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Huatai Securities and Bloomberg Establish Global Strategic Collaboration

indie
3 minutes

BEIJING, Nov 18, 2020 - (ACN Newswire) - Huatai Securities Co., Ltd. ('Huatai Securities') and Bloomberg, today jointly established a global strategic collaboration to accelerate digital transformation at one of China's leading securities groups. Harnessing Huatai Securities' financial services expertise and Bloomberg's global technology experience, the two companies will collaborate on financial technology, market-making services, index product development and risk management, among other areas, to further support Huatai Securities' technological transformation and international business expansion. "Technology adoption at global financial institutions over the past year has continued to accelerate, and Huatai Securities is keeping pace. Our investments in the digitization and transformation of our business through big data, artificial intelligence and cloud computing have enabled us to develop a robust financial services ecosystem," said Yi Zhou, CEO of Huatai Securities. "By working with Bloomberg, we will be able to benefit from their technology innovation and decades of experience in financial information services, enterprise solutions and risk assessment. This important collab...

ACN Newswire
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Major Upgrade to the New Moonstake Membership Program

indie
2 minutes

SINGAPORE, Nov 18, 2020 - (ACN Newswire) - Moonstake's total staking asset has increased and successfully achieved in 3 months from the start of full-scale service and the number of users has increased, so the "membership program" that has been used by all users has been significantly upgraded. By this upgrading, now more people can receive many benefits.What is the Moonstake membership program?By introducing users to Monstake's staking, you can receive benefits such as discounts on staking fees and receipt of referral fees. By introducing new users, you can receive various benefits.Moonstake membership program levels and benefits, registration requirementsThere are four levels of membership. Depending on the level, the benefits you can receive and the prerequisites for registration differ. You must be a Gold or above member to receive referral rewards.With this upgrade, free members can also participate in the staking referral program. As long as the referrer performs staking at Moonstake wallet, the staking fee will continue to be up to 10% of the validator fee.With this upgrade, Platinum members, who are paid members, will continue to add benefits, including referral rewards thr...

SeaPRwire
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CPIB warns of fake documents sent on WhatsApp

aseanpr
2 minutes

SINGAPORE - The Corrupt Practices Investigation Bureau (CPIB) has warned about fake documents circulating on WhatsApp claiming to be from the agency. In a statement on Wednesday (Nov 18), the CPIB said that it is aware that some members of the public had received such documents which indicate that certain bank accounts of individuals, companies and third parties will be frozen within 24 hours for investigation into suspected money laundering offences. They will then be asked to pay a fine. The CPIB said the documents feature images of its logo and possibly a sign-off by a CPIB officer. Members of the public should be on the look out for tell-tale signs which show the documents to be fictitious, including errors in spelling or grammar in them. Singaporeans should take the following precautions if they receive such documents: • Call the CPIB's hotline at 1800-376-0000 for assistance to verify their authenticity. • Do not remit or transfer any money for any transactions based on instructions given in or with the documents. • Do not give personal information and bank details to the sender. The CPIB said that it takes a serious view of the impersonation of public agencies for undesirabl...

SeaPRwire
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Over 10 months’ jail for woman whose maid climbed down 15 storeys to escape abuse

aseanpr
4 minutes

SINGAPORE - A woman who repeatedly abused her family's Indonesian domestic helper, before the victim fled by climbing down 15 storeys through a balcony, has been sentenced to 10 months and two weeks' jail. Between January and April 2018, Nuur Audadi Yusoff tormented Ms Sulis Setyowati, 24, multiple times, including by slapping her face and pulling her hair. In passing sentence on Wednesday (Nov 18), District Judge Ronald Gwee said that the physical and mental harm Nuur caused "speak for themselves". He also noted that Ms Sulis risked her life to escape the "torture". The judge said that a deterrent sentence was necessary to send a message that such acts of cruelty are not acceptable. The court heard that Nuur gave Ms Sulis more than $7,000 as compensation a few days ago. The 31-year-old Singaporean pleaded guilty in September to six counts of assault. Nine other charges, mainly for similar offences, were considered during sentencing. At the time of the offences, Nuur was a Singtel employee deployed to support a Ministry of Manpower (MOM) contact centre. Ms Sulis started working in Nuur's Yishun flat in December 2017. Sometime after midnight the following month, Nuur was awakened by...

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Kidsland Joins Forces with Microsoft to Accelerate and Be a Leader in Digital Transformation

indie
3 minutes

HONG KONG, Nov 18, 2020 - (ACN Newswire) - Kidsland International Holdings Limited ("Kidsland" or "the Group"; stock code: 2122), the largest toy retailer and distributor in China, has taken a further step in its pursuit of becoming a show-case leader of digital transformation with Microsoft's intelligent Cloud. The Group will leverage Microsoft's leading technology to create intelligent data analysis and application models for its Mainland business, enhance business resilience, be a leader in digital transformation, and seize new opportunities in retail in the new normal. Despite the challenging business environment this year, Kidsland has always been keeping up with market developments and pursuing digital transformation. Earlier in the year, the Group launched the WhatsApp order placing and home delivery service in Hong Kong, which was well-received by customers in Hong Kong, followed by the LEGO certified online store to provide an Internet shopping platform carrying the most diversified and comprehensive product ranges in Asia Pacific to customers. Ultimately, Kidsland aims to transform into a data-driven, customer-centric platform and digitalized organization that connects wi...

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Zhonghua Gas Holdings Limited Announces Completion of the Subscription Agreement of Issuance of Convertible Bonds Amounting to HK$97,800,000

indie
2 minutes

HONG KONG, Nov 18, 2020 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) together with its subsidiaries (collective namely the "Group") today announces that the completion of the Subscription Agreement of the issuance of the three-year convertible bonds in the aggregate principal amount of HK$97,800,000. The bond Subscriber is the wholly-owned subsidiary of Kai Yuan Holdings Limited (Stock Code: 1215). The net proceeds are intended to be used for the enhancement of the existing business of the Group and working capital.The Board of Directors considers this move presents an opportunity for the Group to strengthen its financial position while optimizing its investor and capital base. It will also set a good foundation for further strategic alliance with the Subscriber. Therefore, the Group is optimistic towards the prospects of the Group.Kai Yuan Holdings Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, is principally engaged in investment holding. One of its substantial shareholders is renowned Chinese entrepreneur Mr. Du Shuang Hua, who was ranked 65th in the Hurun Rich List of 2019. He has extensive businesses covering ...

SeaPRwire
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PSLE results to be released on Nov 25, students can collect from their classrooms

aseanpr
3 minutes

SINGAPORE - The Primary School Leaving Examination (PSLE) results will be released on Nov 25. The Secondary 1 (S1) option forms to select secondary schools must be collected in person and will not be available online, the Ministry of Education (MOE) said on Wednesday (Nov 18). Due to the Covid-19 pandemic, school candidates will collect their results from their classrooms instead of a school hall from 11am onwards. This decision was made to give students "the opportunity to be with their classmates and consult their teachers face-to-face on their next steps" when collecting their results, said MOE. Due to the younger age of PSLE students, a parent or guardian will be allowed to accompany their child or ward to school to collect their results. However, they will need to wait at designated areas in schools and observe safe management measures while the students receive the results in the classrooms. Those who are unwell or are on Quarantine Order, Stay-Home Notice or Leave of Absence on the day of the results release should not return to school to collect their results. Instead, they may view their results online on the Examinations and Assessment Board's (SEAB) results release syste...

SeaPRwire
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Trade show on franchising goes virtual with 53 exhibitors and 77 international brands

aseanpr
2 minutes

SINGAPORE - An annual trade show that brings together the franchising and licensing community kicked off on Wednesday (Nov 18), going virtual for the first time in its 15-year history. Organised by Sphere Exhibits, the Franchising and Licensing Asia (FLA) exhibition will bring businesses, entrepreneurs and investors from countries such as China, South Korea, Japan and the United States. President of FLA Singapore Andrew Khoo said: "Having a virtual show opens up possibilities that never existed before. "We are no longer restricted by geography as the entire world is now the target audience." Some brands looking to expand their franchise network include European yogurt brand Yole, French contemporary furniture manufacturer Gautier and Singapore restaurant operator Tung Lok Group. This year's iteration has 53 exhibitors and 77 international brands participating. Businesses hail from the food and beverage, beauty and wellness and health and fitness sectors, among others. "Franchising and licensing are key modes of internationalisation that can help companies capture growth opportunities, expand and diversify revenue streams. "This is critical in making businesses more resilient to the...

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POWER WEEK AFRICA 2021: An Interactive Virtual Summit for Power & Energy Professionals

indie
4 minutes

AFRICA, Nov 18, 2020 - (ACN Newswire) - Specially designed for the African electric power & energy industry, POWER WEEK AFRICA (20 - 23 April 2021) is the 3rd annual international virtual conference delivering a unique experience for each day of the event. We will be broadcasting live interactive presentations, in-depth panel discussions, and networking sessions from leading experts across the world. Join in from wherever you are online either live or watch the sessions on-demand.You are guaranteed 7 days of learning opportunities inclusive of a 4-day main conference, 3 supplementary workshops, multiple case studies from a wide array of perspectives, expert opinions and unrivalled insights into the African electric power & energy market prospects.The conference promises valuable insights on a diverse range of topics that are critical to the African electric power & energy industry today - renewable energy, climate change & environment, energy transition, energy efficiency, funding, investment facilitation, energy access, policies & regulations, tariffs, capacity development, technology, solar, off grid, public private partnerships, energy storage, digitalisation...

SeaPRwire
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Inbound travellers to Singapore can purchase insurance for Covid-19 related costs

aseanpr
4 minutes

SINGAPORE - Inbound travellers arriving in Singapore can now purchase insurance coverage for Covid-19 related costs incurred during their stay here. Changi Airport Group (CAG) and the Singapore Tourism Board (STB) said in a joint statement on Wednesday (Nov 18) morning that three insurance companies have developed travel insurance products which provide at least $30,000 in coverage for Covid-19 related medical treatment and hospitalisation costs. The minimum coverage sum was decided based on recommendations by the Ministry of Health (MOH), which considered bills for Covid-19 treatment at private hospitals. The three companies providing insurance coverage are AIG Asia Pacific Insurance, Chubb Insurance Singapore Limited and HL Assurance. While AIG and HL Assurance have started selling their insurance products, Chubb's will be available from Nov 27. Under present rules, inbound foreign travellers entering Singapore through various safe travel lanes are required to bear the full cost of medical treatment, tests and isolation, should they be suspected of being infected with Covid-19 or require medical treatment for the virus while in Singapore. As such, the travel insurance plan will h...

SeaPRwire
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Virgin Australia to position itself as mid-market airline, new CEO says

elean
2 minutes

SYDNEY (REUTERS) - Virgin Australia will position itself as a mid-market airline targeting around a one-third share of the domestic aviation market under the ownership of US private equity firm Bain Capital, the airline's new chief executive said on Wednesday (Nov 18). Virgin's shift from being a full-service carrier will mark the end of a decade-long arms race with Qantas Airways for corporate travellers involving lavish airport lounges, celebrity chefs and lie-flat business seats on longer domestic flights. "Australia already has a low-cost-carrier and a traditional full-service airline, and we won't be either," new Virgin Australia chief executive Jayne Hrdlicka said in a statement, in reference to Qantas and its low-cost offshoot Jetstar. "Virgin Australia will be a mid-market carrier appealing to customers who are after a great value airfare and better service." The country's second-biggest airline said it would introduce new on-board food purchase options in economy class but would retain business-class seats and airport lounges in major cities. It would also continue to include checked baggage in its economy-class fares. In-flight Wi-Fi and entertainment remains under review...

SeaPRwire
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ST Engineering to reorganise into commercial and defence & public security clusters

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed ST Engineering will be reorganised into two main clusters from the new year - commercial, and defence & public security, which replace the sector-structure of aerospace, electronics, land systems and marine. The change in structure was announced in a regulatory filing on Tuesday (Nov 17), which ST Engineering said will position the group for its next phase of growth, and propel it towards becoming a global technology, defence and engineering powerhouse. The commercial cluster will drive the group's international growth in commercial aerospace, urban solutions and satellite communications. This cluster combines into one integral unit the group's smart-city technologies and capabilities, which now reside in the four sectors. The commercial aerospace team will continue to drive long-term growth of the aerospace businesses in aero structures and systems, maintenance, repair and overhaul (MRO), and aviation-asset management. Urban solutions and satellite communications teams will drive the group's smart-city business growth, said ST Engineering. The defence & public cluster will integrate capabilities in digital systems and cyber, land s...

SeaPRwire
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Amazon launches online pharmacy in new contest with drug retailers

elean
3 minutes

NEW YORK (REUTERS) - Amazon.com on Tuesday (Nov 17) launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS Health and Walmart. Called Amazon Pharmacy, the new store lets customers price-compare as they buy drugs on the company's website or app. Shoppers can toggle at checkout between their co-pay and a non-insurance option, heavily discounted for members of its loyalty club Prime. The move builds on the web retailer's 2018 acquisition of PillPack, which Amazon said will remain separate for customers needing pre-sorted doses of multiple drugs. Shares of pharmacy chains, drug wholesalers and grocers fell in afternoon trading. Amazon's shares were up nearly 1 per cent. Over the past two years, Amazon has worked to secure more state licences for shipping prescriptions across the country, which had been an obstacle to its expansion into the drug supply chain, according to analyst notes from Jefferies Equity Research. The company founded as an online bookseller has disrupted industries including retail, computing and now potentially pharmaceuticals, drawing criticism of its size and power...

SeaPRwire
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US stocks retreat from records amid Covid-19 gloom

elean
2 minutes

NEW YORK (AFP) - US equities had another bumpy ride on Tuesday (Nov 17), pulling back from new records to close lower as the spike in coronavirus infections undermined tentative optimism about the economic recovery. The bellwether Dow Jones Industrial Average fell 0.6 per cent to end at 29,783.35, after finishing at an all-time high on Monday. The S&P 500, which also closed at a record Monday, lost 0.5 per cent to 3,609.53, while the tech-rich Nasdaq Composite Index dipped 0.2 per cent to 11,899.34. Wall Street has lurched up and down in recent weeks, with changing economic fortunes. The recent rally has been propelled by optimism over news of two successful coronavirus vaccines. But sentiment has been blunted by worries over skyrocketing Covid-19 cases that are leading to new restrictions and undermining hopes economic activity can return to normal soon. Federal Reserve Chair Jerome Powell highlighted the need for caution, noting "significant challenges and uncertainties" about the timing, production, distribution and efficacy of the vaccines. "With the virus now spreading at a fast rate, the next few months may be very challenging," Powell said in a discussion. "So it's probably ...

SeaPRwire
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Retailers and stores fret ahead of holiday season this year

elean
4 minutes

NEW YORK • The formula for retailers on Black Friday is usually pretty simple: Cut prices, stock shelves, prepare for crowds and make sure orders arrive on time. This year - like everything in 2020 - is anything but. America's biggest apparel retailers and department stores are anxious ahead of the crucial holiday period. That is because all the new tools they have hastily rolled out and scaled up amid the global pandemic, such as in-store and curbside pickup and direct shipping from stores, have not really been battle-tested. So if they fail, an already disastrous year could get that much worse. "These companies are used to somewhat regular patterns," said Fitch Ratings retail analyst David Silverman. "All of that has gone out of the window." Companies have laid out how they are getting ready: Kohl's Corp chief executive Michelle Gass, for example, said she is pushing shoppers to retrieve their online purchases in stores, instead of getting them shipped to their homes. This would relieve the company's distribution centres. Old Navy CEO Nancy Green, meanwhile, said the budget apparel chain is shipping more products directly from stores to customers' homes. But it is clear that this...

SeaPRwire
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XIFEI’s Acrylic Cigar Humidor Provides an Easy-to-Use and Quality Storage Solution for Your Favorite Cigars

pandora
3 minutes

Any cigar fan knows how crucial the storage of their cigars is to ensuring the quality of these items. That’s why it’s so important to have a high quality humidor. You spent a lot on your cigars, so you need a humidor jar that ensures your cigars in their best condition. XIFEI understands the importance of a humidor jar for storing cigars, which is why they create a humidor solution that cigar lovers can count on to keep their cigars fresher for longer. https://youtu.be/iHHAmrmH_ic XIFEI is a brand that is known for manufacturing high-end cigar accessories, made with the sole purpose of improve the cigar experience for their customers. In addition to their Acrylic Humidor Jar, this company also is responsible for the All-in-One Cigar lighter, which has pretty much every accessory that one could need when enjoying a cigar on the go. It’s a convenient and compact solution that offers a cigar stand, cigar holder, lighter, and a cigar punch as to improve the experience of the cigar lover no matter where they are. The Acrylic Cigar Humidor Jar stands out among other similar products. The cigar humidor from XIFEI is designed a high-quality acrylic material that is transparent, allowing y...

ACN Newswire
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Bank of America Awards a New Contract Order to RIWI for over $650,000

indie
4 minutes

TORONTO, Nov 17, 2020 - (ACN Newswire) - RIWI Corp. (TSXV: RIWI) (OTC Pink: RWCRF) (the "Company" or "RIWI"), a global trend-tracking and prediction technology firm, announces that BofA Securities has awarded an initial contract order to RIWI for over US$650,000 under its new three-year long-term agreement (the "Agreement"). BofA Securities represents the Bank of America's institutional broker-dealer businesses, including Global Markets, Investment Banking, and Capital Markets.This new contract order is the first request for RIWI data collection services under the Agreement signed between RIWI and BofA Securities on August 1, 2020. Under the Agreement, BofA Securities enjoys the opportunity to issue additional contract orders for RIWI data collection services - in any country of the world and on a broad range of topics affecting the global economy - up to July 31, 2023. This is the second three-year agreement RIWI has won with BofA Securities to date."This new, exciting work reflects RIWI's commitment to client delivery excellence and our commitment to innovative and proprietary data collection techniques for analysts and economists in diverse sectors and with investment interests ...

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Asian Logistics, Maritime and Aviation Conference opens

indie
11 minutes

HONG KONG, Nov 17, 2020 - (ACN Newswire) - The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today, running online for the first time in light of the pandemic. More than 60 experts and leaders from the logistics, maritime and aviation industries will share their insights at the two-day programme.The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened online today. Under the theme "Capturing Opportunities Amidst Volatility", more than 60 experts and leaders from the logistics, maritime and aviation industries share their insights at the two-day event.HKTDC Executive Director Margaret Fong said the Asian Logistics, Maritime and Aviation Conference's online format this year allows the event to move beyond the limits of a physical location to connect global participants to a world of industry insights and expertise....

ACN Newswire
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Kingsoft Announces 2020 Third Quarter Results

indie
5 minutes

HONG KONG, Nov 17, 2020 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2020 ("period under review").During the period under review, the revenue of Kingsoft increased 34% year-on-year to RMB1,397.3 million. Revenue from online games and office software and services and others represented 56% and 44% respectively of total revenue. Gross profit for the third quarter increased 40% year-on-year to RMB1,157.8 million, while operating profit increased 120% year-on-year to RMB361.5 million. Mr. Jun LEI, Chairman of Kingsoft, commented, "The Company maintained a steady performance in the third quarter of 2020. Our outstanding results are mainly attributed to the increasing market recognition of our Kingsoft Office business as well as our continuous innovation in premium games. Regarding office software, Kingsoft Office's licensing business and subscription services have been rapidly growing year-on-year. We continued to explore technology enhancement in the office software industry, optimize our...

SeaPRwire
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Former director of NUS East Asian Institute had behaved inappropriately with subordinate: NUS

aseanpr
3 minutes

SINGAPORE - The National University of Singapore (NUS) has determined that a former director of its East Asian Institute (EAI) had behaved inappropriately with a subordinate by hugging her without her consent during a work meeting. In a statement issued on Tuesday (Nov 17), the university said that Professor Zheng Yongnian's behaviour "was inappropriate in a professional setting" and had breached the university's code of conduct for staff. He would have been given a written warning accordingly, but as Prof Zheng has left the university, NUS recorded the outcome of its internal review in its staff records, said the university. Various sexual harassment allegations involving Prof Zheng had surfaced in August and September on social media, with social media users, who identified themselves as NUS staff, accusing Prof Zheng of harassing them. In September, the academic, through his lawyers, categorically denied all such allegations, adding that his resignation from the university was unrelated to the allegations and complaint against him. The 58-year-old professor left NUS in September this year (2020) and is understood to have joined the Chinese University of Hong Kong in Shenzhen as ...