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Five HKTDC August fairs and ICMCM draw to a close

HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - The HKTDC Food Expo, HKTDC Hong Kong International Wine & Spirits Fair (Special Edition), HKTDC Hong Kong International Tea Fair, HKTDC Home Delights Expo and HKTDC Beauty & Wellness Expo, organised by the Hong Kong Trade Development Council (HKTDC), as well as the International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), jointly organised by the HKTDC and the Modernized Chinese Medicine International Association, have all drawn to a successful close. The five public fairs brought together over 900 exhibitors and attracted more than 370,000 visitors.The Food Expo, Hong Kong International Wine & Spirits Fair (Special Edition), Hong Kong International Tea Fair, Home Delights Expo and Beauty & Wellness Expo drew to a close today, attracting more than 370,000 visitors.The Gourmet Zone at the Food Expo showcased exquisite high-end food products. Various star chefs demonstrated "less salt and less sugar" recipes to encourage urbanites to develop healthy eating habits.Pavilions and exhibitors from overseas participated at the Food Expo through local representatives to promote ...

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Ethereum Forks in London and Shanghai, What Effect they Will Have

London / TickerInsider / August 15, 2021 / London Hard Fork contains EIP-1559 which will change the Gas fee structure of the Ether mainnet and introduce a destruction mechanism for the ETH token model, while EIP-3529 will directly affect the Gas Token failure on Ether after the upgrade. ETH London Fork Shanghai Hard Fork may realize the merging of ETH1/ETH2 and completely change the consensus mechanism of the Ethernet mainnet, while the token supply issuance model of ETH has also changed. For this London Hard Fork, some of the EIPs involved may have a high threshold of understanding for new users, so before going deeper into each EIP, let’s briefly outline the possible impacts of this upgrade. EIP-1559 can make the future Ether Gas handling fee more predictable and stable, while nearly half of the network handling fee in the future Ether network may be directly destroyed. Although the current market is relatively low, the destruction of ETH has a profound impact on the long-term value support of ETH in the future, especially in the future after the transition of Ether to PoS, under the premise of the prosperity of the Ether ecology, the network In particular, after the transition o...

理想汽车将于8月25日后被纳入恒生综合指数:兼具产品与技术优势

HONG KONG, Aug 16, 2021 - (亚太商讯 via SEAPRWire.com) - 8月12日,中国造车新势力三强之一的理想汽车(2015.HK)正式在港交所挂牌上市。高盛、中金为其联席保荐人。此次以双重上市形式登陆港股,理想汽车共发行1亿股,每股定价118港元,共集资116亿港元。恒生指数公司于8月13日公告称,理想汽车将于8月25日收市后被纳入恒生综合指数,恒生消费品制造及服务业指数,并于8月26日起生效。聚焦新能源SUV市场 理想ONE创交付记录近年来,在政策的推动下,中国新能源市场快速发展,已成为全球最大的新能源汽车市场。根据灼识咨询报告预计,中国新能源汽车销量在2020年至2025年将以35.8%的年复合增长率增长。其中,SUV因其座舱空间大等优势,随着生活水平的提高,成为家庭用户的首选。理想汽车从新能源SUV细分市场入手,于2019年推出首款产品理想ONE,搭载公司自研的增程式电动汽车技术,为家庭用户提供6座的舒适空间。2021年5月,理想汽车正式发布2021款理想ONE,将增程电动系统、理想AD高级辅助驾驶、智慧座舱、乘坐舒适性进行了全面的升级,极大的提升了用户体验。通过对智能语音系统的重构,2021款理想ONE成为全球唯一提供「全车自有对话功能」的智能语音座舱。凭借着领先的技术水平以及卓越的用户体验,理想汽车获得了用户高度认可。根据灼识咨询报告,按销量统计,理想ONE于2020年成为中国最畅销的新能源SUV车型。截至2021年7月31日,理想汽车已交付72,340辆理想ONE。2021年7月,理想汽车交付8,589辆理想ONE,单月交付量首次超过八千辆,同比2020年7月增长251.3%,环比2021年6月增长11.4%,再创交付记录。同时理想汽车是2021年7月中国新能源SUV上险量第一名,2021年7月中国中大型SUV上险量第一名,2021年7月中国新势力品牌上险量第一名,理想汽车在7月多次夺得各种排名第一名的宝座。理想ONE的成功证明了理想汽车对用户需求的洞察能力和公司卓越的产品能力,也为增程式电动和纯电动车型等未来车型的发展打下了坚实的基础。推进双能源战略 把握「现在」与「未来」由于充电基础设施不足以及等待和充电时间较长,导致纯电动汽车能源补充不便,一直制约着纯电动汽车的发展。为了应对该挑战,理想汽车创新的采用了增程式电动汽车技术,通过充电和加油两种方式为电机补充能源,彻底消除了里程焦虑难题。公司还正在开发X平台,不断升级现有增程式电动汽车技术。与此同时,理想汽车也正在大力投资高压纯电动汽车技术,公司正为未来的高压纯电动车型开发两个平台-Whale及Shark。自2023年起,理想汽车计划每年至少推出两款新的高压纯电动车型。此外,理想汽车在自动驾驶方面也投入了大量研发精力,公司计划自2022年起,公司所有的新车型...

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NEC to host NEC Visionary Week 2021

TOKYO, Aug 16, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC; TSE: 6701) today announced the Global Program for NEC Visionary Week 2021, an online annual event taking place from September 16 to 17, 2021. During the event, NEC will present a shared vision of the future that highlights its latest technologies, solutions and customer case studies from various business domains.Themed "Seize the Future Together," this NEC flagship event will offer exclusive global sessions over a two-day period, envisioning and co-creating a brighter, more sustainable world with partners and stakeholders. The sessions will focus on how innovative technologies, such as AI and 5G, can contribute to addressing critical challenges for society, such as overcoming COVID-19 and implementing essential digital transformation measures in key industries. Thought leaders from around the world will gather to share their insights on the future of society and business. These sessions will be available on-demand until October 30. The opening keynote will be presented by Takayuki Morita, President and CEO of NEC Corporation, on September 16 from 15:00-15:20 (JST). Distinguished speakers will include Jef...

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关于Quantum Solutions决定以EV业务为核心发展的原因及其在中国的EV发展计划

HONG KONG, Aug 16, 2021 - (亚太商讯 via SEAPRWire.com) - 于2021年6月21日发布的《资本与业务合作的谅解备忘录(上海凌康商务咨询有限公司)的通知》中,Quantum Solutions Co.,Ltd.(以下简称「集团」)已宣布与上海凌康商务咨询有限公司(以下简称「凌康」)签署与电动汽车(以下简称「EV」)业务相关的资本和业务合作谅解备忘录。并且,于2021年7月12日发布的《新事业的开始及与FOMM股份有限公司的资本・业务合作的通知》中,宣布在FOMM股份有限公司(以下简称「FOMM」)董事会批准发行准则的前提下,集团与FOMM进行关于电动车事业的资本和业务合作,并将把EV业务作为其5G和AI事业等关联事业的一环,开展集团新业务的发展。集团目前还在与凌康及FOMM持续进行交涉与商谈,现阶段还未决定是否与该公司等进行资本和业务合作。然而,集团计划将EV业务作为其在中国业务的重点发展,原因包括:(1) EV的发展是一个全球性的趋势,集团认为此趋势将逐步取代过去40年的石油时代,进而成为未来30至50年的主流;(2) 虽然日本的EV产业发展相对迟缓,较已全面展开的中国、美国及欧洲延迟近2至3年,但集团相信,日本的EV产业将于未来几年内赶上这些国家;(3) 目前,与现今的美国和中国资本市场相比,在日本的资本市场尚未出现具有影响力的独立品牌电动车之上市企业,例如美国的Tesla的市值已经超过1亿美金,而中国的比亚迪的市值也已经超过1,500亿美金。在美国和中国仍有众多的EV上市公司,其股票市值都已达到极高的水平。未来,随着EV市场的认知度提升,EV业务将成为日本资本市场的重要版块;(4) 预计EV产业和无人驾驶的趋势、智能EV互联网的趋势以及EV产业的发展性等将刺激庞大的需求;(5) 虽然是日本的EV品牌,但目前日本EV的销售市场还未成熟,所以于现阶段迅速进入相对较成熟的市场,尽可能在短时间内壮大公司与品牌,是一个实际可行的策略。因此,集团决定将首先进入中国市场。中国号称「世界工厂」,拥有全球最完善的汽车产业链,全球50%以上的汽车零部件制造都与中国有关,而世界上主要的汽车零部件公司均于中国设厂。因此,在中国设置生产据点将可提供最高的零部件供应稳定性,而且进口时亦不需要运输费和关税,可以大幅削减成本。另外,除了上述所提及的原因外,从销售等各个方面来看,在中国设置生产据点具有相当的优势,包括中国政府对EV事业拥有优待制度、中国本身为全球最大的市场,以及在中国开始生产后亦可向其他国家的大市场出口和销售。综上所述,集团计劃以在中国的EV开发和生产为轴心,并从以下方向发展其EV业务。(1) 短期策略:透过在中国生产现有的车型,降低其生产成本,并将销售价格降低60%以上。(2) 中期策略:推出「日本品牌、中国生产」的新型小型...

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Quantum Solutions Co., Ltd. shifts to focus on the EV business for its core development and its EV development plans in China

HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - According to the "Notice Regarding the Memorandum of Understanding for Capital and Business Alliance with Shanghai LingKang Consulting Co., Ltd." dated 21 June 2021, Quantum Solutions Co., Ltd. (hereinafter referred to as the "Company") signed a Memorandum of understanding with Shanghai LingKang Consulting Co., Ltd (hereinafter referred to as "Lingkang") in relation a business alliance including capital investment in the electric vehicle (hereinafter referred to as "EV") sector. In addition, according to "Notice Regarding the Start of New Business and Capital and Business Alliance with FOMM Corporation" dated 12 July 2021, the Company announced that subject to approval by the board of directors of FOMM Corporation (hereinafter referred to as "FOMM"), a Japanese company, the Company would forge a business alliance including capital investment with FOMM in the EV business. The Company considers that embarking on business in the EV sector is within the business direction of 5G communications and AI.The Company is still discussing with Lingkang and FOMM the details of the respective capital and business alliances. The Company...

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辰林教育集团龙南投资项目正式签约

HONG KONG, Aug 16, 2021 - (亚太商讯 via SEAPRWire.com) - 8月13日上午,赣州市龙南市市委、市政府隆重举行了辰林教育集团投资兴办龙南本科院校及技师学院项目签约仪式。辰林教育集团董事局主席、江西应用科技学院董事长黄玉林,学校党委书记、副董事长彭迪云,集团首席战略官汪玉奇,执行董事、联席总裁、副校长王立,首席运营官、副校长房小珍等出席了签约仪式。龙南经开区及龙南市"四套班子"主要领导和其他区市领导及有关部门的主要负责人出席签约仪式。黄玉林董事长首先表达了投资办学的初衷。他说:"在赣南投资办学,助力家乡教育事业,是多年来的夙愿,投资龙南,从来没有犹豫"。在全面介绍辰林教育集团的政策机遇、战略模式、发展势头及签约项目的基本情况后,他表示,辰林教育集团发展理念先进、背靠资源丰厚、拓展领域宽广,有决心、有能力推动龙南教育事业优化升级,为龙南打造"百强千亿国家级经开区""充满活力的江西南大门"和"世界级客家文化名城"提供人才和智力支撑。龙南经开区党工委副书记、管委会主任、市委书记钟旭辉指出,辰林教育集团有实力,有情怀,有诚信,慧眼青睐龙南并成功签约,是龙南教育事业上具有里程碑意义的一件喜事,也是龙南经济社会发展史上的一件大事,补齐了龙南人才培养短板,填补了龙南没有本科院校的历史空白,对提升龙南教育水平与发展能力,增添了亮色,插上了腾飞的翅膀。黄玉林董事长、彭江闽市长代表双方在协议上签字。8月13日下午,在赣州市教育工委书记、教育局局长邓明,副局长赖晓琴的陪同下,中共江西省委常委、赣州市委书记吴忠琼同志会见了黄玉林董事长一行,认真听取了辰林教育集团在赣州投资办学情况及下一步设想与建议的汇报。吴忠琼书记对黄玉林董事长回家乡投资兴学的桑梓之情和辰林教育集团助推赣南革命老区教育事业发展的担当给予了充分肯定和感谢,并对今后深化合作与发展提出了新的要求和期望。此新闻稿由博达浩华国际财经传讯公司代表辰林教育集团控股有限公司发布。如有垂询,请联络︰博达浩华国际财经传讯集团冯嘉莉小姐 +852 3150 6763 kelly.fung@pordahavas.com陆淼小姐 +(86) 21 3397 8878 ivy.lu@pordahavas.com刘媛小姐 +(86) 21 3397 8796 louise.liu@pordahavas.com杨冬梅小姐 +(86) 21 3397 8725 may.yang@pordahavas.com陈蒙小姐 +(86) 21 3397 8896 mona.chen@pordahavas.com王嘉盈小姐 +(852) 3150 6720 jessika.wong@pordahavas.com Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWi...

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SCDF rescues injured hiker from Clementi Forest on National Day

SINGAPORE - The Singapore Civil Defence Force (SCDF) rescued an injured teenage hiker from Clementi Forest on National Day (Aug 9). Paramedics and firefighters involved in the rescue told The Straits Times that the teenager had been in the forest with his parents when he slipped into swampy terrain and his left leg was stuck between two thick roots. ST understands he is 17 years old. The SCDF received a call for assistance at 6.10pm that day. A light fire attack vehicle from Bukit Batok Fire Station and an ambulance from Clementi Fire Station arrived at the forest nine minutes later, at the entrance opposite Maju Camp. A team of rescuers entered the forest and hiked 20 minutes through rough terrain to reach the family's location about 900m away. "It was rough terrain and there were many obstacles such as logs along the way," said Third Sergeant Shanmugam Alagudass, a section commander at Bukit Batok Fire Station. Firefighters and paramedics were each carrying a load of about 5kg during the rescue. This included medical equipment such as a stretcher and other supplies to treat traumatic injuries. It took under one minute to free the teen's leg from the roots. Paramedics who examined...

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SingPost pilots electric scooters and vans to replace current light vehicles by 2026

SINGAPORE - The postman will soon be bringing your mail on electric vehicles. Singapore Post announced on Monday (Aug 16) that it will replace all of its lighter vehicles with electric ones by 2026. For a start, it has begun pilots of two electric scooters and two vans. The Iona RAP three-wheeler scooter is being considered in the pilot to replace the company's 700 motorcycles and scooters that run on internal combustion engines. The BYD T3 electric vans, if successful, are also expected to gradually phase out SingPost's 140 petrol vans as their certificates of entitlement expire in the next five years. SingPost's target is to reduce absolute greenhouse gas emissions by 35 per cent by 2030. The pilot should end sometime in the next few months and could be further expanded if criteria like safety are met. "As Singapore's leading last-mile and postal service provider, our delivery vehicles traverse the length and breadth of the nation every day," said Mr Vincent Phang, chief executive of SingPost Singapore and its postal services. "There is a tremendous potential for us to do better for the planet." The two Iona RAP scooters will be piloted on the Anson-Road-Shenton Way and Emerald H...

S’pore students should develop diverse strengths to navigate more complex world: Chan Chun Sing

SINGAPORE - To navigate an increasingly complex and competitive world, Singapore students have to pursue more diverse interests and capabilities, beyond what is taught and tested in schools. How far the Republic can move in this direction and away from an overemphasis on academic grades depends on educators, parents and societal culture at large, said Education Minister Chan Chun Sing on Monday (Aug 16). Highlighting diversity as key to alleviating the "unhealthy stress" of pursuing the same definition of success, he spoke of the need for diverse schools, education pathways, skills, perspectives and experiences. Mr Chan also highlighted the need for a diversity of schools with unique propositions to cater to different students. He noted that seven out of 10 students in a Primary 1 cohort progress to the polytechnics and Institute of Technical Education, and Second Minister for Education Maliki Osman is leading a review to ensure their education and training enable them to remain competitive in the job market. Mr Chan stressed the important role played by teachers and called on them to be "critical thinkers and communicators" who "read extensively, learn widely and reflect continuou...

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Rovanpera on the podium at Spa for TOYOTA GAZOO Racing

Toyota City, Japan, Aug 16, 2021 - (JCN Newswire via SEAPRWire.com) - Kalle Rovanpera claimed a podium finish for the TOYOTA GAZOO Racing World Rally Team at Ypres Rally Belgium following a final-day battle with his team-mates Elfyn Evans and Sebastien Ogier as the event came to a close at the iconic Spa-Francorchamps circuit.In the first Ypres Rally to be held as part of the FIA World Rally Championship, all three of the team's drivers were very closely matched throughout their debut appearances on the tricky Belgian roads. They ended Saturday covered by just 4.3 seconds in an in-house fight for third overall, with Evans leading Rovanpera and Ogier as they headed to Spa for the final four stages.The final day's stages were considerably different in character to what had come before, combining twisty public roads in the Ardennes region with access roads around the Spa circuit as well as sections of the racetrack itself. Rovanpera stole a march on the competition in the day's first stage, where he posted the fastest time to move ahead of Evans and into third. Ogier meanwhile dropped back from his team-mates after sustaining tyre damage.Rovanpera went on to seal third place by 6.5s o...

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Anticancer Agent “Tazverik Tablets 200mg” (Tazemetostat Hydrobromide) Launched in Japan for EZH2 Gene Mutation-Positive Follicular Lymphoma

TOKYO, Aug 16, 2021 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that it has launched the anticancer agent EZH2 inhibitor "Tazverik Tablets 200 mg" (tazemetostat hydrobromide), in Japan with the indication of relapsed or refractory EZH2 gene mutation-positive follicular lymphoma (only when standard treatment is not applicable). Eisai obtained the manufacturing and marketing approval of "Tazverik" on June 23, 2021. "Tazverik" was included to Japan's National Health Insurance Drug Price List on August 12, 2021.Created by utilizing Epizyme, Inc.'s proprietary product platform, "Tazverik" is a first-in-class small molecule inhibitor of the epigenetic enzyme EZH2. It is one of the histone methyltransferases in the epigenetics-related protein group, and is thought to regulate the expression of cancer-related genes and suppress the growth of cancer cells by specifically targeting EZH2, which contributes to the cancer growth process.(1) Eisai is responsible for the development and commercialization of this agent in Japan, while Epizyme, Inc. is responsible for all regions outside of Japan. The approval of "Tazverik" in Japan is based on data including results from S...

Xin Xin and Le Le among names suggested by ST readers for first panda cub born in S’pore

SINGAPORE - Xin Xin and Le Le are among the popular names suggested by netizens for the first panda cub to be born in Singapore. The Straits Times asked on Facebook for suggestions of a name for the newborn panda, and netizens responded. Xin Xin refers to heart in Mandarin, or alludes to Singapore. Some netizens also spelt it as Xing Xing or Sing Sing, which would mean stars. Le Le refers to joy. Said Facebook user Yvonne Chua: "Since the mum's name starts with 'J' and the dad's name 'K', their junior (should) start with 'L'." The panda cub was born to parents Kai Kai and Jia Jia at the River Safari at about 7.50am on Saturday (Aug 14). Other name suggestions included Xi Wang (hope in Mandarin), An An (peace) and Kang Kang (health). En En, which refers to gratitude in Mandarin, was another idea. Facebook user Celia Chong, who suggested it, said: “Gratitude to the animal care team that helped Jia Jia during (her) pregnancy period in Singapore.” Qi Qi, referring to the number seven in Mandarin, was suggested by Facebook user Derek Lee, who pointed out that the cub was born on the seventh day of the seventh month of the lunar calendar. It also happened to be during the giant pandas' s...

Foreigners plug gap as locals shun jobs in Singapore’s social service sector

SINGAPORE - Demand for social services is expected to grow in the coming years and the sector's workforce will expand in tandem as Singapore's population ages rapidly. With fewer people in Singapore keen to take up care and support jobs in the sector, there is a need to plug the gap with foreign manpower, said the Ministry of Social and Family Development (MSF). 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.

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Central Global Berhad Increases Production Capacity by 250% to Meet Fresh Demand

KUALA LUMPUR, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - Central Global Berhad ("Central Global" or "Group"), a producer of industrial masking tapes and label stocks as well as general building contractor, is in the midst of finalizing the purchase of machinery that will triple the Group's manufacturing arm's capacity to produce industrial masking tapes.Central Global executive chairman Dato' Faisal ZelmanWith the purchase of the new machinery, the Group's factory in Kuala Muda, Kedah, will have a capacity to produce up to 70 million square metres ("sqm") per year of tapes from 20 million sqm of tapes per year from the old machinery.Central Global executive chairman Dato' Faisal Zelman said, "This is perfect timing for us as we currently have new potential orders of up to 30 million sqm of masking tape orders from existing customers. The new machinery will make us even more productive and efficient while allowing us the capacity to grow the business.""We are also able to fulfil backlog orders worth RM10.0 million from July and August that had been delayed due to the enhanced movement control order that was extended by two weeks in parts of Kuala Muda to the end of July. We w...

国美零售建构新零售模式 长期价值突显

HONG KONG, Aug 16, 2021 - (亚太商讯 via SEAPRWire.com) - 随着个别新零售企业因过度扩张而产生资金流动性问题后,投资者当下在押宝于快速扩张的新零售企业时,也更细心了解企业发展的平衡点。对此,国美零售 (0493) 的在线线下双平台模式值得关注。对于强调在线电商平台发展的新零售企业,亮点往往在于月活跃用户数量 (Monthly Active User, MAU) 之用户流量数据的巨幅增长,但同时不得不注意的是烧钱的速度可能同样快速,甚至有过之而无不及。因此,自国美的控股股东再出江湖以来,提出对在线线下双平台营运模式发展的重视,引起了市场巨大的回响。打造在线线下新零售模式国美新零售的核心价值建基于其34年以来构建的完善供应链、物流、线下门店体系,通过大规模集中式采购降低成本、广泛的全国物流网络形成「闪送速达」、不断优化的线下实体店网络加速引流、前置仓布局,打造出国美的在线线下双平台的新零售特色和优势。通过在线引流、赋能线下的同时,也利用线下的实体品宣和导购体验,加强引流能力,并持续拓展符合线下场景的产品组合。国美的「家‧生活」战略第二阶段正稳步推进,线上线下双平台本地零售生态圈逐渐清晰。未来,国美线下全场景展示平台的打造,需要在北京及长沙等重点城市树立桥头堡,打造地标式的「城市展厅」。大股东变相注资逾二百亿早前,国美公布计划向国美管理以发行新股的支付形式,锁定最长达19年的三个位于城市黄金地段的大型物业 (即国美商都、湘江玖号及鹏润大厦) 租赁期,也正体现出集团在新零售的长期部署决心。同时,通过溢价股份的发行来支付租赁费用,对于国美及股东而言,实在是利大于弊。首先,大股东愿意以溢价股份来作租金抵销,如同巨额注资,充份显示出其对国美未来发展的巨大信心。未来19年,大股东原本可以通过三座位于黄金地段的大型物业,取得约178.7亿元人民币 (折合约214.6亿港元) 的租金,但刻下却自动放弃,反而押注在国美的未来。换言之,在大股东的眼中,未来19年的国美才是一个大型金矿。今次配股能优化资本结构如大家不善忘,医思健康 (2138,前称医思医疗) 于2020年4月29日以每股作价4.20元,向一位大业主配售股份,所得资金作为物业的租金。于配售完成后,加上良好的业务数据发布,医思健康股价大幅上升,至今年7月9日高见16.26元,仅约十四个月股价较配股价高逾2.87倍。当日配售的股份总值不足3,400万元,但最终为大业主带来超过9,700万元的增值效益。按此考虑,配合上述国美具备多项良好基本条件,股价年内或可再次翻倍,甚至大升三倍也不足奇。此外,国美通过此次发行新股,可大大增加集团的资产净值,令负债率显著回落之余,未来19年集团更不用支付折合逾200亿港元的租金,长期优化经营现金流,并有效地减低了扩张的风险,对股东也是极大的保障。...

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Turnaround seen at PIL Results, showing improvement in First Half 2021 with Record Quarterly Revenue

HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - Pentamaster International Limited (1665.HK) ("PIL" or "the Group") which is listed on the Main Board of The Stock Exchange of Hong Kong Limited announced its interim financial results for the six months period ended 30 June 2021 ("1H2021") today. The Group recorded a revenue of MYR245.6 million, while its net profit stood at MYR55.7 million, showing an improvement of approximately 21.0% and 5.6% respectively from the corresponding period last year.In 1H2021, the Group's revenue was contributed by both the ATE and FAS segments, with each constituting approximately 72.0% and 28.0% respectively of the Group's total revenue in the current period. The ATE segment continued to contribute the larger portion of revenue and profit to the Group's results for the first half of 2021 at a revenue contribution rate of 72.0%. This segment recorded an increase in revenue of MYR39.2 million, representing a growth of 28.3%, to MYR177.6 million in 1H2021 as compared to the corresponding period in 2020. Given the continued recovery in the smartphone market with 5G capability and other incremental features, the electro-optical segment of the ...

UK home asking prices slip for first time this year: Rightmove

LONDON (REUTERS) - Asking prices for houses in Britain slipped over the past month for the first time this year, as the partial removal of a temporary cut to property purchase taxes took the edge off demand for larger homes, a survey showed on Monday. Real estate website Rightmove said asking prices fell by 0.3 per cent in its August survey after a 0.7 per cent increase in July, dragged down by "upper end" houses of four bedrooms or more, which saw asking prices fall by 0.8 per cent in July. The August survey covered property first advertised on Rightmove between July 11 and Aug 7. The readings chimed with a report from the Royal Institution of Chartered Surveyors last week, which also suggested the reversal of property purchase tax cuts had started to affect an otherwise strong market. Finance minister Rishi Sunak cut stamp duty, a tax on house purchases, in July 2020. But from last month it started to return to its pre-pandemic level. The tax cut aimed to reverse a slump in property sales at the start of the pandemic, and helped fuel a surge in property prices and some new construction. Many households were already seeking more spacious housing suited to working from home. "Our a...

New Zealand expected to raise rates to cool overheating economy

WELLINGTON (BLOOMBERG) - New Zealand is set to raise interest rates this week, the first advanced economy in the Asia-Pacific to begin normalising policy, as a powerful recovery unhindered by Covid-19 Delta outbreaks shows signs of overheating. The Reserve Bank of New Zealand (RBNZ) will lift the official cash rate by a quarter percentage point to 0.5 per cent at its review Wednesday in Wellington, according to 13 of 17 analysts surveyed by Bloomberg. One economist predicts a half-point increase and three see no change. Markets also expect a hike as concerns mount that labour shortages will unleash wage-push inflation. "It is clear the New Zealand economy no longer requires extreme monetary stimulus," said ANZ Bank New Zealand chief economist Sharon Zollner. "Signs of overheating are evident across the board, and the risks of a boom-bust cycle are high and rising." Governor Adrian Orr unexpectedly ended quantitative easing last month, a sign that the RBNZ was already concerned about the potential for overheating from its stimulus settings. Since then, unemployment has tumbled to 4 per cent and private wage gains have surged to a 13-year high. New Zealand is set to be first to move ...

UK employers have strongest hiring plans in over 8 years: Survey

LONDON (REUTERS) - British employers plan to increase staff numbers by the most in more than eight years over the coming months and few intend to make staff redundant when government furlough support ends next month, a survey showed on Monday. The quarterly survey by Britain's Chartered Institute of Personnel and Development (CIPD) added to signs of labour market shortages as the economy emerges from the coronavirus pandemic, though it offered less evidence of wage or inflation pressures. The CIPD said the net employment intentions balance - the difference in percentage points between employers who are hiring and those cutting staff - rose to +32 from +27 three months earlier, its highest since the survey began in early 2013. CIPD labour market economist Jonathan Boys said: "Employers are very optimistic, indicating strong recruitment intentions, and redundancy expectations appear much lower than originally predicted during the pandemic." Only 13 per cent of employers plan to make staff redundant, down from 33 per cent a year ago when there were much greater fears that a premature end to government furlough support would create a spike in unemployment. Earlier this month, the Bank ...