JCN Newswire
Read More

Honda, Cruise and GM Take Next Steps Toward Autonomous Vehicle Mobility Service Business in Japan

ruth
2 minutes

TOKYO, Jan 20, 2021 - (JCN Newswire) - Honda has announced that it will collaborate with Cruise and General Motors on self-driving vehicles for its autonomous vehicle mobility service (MaaS) business in Japan, based on the development and commercial agreements signed in October 2018.Cruise will be sending the first of its self-driving test vehicles to Japan and start development for testing this year.Further ahead, Honda aims to launch its MaaS business using the Cruise Origin, a vehicle the three companies are jointly developing exclusively for autonomous vehicle mobility service businesses. Honda Mobility Solutions Co., Ltd., established in February 2020, will be the operator of such MaaS business in Japan.Comments by Dan Ammann, CEO of Cruise:"Cruise's mission to provide safer, cleaner and more accessible transportation is not limited to the US. These are major changes that are needed almost everywhere in the world, and this is a small, but symbolic step with Honda on our global journey."Comments by Takahiro Hachigo, President & Representative Director, Honda Motor Co, Ltd.:"This collaboration with Cruise will enable the creation of new value for mobility and people's daily ...

SeaPRwire
Read More

SIA launches one-stop online portal for pre-departure Covid-19 testing

aseanpr
3 minutes

SINGAPORE - Passengers of Singapore Airlines (SIA) and SilkAir flying out of Singapore, Jakarta and Medan will now be able to book pre-departure Covid-19 tests and receive their results via a one-stop online portal. The pilot programme launching on Wednesday (Jan 20) is the SIA Group's latest effort to restore confidence in international travel, which has been decimated by the pandemic. If proven successful, the portal will be expanded to more cities in SIA and SilkAir's network over the next few months, the airline said in a statement. With the new portal, passengers can choose from a list of recognised testing facilities and book appointments for pre-departure Covid-19 polymerase chain reaction (PCR) and serology tests up to 48 hours before their required testing window. Their test results will be delivered to them within 36 hours via the same portal and passengers can then present these results when checking in at the airport. Airport check-in staff and Singapore immigration authorities can use an accompanying quick response (QR) code to authenticate the results, SIA said. This is part of a digital health verification process that SIA has been trialling since December last year,...

JCN Newswire
Read More

DENSO Collaborates with Aeva to Bring New LiDAR to Market

ruth
2 minutes

KARIYA, JAPAN, Jan 20, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, has announced a partnership with U.S. LiDAR and perception systems company, Aeva, to develop next-generation sensing and perception systems. Together, the companies will advance Frequency Modulated Continuous Wave (FMCW) LiDAR, a groundbreaking solution that measures velocity, in addition to depth and reflectivity, and bring it to the mass vehicle market. LiDAR plays a key role in automated driving and advanced driver-assistance systems. At present, most LiDAR systems use the Time of Flight (TOF) method to operate. This method accurately detects the distance and direction of objects by emitting pulse laser beams and measuring the time taken to receive the beams reflected by the objects. It can detect the positions of objects around a vehicle with high resolution, and is expected to provide high-performance detection.Founded in 2017 by former Apple engineers Soroush Salehian and Mina Rezk, Aeva is developing LiDAR with a new measurement method called FMCW. Unlike the TOF LiDAR, FMCW LiDAR detects not only the distance and direction of objects but also measures the moving speed of objects by emitting l...

SeaPRwire
Read More

81-year-old man allegedly ran massage business where sexual service was provided during circuit breaker

aseanpr
2 minutes

SINGAPORE - An 81-year-old man was on Wednesday (Jan 20) accused of operating an unlicensed massage business during the circuit breaker last year, where a woman working for him allegedly provided sexual services on the premises. As part of a move to address the Covid-19 outbreak, non-essential businesses like massage establishments were ordered to be shuttered during the circuit breaker period from April 7 to June 1 last year. Despite this, Too Seng San is said to have run an unlicensed massage establishment at Tai Kang Yang Seng TCM Therapy at Block 201 Hougang Street 21 on April 17 last year. According to court documents, the woman working there had allegedly provided sexual services. Too, who was supposed to ensure that she did not perform such acts, had allegedly failed to do so. Separately, the Singaporean man is also accused of operating another unlicensed massage business in 2019. He is said to have operated Kang Le Yang Sheng TCM Therapy at Block 115 Aljunied Avenue 2 on Sept 25 that year. Too is now accused of three offences linked to massage establishments and an offence under the Covid-19 (Temporary Measures) Act. The pre-trial conference for his case will be held on Feb...

SeaPRwire
Read More

Greenbriar Is Providing Montalva Update

pandora
3 minutes

Coquitlam, British Columbia, Jan 18, 2021 - (ACN Newswire) - Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar") is pleased to announce that on January 20th, 2021, a new President will be sworn into office in the United States. The Company believes the new administration and the House and the Senate, which is majority controlled by the same political party of the new President, will strongly advocate for the FOMB (Federal Oversight and Management Board) to approve the previously approved 593MW of solar projects, including Montalva.Although the exact day is not known by Greenbriar, we do know that the US Congress is specifically aware of the significant financial savings and health benefits to the Puerto Rican ratepayer in having these approved contracts accepted by the FOMB.Puerto Ricans have had to suffer for decades with extremely high priced electrical generation that was also dirty, hazardous, inefficient and costly to human health and dependent on foreign oil sources. The technology was 60 years old and virtually no modern society in North America, except Hawaii and some Caribbean islands, burn dirty oil to produce electricity.All of the solar projects, inclu...

ACN Newswire
Read More

Singapore online brokerage Tiger Brokers sees strong retail investor growth in Q4 2020 with 108% increase in new user sign ups

indie
7 minutes

SINGAPORE, Jan 20, 2021 - (ACN Newswire) - Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers https://www.tigerbrokers.com.sg/) today announced that they saw 108 per cent growth in the number of new investors in Q4 2020 as compared to Q3 2020, with trading volume increased by 215 per cent also on a quarter on quarter basis. Since February 2020, Tiger Brokers also saw the increase in Gen Z investors on the platform, which made up 30 per cent of Singapore's customer base.Tiger Brokers also announced four new strategic partnerships with financial technology provider, Iress, one of the largest and most active online trading communities, TradingView, Global financial market data and infrastructure provider, Refinitiv, and Asia's leading Financial Group, DBS. These partnerships are aimed at strengthening their online platform, by allowing investors to gain access to best-in-class and up-to-date financial information so that they will be well-informed before making their investing decisions in real time, as well as allowing investors instant fund transfer into the Tiger Trade platform respectively.In addition, Tiger Brokers also announced the launch of their new product...

SeaPRwire
Read More

Wall Street’s top banks widen gulf with rivals amid pandemic

elean
4 minutes

NEW YORK (BLOOMBERG) - Evidence is mounting that Wall Street's top investment banks spent the pandemic building up their leads. As the banner year for markets came to a close, JPMorgan Chase & Co posted record profit in the fourth quarter, helped by a 20 per cent increase in revenue from trading, a business where it already ranked No. 1 heading into the turmoil. At rival Goldman Sachs, second only to JPMorgan in dealmaking, a flurry of transactions helped send its quarterly profit soaring 135 per cent. The results - from JPMorgan on Friday (Jan 15) and Goldman on Tuesday - mirrored trends in many corners of industry and society during the shocks set off by Covid-19: The strong got stronger. The latest snapshots from Wall Street are emerging on the eve of Joe Biden's inauguration as US president and amid the ascent of Democrats in the Senate and atop regulators, where critics may more closely scrutinize how companies succeeding in such bleak times use their profits. "What you're seeing is some institutions like JPMorgan and Goldman Sachs were well-positioned for what's going on," said Mark Doctoroff, global co-head of financial institution coverage at Mitsubishi UFJ Financial Group....

SeaPRwire
Read More

Morning Briefing: Top stories from The Straits Times on Jan 20

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Wednesday, Jan 20. New local Covid-19 cluster formed; 8-year-old boy added to para-vet cluster The wife and housemate of a man who tested positive for Covid-19 last Saturday have also tested positive, forming a new local cluster. READ MORE HERE Little chance of honeymoon for Joe Biden amid crises He is inheriting twin crises which require immediate intervention: Covid-19 and a battered economy. READ MORE HERE Trump 'provoked' US Capitol mob, Republican leader Mitch McConnell tells Senate The senator stated publicly for the first time that he holds President Donald Trump at least partly responsible for the assault. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Covid-19 cluster linked to police para-veterinarian is a reminder to be vigilant, say experts Four cases linked to a new cluster did not seek medical treatment even though they fell ill with flu-like symptoms. READ MORE HERE Duty calls for Singaporean males who return from overseas to do NS Many overseas Singaporean males view their two years of NS as their natural duty, despite challenges such as adapting to life here. RE...

SeaPRwire
Read More

Goldman Sachs profit more than doubles amid Covid-19 upheaval

elean
4 minutes

NEW YORK (AFP) - Goldman Sachs reported another blowout quarter on Tuesday (Jan 19) to conclude a highly profitable 2020 despite the coronavirus pandemic, which provided lucrative opportunities to the investment bank while battering much of the US economy. Goldman's profits soared to US$4.4 billion (S$5.8 billion) in the final quarter of the year, more than double the earnings from the same period a year ago, as it scored higher revenues in all four operating divisions and easily topped analyst estimates. The just-ended quarter showed a continuation of the heady trends from Goldman's third quarter: more strength in equity and fixed-income trading amid financial markets volatility and huge growth in financial advising revenues as corporate clients pursued mergers or raised equity against a fast-changing macroeconomic backdrop. And amid coronavirus-induced restrictions on movement, the financial giant saw lower travel and entertainment costs. Chief executive David Solomon praised the company's performance, but cautioned that the outlook for the global economy remains dependent on getting Covid-19 under control with a successful vaccination campaign. "I urge political leaders at all l...

SeaPRwire
Read More

US stocks gain on inauguration eve, Yellen call for stimulus

elean
2 minutes

NEW YORK (AFP) - Wall Street stocks won solid gains on Tuesday ((Jan 19) as markets anticipated the presidential inauguration of Joe Biden while Biden's Treasury secretary nominee reiterated a call for aggressive stimulus spending. Janet Yellen, the former Federal Reserve chairman nominated to lead economic policy, during her Senate confirmation hearing called for Washington to "act big" to support the coronavirus-ravaged US economy. The Dow Jones Industrial Average gained 0.4 per cent to finish at 30,930.52. The broad-based S&P 500 rose 0.8 per cent to end at 3,798.91, while the tech-rich Nasdaq Composite Index jumped 1.5 per cent to 13,197.18. Stephen Innes, chief global market strategist at Axi, said the uptick reflects "the market giving the Biden policy agenda an early stamp of approval" a day before his administration takes office. Among individual companies, General Motors shot up 9.8 percent after announcing an alliance with Microsoft on its Cruise autonomous driving venture. Microsoft gained 1.8 per cent. Boeing won 3.1 per cent as the European Union Aviation Safety Agency said it would clear the company's 737 Max plane to resume flights next week, 22 months after the jet ...

SeaPRwire
Read More

New local cluster formed; 8-year-old boy is latest case in para-vet group

aseanpr
3 minutes

The wife and the housemate of a 33-year-old Chinese national who tested positive for Covid-19 last Saturday have also tested positive for the infection, forming a new local cluster, according to the Ministry of Health (MOH) in a statement last night. The two Chinese nationals are work permit holders who were identified as close contacts and put on quarantine last Friday. Both tested positive on Sunday. The woman is 48 years old and is employed as a food processing worker at Soon Lee Heng Satay Foodstuff Manufacturer located in Woodlands Loop, while the housemate - a 31-year-old man - is a co-worker of the previous case at Golden Bridge Foods Manufacturing in Senoko. The announcement of this new cluster follows the warning on Monday by multi-ministry task force co-chair Lawrence Wong that additional measures may be necessary as community cases inch up in Singapore. Mr Wong is also the Education Minister. This is the second local cluster that has been discovered in recent weeks. MOH also reported that another case has been linked to the para-vet cluster, bringing the number of cases to seven. The latest case linked is an eight-year-old boy who is the son of an administrative officer ...

SeaPRwire

S’pore appoints new ambassadors to Vietnam, Israel

aseanpr
2 minutes

The Government has appointed two new ambassadors - Mr Jaya Ratnam to Vietnam and Mr Lim Chuan Poh to Israel - the Ministry of Foreign Affairs (MFA) announced yesterday. A career diplomat, Mr Ratnam has been with the foreign service since 1991 and was Singapore's Ambassador to the Kingdom of Belgium from July 2016 to December last year. Prior to that, he was Singapore's High Commissioner to Brunei Darussalam - from June 2012 to March 2016. A graduate of the National University of Singapore and Johns Hopkins University, Mr Ratnam has received awards for his work in the civil service, including the Public Administration Medal (Silver) in 2012 and Long Service Medal in 2014. He has served in various capacities both in Singapore and abroad, including in roles in the Permanent Mission in Geneva, the Singapore Embassy in Jakarta and the Singapore High Commission in Kuala Lumpur. Mr Lim also received his new appointment yesterday, taking up the role of non-resident ambassador to Israel, said the MFA media statement. He is currently chairman of the Singapore Food Agency, and has served in several high-ranking roles in public office. He was executive chairman of the Agency for Science, Techn...

SeaPRwire
Read More

How full employment became Washington’s creed

elean
1 minute

WASHINGTON • As incoming US President Joe Biden takes office today, his administration and the Federal Reserve are pointed towards a singular economic goal: Get the job market in the United States back to where it was before the pandemic hit. The humming labour backdrop that existed 11 months ago - with 3.5 per cent unemployment, stable or rising workforce participation and steadily climbing wages - turned out to be a recipe for lifting all boats, creating economic opportunities for long-disenfranchised groups and lowering poverty rates. And price gains remained manageable and even a touch on the low side. That contrasts with efforts to push the labour market's limits in the 1960s, which are widely blamed for laying the groundwork for runaway inflation. 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

$1.27b deal to divest 50% of OUE Bayfront to Allianz

elean
4 minutes

The manager of OUE Commercial Real Estate Investment Trust (OUE C-Reit) has agreed to divest a 50 per cent stake in the Reit's OUE Bayfront property based on an agreed value of $1.27 billion, or $3,170 per sq ft, to a special purpose vehicle (SPV) managed by Allianz Real Estate. This comes after The Business Times in November reported both parties were in exclusive due diligence with a view to buying a partial stake in the building, which OUE C-Reit's manager later confirmed but said there was no certainty that any transaction would materialise. OUE Bayfront comprises an 18-storey Grade A office asset, a conserved tower building and an overhead pedestrian link bridge with retail units. It was independently valued at $1.18 billion by Cushman & Wakefield as at end-2020. The $1.27 billion value commands a 7.6 per cent premium over this valuation and exceeds the property's purchase consideration of $1 billion by 26.1 per cent. After taking into account the estimated divestment fee and other divestment-related expenses, OUE C-Reit is expecting to net about $262.6 million of proceeds. In a late night filing on Monday, OUE C-Reit's manager said this will provide it with the financial flex...

ACN Newswire
Read More

DigiCol + AnRKey X Announce True NFT Cross-Platform Interoperability

indie
3 minutes

HONG KONG, Jan 19, 2021 - (ACN Newswire) - DigiCol is excited to announce the first strategic partnership! We now have reached a strategic partnership with AnRKey X(TM)! DigiCol enables lending of ETH/USDT for NFTs locked up in the unique smart contract lending platform.With this new partnership, DigiCol and AnRKey X(TM) aim for true NFT cross-platform interoperability. By enabling compatibility between AnRKey X's Universe Sidechain Collectables NFTs and DigiCol's lending platform, users can earn DGCL rewards for providing liquidity based on the monetary value of the NFT to borrowers.J.D. Salbego, CEO at AnRKey X, said the following about the partnership: "We're excited to be partnering with DigiCol. With this new partnership, AnRKey X has further developed its gamified staking ecosystem plans. The cross-platform interoperability for NFTs between both platforms is also our latest milestone in bringing the future of DeFi gaming to mass adoption. Needless to say, we have great expectations of this partnership, and we look forward to a very fruitful collaboration with DigiCol"DigiCol will be launching the beta Platform in Q1 and the AnRKey X will be launching gamified staking (gStake)...

ACN Newswire

The Fourth Session of the 13th National People’s Congress of Henan Province Opens, Tian Lun Gas expects to benefit from the Provincial “14th Five-Year Plan”

indie
5 minutes

Zheng Zhou, Jan 19, 2021 - (ACN Newswire) - The Fourth Session of the 13th People's Congress of Henan Province and the Fourth Session of the 12th Henan Provincial CPPCC (hereinafter referred to as the "Henan Two Sessions") opened in Zhengzhou on January 18 and January 17, 2021, respectively. At the meeting, the "14th Five-Year Plan" and long-term goals for 2035 were put forward, in which the implementation of rural construction activities was placed in an important position. The government work report mentioned that in 2021, the upgrade of rural infrastructure will be accelerated, the implementation of the "gasification village" project will be accelerated, and 2 million rural natural gas users will be added. As a pioneer and important participant in the gasification of rural areas in Henan Province, China Tianlun Gas Holdings Co., Ltd. (1600.HK, hereinafter referred to as "Tianlun Gas" or "Company") will benefit from this policy.According to reports from Henan Dahe Finance Cube,in Henan, Tianlun Gas is the pioneer and leader of rural gas construction. In July 2018, Yuzi Holding and Tianlun Gas jointly established Henan Yutian New Energy Co., Ltd. (hereinafter referred to as Yutian...

ACN Newswire
Read More

Moonstake Enters a Strategic Partnership with RockX to Support the Polkadot (DOT) Ecosystem

indie
4 minutes

Moonstake started in the staking business last year with the aim to create the largest staking network in Asia. Moonstake has developed both Web wallets and Mobile wallets (iOS/Android) providing staking services. After a full-scale operation launched in August 2020, Moonstake's total staking assets grew rapidly to reach USD 50 Million. By December, staking assets grew to USD 100 Million. Currently, Moonstake has over USD 200 Million in staked assets.In Jan of this year, Moonstake announced the support of staking Polkadot's cryptocurrency in Moonstake's Wallet. DOT is top 5 cryptocurrencies by market cap. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano and Qtum, DOT became the 9th available coin on Moonstake Web Wallet.RockX is a digital assets platform that offers risk-adjusted crypto investment for the masses and allows users to compound their crypto holdings through mining, staking, and other DeFi products. Recently, RockX announced that they launched a USD20 Million investment program for the Polkadot ecosystem. The funding, capped at a maximum of USD 500,000 worth of DOT tokens per project, will be provided alongside technical support.Polkadot is a next-generation blo...

SeaPRwire
Read More

S’pore has role in fostering global cooperation amid challenges to multilateralism: Experts

aseanpr
5 minutes

SINGAPORE - Multilateralism is far from perfect, but in a world where challenges such as Covid-19 are increasingly global and transborder in nature, Singapore has a role to play in helping the world build back stronger and stem the fraying of global cooperation. This was the conclusion drawn by a group of panellists on the third day of a four-day Singapore Perspectives conference organised by the Institute of Policy Studies. Speaking on the topic "Multilateralism and Global Cooperation" on Tuesday (Jan 19), Professor Joseph Liow, Tan Kah Kee chair in comparative and international politics at the S. Rajaratnam School of International Studies, said multilateralism has been important to Singapore's foreign policy and even its very existence. "Though international law and international organisations are not perfect instruments, they remain important as levellers especially for small states (such as Singapore)." He said that despite the pushback against multilateralism and global cooperation, Singapore must continue to stress the importance of an open economy and trading system. "We must continue to plug into these global networks in order to allow our companies and small and medium-siz...

SeaPRwire
Read More

S’pore plans for more than 30 new Covid-19 jab centres as it ramps up vaccine drive

aseanpr
5 minutes

SINGAPORE - Singapore is preparing to take its vaccination programme into high gear as the pandemic continues to rage around the world, with plans for new centres and roving teams that could potentially deliver over 70,000 shots daily across the island. The Ministry of Health (MOH) wants to appoint a vendor to set up 36 Covid-19 vaccination centres from February, according to tender documents seen by The Straits Times. These centres should be able to cater to at least 2,000 people a day. The vendor will also set up 10 mobile teams to provide mass vaccinations for sites such as nursing homes. The centres and the teams will be set up progressively and the number required is subject to change. Vaccination sites could include vacant schools, community clubs and sports halls. The assigned vaccination centres will operate for up to 12 months. With the nation aiming to complete all vaccinations this year (2021), appointed vendors will also have to make sure that vaccines are stored and handled properly, and that supply is sufficient. This includes ensuring strict compliance with the cold chain management of the Covid-19 vaccines, which must be transported in a temperature-controlled envir...

SeaPRwire
Read More

Woman charged with illegal transfers involving funds from scam victims

aseanpr
3 minutes

SINGAPORE - A woman who allegedly provided illegal transfers involving money from victims of online scams was hauled to court on Tuesday (Jan 19). Maslenie Mohamed Ramli, 38, was slapped with two charges under the Moneylenders Act and one charge under the Payment Services Act. According to court documents for the charge under the Payment Services Act, she allegedly provided domestic money transfer services and received $4,855 across 13 transactions to her POSB account in May last year for the purpose of carrying out transactions to a local bank account. She did not have a valid licence to do so and was not an exempt payment provider. The police said she claimed to have responded to a job advertisement online and was employed as an account personnel to perform the bank transfers. Maslenie was allegedly promised a daily commission for assisting in providing payment services using her bank account. The funds, however, were found to be proceeds of crime from victims of online scams. The two charges under the Moneylenders Act pertain to her allegedly assisting an unlicensed moneylender by providing her ATM cards to him in 2018. She told the court on Tuesday that she is disputing the cha...