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Online Brokerage Tiger Brokers strengthens Singapore operations with approvals-in-principle for SGX trading membership in securities and derivatives, and CDP clearing rights in Singapore

SINGAPORE, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - Xiaomi-backed online brokerage Tiger Brokers (Singapore) Pte. Ltd. ("Tiger Brokers Singapore") today announced that it has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited ("CDP"). Tiger Brokers has also received approval-in-principle from Singapore Exchange Securities Trading Limited ("SGX-ST") as well as Singapore Exchange Derivatives Trading Limited (SGX-DT") for admission as a Trading Member.Tiger Brokers expects to use these approvals-in-principle to improve the user experience and services it offers to clients. Tiger Brokers looks forward to developing its partnerships with CDP, SGX-ST and SGX-DT and strengthening its presence in the Singapore market.Eng Thiam Choon, CEO of Tiger Brokers Singapore commented, "Tiger Brokers Singapore has always been focused on bringing a superior user experience to investors. These approvals-in-principle, together with our previous partnerships spanning financial data, cloud and financial technology, are part of our focus on providing a superior user experience to investors."Officially launched in Singapore in February 2020, T...

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JCB expands partnership with Nets Group to grow JCB Contactless acceptance in the Nordics

TOKYO & COPENHAGEN, Jun 28, 2021 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. and Nets Group, the Nordic-based payment service provider, announce the latest expansion of their partnership to bolster JCB Contactless acceptance in the Nordic region.JCB cardmembers can now use JCB Contactless on 244,000 merchant POS systems across Denmark, Sweden, Norway, and Finland. This growing partnership with Nets marks a significant increase in JCB acceptance in the region, built upon the previous rollout to 18,000 Nets merchants in Finland in January 2020[1] and introduction of mobile payments in Denmark in 2016[2].JCB cardmembers can simply tap their card or other JCB Contactless-embedded devices close to the merchant terminal reader for quicker payment without inserting the card. International NFC payment protocols make it possible to enable JCB Contactless acceptance around the world, while EMV(R)[3] technology ensures highly secure payment transactions. By enabling this function across more merchants in the Nordics, JCB cardmembers will have increased access to secure and fast payment options when travelling i...

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DOCOMO Releases White Paper on 5G Open RAN Ecosystem

TOKYO, Jun 28, 2021 - (JCN Newswire via SEAPRWire.com) - NTT DOCOMO, INC. announced today that it has released a white paper on the 5G Open RAN Ecosystem that will support the construction of flexible networks capable of leveraging 5G wireless communication to meet the diverse needs of operators and related companies.DOCOMO, which aims to commercialize highly flexible and scalable virtualized RAN (vRAN) in 2022, is collaborating with 12 partners toward verifying vRAN performance and providing Open RAN to telecommunications carriers worldwide.The white paper explains the aims and benefits of the Open RAN Ecosystem and introduces examples of envisioned applications based on DOCOMO's unique perspective as the world's first company to operate a 5G Open RAN.The paper addresses the challenges of deploying Open RAN, especially vRAN, such as the difficulty of flexibly combining base stations and software of various different vendors. Since this would require verification entailing significant time and cost, the new ecosystem would provide a highly useful lab that global operators could use remotely and freely to verify vRAN performance.Another key to realizing the expanded use of Open RAN ...

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MOH, infectious diseases expert call out one-sided claims by doctors on need to halt Covid-19 jabs for schoolboys

SINGAPORE - The Expert Committee on Covid-19 Vaccination and a senior infectious diseases specialist from the National Centre for Infectious Diseases have called out the one-sided claims by a group of doctors behind an open letter arguing for a halt in the vaccination of Singapore's youths. In a revised statement issued on Monday (June 28), the Ministry of Health (MOH) which oversees the Expert Committee on Covid-19 Vaccination said that news reports about a child's death in the United States did not state heart failure as a cause as alleged in the open letter. "The matter is still under investigation by the US authorities," said MOH, which did not point out this error in its Sunday statement. In his Facebook post on Monday (June 28), the National Centre for Infectious Diseases' Associate Professor David Lye called out the doctors behind the open letter for "misleading" and "misinforming the public". The open letter - posted on Facebook on Saturday by a doctor, Dr Kho Kwang Po - was addressed to Professor Benjamin Ong, chairman of the expert committee. It came after a 13-year-old American boy died days after he received his second dose of a Covid-19 vaccine in the US. It had called...

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Rakuten Mobile, NEC and Intel demonstrate industry-leading performance in containerized 5G Core lab trial

TOKYO, Jun 28, 2021 - (JCN Newswire via SEAPRWire.com) - Rakuten Mobile, Inc., NEC Corporation and Intel Corporation announced today that they have achieved a performance of 640 Gbps per server for the containerized User Plane Function (UPF) on the containerized 5G SA core network jointly developed by Rakuten Mobile and NEC running on the Rakuten Communications Platform (RCP).Containerized UPF performance is crucial to maximize the value of 5G deployment. This is because the control plane (C-plane) and user plane (U-plane), which were historically collocated, are completely decoupled in the disaggregated 5G architecture. This enables an independently scalable UPF which is key to private networks, edge computing, hybrid cloud and to accelerate a variety of deployment scenarios. Rakuten Mobile has adopted 5G architecture from the launch of its network, including a CUPS (Control and User Plane Separated) packet core for its 4G LTE network.The 640 Gbps performance per server for the containerized UPF on the 5G SA core network was achieved in a laboratory environment in Tokyo. This represents a significant opportunity to drive high performance of the commercial network in the future.NEC...

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TOYOTA GAZOO Racing claims first and second on Safari return

Toyota City, Japan, Jun 28, 2021 - (JCN Newswire via SEAPRWire.com) - The TOYOTA GAZOO Racing World Rally Team is celebrating victory in the first Safari Rally Kenya to be held as part of the FIA World Rally Championship for nearly 20 years. Sebastien Ogier and co-driver Julien Ingrassia pulled off a superb fightback to take their fourth win from six events and extend their championship lead, while Takamoto Katsuta scored his first ever WRC podium to complete a one-two finish for the Toyota Yaris WRC.Podium CeremonyThe event lived up to its reputation as an extremely demanding rally, with many of the crews experiencing difficulties over the weekend. Ogier was seventh overall and more than two minutes off the lead after suffering an issue on Friday morning, but he charged back through the field.He was third overall going into the final day, consisting of five short but very challenging stages. Already in the first stage of the day, trouble befell the erstwhile leader, and this promoted Katsuta into the lead of a rally for the first time, with Ogier close behind.With just two stages to go the Toyota pair were tied on overall time, and were able to compete fully with each other for th...

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专访国美零售(00493) CFO方巍 为何说以“真快乐”为新主战场的国美零售(00493)估值逻辑生变?

HONG KONG, Jun 28, 2021 - (亚太商讯 via SEAPRWire.com) - 随着市场史上最长的“618”购物节收归于平静,国美零售(00493)“真快乐”APP作为新晋黑马走入大众视野。618期间,“真快乐”全网DAU同比2019年增长270.32%,同比2020年增长189.11%;全网新增访客量总占比达78.83%,同比2020年增长114.32%,支付人数也创下新高。不仅如此,平台GMV在环比层面也有较大提升,于4、5、6月期间呈现环比不断提升的过程。国美零售CFO方巍表示,近几个月来国美零售在线上GMV、DAU均呈现出了三位数的增长态势,线下也因数字化发展实现了客单价和精准度显著提升。据最新数据显示,目前国美零售线上线下会员数已达2-2.5亿,月活由过去的3000-4000万增长至当前的5000万左右,预计于年底有望突破6000万大关。日活方面现已突破百万,达到200-300万水平。在2019年完成数字化、2020年经历了疫情大考后,国美零售在2021年呈现出大发展趋势。而这背后,也由宏观趋势层面所带来的市场机遇作为支撑。从外部环境来看:疫情防控取得成效,外需和投资拉动经济回暖,消费复苏仍有较大空间。同时,中央提出构建双循环格局,鼓励支持零售行业升级转型。今年年初,商务部等12部委发布了全面促进消费政策,导向“消费下沉”。与此同时,聚焦“双循环”,展望“十四五”规划,在产业和消费升级双驱动之下,国家在科技板块、新能源、消费板块以及高端制造业四大板块的投资力度进一步加大。“十四五”时期我国中等收入群体有望增长约1亿人,未来15年内中等收入群体有望倍增,占总人口的比重从约30%提高到约60%,本地生活赛道进一步宽阔。国家层面深耕消费、消费升级换代、零售业转型升级,均为行业发展带来广阔的发展机遇。国美零售也在这一浪潮趋势下正式步入“家·生活”战略实施第二阶段。如今,在新的战略发展阶段,国美零售将如何定位自己的特别所在?如何找到适合自身的商业模式?未来将如何进行赛道布局?国美零售CFO方巍在专访中进行了一一解答。真快乐平台的快速增长之道实际上,若将焦点从618大促进一步放大,“真快乐”APP用户数据的快速增长从年初的元旦、春节,到315、五一大促再到618大促实际是一个层层深化的过程。今年一季度,公司旗下真快乐GMV同比增长400%;平均月活突破4千万;活动单日日活近1千万,预计将为公司带来超过170%的收入同比增长。而若将这一增长模式进行拆解,国美零售在自有用户及流量上的拓展之道可被总结为五大因素:即推出线上线下互动为主导的全场景互融、百万社群及美店、真选商品及严选商家、娱乐化及社交化、不断提升物流能力和优质服务。1.全场景融合体验模式。2017-2019年,是国美零售完成本地生活化改造的过程,过程中公司将所有门店数字化,实现...

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达丰设备服务有限公司公布上市后首份全年业绩

HONG KONG, Jun 28, 2021 - (亚太商讯 via SEAPRWire.com) - 为中国成立的首家外资塔式起重机服务供货商达丰设备服务有限公司(「达丰设备」或「公司」,连同附属公司统称「集团」)(股份代号:2153)宣布其截至2021年3月31日止年度(「2021财政年度」或「本年度」)之全年业绩。业绩摘要:总收益上升6.4%至人民币793.0百万元毛利率提升至34.5%净利润增加32%至人民币101.2百万元,净利率增加至12.8%EBITDA 利润率为49.8%,EBITDA 增长4.6%达人民币394.7百万元建议派发末期股息每股3港仙盈利前景良好:尚未完成合约总值约为人民币751.5百万元-- 在建项目:258个,合约总值约为人民币587.2百万元-- 已在手,尚未动工项目:60个,预期合约总值约为人民币164.3百万元的于2021财政年度,集团录得收益为人民币793.0百万元,较截至2020年3月31日止年度增加6.4%,主要由于自有及租赁塔式起重机数量增加(其中大部分已在施工现场并带来收益)。集团的年平均使用总吨米数由2020财政年度约2,284,596增加至2021财政年度的2,491,629。毛利上升约7.9%至约人民币273.3百万元,毛利率提升至34.5%。本年度净利润由2020年3月31日止年度约人民币76.5百万元增加至截至2021年3月31日止年度人民币101.2百万元,增幅约为32.4%。为与股东分享集团上市后优秀的业绩表现,董事会建议派发全年股息每股3港仙。于2021年3月31日,集团的在建项目共258个,尚未完成合约总值约为人民币587.2百万元;另有60个尚未开展工程的手头项目,预期合约总值约为人民币164.3百万元。在这些项目中,集团预计将于截至2022年3月31日止年度前完成合约工程约人民币578.9百万元,为集团未来一年坚实的盈利前景奠定稳固基础。 达丰设备行政总裁邱国燊先生表示:「2021财政年度是达丰设备丰收之年,我们不仅踏入了新的里程碑──在香港交易所成功上市,亦于本年度取得了可喜的成绩。尽管于去年爆发的冠状病毒疫情于2020年3月发展成全球大流行后,无可避免地影响了部份业务运营,但由于本集团在中国塔式起重机服务行业的领先地位和悠久历史,加上我们与中国特级和一级EPC承包商的紧密合作关系,让我们于回顾年内仍能取得令人满意的成果。我们将继续致力为客户提供咨询、技术设计、调试、施工至售后服务等一站式塔式起重机解决方案服务,并抓紧中国强劲的资产投资和城市化带来的众多商机。」业务回顾 于2021年3月31日,集团自有及租赁塔式起重机的数量为1090台,能够灵活参与其客户于中国各地的专业EPC项目。作为中国业界享负盛名的外资塔式起重机服务供货商,集团同时以关注工人安全、服务质量及技术优势树立了良好声...

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Tat Hong Equipment Service Co., Ltd. Announces First Annual Results after Listing

HONG KONG, Jun 28, 2021 - (ACN Newswire via SEAPRWire.com) - Tat Hong Equipment Service Co., Ltd. ("Tat Hong" or the "Company", together with its subsidiaries, the "Group") (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its annual results for the year ended 31 March 2021 ("FY2021" or the "Year").Results Highlights:-- Total revenue increased by 6.4% to RMB793.0 million-- Gross profit margin improved to 34.5%-- Net profit rose by 32% to RMB101.2 million with net profit margin increased to 12.8%-- EBITDA increased 4.6% to RMB394.7 million attaining EBITDA margin of 49.8%-- Recommended a final dividend of HK3 cents per share -- High earnings visibility: outstanding contracts value amounted to RMB751.5 million- Work in progress: 258 projects with contract value of RMB587.2 million; - On hand but not yet commenced: 60 projects with expected contract value of RMB164.3 million In FY2021, the Group recorded revenue amounting to RMB793.0 million, representing a 6.4% increase from that for the year ended 31 March 2020, mainly attributable to the increase in the number of both self-owned and rented tower cranes, the majority of wh...

Tesla dealt big blow as almost all cars in China need safety fix

SHANGHAI (BLOOMBERG) - Tesla's aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it's sold in the nation - more than 285,000 of them - be fixed to address a safety issue. The State Administration for Market Regulation said in a statement on Saturday (June 26) that the action involves 211,256 locally produced Model 3 vehicles and 35,665 imported ones, as well as 38,599 China-made Model Ys. The US-based carmaker only began deliveries of the Model Y sports-utility vehicle in January, so the recall will affect pretty much every driver who bought one. The Chinese agency said the vehicles' autopilot systems can be activated automatically, potentially leading to crashes from sudden acceleration. In most cases, the fix should be able to be made remotely with an online update to the cars' active cruise control feature. Tesla will upgrade the software for free. While Tesla apologised via its official customer support account on Weibo, saying that it will "continue to improve safety in strict accordance with national requirements," the recall tops a string of embarrassing setbacks for the company in China. A protest that went v...

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Morning Briefing: Top stories from The Straits Times on June 28

Good morning! Here are our top stories to kick-start your Monday, June 28. More S'poreans tap schemes to upskill, switch careers amid Covid-19 pandemic Nearly 6,300 mid-career PMETs joined such programmes last year - a 41% jump from 2019. READ MORE HERE CGH Covid-19 cluster grows to 10 cases, including porter at NUH Five of the 12 Covid-19 community cases reported on Sunday have been linked to the cluster at Changi General Hospital. READ MORE HERE Residents of 103 Henderson Crescent, and 55, 56 and 57 Lengkok Bahru to undergo mandatory Covid-19 testing MOH will also test the owners and staff of the shops in the Lengkok Bahru blocks. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news New strains could raise risk of larger dengue outbreak: Experts Usually imported, the less common serotypes accounted for over half the cases sampled here since February. READ MORE HERE Malaysia's Covid-19 lockdown to be extended beyond June 28: PM Muhyiddin The lockdown will not be eased until daily cases fall below 4,000. READ MORE HERE Fully vaccinated people protected from Covid-19 but can pass disease to others Serology tests help health officials identify...

Record stock sales from money-losing firms ring alarm bells

NEW YORK (BLOOMBERG) - If you think a rush by companies to sell their shares is a bad omen for the market, imagine a scenario where most of the sales come from firms that don't make money. It's happening now. Since the end of March, almost 100 unprofitable companies, including GameStop and AMC Entertainment Holdings, have raised money through secondary offerings, twice as many as coming from profitable firms, according to data compiled by Bloomberg. Granted, troubled companies are tapping into buoyant demand during a 16-month rally to beef up their balance sheets. And it's further evidence that the capital market functions as smoothly as it's supposed to. Yet some warn that the flood of shares coming from money losers is becoming extreme. During the past 12 months, almost 750 money-losing firms have sold shares in the secondary market, exceeding those that make profits by the biggest margin since at least 1982, data compiled by Sundial Capital Research show. "That perhaps points to companies getting greedy," said Mike Bailey, director of research at FBB Capital Partners. "Anytime you have a bunch of selling by desperate companies, that could be a signal we're closer to a top than a...

How 2 S’poreans adapted to new job roles amid Covid-19 pandemic

SINGAPORE - When Ms Joyce Seah left her job at an oil and gas multinational corporation (MNC) last July, she was afraid she would not be able to secure another job amid the weaker hiring market. The company where she worked as a senior buyer restructured during the Covid-19 pandemic and she was assigned a new role which she felt was unsuitable for her. So she resigned. 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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Fewer than 10 stalls open at Bukit Merah View market on first day of reopening

SINGAPORE - The 115 Bukit Merah View Market and Food Centre - which is at the centre of Singapore's largest open Covid-19 cluster - reopened on Sunday (June 27) after a two-week closure. However, fewer than 10 stalls out of the 182 there were open for business when The Straits Times visited at 8.30am. Some stallholders returned to clean their stalls and clear existing stocks, after ending their quarantine on Saturday. Human traffic was also visibly thin, as some residents were told by hawkers that they were not operating yet. One of those stallholders who returned to work on Sunday was Ms Lindawati Tjong, 47, who has for nine years run a stall selling raw chicken with her husband. She said she was not too worried about the virus as her family members have mostly been vaccinated or are going to get the jab. Her family of five - including three children aged 11, 17 and 19 - were quarantined at home for the past two weeks. Their quarantine ended on Saturday. Asked why she reopened so soon, she told reporters: "We have no choice - we have a family to feed and no income for the past two weeks." But she is more optimistic now that business can resume. Lawyer Ho Woon Chan, 51, who has bee...

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NParks staff, volunteers promote good etiquette at Changi Beach at low tide

SINGAPORE - Dawn had not yet broken at 6am on Sunday (June 27) but people were already out on the mudflats of Changi Beach, exploring the area at low tide. As they peered into tiny holes in the seabed and sought marine creatures among the blades of seagrass, volunteers and staff from the National Parks Board (NParks) kept a close watch. "Just look, don't touch," Madam Doreen Foo, 44, one of the volunteer guides, was overheard reminding a family of four. She pointed out to them a cake sea star that had been exposed by the retreating waters. A rare find, she added. Madam Foo, a marketing assistant manager, was among those who volunteered with NParks to patrol the nation's accessible seashores over the weekend, to remind beachgoers not to handle marine life in a way that could be harmful. Other than Changi Beach, patrols were conducted in other places such as Pasir Ris Park. Tides on Saturday and Sunday were low, exposing large tracts of the seafloor and the bounty that lie in and on them: warty sea cucumbers, anemones, sea stars and many different types of crabs. The patrols by NParks staff and volunteers come after crowds were seen flocking to the intertidal areas of Changi Beach, d...

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Morning Briefing: Top stories from The Straits Times on June 27

Good morning! Here are our top stories to kick-start your Sunday, June 27. New enterprises bloom in S'pore despite Covid-19 gloom There were 63,480 new enterprises last year, up from 61,573 in 2019. READ MORE HERE Housewife who starved, tortured and killed Myanmar maid: What drove her to violence? Gaiyathiri Murugayan was sentenced to 30 years' jail for abusing her domestic helper. READ MORE HERE Elderly woman who visited Bukit Merah View block dies of Covid-19; new cases include CGH nurse The 84-year-old Singaporean had not been vaccinated and had a history of cancer and hypertension. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Firms in S’pore turn to tech, online space to weather pandemic storm While figures show that a significant number of new businesses opened last year, some sectors have seen their fair share of firms going belly-up. READ MORE HERE S'pore's F&B business owners grapple with dine-in curbs while juggling delivery For restaurants that are newly opened or about to open, owners have had to tweak their timelines and plans. READ MORE HERE Phuket gets ready for tourists amid Covid-19 in 'sandbox' experiment by Thai gov...

Housewife who starved, tortured and killed Myanmar maid: What drove her to violence?

SINGAPORE - Gaiyathiri Murugayan was so preoccupied with cleanliness that she made her then husband drive her to a clean toilet from her workplace on a daily basis. At home, she ordered her sister-in-law to wear a shower cap in the flat after noticing some strands of her hair on the floor. She also made her family members wear masks to prevent contamination from their nasal discharge. 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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Over 1,700 PMDs disposed of since fatal Woodlands lift fire

SINGAPORE - Three years ago, Mr Muhammad Sofiyan, 32, who is self-employed, used his personal mobility device (PMD) for food delivery jobs. Then, in late 2019, the Land Transport Authority (LTA) banned e-scooters from footpaths and his PMD had been left idle outside his flat since then. That ban and the recent fire in Woodlands, where a PMD burst into flames in a lift and killed a man, convinced Mr Sofiyan to dispose of his PMD last Wednesday at a designated collection point in Dover. In fact, since that fire was reported on June 4, more than 1,700 PMDs have been disposed of, said waste management firm KGS, which is overseeing the free disposal of PMDs until June 30. On June 3, Mr Muhammad Irfan Danish Azhar, 20, a food delivery rider, was in a lift at Block 537 Woodlands Drive 16 when his PMD caught fire. Residents doused the flames but he died the next day. The Singapore Civil Defence Force (SCDF) had said preliminary investigations indicated the fire was of electrical origin from a PMD. Senior Parliamentary Secretary for Transport Baey Yam Keng told The Sunday Times he was deeply saddened when he heard the news. He added: "I strongly urge owners who are holding onto non-complian...

S’pore money changers in dire straits as Covid-19 causes plunge in global travel

SINGAPORE - Mr Anwardeen, 60, owner of Central Exchange Money Changer at Suntec City, used to run his business daily with six employees before Covid-19 hit. Now, he operates the shop with only two employees and closes his shop on Sundays and public holidays. 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.

Tour agency ventures into e-commerce to tide over bad times amid Covid-19

SINGAPORE - Tour agency CTC Travel had about 100 full-time staff and was serving about 45,000 to 50,000 customers. Since the Covid-19 pandemic hit, 90 per cent of its staff have resigned or been put on no-pay leave. The agency also relocated its office from Chinatown Point to One Commonwealth as a cost-cutting measure. 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.