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Activation Group Reports Significant Improvement in Its 2021 Interim Results

indie
4 minutes

HONG KONG, Aug 3, 2021 - (ACN Newswire via SEAPRWire.com) - Activation Group Holdings Limited ("Activation" or the "Company", collectively, the "Group", stock code: 9919), a provider of integrated marketing solutions in Greater China, is pleased to announce its unaudited 2021 interim results. The Group has achieved a significant improvement, with revenue increasing substantially by approximately 436.5% to RMB385.2 million and profit to RMB38.5 million (2020 Interim: loss of RMB20.0 million). Profit attributable to owners of the Company was RMB35.5 million (2020 Interim: loss of RMB19.3 million). Basic earnings per share were RMB4.80 cents, compared with a loss per share of RMB2.47 cents in 2020 Interim.The Board has declared the payment of an interim dividend of HK1.03 cents and an interim special dividend of HK6.93 cents for the six months ended 30 June 2021 (2020: nil).Due to the rapid rise in luxury consumption in mainland China and the recovery of the Hong Kong market, the Group's Experiential Service experienced exponential growth. Revenue generated from associated services has significantly increased by 1,286.5%, rising from RMB20.0 million in 2020 Interim to RMB277.3 million...

SeaPRwire

Four in five tenants and workers at Jurong Fishery Port are fully vaccinated: Grace Fu

aseanpr
2 minutes

SINGAPORE - Around 80 per cent of tenants and workers at Jurong Fishery Port are fully vaccinated, with 88 per cent having received at least one dose, said Minister for Sustainability and the Environment Grace Fu on Tuesday (Aug 3). During a visit to the port in the morning, she noted that the vaccination rate at the port is high and urged all tenants and workers there to get vaccinated. She said: "All the stallholders who are back, have been tested negative, and they have been put on routine regular testing of seven days, and all trade visitors, similarly, have been tested negative before they're allowed to come in." The wholesale market at Jurong Fishery Port is the centre of the largest active Covid-19 cluster here with 1,072 cases as at Monday noon. The outbreak led to cases emerging in 43 markets and food centres around Singapore. Ms Fu, who visited the port together with Minister of State for Sustainability and the Environment Desmond Tan, said tenants of the port were progressively opening their stalls and adapting to the enhanced safe management measures that were put in place for its reopening. The port reopened at 3pm on July 31, after being closed for two weeks, during w...

SeaPRwire

NParks working with town councils to stop use of poison in wildlife control measures

aseanpr
3 minutes

SINGAPORE - The National Parks Board (NParks) is working with town councils to stop the use of poison in animal control measures. Senior Minister of State for National Development Sim Ann told Parliament on Tuesday (Aug 3) that NParks does not use poison in its efforts to control pest birds. "NParks is also working with the town councils to encourage them to move away from the use of toxins and to adopt animal control measures and practices that are humane and safe," she said. Ms Sim was responding to questions from Mr Louis Ng (Nee Soon GRC), who asked if NParks could stop the practice of poisoning wild animals as it is often not only members of the target species that die. "There's a huge knock-on effect. Just recently, Acres rescued a white-bellied sea eagle which had consumed the poisoned wildlife," Mr Ng said, referring to the non-governmental organisation, the Animal Concerns Research and Education Society (Acres). "Thankfully, it has recovered and was released back into the wild but there are many cases where cats, dogs and other animals consume the poisoned animal and subsequently dies. "So can I ask whether we can stop this practice? Not have measures in place during the p...

SeaPRwire
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Legal protection available for minors affected by media coverage that identifies them

aseanpr
4 minutes

SINGAPORE - The Children and Young Persons Act (CYPA) offers legal recourse to minors 18 and under who may be affected by media coverage of events involving them, such as the publishing of information that reveals their identity. Parliamentary Secretary for Communications and Information Rahayu Mahzam told the House this on Tuesday (Aug 3) in response to questions from Workers' Party MP He Ting Ru (Sengkang GRC) on media guidelines for approaching minors in the wake of traumatic incidents. Most recently, media coverage of a July tragedy at River Valley High School - where a Secondary 1 student was allegedly killed by a Sec 4 student on campus - drew criticism in some quarters, including from the school's students themselves who shared accounts of journalists being intrusive. Ms Rahayu noted that the Attorney General's Chambers (AGC) has reminded mainstream media about legal protections accorded to minors, as part of the CYPA. Under the Act, no one is allowed to publish or broadcast information that identifies - even inadvertently - any person below 18 years old who is involved in any court proceedings, including as a witness. "If any mainstream or online media, or for that matter a...

SeaPRwire
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Hong Lim, Chong Boon markets reopen, hawkers ask for easier grant disbursement

aseanpr
6 minutes

SINGAPORE - Some food sellers just emerging from their two-week quarantine are calling for easier access to financial compensation, having had to throw away much of their fresh ingredients and lost significant revenue due to mandated stall closures. They said the online application process - which should give them $100 for each day they are forced to shut - is too complicated. Many also did not know how to start or where to go online. Money should be more quickly dispensed to them, especially when whole food centres are being closed due to the cluster linked to Jurong Fishery Port, they said. The Straits Times was at the markets and food centres at Hong Lim and Chong Boon, which reopened on Tuesday (Aug 3) to crowds that were far from what they were before. At both, footfall was sparse and some stallholders chose not to reopen until after the National Day long weekend, due to the difficulty of getting fresh seafood. Others were waiting for more regular patrons to be aware that they are now reopened. Madam Yeo, 58, who wanted to be known only by her last name, was at Hong Lim to disinfect her roast meat stall before she reopens later in the week. She said she wanted to keep her stal...

SeaPRwire

800 more interim rental flats under HDB scheme but qualifying household income capped at $7,000

aseanpr
5 minutes

SINGAPORE - An additional 800 interim rental Housing Board flats will be set aside for families affected by Build-To-Order (BTO) construction delays, but there will be stricter eligibility criteria for those wishing to apply for these units. To apply for a unit under the Parenthood Provisional Housing Scheme (PPHS) from Wednesday (Aug 4) onwards, the household combined monthly income cannot be more than $7,000, said the HDB on Tuesday. The income reflected at the point of sales application for the BTO flat will be the basis for consideration, said HDB. Households whose incomes have fallen to $7,000 and below since their sales application may contact HDB directly. The household income ceiling is to ensure that the flats, which are highly subsidised, are allocated to those who are less able to afford renting a flat on the open market, said HDB. The PPHS provides interim housing to households awaiting the completion of their BTO flats with units allocated by ballot. Rents range from $400 for a two-room flat in Marsiling, $600 for a three-roomer in Hougang and $1,500 for a four-room unit in Tiong Bahru. Priority will be given to married couples with children aged 18 and under in the se...

JCN Newswire
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Showa Denko Revises Forecast of Consolidated Performance and Records Extraordinary Loss

ruth
4 minutes

TOKYO, Aug 3, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) announces that it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2021 and that for the full year ending on December 31, 2021, both of which were announced on July 8, 2021. SDK also announces that it will record extraordinary loss.1. Revision of forecast of consolidated business results for January 1 - June 30, 2021(1) Revised forecast of consolidated business results for January 1 - June 30, 2021Please see www.sdk.co.jp/assets/files/english/news/2021/20210803_sdknewsrelease_e.pdf(2) Reasons for the revisionNet sales hovers around the level of the previous forecast. However, operating incomes of all segments except the Others segment are expected to increase. Especially in the Showa Denko Materials segment, operating income is expected to increase due to a continuously tight supply-demand situation regarding its semiconductor related business. Also in the Petrochemicals segment, operating income is expected to increase due to higher-than-expected product prices resulting from a rise in raw naphtha price. As a result, our ordinary income is ...

ACN Newswire
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The GBA Annual Achievement Awards

indie
2 minutes

Washington, D.C., Aug 3, 2021 - (ACN Newswire via SEAPRWire.com) - In April 2019, during the Guatemalan election, the people of Guatemala suspected that voting fraud had occurred. Since additional elections were scheduled for August 2019, citizens wanted assurance that there would be no fraud in the next election. That was the impetus for Fiscal Digital, a Guatemalan citizen volunteer organization, to utilize a public immutable blockchain for their elections. Against overwhelming opposition, the Organizer of Fiscal Digital, Carlos Toriello Herrerias, was successful in implementing a blockchain-based voting solution in Guatemala. Carlos was the winner of last year's GBA Annual Achievement Award for Courage.The Government Blockchain Association (GBA) is pleased to announce that the 2021 Annual Achievement Awards will be happening live in Washington DC, (9/30/2021) as part of Government Blockchain Week. Four awards will be presented in the areas of Leadership, Innovation, Social Impact and Courage. Nominations of individuals deploying exceptional blockchain use will come from around the globe. From securing land titling records, to self-sovereign medical records, to immutable and veri...

SeaPRwire

Asia’s mobility industry is driving into the future

elean
1 minute

SINGAPORE - Once a niche sector for investors, the global pandemic has lit a fire under the sustainable investing market. Inflows into environmental, social and corporate governance (ESG) exchange-traded funds are already up over 80 per cent this year from last year - itself a landmark year for ESG investing. 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

South Korea’s inflation quickens as central bank mulls rate hike

elean
2 minutes

(Bloomberg) - South Korea's inflation unexpectedly climbed in July as the central bank prepares to meet on rates amid the nation's worst coronavirus outbreak yet. Consumer prices rose 2.6 per cent from a year earlier, accelerating from a 2.4 per cent pace the prior month, the statistics office reported Tuesday. Economists had expected the rate to stay at June's level. The pickup in inflation comes as a recent surge in virus infections to over 1,000 new cases a day and tougher social distancing rules cloud the outlook. Bank of Korea Governor Lee Ju-yeol has signalled he's preparing to raise rates to prevent asset bubbles from worsening, but he's also said the timing depends on the virus situation. The BOK meets on Aug 26 for a rate decision. Headline inflation has now exceeded the central bank's mid-term goal of 2 per cent every month since April, pushed up partly because of the comparison with last year's dismal figures. The BOK sees price gains fluctuating around its target for the rest of the year before sliding lower in 2022. A report last week showed Korea's growth slowed last quarter from its speedy pace at the start of the year, but the central bank made clear it still sees t...

SeaPRwire

Tesla’s India plans dealt blow as minister rules out tax cut

elean
4 minutes

(BLOOMBERG) - India said it has no plans to cut import duties on electric vehicles (EVs), weeks after Tesla appealed to the government to slash taxes, and its billionaire chief Elon Musk floated the possibility of a local factory once it starts selling wholly built units from overseas in the world's second-most populous nation. "No such proposal is under consideration in Ministry of Heavy Industries," Junior Minister Krishan Pal Gurjar told Parliament on Monday, referring to the ministry in charge of making policies for the auto industry. He added that the government is, however, taking steps to promote the use of EVs by lowering domestic taxes and adding charging stations. The reply to lawmakers may be perceived as part of the tug-of-war between Prime Minister Narendra Modi's administration, which wants to boost local manufacturing, and Tesla, which is urging India to allow it to import cars more cheaply before it commits to setting up a factory in the country. Tesla last month wrote to the transport and industry ministries requesting them to cut import duty on EVs to 40 per cent from the current range of 60 per cent to 100 per cent, Bloomberg News had reported. A Tesla factory to...

SeaPRwire

Sanofi offers to buy US biotech, mRNA partner Translate Bio: sources

elean
3 minutes

PARIS (REUTERS) - Sanofi has offered to buy US biotech company Translate Bio, two sources familiar with the situation said on Monday, as the French drugmaker bets on next-generation mRNA technology after setbacks in the Covid-19 vaccine race. Shares in the New York-listed biotech company soared more than 70 per cent to above US$50 in extended trading, building on the big gains in the stock as investors have piled in to the sector amid a rush to develop vaccines and treatments to tame the pandemic which has killed 4.3 million and roiled the global economy. An offer for all Translate Bio shares had been made to the US group's shareholders, the sources said. The persons declined to be identified due to the confidentiality of the talks. Translate's board was expected to meet on Monday to discuss the offer, one of the sources said. The second source said Sanofi's directors had met on Sunday to discuss the potential deal. A spokeswoman for Sanofi declined to comment and Translate Bio did not respond to requests by email and phone for comment. Financial terms of the offer were not known. Translate Bio's market value has soared fivefold since the start of the pandemic, to about US$2.2 bill...

SeaPRwire

JPMorgan faces regulatory requests over message preservation

elean
2 minutes

(BLOOMBERG) - JPMorgan Chase & Co, which rattled employees earlier this year by ordering them to save work-related messages on their personal phones, said regulators have been asking questions about how it preserves records. The largest US bank has been responding to requests for information "concerning its compliance with records preservation requirements in connection with business communications sent over electronic messaging channels that have not been approved by the firm," JPMorgan said in a regulatory filing Monday. The company is engaged in "certain resolution discussions", but there's no guarantee that the talks will result in a resolution, according to the filing. JPMorgan declined to comment beyond the filing. As Wall Street sent most employees to work from home at the onset of the Covid-19 pandemic last year, the question emerged of how securities firms would maintain their tight grip on employee communications as required by regulators - even prompting an industry-wide alert from the Securities and Exchange Commission's inspections unit. Earlier this year, JPMorgan ordered traders, bankers, financial advisers and even some branch employees to sift through years of mess...

ACN Newswire
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SCCG Management and Data Sports Group Partner to Deliver Sports Content and Analytics to the Media Industry

indie
2 minutes

LAS VEGAS, NV, Aug 2, 2021 - (ACN Newswire via SEAPRWire.com) - Stephen Crystal, Founder of SCCG Management, announced the completion of an agreement with Sowbhagya Shetty, CEO of Berlin, Germany based Data Sports Group (DSG), for a strategic consulting and business development in the US media markets.DSG provides highly accurate and consistent data for a wide number of traditional sports and esports events. Media publishers can unlock new commercial opportunities and revenue streams while readers get access to well-structured and compelling sports sections that bring editorial together with data & insights.Said Crystal on the announcement, "We are excited to be able to bring this powerful suite of content and analytics for traditional sports and esports to cable and television, mobile, web, and OTT media companies. The ability to deploy automated, AI-driven video with data and analytics is a powerful capability, which we can now easily deploy through DSG."DSG provides highly accurate and consistent data for a wide number catalogue of sports and esports events. Media publishers can unlock new commercial opportunities and revenue streams while readers get access to well-structur...

ACN Newswire
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Straits receives approval from Marine Department to commence operation for Asia’s Largest STS Energy Transhipment Hub in Labuan

indie
3 minutes

KUALA LUMPUR, Aug 2, 2021 - (ACN Newswire via SEAPRWire.com) - Straits Inter Logistics Berhad ("Straits" or "Company"), a Bursa Malaysia Listed Company, announced today that Victoria STS (Labuan) Sdn Bhd ("Victoria STS") had received approval from Marine Department Malaysia on 30 July 2021 to commence operations to develop an integrated offshore Ship-to-Ship Transhipment Hub. The Company has mobilized its resources and infrastructure in preparation to commence operation of the STS Transhipment Hub in the coming fourth quarter 2021.Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits.Concurrently, Victoria STS has also on 30 July 2021 received approval from Marine Department Malaysia on the Marine Risk Assessment ("MRA") in accordance with the terms of reference of MRA. The assessment was done as part of the requirements to be complied before 8 January 2022 to develop an integrated offshore Ship-to-Ship ("STS") Energy Transhipment Hub within the port limits of Victoria Bay.The Company expects to commence and complete the development of the STS Energy Transhipment Hub which includes setting up the key facil...

JCN Newswire
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Operations Poised to Begin at “Mitsubishi Heavy Industries Maritime Systems”

ruth
2 minutes

TOKYO, Aug 2, 2021 - (JCN Newswire via SEAPRWire.com) - As reported earlier, Mitsubishi Heavy Industries, Ltd. (MHI) concluded an agreement in March with Mitsui E&S Holdings Co., Ltd. under which MHI will take over the Naval and Governmental Ships business of Mitsui E&S Shipbuilding Co., Ltd. A decision has now been taken to name the new business entity "Mitsubishi Heavy Industries Maritime Systems Co., Ltd." The new company's operational launch date will be announced after receipt of the results of the review currently underway by the Japan Fair Trade Commission (JFTC).With inauguration of the new business company, MHI and MHI Maritime Systems will integrate their respective technological strengths and expertise in a concerted drive to expand their product lineups in naval vessels and governmental ships, enhance their product development capabilities, and improve production efficiency. In particular, the two partners will combine their accumulated resources in technologies of manpower savings and unmanned vehicles in the maritime sphere, areas of growing importance in recent years. This will strengthen their development and engineering capabilities and accelerate market la...

ACN Newswire
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王朝预期2021年上半年收入同比近翻倍至1.7亿多港元

tallulah
1 minute

HONG KONG, Aug 2, 2021 - (亚太商讯 via SEAPRWire.com) - 中国优质葡萄酒生产商王朝酒业集团有限公司(股份代号：828)今日根据最新未经审核综合管理账目资料发布盈利预告更新，预期截至2021年6月30日止6个月(「本期间」)之综合收入约达1.7亿多港元，与去年同期比较，增长约90-100%，综合溢利介乎1,000万港元至2,000万港元。王朝在本期间收入明显增加，主要归因于三大因素。首先，随着新型冠状病毒疫情于中国受控，政府放寛对消费场所的限制，消费场景及消费意欲恢复，加上经济（尤其是内需方面）增长，令销售复苏。其次，与去年同期相比，本期间品牌及产品升级后，中高端葡萄酒产品销售上升。此外，收入增加亦受益于本期间内集团的销售团队加强与经销商合作及经销商于节庆前进货，这也反映了集团于营销改革后取得阶段性成果。去年同期王朝出售酒堡及相关设施录得约1.84亿港元之非经常性收益，并因实施雇员改革计划录得非经常性雇员赔偿约1,330万港元，使集团去年同期的未经审核综合溢利达到1.426亿港元。倘撇除此两项非经常性收益及支出的影响，去年同期集团的经调整综合亏损约2,780万港元，本期间的综合溢利则预计将录得约1,000-2,000万港元，较去年同期大幅改善，成功扭亏为盈，主要由于中高端葡萄酒产品销售增加和毛利率改善。2021年，王朝在产品、销售渠道及市场方面调整布局，取得了显著的成效。在产品策略方面，王朝结合自身的优势和市场需求，进一步落实「5+4+N产品战略」，透过五大主线系列 (包括干化系列、七年藏系列、梅鹿辄系列、经典系列及畅销系列)覆盖所有主流价位，以干红、干白、白兰地、起泡酒四大优势品类提升市场份额，同时通过定制产品满足消费者多元化的需求。为推广新产品，王朝于今年1月举行了首场锦邑白兰地系列新品招商品鉴会，以及于4月参加了成都举行的春季糖酒会，大力推广其最新产品矩阵，获得市场的热烈反应。今年6月，集团再为王朝典藏系列产品升级焕新举行了上市发布会，升级后的王朝典藏系列包含八款产品，价格进一步覆盖大众消费主流价格市场。 在市场营销方面，王朝加强了品牌推广及广告投入，于今年3月开始以王朝冠名高铁列车，主要覆盖江浙沪核心地区等重点市场，并通过在这些地区的终端以及京东旗舰店、天猫旗舰店等线上线下的销售渠道联动营销，在全国销售范围内进行营销活动。同时，王朝持续深耕烟酒专卖店、商超、餐饮、社群圈层四个渠道，并通过灵活的互动形式和主题性参与活动、意见领袖推广、内容营销等打通社群圈层，实现渠道的多元化和互通互联。此外，王朝亦在今年7月进一步扩展了沿海干白战略范围，不再局限于沿海城市，以华南为主向全国18个城市扩散，以品鉴会、赠饮、陈列等多种形式，系统性、大规模地推广王朝的干白葡萄酒。于今年上半年，王朝透过有效的策略调整和强大的执行力，成...

ACN Newswire
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Dynasty expects revenue to nearly double year-on-year to over HK$170 million in the first half of 2021

indie
5 minutes

HONG KONG, Aug 2, 2021 - (ACN Newswire via SEAPRWire.com) - Dynasty Fine Wines Group Limited (Stock Code: 828), a premier winemaker in China, today issued a profit alert update based on its latest unaudited consolidated management accounts. The Group expects to record a year-on-year increase in consolidated revenue of approximately 90% to 100%, reaching more than HK$170 million for the six months ended 30 June 2021 ("the Period"). The consolidated profit for the Period is expected to be between HK$10 million and HK$20 million.The significant increase in Dynasty's revenue during the Period was mainly attributable to three factors. Firstly, as the COVID-19 pandemic has gradually been brought under control in China, the government has relaxed the restrictions on consuming places, which has boosted the resumption of consumption occasions and consumer sentiment, as well as the growth in economy, particularly in domestic demand, which led to recovery of sales. Secondly, compared with the same period last year, sales of medium to high end wine products increased during the Period following the Group's upgrade of its brands and products. Thirdly, the Group's sales team strengthened its coo...

JCN Newswire
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MHI to Issue the Second Series MHI Green Bond

ruth
2 minutes

TOKYO, Aug 2, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Director-General of the Kanto Local Finance Bureau in preparation for its planned issuance of a corporate green bond in the Japanese market. This will be the Company's second issuance of this kind, following issuance of the heavy industry sector's first green bond in 2020.In 2020, MHI identified five components of "materiality": topics which the Company should address with high priority in order to help solve major social issues and simultaneously enable its sustained growth long into the future. Among the five topics is to "provide energy solutions to enable a carbon neutral world." In its "2021 Medium-Term Business Plan," which covers the three years starting FY2021, this materiality issue has been reflected by designating "Energy Transition" solutions as a central growth engine, committing the Company to focus investments into products and services that will contribute to decarbonization in power generation and other fields.Through issuance of green bonds, MHI Group will diversify its means of procuring funds as it also pur...

JCN Newswire
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SPARX Group to Establish “Mirai Creation Fund III”

ruth
2 minutes

Toyota City, Japan, Aug 2, 2021 - (JCN Newswire via SEAPRWire.com) - SPARX Group Co., Ltd. ("SPARX") has established the Mirai Creation Fund III ("Fund III"). The two seed LPs for the Mirai Creation Fund II ("Fund II"), Toyota Motor Corporation ("Toyota") and Sumitomo Mitsui Banking Corporation ("SMBC"), are to participate again as initial investors in Fund III. In addition to the five (5) categories of Intelligent Technology (e.g. artificial intelligence), Robotics, Technologies for a Hydrogen-Powered Society, Electrification, and New Materials that Fund II (formed in October 2018) focused on, the Mirai Creation Fund III mandate also will include global companies that provide solutions that promote carbon neutrality.An outline of the new fund is listed below.1. Basic Principles- To help accelerate innovation by investing in enterprises that possess technologies capable of leading growth for future generations- To build a portfolio of promising businesses, and realize the potential of technologies and ideas that can transform the future by promoting them on a global scale- To contribute to a sustainable future by promoting carbon neutrality2. Target Technology Areas- Fund III aims ...