partner SEBA Bank to explore innovative retail CBDC solutions to enhance payment efficiencies, and we intend to intensify our efforts working hand-in-hand with both regulators and digital assets market participants to enable such transformation."Rebranding and Transformation for better user experienceAdding on to this announcement is the unveiling of StraitsX's new platform and identity. The new St...

SeaPRwire

Singapore and Japan passports tied for most powerful in the world

aseanpr
3 minutes

SINGAPORE - Singapore and Japan have the most powerful passports in the world, according to the latest update of a global index. Holders of passports from the two countries can travel without a prior visa to 192 destinations, it noted last week. This is a change from April, when Japan outstripped Singapore in having the world's most powerful passport, with Japanese passport holders able to travel to 193 destinations without a prior visa, while Singaporean passport holders had such access to 192 destinations. In the latest update, South Korea and Germany are tied for second place, with such access to 190 countries. The two countries had been tied for third place in April, with access to 191 destinations. Finland, Italy, Luxembourg and Spain are in third place, with access to 189 nations; while Austria and Denmark are in fourth, with access to 188 countries. The index, administered by Henley & Partners and updated throughout the year, ranks passport power according to how many destinations their holders can travel to without a prior visa. The global citizenship and residence advisory firm noted that the gap in travel freedom is at its widest since the index was started in 2006, with ...

SeaPRwire

Fire extinguisher company in S’pore ordered to stop unfair trade practices

aseanpr
3 minutes

SINGAPORE - A company that sells fire extinguishers has been ordered to stop its unfair trade practices by the State Courts, after investigations by the Competition and Consumer Commission of Singapore (CCCS). Fire Safety & Prevention (SG) had made false and misleading claims while carrying out unsolicited door-to-door visits to sell fire extinguishers, said CCCS in a media release. This included quoting buyers an initial price of $17.90 for a fire extinguisher and then charging them $179 for the same product. The company had also led consumers to believe that it was affiliated with or approved by the Government, the Singapore Civil Defence Force (SCDF) or various community centres. To sell the extinguishers, it told consumers that there was a new law requiring each household to own a fire extinguisher by a certain date. It also told buyers that Passion or NTUC card holders, Pioneer Generation members or Singaporeans could get a discount on the fire extinguishers, when there was no such discount. Furthermore, it said its fire extinguishers were non-refundable even though under consumer laws, buyers have the right to cancel a purchase and get a refund. The company also told customer...

JCN Newswire
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MHI: Second Unit of M701JAC Gas Turbine Begins Commercial Operation at GTCC Power Plant in Chonburi Province, Thailand

ruth
5 minutes

TOKYO, Oct 11, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has commenced operation of a second M701JAC gas turbine unit for natural gas-fired power plants in Thailand. Inaugurated on October 1, this is the second of eight units ordered on a full-turnkey basis as part of a joint venture between Gulf Energy Development Public Company Limited, one of Thailand's largest independent power producers (IPP), and Mitsui & Co., Ltd. The first unit, which was also a first M701JAC in Southeast Asia, started commercial operation at the end of March this year.The GTCC Power Plant in ChonburiThis M701JAC joins the global fleet of J-Series and JAC-Series gas turbines that have amassed more than 1.4 million operating hours; with 83 units ordered across the globe. When completed, the eight units in the project will form a gas turbine combined cycle (GTCC) power system with a total output of 5,300 megawatts (MW). A 25-year long-term service agreement (LTSA) for these units is also in effect and Mitsubishi Power is fully supporting the customer's reliable operation and maintenance of the first and the second units ...

JCN Newswire
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Fujitsu and University of Tokyo Hospital Embark on Joint Research into AI to Aid the Fight Against Heart Disease

ruth
6 minutes

TOKYO, Oct 11, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited today announced that it has started joint clinical research with the University of Tokyo Hospital to verify the effectiveness of artificial intelligence technology to estimate abnormal heart movements based on electrocardiogram(1) data. The research is planned to commence at the University of Tokyo Hospital from October 25.Flow of the Clinical ResearchSince December 2019, Fujitsu has been making progress with research and development of proprietary AI technology(2) in collaboration with the University of Tokyo Hospital. This research draws on data from patients that have visited the University of Tokyo Hospital to date and includes approximately 630,000 pieces of electrocardiographic data and data from approximately 140,000 cardiac ultrasounds (echocardiography)(3). This initiative has now succeeded in detecting patients with abnormal heart movements with high accuracy.The AI will be used in clinical field research to estimate the presence or absence of abnormal heart movements based on the data of patients undergoing electrocardiographic procedures at the University of Tokyo Hospital. Patients identified by t...

ACN Newswire
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医思健康预计2021/22上半财年销售数据创新高

tallulah
1 minute

HONG KONG, Oct 11, 2021 - (亚太商讯 via SEAPRWire.com) - 香港最大非医院医疗服务机构* ── 医思健康（「公司」，连同附属公司，总称「集团」；香港联交所股份编号：2138）欣然宣布，集团预计截至2021年4-9月之销售数据创新高。受益于对医疗服务的旺盛需求，及本地整体市场情绪改善，以及零售业全面复苏。董事会预计，期内集团录得不少于15.2亿港元的整体销售额，创历史新高，同比升逾60%，与2019年同期相比上涨逾43%。受惠于集团于上一财政年度下半年收购医疗资产所产生之正面协同效应，及客户对集团医疗服务的旺盛需求，集团的医疗业务销售表现强劲。期内，集团的医疗业务销售额同比增长超100%，与2019年同期相比上涨逾152%。中国大陆方面，受惠于内地消费者的潜在需求，集团凭借其于医美市场的领先地位，实现业务持续增长。期内集团预计录得逾34%的同比增长，与2019年同期相比上涨逾94%。医思健康主席、执行董事兼行政总裁邓志辉先生表示︰「展望未来，集团对业务表现持乐观态度，有鉴香港政府早前推出消费券计划，及现时疫情受控，截至10月7日，完成第二剂疫苗接种的人口数量占比已增加至约63.2%。集团相信于通关后将迎来进一步有力的消费反弹。集团会继续通过内生增长及并购双策略并行，配套资讯科技，品牌和服务来搭建闭环式的大健康生态系统，从而进一步进行大健康市场的整合。」关于医思健康香港最大非医院医疗服务供应商*医思健康以预防及精准医疗为业务核心，透过多元服务整合发展医疗人工智慧，配套高端品牌及优质客户服务，致力为客户提供最专业、安全、有效的医疗健康服务。 集团目前直营的诊所／服务中心主要位于大湾区，提供一站式医疗及健康服务。服务涵盖面极广，旗下主要知名服务品牌包括连续多年荣膺全港第一的一站式医学美容解决方案DR REBORN，及多元化多维度的医学服务包括：普通科门诊企鹅杏仁、脊骨神经关节痛症全科中心、纽约脊骨物理治疗中心、健康管理中心香港仁和体检中心、疫苗中心香港安苗医疗中心、全方位牙科服务中心UMH DENTAL CARE、诊断影像中心博思医学诊断中心、仁生肿瘤及癌症中心、内视镜及日间医疗中心仁辉专科中心、专科中心联汇专科及新医疗中心、心脏专科香港国际心脏专科中心、儿科专科汇儿儿科医务中心、妇产科专科卓越医务中心及产前诊断中心、柏立医学化验所、专业健发中心发森、眼科中心唯视眼科和医思兽医医院及影像中心。*根据弗若斯特沙利文公司按2019年及2020年收入计算进行的独立研究若有进一步垂询，请联络：iPR奥美公关刘丽恩 / 陆咏诗 / 叶子欣电话：(852) 2136 6952 / 2169 0467 / 3920 7649传真：(852) 3170 6606电邮：ech@iprogilvy.com Copyright 2021 亚太...

ACN Newswire
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EC Healthcare expects to achieve a record-high sales volume in first half of FY21/22

indie
4 minutes

HONG KONG, Oct 11, 2021 - (ACN Newswire via SEAPRWire.com) - EC Healthcare (the "Company", which together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, is pleased to announce the Group's expected to achieve a record-high sales volume from April to September 2021(the "Reporting Period").Benefiting from the strong demand on medical services and improving local consumption sentiment by full-fledged retail sector recovery, the Board expects the Group to achieve a record-high overall sales volume of no less than HK$1,520 million for the Reporting Period, representing a no less than 60% y-o-y increase and a no less than 43% increase compared with the same period in 2019. Benefiting from positive synergies arisen from the acquisition of medical assets in the second half of the last financial year and the strong client demand for the Group's medical service, the Group achieved a no less than 100% y-o-y increase for medical services sales volume, and a no less than 152% increase compared with the same period in 2019.For Mainland China, thanks to the unmet demands of mainland customers and the continued busi...

JCN Newswire
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NEC to Build a Transatlantic Cable

ruth
2 minutes

TOKYO, Oct 11, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced that it has been contracted by Facebook to build an ultra-high performance transatlantic subsea fiber-optic cable connecting the USA and Europe.Until recently, subsea cable was composed of 16 fiber pairs at most, but today, by using NEC's newly developed 24 fiber pair cable and repeaters(1), a system can deliver a maximum transmission capacity of a half Petabit per second, the highest to date for a long distance repeatered optical subsea cable system(2). International data usage across the Atlantic is expected to expand twenty-fold in the 15 years between 2021 and 2035(3). The region ranks among the highest growth geographies for data traffic demand, bringing ever-greater demands to reduce the cost per bit on subsea cable networks.NEC has been a leading supplier of submarine cable systems for more than 50 years, and has built more than 300,000 km of cable, spanning the earth nearly 8 times. NEC is well-established as a reliable partner in the submarine cable field as a system integrator that provides all aspects of submarine cable operations, including the manufacture and installati...

JCN Newswire
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NEC’s 5G massive MIMO Open RAN radio units awarded TIP’s “Requirements Compliant Ribbon”

ruth
3 minutes

TOKYO, Oct 11, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC; TSE: 6701) announced today that its Open RAN 5G massive MIMO(*) radio units have been awarded a Telecom Infra Project (TIP) Requirements Compliant Ribbon, and are listed on new windowTIP Exchange. TIP is a global community of companies and organizations that work together to develop, test and deploy open, disaggregated, and standards-based solutions that deliver the high quality connectivity that the world needs - now and in the decades to come. With this award, NEC demonstrates compliance with TIP OpenRAN RU requirements for its latest released 5G massive MIMO radio units, specifically the new windowMB5440, new window5450 and new window5460 units, which meet O-RAN standards and feature massive MIMO with advanced beamforming. These TIP OpenRAN compliant RU products are available for sub-6 C-band (n77 and n78), the most popular 5G bands awarded globally, and can be deployed for use particularly in dense urban environments which require high performance and high coverage. NEC is an Open RAN market leader with its end-to-end Open 5G solutions, system integration capabilities and deployments with its signatu...

SeaPRwire

Aircraft engine manufacturer Pratt & Whitney to hire 250 people in S’pore over a year after Covid-19 layoffs

aseanpr
3 minutes

SINGAPORE - Aircraft engine manufacturer Pratt & Whitney will hire 250 new staff by the end of the year, in a move that shows the aviation and aerospace sector is slowly getting back on its feet. The United States-based firm had retrenched 400 staff at five of its six facilities here in August last year due to the impact the Covid-19 pandemic had on the industry. It had employed about 2,000 workers in Singapore. Mr Tim Cormier, Pratt & Whitney's vice-president of aftermarket operations in Asia-Pacific, told The Straits Times on Friday (Oct 8) that the firm had started hiring workers in the last few months. Most of the new hires will be hourly workforce technicians and production associates, said Mr Cormier, but they will be complemented by salaried workforce made up of degree and diploma holders as well. Asked whether the new staff are filling up the roles left by those who were retrenched or if they are taking on new roles, Mr Cormier said they are doing both. "There is some volume-related hiring we need to do, which would lend itself to bringing back some of the employees, or at the very least, some of the same skill sets that we have. "But our eyes are trained on the future... t...

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陆庆娱乐公布停止澳门业务运营

tallulah
1 minute

HONG KONG, Oct 11, 2021 - (亚太商讯 via SEAPRWire.com) - 亚洲高档会所及娱乐业务经营者陆庆娱乐集团控股有限公司（「陆庆娱乐」或「集团」；股份代号：8052）今天公布停止旗下澳门业务运营。Cubic Space+ 珠海集团于过去数年一直在大湾区发展其业务据点。随着娇比会所（Cubic Space+）于2019年在中国广东省珠海开业之后，集团成功制定进军中国内地市场的策略。此外，集团的香港餐厅经营业务亦表现理想，三个高级中式餐厅品牌均在市场得到正面反应。鉴于新冠疫情的爆发严重影响集团在澳门的业务，董事会今天宣布「Club Cubic 澳门」自二零二一年十月八日起停止营运。根据集团于二零二一年八月刊发的截至二零二一年六月三十日止六个月的中期报告，「Club Cubic 澳门」业务的收益占集团总收益约17%。董事会强调，集团于珠海及香港的业务仍然正常运作，并将不受影响。陆庆娱乐执行董事兼董事总经理蔡绍杰先生表示：「自集团成立以来，我们一直对『Club Cubic澳门』感到自豪。尽管告别是伤感的事情，但我们相信，就当前市场环境下，停止旗下澳门业务运营，并将业务重点转向利润更高的中国内地市场才符合集团持份者的最佳利益。展望未来，陆庆娱乐将继续在大湾区内为『Cubic』品牌发掘市场机会，并巩固我们作为香港领先的高级中式餐饮经营者的地位。」 Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

ACN Newswire
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Luk Hing Entertainment announces cessation of Macau operation

indie
2 minutes

HONG KONG, Oct 11, 2021 - (ACN Newswire via SEAPRWire.com) - Luk Hing Entertainment Group Holdings Limited ("Luk Hing Entertainment" or the "Group"; stock code: 8052), a premium clubbing and entertainment business operator based in Asia, announces the cessation of its Macau operation today.Cubic Space+ in ZhuhaiThe Group has, in the past few years, been developing its business presence in the Greater Bay Area. With the opening of Cubic Space+ in Zhuhai, Guangdong Province, the PRC in 2019, the Group has successfully formulated its strategy for tapping the Mainland China market. Furthermore, the Group's Hong Kong restaurant operation has also been performing satisfactorily with the market responding positively to all of the three premium Chinese restaurant brands. Due to the outbreak of the COVID-19 pandemic which has significantly affected the business of the Group's operation in Macau, the Board has today announced the cessation of operation of Club Cubic Macau with effect from October 8, 2021.Based on the interim report of the Group published in August 2021 for the six months ended June 30, 2021, revenue generated from operation of Club Cubic Macau accounted for approximately 17%...

SeaPRwire

Yellen confident Congress will follow through on global tax deal

elean
2 minutes

WASHINGTON (BLOOMBERG) - Treasury Secretary Janet Yellen said she expects Congress to take action soon to bring the United States into line with a global minimum tax agreed on last week by 136 countries. "I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package," Dr Yellen said Sunday (Oct 10) on ABC's This Week, referring to a spending Bill Democrats are preparing. An overhaul of how to tax multinational companies took a big step forward Friday in talks hosted by the Organisation for Economic Cooperation and Development. Countries agreed to enforce a minimum corporate tax rate of 15 per cent. Dr Yellen also expressed confidence that Democrats would come to an agreement over the content and size of a long-term spending package. Party moderates have rejected the US$3.5 trillion (S$4.7 trillion) headline number US President Joe Biden had proposed. Senator Chris Coons, a Delaware Democrat, said on Fox News Sunday he expects the number to be whittled down to about US$2 trillion. "This is a healthy give-and-take going on right now among Democrats with different points of view," Dr Yellen said. "We do have a limit on...

SeaPRwire

In a world fighting climate change, fossil fuels take revenge

elean
7 minutes

LONDON (BLOOMBERG) - With its chimneys towering 200m above the industrial heartland of England, West Burton A power station is a relic of the fossil fuel age. When fired up, its boilers burn thousands of tonnes of coal each day, spewing out the carbon dioxide that is warming up the planet. After more than 50 years of operation, it will close next year, part of a global transition into green energy sources like wind and solar. It is only rarely used, but for several days last month, it was this old, polluting facility that kept the lights on in Britain. West Burton is not an oddity. Across the world, fossil fuels are making a remarkable comeback as a super-charged recovery from the pandemic boosts demand. For all the green energy promises and plans, that transition is in its infancy, and the world still leans heavily on fossils. It is an addiction built up over two and a half centuries, and it runs deep. In Europe, where electric vehicles are becoming ever more popular, gasoline sales are booming, reaching a 10-year high in some countries. In the developing world, from Brazil to China, natural gas consumption is stronger than ever. The global hunger for energy has collided with cons...

SeaPRwire

Sept equity pullback an opportunity for investors

elean
5 minutes

SINGAPORE - Today, the spectre of stagflation haunts many economies as they try to break free of Covid-19 and regain some semblance of normality. Inflation is already making a comeback after a two year break. Unemployment - or rather under-employment - remains an issue many governments are grappling with. This is the scenario against which stock markets are struggling to make headway as we enter the final quarter of 2021. That said, markets ended the week on a stronger note as the US Senate took steps to pass a short term US$480 billion (S$650 billion) increase in Treasury borrowings to avert a debt default later this month. Sentiment was also helped by the better than expected US jobless claims data, with initial claims at 326,000 compared to consensus estimate of 348,000. That said, September added 194,000 jobs versus a forecasted 500,000, suggesting that hirings have slowed significantly in the world's largest economy. Still, the unemployment rate fell to 4.8 per cent versus an expected 5.1 per cent. However under-employment has become persistent, especially amongst workers in the over-55 years category. US data suggest many older workers are also dropping out of the regular wor...

SeaPRwire

Semiconductor firms in S’pore step up talent development amid global demand for chips

elean
1 minute

SINGAPORE - Semiconductor firms in Singapore are stepping up their talent development amid a rampant global demand for chips that shows no sign of slowing down. Industry players have been focusing on two strategies - upskilling existing workers and attracting new employees. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire

Metalist Partners with AP to Publish NFT Collections of 53 UNIQUE Moments from the Past 100 Years on BinanceNFT

aseanpr
3 minutes

New York, NY - Recently, Metalist Lab has announced a partnership with the Associated Press. And it is authorized by AP to release unique moments collection in the near future. For 175 years, the Associated Press has provided the world with accurate and fast news reporting of the most important events around the globe. With fearless staff and news bureaus in 250 locations in 100 countries, AP journalists have covered moments of great joy, scientific breakthroughs, achievement, and accomplishment as well as moments of loss, despair and agony.  AP is dropping a unique, curated collection of its rare, archived news reporting of the most memorable moments in recent world history. To release this unique series of collectibles, AP is collaborating with Metalist Lab and the collection will drop on the Binance NFT marketplace on October 19th, at 12pm UTC. Related link on Twitter: https://twitter.com/AssociatedPress The collectibles feature AP's coverage over the past 100 years of milestones in space, global conflicts, science and discovery, and human freedoms and advancement. The news reporting at the core of this collection consists of high-resolution images distributed aro...