ACN Newswire
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Onomy Protocol Opens the Door For Institutions To Take On DeFi

indie
4 minutes

CASPER, WYO, Jul 24, 2021 - (ACN Newswire via SEAPRWire.com) - Onomy Protocol has recently announced plans to open the world of Decentralized Finance (DeFi) to traditional Centralized Finance (CeFi) operators with its ambitious cross-chain stablecoin infrastructure. Institutions worldwide are looking to tap into blockchain's edge on secure, trustless, and quick transactions. Financial entities are aware there is a Great Financial Migration currently underway, but they face significant stumbling blocks as they move their currency operations on-chain. Goldman Sachs' Crypto Trading Desk is one of the first forays into blockchain by a major bank, with private entities like Fidelity Investments providing enterprise-grade custody and execution services for institutional investors. Likewise, JPMorgan has just announced plans to give wealth clients direct access to crypto funds.Despite the acknowledgement of the promising underlying technology, volatility is cited as the primary concern holding back traditional institutions. This has led to the proliferation of 'stablecoins' that are digital crypto tokens pegged to major national currencies, enabling access to decentralized finance and cry...

SeaPRwire
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Reimagining Singapore: How the city might look like in the future

aseanpr
2 minutes

Keep S'pore flexible with 24-hour nodes, creative use of space for evolving needs Singapore is changing its approach to long-term planning. Rather than deciding the development needs of future generations for them, the Government is now setting a path for them to make land use decisions for themselves, when the timing is right. To facilitate this process, the nation's latest review of its long-term land use plans will focus on flexibility and developing options - a shift away from generating a single concept plan, which has been the product of each of four such reviews since 1971. Keeping plans flexible and adaptable will help future generations cope with the uncertainties to come, said National Development Minister Desmond Lee on July 17 at the launch of a year-long public consultation for the review. READ MORE HERE Connectivity, safety key in planning for S'pore's silver population Preparing for a greying population is more than just installing handrails and ramps in homes and outdoor spaces, as clever land use planning can play a big role in supporting active ageing. Easy access to amenities such as medical facilities, retail outlets, community centres and green spaces is one wa...

SeaPRwire

Designing S’pore’s future: Integrate nature with built environment as climate shifts

aseanpr
5 minutes

SINGAPORE - Singaporeans living with the reality of temperatures creeping upwards can take comfort that mitigating the impact of climate change may not require drastic changes to land use, but can be achieved by using land efficiently in integrating nature with the built environment. The role of vegetation in cooling and shading can only become more relevant in time to come as the planet warms, said conservation scientist Roman Carrasco from the National University of Singapore (NUS). Greenery can be intensified on rooftops and building facades, for example, so that scarce land resources can be put to multiple purposes, he said. Singapore's vision of becoming a City in Nature, which can be achieved by softening urban infrastructure and re-establishing ecological connections within the city, and the Singapore Green Plan 2030 will help mitigate the impact of climate change, said experts. Another inevitable impact of climate change, sea-level rise, means the island republic must look for ways to guard its coastline. One of these is to have multi-functional coastal protection methods that provide recreational opportunities and are integrated with existing natural defences such as mangr...

SeaPRwire

Dow ends above 35,000 for first time as US stocks hit records

elean
2 minutes

NEW YORK (AFP) - US stocks rocketed to fresh records on Friday (July 23), with the Dow finishing above 35,000 for the first time, in anticipation of more blowout earnings next week after this week's positive round of results. All three major indices finished the week at records, with the Dow Jones Industrial Average surging 0.7 per cent to close at 35,061.55. The broad-based S&P 500 jumped 1 per cent to end at 4,411.79, while the tech-rich Nasdaq Composite Index also rose 1 per cent to 14,836.99. The records marked a sharp reversal from the sentiment at the start of the week, when the Dow suffered its worst session of 2021 amid worries over rising infections of the Delta variant of the coronavirus. But Maris Ogg of Tower Bridge Advisors said many of the companies that reported this week were upbeat about the outlook and not overly worried about the Delta variant. "It's encouraging that we are making new highs in the middle of the earnings season," Ogg said, adding that the underlying demand growth in a reopening economy remains strong. Companies with especially strong gains following reports Friday included the social media companies Snap, up 23.8 per cent and Twitter, up 3.1 per c...

ACN Newswire
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Plato Data and Blockleaders Partner to Leverage Plato’s W3 Blockchain Platform

indie
3 minutes

Washington, D.C., Jul 23, 2021 - (ACN Newswire via SEAPRWire.com) - Plato Technologies Inc., the provider of the industry-leading blockchain intelligence platform Plato, has partnered with Blockleaders.io, the leading crypto and blockchain news and interview platform, to offer quality updates and blockchain focused data across both platforms.Marketing expert Lisa Gibbons, associate with Blockleaders.io says the partnership with Plato Technologies will allow the news platform to extract the most up to date crypto and blockchain intelligence to leverage the data in real-time and give readers access to the latest industry insights.Blockleaders is a crypto focused interview and news platform, founded in 2018, that has featured some of the most exciting leaders in crypto and blockchain including the late John McAfee, Andreas Antonopolous, President Vit Jedlicka, Stefan Rust, Richard Ells, Joel Comm, Samson Williams, Mru Patel and Pete wood.Jillian Godsil, co-founder and editor in chief of Blockleaders, says: "Plato and Bryan are both forces of nature - it is a pleasure to work with such committed people and platforms. Plato is all about sharing data and Blockleaders is about creating it...

ACN Newswire
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卓悦(653.HK)获大股东增持超2000万股 对公司未来发展前景充满信心

tallulah
1 minute

HONG KONG, Jul 23, 2021 - (亚太商讯 via SEAPRWire.com) - 卓悦控股有限公司(「卓悦」或「集团」股票编号653.HK) 欣然表示集团主席兼大股东增持公司股份。卓悦控股主席陈健文先生于二零二一年七月二十日以平均每股0.2455港元增持20,304,000股之公司股份。增持后，陈健文先生持有本公司股份数量为2,244,195,868股，占本公司已发行股份的63.89%。作为本集团大股东及主席，陈健文先生的股份增持举动，突显了他对本集团的价值及发展前景充满信心。卓悦控股有限公司主席陈健文先生表示﹕「本人对公司未来发展前景与内在价值充满信心。集团正积极推动数字经济和实体经济的深度融合，搭建从线上到线下一体化的购物体验，布局智慧零售，由旧业态转型至新业态。卓悦着力发展电商服务，其『卓悦香港猫 HKMALL』销售平台更为中小企商户打通大湾区以至世界各地的销售渠道，助力商户快速进军全球最大的电商市场。凭借集团具前瞻性的战略布局，为股东创造最大价值。」卓悦主营 Beauty、Health & Beautiful Life 三大品类货品，打造成为生活百货及潮流时尚品连锁零售集团，结合大数据，为品牌和产品提供精准的投放和销售方案，开创「新零售+科技」的模式，实现在线线下商业融合。有关卓悦控股有限公司卓悦控股有限公司(股份代号: 653.HK)为香港领先美妆及生活消费品连锁零售集团，现于香港及澳门共设有21间线下零售店，卓悦香港猫（「 HKMALL 」）香港购物平台触达34个国家，共销售往44个中国内地及海外渠道平台，包括天猫国际、考拉、京东、Facebook、YouTube、Instagram、海淘网及微信商城等平台。卓悦现时自设KOL直播间，培育200名销售人员直播销售，现时在Facebook、YouTube、Instagram、Bonjour Global、卓悦全球购、卓悦海淘、天猫、考拉及京东共9个直播平台带货。 Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

SeaPRwire

MOF announces $1.1b support package: What you need to know

aseanpr
4 minutes

SINGAPORE - The Ministry of Finance (MOF) on Friday (July 23) announced a $1.1 billion support package to help cushion workers and businesses from the impact of phase two (heightened alert) measures in place from July 22 to Aug 18. This will be funded by reallocating underused funds and fiscal resources set aside earlier. Here are the key announcements: 1. Enhanced Jobs Support Scheme (JSS) From July 22 to Aug 18, JSS wage support will be raised to 60 per cent for sectors that are required to suspend many or all of their activities. These include food & beverage (F&B) businesses, gyms, fitness studios, performing arts organisations and arts education centres. Other significantly affected sectors will receive 40 per cent wage support. These include retail, affected personal care services, tourist attractions, licensed hotels, cruise and regional ferry operators, Mice (meetings, incentives, conferencing and exhibitions) organisers, travel agents, museums, art galleries, cinema operators and other family entertainment centres. JSS support for all these sectors will be tapered down to 10 per cent from Aug 19 to 31. 2. Rental relief for commercial properties Qualifying tenants in Govern...

SeaPRwire

Rental help for SME tenants in commercial properties

aseanpr
3 minutes

SINGAPORE - Eligible tenants on commercial properties will get additional help with rent payments, as Singapore tightens restrictions to curb Covid-19 infections in the community. Small and medium-sized enterprises (SMEs) and eligible non-profit organisations with an annual revenue not exceeding $100 million qualify for this rental relief, the Ministry of Finance (MOF) said on Friday (July 23). Qualifying tenants on Government-owned commercial properties will get a four-week rental waiver. At the same time, qualifying tenant-occupiers and owner-occupiers of privately owned commercial properties will receive a two-week rental relief cash payout under the Rental Support Scheme. These measures will offset rent for the full duration of the heightened alert phase from Thursday to August 18 for tenants on Government-owned properties, and half of the period for those on privately owned properties. The rental relief for tenants is part of a $1.1 billion support package to cushion the impact of tightened safe management measures on workers and businesses. Similar support for rent payments was earlier granted to qualifying tenants during the phase two (heightened alert) phase from May 16 to ...

SeaPRwire

One-off $500 injection for NEA-managed hawker centre and market stallholders

aseanpr
2 minutes

SINGAPORE - Hawker centre and market stallholders bearing the brunt of tightened Covid-19 restrictions will receive a one-off cash injection of $500 per stallholder, as part of relief measures announced by the Ministry of Finance on Friday (July 23). The new Market and Hawker Centre Relief Fund will be made available to all individual cooked food and market stallholders at National Environment Agency (NEA)-managed hawker centres, as well as NEA-appointed operators. The move comes after eateries were barred from letting patrons dine in from Thursday to Aug 18 in an effort to curb Covid-19 infections. The cash injection is in addition to ongoing, previously announced subsidies that are meant to take the financial pressure off stallholders, including one month of rental waivers and one month of subsidised fees for table cleaning and centralised dishwashing services. NEA is expected to announce more details. Food and beverage (F&B) businesses that have to pivot back to deliveries will also get assistance in the form of subsidised delivery costs under Enterprise Singapore's (ESG) Food Delivery Booster Package. The package, which initially ran from May 16 to July 15, will be reintroduced...

SeaPRwire

Additional $30 million financial support for taxi and private-hire car drivers to cope with Covid-19 restrictions

aseanpr
2 minutes

SINGAPORE - Taxi and private-hire car drivers will get additional financial support till end-September to help ease the impact of the latest set of tightened Covid-19 restrictions. The Land Transport Authority (LTA) said on Friday (July 23) that drivers will get an additional $10 per vehicle per day from July 22 to Aug 31. This will then be reduced to $5 per day in September. The Government is funding these measures by providing an additional $30 million to enhance the Covid-19 Driver Relief Fund. Drivers will receive the payouts through the taxi and private-hire car companies, and there is no need to make an application. The latest round of support measures doubles the payouts that drivers are currently receiving. Under an earlier round of measures in June, drivers were to get $10 per vehicle per day for 60 days from this month and $5 per vehicle per day in September. LTA said a total of $482 million had been set aside to support the taxi and private-hire car sectors since February last year. Explaining the additional support, it said taxi and private-hire car ridership is expected to decline significantly with Singapore entering the phase two (heightened alert) period from July 2...

ACN Newswire
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Central Global Continues with Proactive Business Sustainability Measures Despite Lockdown

indie
3 minutes

KUALA LUMPUR, Jul 23, 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, will continue to keep a tight rein on cashflow in order to ensure business sustainability following the government's decision to lengthen the extended movement control order ("EMCO") in certain areas of Kuala Muda, Kedah where the Group's factory is located by a further two weeks to 1 August 2021.Central Global executive chairman Dato' Faisal ZelmanCentral Global's factory, which produces masking tapes and label stocks, has been closed since 5th July 2021 given its location in Kuala Muda which is currently under the EMCO. The factory employs almost entirely locals, with several among the 170 employees having been with the Group for more than four decades.Central Global executive chairman Dato' Faisal Zelman said: "We have always been cautious about the outlook for this year given the uncertainties of further COVID-19 outbreaks and while we will continue to tap into opportunities arising from a more fragmented regional competition landscape and the sporadic local supply-cha...

ACN Newswire
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Dynafront Successfully Lists on LEAP Market of Bursa Malaysia

indie
3 minutes

KUALA LUMPUR, Jul 23, 2021 - (ACN Newswire via SEAPRWire.com) - Dynafront Holdings Berhad ("DynaFront" or the "Company"), an insurance technology specialist, made a successful debut on the LEAP Market of Bursa Securities Malaysia Berhad ("Bursa Securities") today at 23 sen per share, which was 2 sen or 9.6% higher than its offer price of 21 sen per share.L-R: DynaFront Non Independent Non Executive Director Mr. Chan Choong Wai; DynaFront Executive Director/Group Chief Operating Officer Ms. Gan Hui Ping; DynaFront Managing Director/Group Chief Executive Officer Mr. Chan Eng LimThe Company and its subsidiaries ("Group") specialises in developing and providing proprietary and customised enterprise information technology ("IT") solutions for a broad range of life insurance companies, including conventional life insurers, Takaful operators, independent corporate life insurance agencies and group assurance operations. DynaFront's solutions, offered either as proprietary software products or managed services, have been successfully deployed to markets in Malaysia, Indonesia, Singapore, Philippines, Taiwan and Hong Kong.The Group offers a comprehensive suite of software solutions extending...

JCN Newswire
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Eisai: FDA Approves LENVIMA (lenvatinib) Plus KEYTRUDA (pembrolizumab) Combination for Patients With Certain Types of Advanced Endometrial Carcinoma

ruth
5 minutes

TOKYO and KENILWORTH, N.J., Jul 23, 2021 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. and Merck & Co., Inc., Kenilworth, N.J., U.S.A. (known as MSD outside the United States and Canada) today announced that the U.S. Food and Drug Administration (FDA) has approved the combination of LENVIMA, the orally available multiple receptor tyrosine kinase inhibitor discovered by Eisai, plus KEYTRUDA, the anti-PD-1 therapy from Merck & Co., Inc., Kenilworth, N.J., U.S.A., for the treatment of patients with advanced endometrial carcinoma that is not microsatellite instability-high (MSI-H) or mismatch repair deficient (dMMR), who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation.The approval for this population is based on results from the pivotal Phase 3 Study 309/KEYNOTE-775 trial, in which LENVIMA plus KEYTRUDA demonstrated statistically significant improvements in overall survival (OS), reducing the risk of death by 32% (HR=0.68 [95% CI, 0.56-0.84]; p=0.0001), and progression-free survival (PFS), reducing the risk of disease progression or death by 40% (HR=0.60 [95% CI, 0.50-0.72]; pAdverse reacti...

ACN Newswire
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Cuentas 和 WaveMax 签署了一项独家和最终的合资协议，在 1,000 个地点在 Cuentas 遍布美国的“Bodegas”网络中提供 WiFi6 下一代专利技术的广告

tallulah
1 minute

MIAMI, FL / ACCESSWIRE, Jul 23, 2021 - (亚太商讯 via SEAPRWire.com) - Cuentas, Inc.（纳斯达克股票代码：CUEN & CUENW）（“Cuentas”）是一家领先的金融科技提供商（前 4 名金融科技），专注于西班牙裔和拉丁裔社区的移动银行、数字钱包和支付解决方案，签署了一项独家、最终的合资协议，以推出WaveMax 的 SharedWiFI6 专利技术（Wavemax Patent）在 1,000 个地点。此次推出将在纽约市大都会区开始，在纽约市有 500 个地点，新泽西州有 330 个地点，康涅狄格州有 170 个地点。该协议还包括在美国其他地区推出该服务的计划。双方将以 50/50 的比例在这 1,000 家“Bodega 商店”中安装先进的 WiFi6 接入点和小型基站。这些将成为 Cuentas 优质地点，靠近公共火车站和公共交通枢纽，并将在安全网络上提供所有 Cuentas 产品和服务。 WiFi6 服务将增强顾客在 Bodega 商店的体验，通过自动将他们连接到 SharedWiFi 高速互联网并接收店内特别优惠。 Cuentas 销售点 (POS) 位置的用户还将获得 Cuentas GPR 卡的促销和通过 Cuentas 移动应用程序销售的折扣产品。 我们的组织向市场推出的这项独特协议将允许 Cuentas 进入广告生态系统，使用主要品牌通过手机做广告，此外，Cuentas 产品和服务将受益于该数字广告平台上最惠国定价的 50% 折扣。WaveMax 的 SharedFi 专利技术允许 WiFi 接入点和小型蜂窝的共享网络。用户可以访问这个共享网络，如果他选择加入，则会受到基于位置的广告的影响。这些广告由广告商使用 WaveMAX 的仪表板配置，手动或以编程方式定位到正确的受众，在正确的时间和正确的地点。“我很自豪我们能够与 WaveMax 就他们的最先进技术签署最终协议。这是 Cuentas 首次向其公众股东宣布它能够完成这项独特的协议，我期待着将该网络扩展到 Cuentas 在全国范围内的 Bodega 网络的其余部分。 Cuentas 创始人兼临时首席执行官 Arik Maimon 说。“我们很高兴能够加强我们对 Cuentas 网络中前 1,000 家酒窖的最初承诺。我们很高兴为 Cuentas 在美国市场及其手机银行应用程序中的独特主张增加价值。 WaveMAX 首席执行官 Eduardo Velasco 说。 （共享 Wi-Fi 6 网络）“Cuentas 最近被归类为垂直技术部门（Technology Sector），我们对公司即将举行的活动感到非常兴奋，我们非常有信心 Cuentas 拥有光明的未来，”创始人兼执行副总裁 Michael De P...

ACN Newswire
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Cuentas and WaveMax Sign an Exclusive and Definitive JV Agreement for 1,000 Locations to Offer Advertising on WiFi6 Next Generation Patented Technology in Cuentas’ “Bodegas” Network throughout the USA

indie
4 minutes

MIAMI, FL / ACCESSWIRE, Jul 23, 2021 - (ACN Newswire via SEAPRWire.com) - Cuentas, Inc. (NASDAQ:CUEN & CUENW) ('Cuentas'), a leading FinTech provider (Top 4 Fintech) of mobile banking, digital wallet and payment solutions focused on Hispanic and Latino communities signed an exclusive, Definitive JV Agreement to rollout WaveMax's SharedWiFI6 patented technology (Wavemax Patent) in 1,000 locations. This Rollout will begin in the greater New York City Metropolitan Area with 500 Locations in NYC, 330 locations in New Jersey and 170 locations in Connecticut. The agreement also includes plans to roll out the service in other areas throughout the US. The parties will install advanced WiFi6 Access Points and Small Cells in these 1,000 "Bodega Stores" in a 50/50 joint venture. These will become Cuentas premium locations that will be near public train stations and mass transit hubs and will be offering all Cuentas products and services on secure networks. The WiFi6 service will enhance the customer experience while in the Bodega store, by automatically connecting them to SharedWiFi high speed internet and receive special in-store offers. Users at Cuentas Points of Sale (POS) locations wi...

SeaPRwire

Australia’s Star scraps $12 billion merger plan with Crown Resorts

elean
2 minutes

SYDNEY (REUTERS) - Star Entertainment Group said it has withdrawn its all-stock proposed takeover of larger rival Crown Resorts, valued at A$9 billion (S$9 billion), on Friday (July 23) over worries Crown may lose its licence to run its Melbourne casino. Australia's No.2 casino operator said it still believes in the benefits of a deal, but was worried issues raised at an inquiry looking into Crown's Melbourne casino could impact the embattled company's value. Crown said in a statement it remains willing to engage with Star, and will continue to consider any proposal it receives. An ongoing inquiry was told on Tuesday that Crown should be stripped off its gambling licence for the Melbourne resort, whose casino generates about three quarters of the company's profit, due to insufficient efforts to reform its culture. Star's decision removes a lifeline for Crown which has been trying to convince regulators it can rebuild its culture after an earlier inquiry in February found it allowed money laundering on its premises for years and declared the company unfit to open a just-built casino in Sydney. That inquiry, along with venue closures due to Covid-19 lockdowns, sent Crown's shares low...

SeaPRwire

China crypto miners plot their next moves to evade crackdown

elean
4 minutes

BEIJING (BLOOMBERG) - The title of the forum was arcane even by cryptocurrency standards: Web 3.0 Blockchain Application Cum Computing Power Overseas and Distributed Storage Conference. But attendees of the event in Chengdu, China, were clear about why they turned up in the middle of a government crackdown on Bitcoin mining. They are looking for ways to stay in crypto, even if it means testing their luck in lesser-known parts of the ecosystem that may or may not incur the wrath of Beijing. While plenty of miners have fled China, these crypto diehards are betting they can continue to thrive under Communist Party oversight by shifting into lesser-known tokens and decentralised storage technologies with names like Filecoin, Swarm, Silicoin and Chia. It is a high-risk wager at a time when President Xi Jinping's government is ramping up scrutiny of energy-intensive industries and anything that could pose a risk to financial stability. Filecoin is a "grey area business that hasn't yet caught regulators' attention", said Tom, who works for a Shanghai-based firm that makes mining machines. Like many of the people interviewed for this story, he asked not to use his full name given the sensi...

SeaPRwire

Trendlines shelves plans to dual-list on Tel Aviv bourse

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Singaoire-listed The Trendlines Group said on Thursday (July 22) that it will drop its plan for a proposed dual primary listing and securities offer on the Tel Aviv Stock Exchange (TASE) in Israel. In an exchange filing, the Israel-based company said that it made the decision following "further assessment of various factors, including prevailing general economic and capital market conditions which were not favourable to the company". It added: "Notwithstanding the discontinuation of the proposed TASE listing at this time, the group will continue to assess all avenues and opportunities to support the growth of the group, with the aim of enhancing long-term shareholder value." Trendlines, which is an investor in early-stage companies, had previously announced in April that it was pursuing a dual primary listing in Israel, which it said will be beneficial for the company, and is in the interest of shareholders. Trendlines chief executives previously told The Business Times in an interview that there is greater familiarity in Israel than Singapore for companies with similar business models. The company had also said in April that it expected institution...

SeaPRwire

Intel raises full-year sales forecast, but supply constraint woes send shares down

elean
3 minutes

SAN FRANCISCO (REUTERS) - Intel raised its annual revenue forecast above Wall Street expectations on Thursday (July 22), but chief executive Pat Gelsinger said the outlook for the chipmaker was still "supply constrained" and that it could take the industry two more years to catch up with rising chip demand. Paired with a third-quarter sales forecast that just cleared analyst estimates, the results sent shares down 2.8 per cent in after-hours trading after the results. Intel, one of the few remaining companies in the processor chip industry that both designs and manufactures its own chips, has been able to weather the supply chain woes better than some rivals and is also working to build a business of making chips for others, called a "foundry" business. Mr Gelsinger declined to comment on a recent report that Intel is looking to buy GlobalFoundries for US$30 billion (S$41 billion) to bolster its foundry efforts, but told Reuters that he expects industry consolidation to continue and that "(mergers and acquisitions) will remain a part of our strategy" for building the company's foundry business. Intel said it now expects annual adjusted revenue of US$73.5 billion, compared with its ...