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Singapore, Hong Kong office Reits prove resilient in post-virus world

elean
3 minutes

The office may never reach its past heights in the post-pandemic world, but the outlook for Singapore and Hong Kong offices is promising. Relatively small homes in these cities, short commutes to work and new tech firm tenants bode well for property trusts that focus on these markets. Domestically focused real estate investment trusts (Reits) in these hubs have outperformed their peers in Australia and Japan this year, and continue to rise on the back of a rotation to economically sensitive stocks. Hong Kong's Champion Reit, whose tenants include Citigroup, Singapore's Keppel Reit and Mapletree Commercial Trust, has beaten baskets of equally weighted trusts in Australia and Japan, according to Bloomberg-compiled data. To be sure, no one expects Singapore and Hong Kong offices to be left unscathed from the pandemic. Companies like Citigroup, Mizuho Financial Group in Singapore and Macquarie Group in Hong Kong are giving up office space as demand wavers and they confront a future of some remote work. Singapore's vacancy rates have already risen to 4.9 per cent in the third quarter from 3.3 per cent a year earlier, while the rates for Hong Kong's Grade A office spaces were up at 9 per...

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SPH to continue media business transformation

elean
3 minutes

Singapore Press Holdings (SPH) will continue to invest in transforming the media business to keep up with changing consumer habits, especially with the coronavirus pandemic's impact on the business. Its property segment, including purpose-built student accommodation (PBSA) and retail, was also identified as an area for growing recurring income, said SPH chief executive Ng Yat Chung at the company's annual general meeting yesterday. He told a virtual audience: "SPH is facing a challenging media landscape. We have not been spared from rapid changes disrupting the news media industry everywhere. Consumer habits are changing, and they are increasingly moving to digital media. "As a result, our media business faced a steady decline in both print advertising and print subscription revenue. And these are traditionally our largest revenue and profit drivers. The Covid-19 pandemic this year has further exacerbated these challenges." SPH had earlier reported its first net loss of $83.7 million, for the year that ended on Aug 31. One of the strategies, moving forward, is to grow income from its property segment, Mr Ng said. He said in response to shareholder questions that about 60 per cent o...

JCN Newswire
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Toyota’s Global Sales and Production Up Year-on-Year in October for Second Consecutive Month

ruth
2 minutes

Toyota City, Japan, Nov 27, 2020 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for October 2020 as well as the cumulative total from January to October 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Global SalesResults in October were driven primarily by sales in the U.S. and China, and global sales were up approximately 8 percent year-on-year.U.S.The market as a whole is trending toward recovery, and sales of the Camry, RAV4, and Lexus brand models were strong, resulting in a new record high for October.ChinaIn addition to measures to attract customers to dealers including regional motor shows, sales of the Corolla, Levin, and Lexus brand models were strong, and as a result, sales were up approximately 33 percent year-on-year, the seventh consecutive year-on-year increase.Global ProductionResults in October were driven primarily by production in China and Japan, and production was up approximately 9 percent year-on-year.ChinaStrong sales of the Levin and Corolla had an impact, and production was up approximately 10 percent year-on-year.JapanIn addition to recovery of the global market, sa...

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Honda Added to the Dow Jones Sustainability World Index

ruth
2 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. has announced that the company was selected for the fourth consecutive year as a component of the Dow Jones Sustainability World Index (DJSI World). The Dow Jones Sustainability Indices (DJSI) serve as one of the key benchmarks for socially responsible investing*.The DJSI are the investment indices run by the U.S.-based S&P Global Inc. who evaluate sustainability of the world's leading companies in terms of economic, environmental and social criteria and select companies that demonstrate overall excellence for the indices.Based on their annual DJSI review, S&P Global Inc. published the components list and Honda was selected as a component of the Dow Jones Sustainability Asia/Pacific Index for six consecutive years. In the review, Honda was also ranked in the top 4 for the global Automobile sector and added to the DJSI World.Honda issued the "Honda SUSTAINABILITY REPORT 2020" summarizing Honda's approach and initiatives to sustainability. For more information, please visit https://global.honda/about/sustainability.html.Through unique creations and challenges as a mobility company, Honda will continue providing appe...

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Honda Sets Monthly Records for Automobile Production in Asia and China

ruth
2 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of October 2020.World Production- Production in Japan experienced a year-on-year increase for the second consecutive month.- Production in regions outside of Japan experienced a year-on-year increase for the second consecutive month.- Worldwide production experienced a year-on-year increase for the second consecutive month.Sales in the Japanese Market- Total Japanese sales experienced a year-on-year increase for the first time in 13 months.- New vehicle registrations experienced a year-on-year increase for the first time in 13 months.- Sales of mini-vehicles experienced a year-on-year increase for the first time in eight months.- Fit was the industry's seventh best-selling car among new vehicle registrations for the month of October 2020 with sales of 9,000 units. Freed was the industry's eighth best-selling car among new vehicle registrations for the month of October 2020 with sales of 7,849 units.- N-BOX was the industry's top-selling car in the mini-vehicle category for the month of October 2020 with sales of 16,0...

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AbbVie and Eisai Announce an approval for additional indication of HUMIRA

ruth
3 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - AbbVie GK and Eisai Co., Ltd. today announced an approval of additional indication of HUMIRA (generic name: adalimumab [recombinant], hereafter "HUMIRA"), a fully human anti-TNFalpha monoclonal antibody, for the treatment of pyoderma gangrenosum (hereafter "PG"). HUMIRA was granted orphan drug designation for the treatment of PG in 2019. This indication counts for HUMIRA's 12th indication in Japan and makes HUMIRA the world's first drug indicated for the treatment of PG.This approval of the additional indication is based on the data from the Japanese phase III clinical trial(1) conducted in Japanese patients. This study was conducted to evaluate the efficacy and safety of HUMIRA targeting the patients with active ulcers in Japan who were diagnosed with PG but were not sufficiently effective with local treatment, or who were judged to be unsuitable for local treatment. The proportion of patients achieving at 100 (targeted PG ulcer healed) of the target pyoderma gangrenosum ulcer area reduction (PG Area Reduction: PGAR) at Week 26 of administration, which is the primary endpoint of this trial, was 54.5% (12 of 22 patients)1. The most common adve...

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MHI Thermal Systems Develops Air Conditioners using R32 Refrigerant for the European Market

ruth
3 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a Mitsubishi Heavy Industries (MHI) Group company, is launching a line of single fan and multiple room outdoor unit air conditioners for buildings that use R32 refrigerant. Launched specifically for the European market, the systems will sell through MHI subsidiary Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd. (MHIAE).Available from December 2020, the product lineup will include six models with capacity up to 4, 5, and 5.5 horsepower, each available in either the single-phase alternating current (AC) common in ordinary homes, or the three-phase AC used in factories and other facilities that consume a lot of electricity. As countries throughout the world are shifting to refrigerants with less environmental impact, such as R32. The highly anticipated product lineup will respond to the decline of R410A refrigerant usage, a common option in Europe in the air conditioning market up to now.The series will optimise the company's top-selling model in the European market, the Micro KX series with the R32 refrigerant variant. The latest model will keep its current single...

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Mitsubishi Power Concludes Licensing Agreement with Aubert & Duval, Leading Manufacturer of Additive Manufacturing Metal Powders

ruth
3 minutes

YOKOHAMA, Japan, Nov 27, 2020 - (JCN Newswire) - Mitsubishi Power, Ltd., a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has concluded an agreement with Aubert & Duval, a leading European manufacturer of special alloys and metal powders, on technology licensing related to the specific composition and manufacturing of metal powders used as materials for metal additive manufacturing (AM)(1).Prototype of small class gas turbine combustor component (MHA3300 ) Cut model of small class gas turbine stationary vane (MHA3300)AM-ZoneThe agreement paves the way to full-scale inauguration of Mitsubishi Power's AM business in which the company will apply its proprietary technologies accumulated through its operations in gas turbines and other thermal power systems. In September this year, Mitsubishi Power created the AM-Zone within its Hitachi Works in Ibaraki Prefecture to serve as a development and manufacturing base for the AM business. This new facility is equipped with powder manufacturing equipment and metal AM systems of all kinds, and is capable of fully integrated production -- from the development of powder and wire materials to metal AM and product finishing.Mitsubishi P...

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Mazda Production and Sales Results for October 2020

ruth
2 minutes

HIROSHIMA, Japan, Nov 27, 2020 - (JCN Newswire) - Mazda Motor Corporation's production and sales results for October 2020 are summarized below.I. Production1. Domestic ProductionMazda's domestic production volume in October 2020 increased 2.8% year on year due to increased production of passenger vehicles.[Domestic production of key models in October 2020]CX-5: 40,806 units (up 26.9% year on year)MAZDA3: 14,768 units (up 14.5%)CX-3: 8,094 units (up 81.0%)2. Overseas ProductionMazda's overseas production volume in October 2020 increased 8.3% year on year due to increased production of passenger vehicles.[Overseas production of key models in October 2020]CX-30: 13,912 units (up 646.0% year on year)MAZDA3: 9,134 units (down 36.3%)MAZDA2: 8,057 units (up 30.6%)II. Domestic SalesMazda's domestic sales volume in October 2020 increased 13.5% year on year due to increased sales of passenger vehicles.Mazda's registered vehicle market share was 4.3% (down 1.0 points year on year), with a 2.1% share of the micro-mini segment (up 0.4 points) and a 3.4% total market share (down 0.5 points).[Domestic sales of key models in October 2020]MAZDA2: 2,159 units (down 5.7% year on year)CX-5: 1,831 unit...

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Mazda CX-30 Named Thailand Car of the Year 2020

ruth
2 minutes

HIROSHIMA, Japan, Nov 27, 2020 - (JCN Newswire) - Mazda Motor Corporation's crossover SUV, Mazda CX-30, has been named Thailand Car of the Year 2020 by the Thai Automotive Journalists Association. This is the third time in history and the second year running that a Mazda vehicle takes the award after the Mazda3 and CX-3 won the award in 2019 and 2016 respectively.MAZDA CX-30The CX-30 was chosen as the top pick among seven finalists by a judging panel comprised of over 60 automotive journalists.The CX-30 is a compact crossover that combines the bold proportions of an SUV with elegant styling that embodies Mazda's Kodo design language. The vehicle is brought to life through reflections of the surroundings on its body that beautifully change according to the vehicle's movement, location and the season. Furthermore, the CX-30 enriches time spent with loved ones with its cabin that comfortably sits four adults and offers a high level of quietness, as well as the vehicle's high-quality interior that has been refined down to the smallest details.Since February 2020, the Thai specification model of the CX-30 has been locally produced at AutoAlliance (Thailand) Co., Ltd.Mazda continues its ...

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Mazda: Production Facility in Thailand, AutoAlliance (Thailand), Celebrates its 25th Anniversary

ruth
2 minutes

HIROSHIMA, Japan, Nov 27, 2020 - (JCN Newswire) - Alliance (Thailand) Co. Ltd. (AAT), a joint venture production facility of Mazda Motor Corporation and Ford Motor Company in Thailand, this month celebrates the 25th anniversary since its establishment.Established in November 1995, AAT has utilized combined strength and synergy effect of Mazda and Ford. The plant began production of pickup trucks for Ford and Mazda in July 1998 and completed its passenger vehicle plant in July 2007. Mazda models produced at the plant include Mazda BT-50 pickup truck whose production began in February 2006; Mazda2 in September 2009; Mazda3 in February 2011; Mazda CX-3 in October 2015 and Mazda CX-30 in November 2019. Currently, the plant produces more than 100,000 Mazda vehicles per year, and Mazda positions AAT as one of the company's most important production facilities that supports its business and brand."Established in 1995, this joint venture between Ford and Mazda is the one of the longest-serving and most successful partnerships in the automotive industry," said Kelvin Kearns, President & CEO, AAT. "AAT continues to be a strategic production hub for both companies, and we are proud to pro...

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The International Forum on Higher Education 2020 held in Zhengzhou, China

pandora
3 minutes

ZHENGZHOU, CHINA, Nov 26, 2020 - (ACN Newswire) - The International Forum on Higher Education 2020, co-hosted by China Association of Higher Education and Zhengzhou University, supported by Henan Provincial People's Government, was held in Zhengzhou on November 21-22. More than one hundred Chinese and foreign experts and scholars discussed the modernization of higher education on the theme of "Accelerating Modernization of University Governance Systems and Capacity Building". International Forum on Higher Education 2020, Zhengzhou Conference Venue Address by Zhong Denghua, member Party Leadership Group and Vice Minister of Education P.R.C Keynote by Du Yubo, President of the China Association of Higher EducationIn the opening address, the Chinese Vice Minister of Education, Zhong Denghua pointed out that it was necessary to combine the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party in order to understand the achievements in higher education development, which would further strengthen confidence in the higher education system. And then focus on the construction of a strong education country, enhance the ability and level of service to construct a new ...

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Jacobson Pharma Announces FY2021 Interim Results

indie
6 minutes

HONG KONG, Nov 27, 2020 - (ACN Newswire) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaged in the research, development, production, marketing and sale of generic drugs and proprietary medicines, today announced the interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 September 2020 (the "reporting period").During the reporting period, the Hong Kong and global economies continued to be battered by the COVID-19 pandemic ("the Pandemic"). Against the backdrop of a hard-hit consumer market, which was partially mitigated by impact relief and cost-saving measures, the Group posted total revenue of HK$695.4 million for the reporting period, representing a decline of 8.2% over the previous period. Profit attributable to shareholders softened by 19.4% to HK$102.5 million.The Group maintains a healthy financial position with cash and cash equivalents of HK$479.5 million. Net gearing ratio also improved from 43.6% at the end of FY2020 to 39.5% as at the end of this reporting period. The Board has resolved to declare an interim dividend of HK0.8 cents per share (1H FY202...

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Regina Miracle Announces FY21 Interim Results

indie
13 minutes

HONG KONG, Nov 27, 2020 - (ACN Newswire) - Regina Miracle International (Holdings) Limited ("Regina Miracle" or the "Company," together with its subsidiaries, collectively the "Group") (HKEX: 2199), a leading global intimate wear company boasting an Innovative Design Manufacturer ("IDM") business model, has announced its unaudited interim results for the six months ended 30 September 2020 (the "Period"). During the Period under review, the global economy was battered by the COVID-19 pandemic. The Group recorded a revenue of HK$2,517.6 million (1HF2020: HK$3,128.7 million) amid the difficult operating environment, representing a year-on-year decline of 19.5%. The decrease in revenue inevitably led to the deleveraging of operations, with gross profit down by 30.8% to HK$487.0 million, and gross profit margin down to 19.3% (1HF2020: approximately HK$703.7 million and 22.5%, respectively). However, owing to the Group's efforts to proactively broaden sources of income and reduce expenditures, the Group recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) of HK$288.3 million with an EBITDA margin of 11.5% (1HF2020: approximately HK$441.8 million and 14.1%, res...

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Fujitsu Develops Virtual Router Acceleration Technology to Deliver Ultra-High-Speed Packet Processing Performance

ruth
7 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced the development of technology to accelerate virtual routers, which play a major role in the functionality of networks in virtual environments.Figure 1: High Speed Packet Addressing Control TechnologyFigure 2: Hybrid Memory Management TechnologyServer virtualization, which concentrates multiple applications and the infrastructure functionality of network processing in a general-purpose server environment, is spreading beyond datacenters to the field of edge computing, including wireless base stations and Mobile Edge Computing (MEC)(1). The technology also proves useful in areas including societal infrastructure with applications like traffic management, and in entertainment, where it can be used to deliver viewers content like sporting events. As data volumes increase and systems become increasingly complex, however, the CPU resources required for packet processing in a virtual network increase. This reduces the number of applications that can run on a single server, and leads to lower server aggregation rates.To resolve this issue, Fujitsu Laboratories has now developed technology to accelerate packet ...

ACN Newswire

NIU Technologies Announced Q3 2020 Financial Results: Revenue up 36.7% YoY, Total Volume of E-scooter Sales up 67.9% YoY

indie
3 minutes

HONG KONG, Nov 27, 2020 - (ACN Newswire) - NIU Technologies ("NIU", or "the Company") (NASDAQ: NIU), the world's leading provider of smart urban mobility solutions, announced its financial results for Q3 2020.Driven by Strong Growth in the China Market, Revenues and E-scooter Sales Volume increased significantlyFor Q3 2020, the revenue is RMB 894.5 million, which is an increase of 36.7% YoY. The net income is RMB 80 million for Q3 2020, compared with RMB 66.4 million in Q3 2019. The adjusted net income (non-GAAP) is RMB 90.6 million, compared with RMB 72.5 million in Q3 2019. Due to strong growth in China, the number of e-scooters sold reached 250,889 units, which is 67.9% YoY. The number of e-scooters sold in China reached 245,293, which is up 70.2% YoY. E-scooter sales revenues from China market is RMB 740.8 million, an increase of 39.2% YoY, which represents 92.6% of total e-scooter revenues. The increase is mainly driven by retail network expansion and new product launches in China. During Q3 2020, the number of franchised stores in China reached 1,266, which is an increase of 182 stores from Q2 2020. In the international market, the number of e-scooters sold reached 5,596 unit...

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NS registration starts on Dec 2 for men born between Oct 1, 2003, and Jan 1, 2004

aseanpr
2 minutes

SINGAPORE - Male Singapore citizens and permanent residents born between Oct 1, 2003, and Jan 1, 2004, must register for national service from next month. Registration begins on Dec 2, and ends on Dec 22, the Ministry of Defence said in a statement on Friday (Nov 27). Registrants may apply online or in person at the Central Manpower Base (CMPB) Podium at 3 Depot Road. Online registration is recommended, as there might be a queue for walk-in registration. Registrants can apply online or in person to postpone their enlistment to complete their studies in Singapore. They must do this after they register for NS but before they start service. If successful, the registrant will receive further notice as to when he must report for enlistment and go for his medical examination. All other registrants who do not meet the postponement criteria or are unsuccessful in applying for it, must pick a date between Jan 27, 2021 and March 2, 2021 for their medical screening, and turn up on the appointed date at CMPB from 8am to 1pm. Under the Enlistment Act, all male citizens and Singapore PRs are liable for NS registration upon reaching the age of 16½ years old. More on this topic Related Story SAF t...

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NKF opens new dialysis centre in Yishun Community Hospital, first built within hospital compound

aseanpr
2 minutes

SINGAPORE - The National Kidney Foundation (NKF) opened a new dialysis centre on Monday (Nov 23), the first to be built within a hospital compound so patients can access different medical treatments more easily. The dialysis centre is located within Yishun Community Hospital (YCH), which is adjacent to Khoo Teck Puat Hospital (KTPH). KTPH is an acute hospital where patients receive short-term treatments like operations for severe injuries or illnesses, while community hospitals like YCH focus on their recovery afterwards. With the new centre, a dialysis patient discharged from KTPH after heart surgery, for example, can receive both rehabilitative care and dialysis at YCH. Likewise, a dialysis patient at YCH who requires acute treatment can be easily transferred to KTPH. Keppel Corporation donated $2 million to the NKF for the new dialysis centre. Keppel chief executive Loh Chin Hua said: "Through this partnership, Keppel hopes to support NKF in ensuring that its patients are able to receive safe and convenient dialysis treatment." The new dialysis centre is equipped with 22 stations which can serve up to 132 haemodialysis patients. They are treated by inserting two needles - one to...

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Seoul Garden in Tampines Mall closed for disinfection after visit by customer later found to have Covid-19

aseanpr
3 minutes

SINGAPORE - The Seoul Garden outlet in Tampines Mall, which was visited by Singapore's latest Covid-19 case in the community, has been closed until further notice. When The Straits Times visited the restaurant at about 10.50am on Friday (Nov 27), a Seoul Garden employee was putting up a notice that read: "We are closed. Sorry for the inconvenience caused." The worker told ST it will be closed until further notice, as the restaurant was preparing for disinfection. It was last open on Thursday. ST understands that it was waiting for an external company to disinfect the premises, and that an officer from the National Environment agency had spoken to the restaurant's staff. Around noon, two staff from professional cleaning firm Clean Solutions arrived at the outlet, carrying a high pressure jet cleaner and containers of cleaning solutions. After decking themselves in full protective gear, masks and goggles, they disinfected the food counters, windows, tables and pillars in the restaurant with the high pressure jet cleaner. They also wiped down the cashier's counter, and items such as credit card terminals. The two Clean Solutions staff left the outlet after about an hour. "After disinf...

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Crowds turn up in Orchard Road on Black Friday morning even as sales move online

aseanpr
2 minutes

SINGAPORE - Healthcare worker Hilda Khoo beat out about 400 other shoppers to be first in line to enter Takashimaya on the morning of the annual Black Friday sales event, which fell on Nov 27 this year. The queue to enter the department store ran from the first floor to the basement, with crowds leaving at least a 1m space for social distancing. Mrs Khoo, 54, took leave on Friday to buy household items, as she had recently moved to a new home. She was at Takashimaya 50 minutes before the opening time of 11am. "I thought there would be more of a crowd," she said. She was one of many who showed up at physical stores across Singapore despite more Black Friday sales moving online. "I'm not the type who can shop online. I like to touch and feel fabrics, and I can't visualise the colour or texture when I see it on screen," she added. Black Friday sales started in the United States as a way to mark the start of Christmas shopping. On the first Friday after Thanksgiving Day on Nov 26, stores push out items at discounts. The Straits Times walked along the Orchard Road shopping stretch on Friday and found queues were shorter and shops less packed than in previous years. The tone was more mut...