SeaPRwire

BTO flat buyers affected by Covid-19 construction delays may be able to cancel booking without penalties

aseanpr
5 minutes

SINGAPORE - Home buyers affected by Build-To-Order (BTO) construction delays may be able to cancel their flat booking without penalties. They can appeal, and the Housing Board will consider each case depending on the individual circumstances. For instance, there could be buyers hoping to cancel their BTO booking to get a resale flat to meet urgent housing needs, the Ministry of National Development (MND) said in various written parliamentary replies on Monday (July 5). "We recognise the challenges faced by flat buyers given the Covid-19 situation and HDB will consider waiving forfeiture based on an assessment of the flat buyers' specific circumstances," said MND. Typically, buyers who cancel their flat booking will have to forfeit either their option fee which ranges from $500 to $2,000, or the 5 per cent of the flat purchase price paid in advance, depending on which stage of the process they are in. In addition, they have to wait out a one-year period before they can apply for another subsidised unit, either BTO or a resale flat with grants. "These measures are in place to ensure that buyers are serious when they buy a flat and do not deprive others with urgent housing needs of th...

SeaPRwire

Samsung Electronics says Q2 profit likely rose 53%, topping estimates

elean
1 minute

SEOUL (REUTERS) - Samsung Electronics said on Wednesday (July 7) its second-quarter operating profit likely jumped 53 per cent, beating analysts' estimates, as strong chip prices and demand lifted earnings. The world's largest memory chip and smartphone maker said profit for the quarter ended June 30 was likely 12.5 trillion won (S$14.8 billion), above a Refinitiv SmartEstimate of 11.3 trillion won drawn from 20 analysts. Revenue rose an estimated 19 per cent from the same period a year earlier to 63 trillion won, Samsung said in a short preliminary earnings release. It is due to release detailed earnings later this month. Profits at Samsung's chip division likely jumped by a fifth or more from a year earlier, analysts said, helped by strong memory-chip prices and demand for consumer electronics and from data centre customers. More on this topic Related Story Samsung windfall gives richest South Korean woman US$7 billion fortune Related Story Global chip shortage hits Apple, Samsung and Ford as crisis worsens

SeaPRwire

Didi handed bosses stock options worth billions before IPO

elean
3 minutes

NEW YORK (BLOOMBERG) - Didi Global handed a group of senior executives and board members a sweet perk in the weeks before its initial public offering: shares worth billions of dollars. The gift came in the form of stock options, free from the usual four-year vesting restriction and with a strike price Didi described in regulatory filings as "nominal". That means the recipients are able to convert them into normal shares at almost no cost and sell them once the six-month lockup period expires. The grants, which were disclosed in a June 28 amended version of its registration statement, may add another source of consternation for investors on Tuesday (July 6) after Chinese regulators stepped up scrutiny of the ride-hailing giant and ordered that it must be removed from app stores in its home market, sending the stock down more than 20 per cent during the day. Didi said in the filing that it issued 66.7 million options in the second quarter to an unspecified number of senior leaders. Of those, 63.5 million vested immediately. The vested options were worth as much as US$3.1 billion (S$4.2 billion) as at 2.42pm in New York, according to calculations by Bloomberg News. That is down from U...

SeaPRwire

Temasek-backed e-commerce start-up ManoMano tops $3.5b valuation after new fundraising

elean
2 minutes

PARIS (REUTERS) - French online home improvement retailer ManoMano reached US$2.6 billion (S$3.5 billion) in valuation after a US$355 million fund-raising led by investment firm Dragoneer, it said on Tuesday (July 6). San Francisco-based Dragoneer has previously invested in well-known digital companies such as Airbnb, Slack Technologies and Spotify. Other shareholders that participated in the fund-raising include Singapore's Temasek, General Atlantic, Eurazeo, Bpifrance, Aglae Ventures, Kismet Holding and Armat Group, ManoMano said. ManoMano had already reached so-called "unicorn" status - for companies valued at more than US$1 billion - last year via a previous US$125 million fundraising, its co-founder Christian Raisson said in a call. Lockdowns during the Covid-19 pandemic fuelled demand for do-it-yourself home improvement products, and the trend is here to stay, with no sign of the market growing saturated, Mr Raisson added. ManoMano's latest fund-raising brings the total amount raised by the company to US$725 million since its creation in 2013, it said. It disclosed neither the financial terms of its fund raisings nor its shareholding structure. ManoMano competes against large...

SeaPRwire

Nasdaq sets new record in otherwise down day for US stocks

elean
2 minutes

NEW YORK (AFP) - A post-holiday pall fell on US stocks on Tuesday (July 6) even as the Nasdaq eked out a new record close amid slightly underwhelming data and the failure of Opec+ talks. The closely-watched monthly survey from the Institute for Supply Management (ISM) showed the services sector is still growing strongly but had slowed more than expected in June amid supply issues, rising prices and difficulties hiring - and keeping - workers in the hot labour market. That report sent Treasury debt prices higher. There was little other economic news, but oil-related shares were "the top loser in afternoon action amid a tumble in crude oil prices on festering supply uncertainty after another breakdown in Opec+ oil production talks on Monday," according to Schwab analysts. The Dow Jones Industrial Average lost 0.6 per cent to end at 34,577.37, while the broad-based S&P 500 dipped 0.2 per cent to 4,343.54 in the first session the Independence Day holiday. But the tech-rich Nasdaq Composite Index gained 0.2 per cent to finish at 14,663.64, topping Friday's record by 24 points. Peter Hanks, market strategist at IG, notes the summer months tend to have lower trading volume, amid vacations...

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Aufort Launches Digital Gold Retail Platform and a Million Euro Gold Bounty Aimed at New Traders

pandora
4 minutes

Tallinn, Estonia / SEAPRWire / July 06, 2021 / - Recently, Aufort, the Estonian-Austrian retail platform aimed at people looking to gain exposure to gold free from intermediaries and related costs has officially launched. It is the first company in the world that offers a platform where one can buy, sell, and withdraw digital gold in a convenient e-shop format. To celebrate this important milestone, Aufort is giving away 1,000,000 euros worth of gold. Platform aims to provide retail investors interested in gold as an asset class but have traditionally been put off by the high entry costs, storage limitations and liquidity. Retail investors can gain exposure to gold as an asset class for under €30 E-store solution enables people to buy, store, sell, and withdraw their gold holdings easily AufortGold's eCommerce solution for investment gold is based on Obyte's Direct Acyclic Graph (DAG) technology to increase transparency and reliability. DAG technology was selected by Aufort due to its ability to process a high number of transactions per second (TPS), almost non-existent transaction costs, low energy use, deterministic finality and ability to scale making it suited for large numbers...

ACN Newswire
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HKTDC Education & Careers Expo opens next week

indie
7 minutes

HONG KONG, Jul 6, 2021 - (ACN Newswire via SEAPRWire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), the 30th edition of the HKTDC Education & Careers Expo runs from 15 to 18 July (Thursday to Sunday) at the Hong Kong Convention and Exhibition Centre (HKCEC). The event will run concurrently with the HKTDC Hong Kong Book Fair, HKTDC Hong Kong Sports and Leisure Expo and World of Snacks, all taking place at the HKCEC.Speaking at a press conference held today, Sophia Chong, HKTDC Assistant Executive Director, said that the HKTDC Education & Careers Expo will provide a one-stop platform for education, further studies and career opportunities. This year's event runs concurrently with the Hong Kong Book Fair, Sports and Leisure Expo and World of Snacks, offering a diverse experience to the Hong Kong public.L-R: Amy Liu, Senior Assistant Executive Director, Vocational Training Council; Choi Yu Sing, Curriculum Director, The Hong Kong Federation of Youth Groups; Sophia Chong, Assistant Executive Director, HKTDC; Stephen Mann, Assistant Director – Student & Curriculum Development, Hong Kong Institute of Construction; Ceci Ho, Engineer, Electrical and Mechani...

ACN Newswire
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艾德韦宣发盈利预喜公告

tallulah
1 minute

HONG KONG, Jul 6, 2021 - (亚太商讯 via SEAPRWire.com) - 大中华整合营销解决方案提供商–艾德韦宣集团控股有限公司（「艾德韦宣」或本「公司」，连同附属公司总称本「集团」，股份编号：9919）今日发盈利预喜公告。根据集团截至2021年6月30日止六个月的未经审核管理账目的初步审阅，集团预期将录得中期纯利约人民币38.0百万元，而截至2020年6月30日止六个月则录得净亏损约人民币20.0百万元。 根据相关可得资料，预期中期纯利增加主要由于随着COVID-19疫情逐步受控，中国经济得以复苏，从而抵销2020年初疫情爆发对集团收益带来的不利影响，整合营销业务所产生的整体收益因而增加。 关于艾德韦宣集团控股有限公司 艾德韦宣集团控股有限公司是领先并快速增长的整合营销提供商及品牌/IP运营商，专注在大中华区提供体验营销、数字营销与品牌推广，及公共关系服务，是大中华区服务奢侈品牌和时尚品牌最大的整合营销机构，市场占有率约7%，并于2020年1月16日在香港联交所主板上市。集团亦专注于IP拓展领域，体育 IP拓展业务包括使用西甲俱乐部品牌及环法自行车赛品牌在中国的IP独家授权。公司不断加快数字化能力的全面营销布局，包括成立MCN机构、西甲俱乐部及环法自行车赛的衍生品电商销售、为品牌提供效果营销及直播带货等，实现从营销到销售的闭环。 Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

ACN Newswire
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Activation Group Issues Positive Profit Alert

indie
2 minutes

HONG KONG, Jul 6, 2021 - (ACN Newswire via SEAPRWire.com) - A provider of integrated marketing solutions in Greater China, Activation Group Holdings Limited ("Activation" or the "Company", collectively, the "Group", stock code: 9919), today issued a positive profit alert. Based on a preliminary review of the unaudited management accounts of the Group for the six months ended 30 June 2021 (the "Interim Period"), the Group is expected to record a net profit of approximately RMB38.0 million for the Interim Period, as compared to the net loss of approximately RMB20.0 million for the six months ended 30 June 2020. Based on the relevant information available, the expected increase in the net profit of the Company for the Interim Period is mainly attributable to the overall increase in the revenue generated from the integrated marketing businesses due to the recovery of the economy in the PRC as the COVID-19 pandemic gradually came under control which offset the adverse effect of the outbreak of pandemic in early 2020 on the revenue of the Group. About Activation Group Holdings Limited Activation Group Holdings Limited is a leading and fast-growing integrated marketing solutions provider ...

ACN Newswire
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行动基因收购MC Diagnostics 正式进军欧洲精准医疗市场

tallulah
1 minute

HONG KONG, Jul 6, 2021 - (亚太商讯 via SEAPRWire.com) - 行动基因生技股份有限公司（以下简称「行动基因」）日前已完成收购MC Diagnostics Ltd.（以下简称「MCD」）。MCD是一家总部位于英国的专业医疗分子诊断公司。这次收购标志着行动基因正式进军欧洲精准医疗市场。MCD机械运作中MCD成立于二零零六年，主要提供自动化多分子检测以及客制化的影像整合分析。MCD的自动化低密度数组平台（Automated Low Density Array System，简称「ALDAS」）目前已在HLA分型和血型系统诊断领域提供可靠的临床分析应用。基因芯片技术的革命性突破市场对于灵敏度高、检测时程短且价格较为相宜的临床癌症诊断工具需求庞大，而行动基因作为次世代基因定序（Next Generation Sequencing，简称「NGS」）的先驱，与MCD携手合作，在ALDAS平台上开发融合基因检测芯片，最近取得显著突破，融合基因检测可以简单、自动化进行，并与NGS检测有高度的一致性。这个首创的基因芯片 ─ ACTSpot™ NTRK检测将于今年八月推出。行动基因的新里程行动基因是NGS专业检测公司，同时也是亚洲肿瘤分子诊断的先驱，本次收购不仅让行动基因在基因芯片发展和应用领域抢占全球领先地位，同时展现了集团多元化和全球化的商业策略。MCD首席执行长Peter Maguire表示：「MCD是移植医学诊断、PCR检测、基因芯片制造、自动化生产与软件工程方面的专家，我们专注在实务应用，并且优化制程、分析与自动化流程。ALDAS系统的8孔条数组让实验室拥有更高的弹性，可以一次检测1到96个检体，提供了最大的灵活性，而从检体萃取到报告准备就绪只需3小时。我们非常期待和行动基因结盟，将我们的知识与经验带到亚洲。」行动基因执行长陈华键博士表示：「我们的愿景是将基因组讯息转化为行动，造福癌症患者。行动基因致力开发创新和有效的产品，以涵盖更广泛的患者需求。与MCD结盟让我们走在基因芯片技术的尖端，我们很高兴已取得突破，并期待继续与MCD的专家紧密合作，进一步完善ALDAS系统，开发更多实用产品，利用这个尖端平台为癌症患者和广大民众带来福祉。」关于行动基因行动基因是亚洲首屈一指提供创新癌症管理方案的专家，在台北、香港、新加坡与东京设有办事处，并继在台湾及日本设立实验室后，于二零一九年七月在香港科学园设立位于亚洲的第三间实验室。凭借专业的次世代基因定序技术、美国病理学会（College of American Pathologists， CAP）认证之高规格实验室、经验丰富的生物信息团队和专有的AI整合系统，为医疗机构的专业人士提供最理想的癌症治疗计划、免疫治疗评估、癌症复发和耐药性监测以及癌症风险评估服务。行动基因团队专注在生物标志辨识、...

ACN Newswire
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ACT Genomics Completes Acquisition of MC Diagnostics

indie
4 minutes

HONG KONG, Jul 6, 2021 - (ACN Newswire via SEAPRWire.com) - ACT Genomics Co. Ltd. ("ACT Genomics" or "the Group") has completed the acquisition of MC Diagnostics Ltd. ("MCD"), a specialist molecular diagnostic company based in the United Kingdom, which marks the Group's entry into the European precision medicine market.MCD machine in operationFounded in 2006, MCD provides expertise in the automation of multiplexed molecular assays as well as custom-designed image analysis and interpretation software. MCD has designed, developed and manufactured an automated low density array platform ("ALDAS"), which is currently providing proven clinical diagnostic assays in the fields of HLA typing and blood group diagnostics. Revolutionary Breakthrough in Genechip TechnologyEffective and affordable cancer diagnostics testing tools with quick turnaround time and high sensitivity have always been sought after in the market. As a company at the forefront of Next Generation Sequencing (NGS) molecular diagnostics in the field of oncology, ACT Genomics has partnered with MCD to develop fusion genechips on its ALDAS platform, which has recently yielded a notable breakthrough. Tests can now be easily an...

ACN Newswire
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Dusit International makes its Oman debut with the opening of dusitD2 Naseem Resort, Jabal Akhdar

indie
5 minutes

Jabal Akhdar, Oman, Jul 6, 2021 - (ACN Newswire via SEAPRWire.com) - Dusit International, one of Thailand's leading hotel and property development companies, has expanded its presence in the Middle East with the opening of dusitD2 Naseem Resort, Jabal Akhdar - the first Dusit-branded hotel in Oman.dusitD2 Naseem Resort, Jabal Akhdar, OmanMs Suphajee Suthumpun, Group CEO, Dusit InternationalOwned by the Oman Tourism Development Company (OMRAN), which is the executive arm of the Sultanate for tourism development, the deluxe resort is located within a brand new 8,000 sq m Adventure Park on the Saiq Plateau in the Jabal Akhdar area, just a five-minute drive from the 'Grand Canyon of the Middle East,' and two hours by car from Muscat International Airport.Comprising 252 beautifully decorated rooms and suites, the contemporary resort fully embraces its unique mountain location with a spacious layout that blends seamlessly with its stunning natural surrounds.Alongside breathtaking views, guests can enjoy a wide range of facilities, including an all-day dining restaurant, a fitness centre, and a large outdoor swimming pool. A specialty restaurant, a Kids Club, and a signature Namm spa offe...

JCN Newswire
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CETIN, NEC and Fortinet Join Forces to Modernize Large-scale Network in Four Countries

ruth
5 minutes

LONDON, Jul 6, 2021 - (JCN Newswire via SEAPRWire.com) - CETIN a.s. and NEC Europe Ltd., a wholly owned subsidiary of NEC Corporation, announced today the signing of a large network security project. Based on solutions of Fortinet and Cellusys, NEC will provide end-to-end services ranging from installation and commissioning to modernizing CETIN Group's network in Serbia, Hungary and Bulgaria as well as Telenor's network in Montenegro.CETIN Group's extensive, 24/7 supervised networks provide superior voice, data, TV, video, IT, and cybersecurity services to wholesale customers in the region and internationally. This project was initiated to enhance CETIN's network in their major territories in Central and South Eastern Europe.NEC, a leader in IT and network integration, has a rich history, comprehensive expertise and proven footprint in the network business all around the world. Relying on Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, and Cellusys, a leader in signaling security solutions, NEC has been selected as the system integrator to provide end-to-end services, including design, installation, commissioning, support and maintenance of div...

ACN Newswire
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方巍：商者无域，再造国美

tallulah
1 minute

HONG KONG, Jul 6, 2021 - (亚太商讯 via SEAPRWire.com) - 北京东三环的霄云路，寸土寸金，而最著名的写字楼，莫过于鹏润大厦，这里是国美集团的中枢。但它的三层，却有一处留白——国美画廊，约莫500平方米，白墙，清水泥地面，定期举行画展，空旷得有点回音。专访国美零售CFO方巍，选择在那里进行。白衬衫、黑色西服套装，无边框眼镜，他敦厚朴实的形象，很快拉近了初次见面的距离。一年前，黄光裕归来后，在新基建的基础上，要再造国美，实施全面开放政策：从家电领域扩展到家装、家居等家生活领域，为合作伙伴们赋能。"商者无域，相融共生。"在国美干了16年的方巍，相信老板犀利而独到的市场眼光，是一个坚定的执行者。他是一个特殊的CFO，有关国美零售的信息流、资金流、物流和用户数据等，全部都要汇集给方巍。”这是零售企业的特点。"他不仅要管财务、投资，还要亲自抓业务运营。在访谈的120分钟里，方巍谈了真快乐APP、打扮家、驿站等战略背后的逻辑，不疾不徐，严谨而恰到好处，勾勒出一个全新的国美蓝图。开放国美每个LOGO的变化，往往背后藏着新的战略。今年1月12日，国美APP正式更名为真快乐APP。右边是一只小老虎，微笑，双手比着耶；左边写着"真快乐"三个字，底色是紫色的。这个新LOGO，令很多人惊呼，太不像34岁的国美。"黄老板亲自参与设计并敲定的。"方巍说，真快乐平台的“真”定位为：真选商品、严选商家；“快”定义为：准时达、闪店送；“乐”定义为：娱乐卖、娱乐买、分享乐。这是黄光裕首次去国美化。言下之意，真快乐APP不只是为国美自己服务，也不仅是一个APP应用系统，而是一个向社会开放的家生活服务平台。黄光裕回归后，在国美原来第一阶段的新基建基础上，就场景端、供应链端、物流服务端以及系统端全面开放给小B和社会；将国美的定位从一个原来的供应链公司，向一个家生活的本地零售属性的消费平台拓展。“国美已进入到家·生活战略的第二阶段，核心就是‘开放国美’。”方巍进一步解释道，国美原来是个闭环，现在将线上“真快乐”和线下"国美家"的双平台，物流服务平台、供应链平台和共享共建平台全面开放。在线上“真快乐”平台，对于入驻平台的商家，国美开放营销、金融、经营、数据、供应链等方面助力其业务增长；“国美家”线下平台向加盟店开放，通过整合当地有实力的卖场加盟合作撬动增量市场，快速抢占4-6级下沉市场并渗透下沉村镇市场。在供应链平台方面，从2020年起，国美和京东、拼多多的供应链进行了双向开放。在物流信息平台方面，国美加强与外部合作，寻找物流服务商。方巍用数据总结国美物流开放的成果：“目前，国美全国运输路线已超1600条，完成从中央仓、城市仓到门店仓的打造，拥有500万平方米覆盖全国的物流网络。”随着供应链和物流平台的开放，形成了国美的共享共建平台，也为国美发展了一股新兴营销力...

SeaPRwire

Parliament: FTAs and globalisation critical to Singapore’s survival, says Ong Ye Kung

aseanpr
5 minutes

SINGAPORE - Embracing globalisation is critical to Singapore's survival and pursuing free trade agreements or FTAs are key to the country's existence, said Health Minister Ong Ye Kung on Tuesday (July 6). Mr Ong, who said he is a former trade negotiator, was giving a ministerial statement in Parliament about the FTAs, which are trade pacts inked between two or more countries to ease the flow of goods and services. Singapore, Mr Ong said, is a country that is too small to live on its own, and which needs to tap into global markets to earn a living and be self-reliant. While it has no natural resources, Singapore does have its geographical location, which is its "one precious natural endowment", he added. He said: "It is a lasting advantage, but one which requires us to work very hard to realise and sustain. If we succeed, it helps compensate for our lack of size." The country's strategic spot has allowed it to capture trade flows through the Straits of Malacca and Singapore as well as connect many countries in the East and West. That, Mr Ong said, has enabled home-grown port operator PSA to become the largest container transhipment port in the world. Singapore's port now sustains ab...

SeaPRwire

Parliament: Wages at bottom-fifth grew at faster rate than median from 2009 to 2019

aseanpr
5 minutes

SINGAPORE - The real wages of Singaporean and permanent resident lower-wage workers at the 20th percentile grew 39 per cent between 2009 and 2019, faster than that of the workers at the median at 33 per cent. And while the Covid-19 pandemic has had an impact on these lower-wage workers last year, government schemes have helped to mitigate the impact and bring their wages to the 2019 pre-pandemic levels, said Senior Minister of State for Manpower Zaqy Mohamad in Parliament on Tuesday (July 6). This was a result of policies such as the Progressive Wage Model (PWM) and Workfare to support lower-wage workers, he added. "This has allowed our lower-wage workers to gain ground and progress faster than the median." He was responding to more than a dozen questions filed by MPs from the People's Action Party and the Workers' Party on the PWM. Mr Zaqy noted that while lower-wage workers in Singapore have seen "robust real income growth", this was not the case for most Organisation for Economic Co-operation and Development (OECD) countries. "For example, over the same 10-year period, workers at the 20th percentile in the UK saw no real wage growth, while those in Japan and US saw only cumulati...

SeaPRwire

Chinese aircraft that flew into S’pore’s flight info region in May did not pose threat: Ng Eng Hen

aseanpr
4 minutes

SINGAPORE - A group of People's Liberation Army Air Force (PLAAF) aircraft that flew into Singapore's Flight Information Region (FIR) in May was not deemed to have posed an aerial threat to Singapore, said Defence Minister Ng Eng Hen. The Civil Aviation Authority of Singapore (CAAS) - the appointed authority to manage Singapore's FIR - did not receive any flight plans from the PLAAF, nor did it communicate with them nor any of its aircraft, he said in Parliament on Tuesday (July 6). However, state aircraft, which includes military aircraft, are not required to do so, so long as they fly with regard for the safety of other aircraft, he said. Dr Ng was responding to questions from Mr Gerald Giam (Aljunied GRC) and Mr Dennis Tan (Hougang). On June 1, the Royal Malaysian Air Force said a formation of 16 transport aircraft from the PLAAF had approached the coastline of Sarawak in east Malaysia on May 31. The Chinese planes had first passed through the FIR administered by Singapore, then that of Malaysia. China has said that the PLAAF was conducting routine flight training and exercising "freedom of overflight in the relevant airspace". Mr Giam asked, among other things, whether the Repu...

SeaPRwire

FTAs and Ceca made ‘political scapegoats’, falsehoods need to be corrected: Ong Ye Kung

aseanpr
3 minutes

SINGAPORE - The Progress Singapore Party (PSP) has repeatedly made false statements that the Singapore-India Comprehensive Economic Cooperation Agreement (Ceca) gives Indian professionals "a free hand" to come and work in Singapore, said Health Minister Ong Ye Kung. In a social media post in June, PSP Non-Constituency MP Leong Mun Wai had also claimed that foreign professionals, managers, executives and technicians (PMETs) and free trade agreements (FTA)s have affected the jobs and livelihoods of Singaporeans, Mr Ong noted in Parliament on Tuesday (July 6). "These statements are false. They have been repeated for too long," he said, adding that FTAs and Ceca have been made "political scapegoats" to discredit the government's policies. As a former trade negotiator, the minister said he felt duty-bound to correct the falsehoods surrounding Ceca and FTAs. He acknowledged that Singaporean professionals, managers and executives (PMEs) are facing challenges, like those in other advanced economies. [LIVE] Ministers Ong Ye Kung, Tan See Leng address Parliament on FTAs, Ceca The Government has been taking steps to address their concerns, he added. "But our FTAs in general, and Ceca in parti...

SeaPRwire

Returning Singaporeans can apply to join local schools from July 7

aseanpr
3 minutes

SINGAPORE - Children of families relocating back to Singapore can apply to join local schools from Wednesday (July 7). Students who want to join secondary schools, junior colleges or the Millennia Institute for the 2022 academic year can apply through the School Placement Exercise for Returning Singaporeans (Spers), said the Ministry of Education (MOE) in a release on Tuesday. Applications will be open to those seeking to enter Secondary 1 to 3 and Pre-University year 1. Students are generally not admitted into Secondary 4 and Pre-University 2 as they are national examination years, said MOE. Returning students will need to sit a set of tests to receive their school options. The tests will be held on Sept 21 for those applying to secondary schools, and on Nov 11 for those applying to junior colleges and Millennia Institute. These students will receive their school options from MOE in December. For students who cannot make the dates, MOE will conduct another round of tests in December - known as the Supplementary Placement Exercise. Applications for the second round of testing will open in October. These students will receive their school placement results in February 2022. Students...

SeaPRwire

The combination of Venus Acquisition Corporation and Viyi Algorithm Inc. will increase its revenue by 176.8% in 2020

pandora
6 minutes

NEW YORK, June 10, 2021 Venus Acquisition Corporation (Nasdaq: VENA) ("Venus"), a publicly traded special purpose acquisition company, and VIYI Algorithm Inc. ("VIYI Algo"), a Cayman Islands exempted company operating in China and controlled by WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming a wholly owned subsidiary of Venus. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc. VIYI ranks as one of the top five Chinese companies for central processing algorithm services. According to the CIC Report, as of 2020, VIYI has captured 5% of the market share for central processing algorithm services provided to internet advertisement and online gaming acceleration industries. VIYI is ideally positioned to grow its revenue quickly as a leading central processing algorithm service provider in China. According to the CIC Report, VIYI is the only company amongst its competitors to provide central processing algorithm service solutions in both internet advertisement...