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DAVE Alliance Set To Redefine How Big Data Companies Collaborate

indie
4 minutes

SINGAPORE, Nov 13, 2020 - (ACN Newswire) - CyberVein, the next generation big data and technology company, recently announced the Data Analytics and Valuation Engine (DAVE), aimed at connecting big data, cloud storage, blockchain and Artificial Intelligence (AI) companies, associations, universities and outspoken data activists. CyberVein has called on the industry to join the alliance's mission - create a new standard for data ethics and data monetization.As the next step, CyberVein will expand on what the DAVE alliance entails and how it will work in practice. DAVE adheres to the principle of co-creation, especially when it comes to cybersecurity and intercommunications. The Alliance's objective is to unlock the true value of data by creating a new standard and monetizing it, allowing both businesses and individuals to reap the benefits of big data analytics. Each member of the Alliance serves as a thought-leader, a subject matter expert and a service provider for its respective area of expertise, such as onsite or cloud storage, AI/ML algorithms, (cloud) computing, distributed hardware, and big data collection and processing."Imagine the DAVE Alliance as an open archive of metad...

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Edvantage Group (0382.HK) to be included in MSCI China All Shares Small Cap Index

indie
3 minutes

HONG KONG, Nov 12, 2020 - (ACN Newswire) - Edvantage Group Holdings Limited ("Edvantage Group" or the "Group", stock code: 0382.HK), the largest private higher education group in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA"), is pleased to announce that the Group will be included as a constituent for the MSCI China All Shares Small Cap Index with effect from the market close of 30 November 2020.MSCI (Morgan Stanley Capital International) Indexes are one of the benchmark indexes commonly used as stock selection criteria for investment among global investors. Being one of the MSCI Indexes, MSCI China All Shares Small Cap Index is designed to measure the performance of the small cap segment of the China market, covering companies with good operational results and solid potential, which is of relatively high reference value. The Group believes that Edvantage Group's inclusion in the MSCI China All Shares Small Cap Index represents the capital market's recognition of the Group's performance and value, and it is expected to expand the shareholder base and increase the trading liquidity of the Group, resulting in realisation of the value of investment of the Group and enhancement...

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HKTDC initiatives enhance digital experience for SMEs

indie
10 minutes

HONG KONG, Nov 12, 2020 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) has upgraded its hktdc.com Sourcing platform in the run-up to the HKTDC Autumn Sourcing Week | ONLINE virtual exhibition, helping small and medium-sized enterprises (SMEs) capture global business opportunities and adapt to digital sourcing models in the post-pandemic new normal.Hong Kong Trade Development Council (HKTDC) Deputy Executive Director Benjamin Chau said the HKTDC has launched various initiatives, including the revamped hktdc.com Sourcing platform and its HKTDC Autumn Sourcing Week | ONLINE (ASWO) virtual fair, to help small and medium-sized enterprises (SMEs) adapt to digital-sourcing models in the post-pandemic new normal and assist them in capturing global business opportunities.Autumn Sourcing Week | ONLINE, which opens next Monday (16 November), welcomes 2,600 exhibitors from 33 countries, including 37 pavilions. It offers a one-stop online sourcing platform for buyers and suppliers to continue to explore more business opportunities across 11 industries including electronics, houseware, lighting, outdoor lighting, eco tech, gifts and premiums, toys, baby products, stationery, ...

ACN Newswire
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China Dynamics Launches First Electric Accessible Minibus in Hong Kong

indie
3 minutes

Mr. Cheung Ngan, Chairman of China Dynamics (Eighth from left), and Mr. Fung Ho Yin, Owin, Deputy Director of Environmental Protection Department (Seventh from left) and other officiating guests, officiate at the launch ceremony for the first electric accessible minibus in Hong Kong.The Pure Electric AI Accessible Minibus features seats developed by China Dynamics that can be arranged according to customers' requirements. The vehicle is also equipped with a low platform and easily accessible passage way that suit the needs of people with disabilities and the elderly. In the photo are Mr. Cheung Ngan, Chairman of China Dynamics (First from left) and Ms. Rabi Yim Chor-pik, Chairman of Direction Association For the Handicapped (Second from left).The 7m Pure Electric AI Accessible Minibus is powered by high-performance lithium iron phosphate batteries, emits no pollutant when in operation, and only requires 30 to 60 minutes of charging time to achieve a range of 200 kilometers. In addition, the minibus is fitted with features that are a first for such vehicles, including automatic emergency braking system, lane departure warning system and fatigue driving alarm, helping to substantiall...

ACN Newswire
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Zhaoke Ophthalmology Announced First Patient Completes Three Year Enrollment in Phase III CHAMP Study of NVK-002

indie
4 minutes

HONG KONG, Nov 12, 2020 - (ACN Newswire) - Zhaoke (Hong Kong) Ophthalmology Pharmaceutical Ltd. ("Zhaoke Hong Kong") is pleased to announce today that the first patient has completed three year enrollment in the Phase III CHAMP (Childhood Atropine for Myopia Progression) study carried out by its partner, Nevakar Inc. ("Nevakar"). The CHAMP Study is an FDA drug trial that evaluates the ability of its lead compound, NVK-002, to slow the progression of myopia in children. NVK-002 is a proprietary, investigational, preservative-free eye drop administered nightly and intended for patients ages three to seventeen. NVK-002 is a novel and first-to-market pharmacologic treatment for slowing the progression of myopia in children. It is currently under clinical evaluation in the CHAMP study and has entered Phase 3 clinical trial in the US and Europe. The CHAMP trial follows ground-breaking studies conducted in Asia that concluded that low doses of atropine could be used to slow the progression of myopia in children. CHAMP is a 576 subject, randomized, placebo-controlled, double-masked study evaluating the effects of NVK-002 on myopia progression in children. The study duration is three years,...

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Pacer Ventures set to solve the funding gap for African Startups

indie
2 minutes

The UN projects that Africa will have a population of 1.68 billion people by 2030, while the GSMA Mobile Economy Report states that 84% of Africa's population or 1 billion people will have access to a SIM connection by 2025. "We see a huge opportunity to support early stage founders who are making meaningful contributions to their local economies and communities by leveraging the high mobile penetration on the continent," said Gbemi Akande, General Partner at Pacer Ventures. The firm has already begun to support early stage founders by participating in seed rounds, including VPD.Money and others.With an average cheque size of six figures, Pacer Ventures is positioned to add substantial value to its portfolio companies. According to Antoinia Norman, General Partner at Pacer Ventures in charge of Southern Africa, "We won't just write a cheque, we will enable founders to work in and on their business, by supporting them along every step of their journey, with resources and access to markets."The General Partners of Pacer Ventures have over 30 years of combined experience in entrepreneurship and start deal flow sourcing. The key differentiator is the fund's focus on sourcing high poten...

SeaPRwire
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Singapore-Hong Kong air travel bubble has some first flights sold out

aseanpr
3 minutes

SYDNEY (REUTERS) - The opening of Asia's first "travel bubble" allowing tourism without quarantines since the coronavirus pandemic hit has sparked a surge in searches and bookings for travel between Singapore and Hong Kong, stirring hopes the model could be rolled out more broadly. Some of the first flights between the two cities, starting on Nov 22 on Singapore Airlines and Cathay Pacific Airways, have already sold out, amid a quota of 200 daily travellers that will rise to 400 on Dec 7. In the three hours after details were released on Wednesday (Nov 11), flight searches for Hong Kong to Singapore grew by 300 per cent, followed by a 200 per cent increase in Singapore hotel searches, according to Trip.com data. "I think in the short term, people who want to travel are, like, shaking in their pants right now to sign up to travel," said Mr Jameson Wong, APAC director of travel data firm ForwardKeys. "Christmas has been popular (for bookings), as offices will be closed." Airfares between the cities have risen by about HK$1,000 (S$174), or 35 per cent, since the travel bubble was announced last month, Daiwa analyst Kelvin Lau said in a note to clients. One-way Singapore-Hong Kong tick...

SeaPRwire
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Asean Summit: Singapore calls for equitable, steady, affordable supply of Covid-19 vaccines to region

aseanpr
3 minutes

SINGAPORE - The region has to ensure an equitable, steady and affordable supply of Covid-19 vaccines for its people once these are available, said Prime Minister Lee Hsien Loong at the Asean Summit on Thursday (Nov 12). He made the call for "vaccine multilateralism" as he stressed the importance of regional cooperation to mitigate the pandemic's long-term impact at the meeting held remotely this year. He added that Singapore supports global vaccine initiatives such as the Covid-19 Vaccine Global Access (Covax) Facility, whose members include many Asean states as well as the country's external partners. "Many leading vaccine candidates are being developed by our external partners, as well as our Asean member states too," PM Lee said. "We should work with them to facilitate the production and distribution of vaccines to meet the needs of our region." Singapore will contribute US$100,000 (S$134,900) to the Covid-19 Asean Response Fund, which helps member states procure the medical supplies and equipment needed to combat the pandemic. On the economic front, leaders should redouble efforts to enhance Asean's competitiveness in the post-Covid-19 world, Mr Lee added. He noted that there a...

SeaPRwire
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Expedia’s website operator BEX says it will stop false claims

aseanpr
3 minutes

SINGAPORE - The website operator of online travel company Expedia Singapore - BEX Travel Asia - has ceased its false claims on the validity period of its "Daily Deals" promotions and affirmed that it will not engage in further unfair practices from Thursday (Nov 12). The announcement follows an investigation by the Competition and Consumer Commission of Singapore (CCCS) in April last year. The commission found that there were at least 55 "Daily Deals" offers on the website, which claimed to expire at 11.59pm each day but the prices remained the same after midnight. These misleading promotions included hotel deals and holiday package deals which were offered on the Expedia Singapore website and e-mailed to customers on BEX's mailing list. "Such false claims in relation to promotional prices mislead consumers into believing that there is a price benefit which is only available for a limited period, thus creating unwarranted pressure or a sense of urgency for consumers to make an immediate purchase," said CCCS. The false promotional claims by BEX had been around since 2016 and were taken down in October last year while investigations were ongoing. The consumer watchdog, which issued a...

SeaPRwire
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7 Myanmar nationals arrested on suspicion of working illegally at Lim Chu Kang farm

aseanpr
2 minutes

SINGAPORE - Seven Myanmar nationals suspected of working illegally at a farm in Lim Chu Kang have been arrested. The seven, all men, were found sleeping in six makeshift shelters on the vegetable farm in Sungei Tengah Road during a joint operation by the Immigration and Checkpoints Authority (ICA) and the Singapore Police Force on Monday (Nov 9). In a statement on Thursday, the ICA said that during preliminary investigations, the men, aged between 30 and 42, admitted that they had been staying in Singapore without valid immigration passes and had been working on the farm without valid work passes. The authorities are still investigating. The ICA warned that those who overstay in Singapore face a jail term of up to six months and a minimum of three strokes of the cane. It added that it takes a firm stance against any person who employs immigration offenders. Anyone found guilty of employing an immigration offender is liable to be punished with imprisonment for a term of at least six months and up to two years, and a fine of up to$6,000. The ICA said: "Singaporeans and home owners are reminded to exercise due diligence in checking the status of foreigners before offering them employm...

SeaPRwire
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South Korean Edtech company Probo launches Probo Connect robotics curriculum in South East Asia

pandora
4 minutes

Korean company Probo's robotic educational products help children learn the science behind robots with fun activities. Seoul, Korea - Learning with robotics can foster children's minds, bring creative thinking, and introduce them to the world of maths and science. Probo is a South Korea based edtech company, founded to help children break away from simple and general robot textbooks and offer robot education with more new, powerful, and high-quality, interesting content. Probo is a compound word for Professional and Robot. The company was founded in 2011 and started as a dedicated educational robot manufacturer and developed robots with coding functions. Probo provides various robot making kits, coding learning tools, robot parts, sensors, and organizes coding competitions. The company has developed, designed, and upgraded its various robotic educational products since its first product launch in 2012. Its products consist of different levels and modules as per different age groups. Besides South Korea, the company sells its products in China, Vietnam, Australia, and other countries. Probo organizes a Robot Championship annually attended by more than 800 participants. Using Probo, ...

SeaPRwire
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$5k rise in rebates on cleaner cars, surcharges for pollutive ones, to kick in next year

aseanpr
3 minutes

SINGAPORE - Rebates on the purchase of cleaner cars will be increased by $5,000 from Jan 1 next year to Dec 31, 2022 under the Vehicular Emissions Scheme (VES). Cleaner taxis will have their rebates increased by $7,500 in the same time period, under the programme aimed at nudging motorists towards more environmentally friendly models of private transport. In addition, surcharges for more pollutive cars will also be increased by $5,000 for cars, and $7,500 for taxis, in the carrot-and-stick model. This will kick in on July 1, 2021, instead of the start of the year to allow time for the market to adjust, and will be in effect until Dec 31, 2022, the National Environment Agency (NEA) and the Land Transport Authority (LTA) said in a joint statement on Thursday (Nov 12). The authorities say the move will help to steer Singapore towards its goal of phasing out internal combustion engine vehicles by 2040. The increased rebates and surcharges mean buyers of cleaner cars will be awarded with rebates of up to $25,000, up from the previous $20,000, while buyers of the most pollutive cars will be penalised by $25,000, also up from $20,000. The VES scheme was introduced in 2018 to reduce carbon...

ACN Newswire

Rykadan Proposes Buyback at HK$.68 per share; to Hold EGM 23 November

indie
3 minutes

HONG KONG, Nov 12, 2020 - (ACN Newswire) - Rykadan Capital Limited (stock code: 2288) will be holding Extraordinary General Meeting ("EGM") on 23 November 2020 (Monday) at Room 1, 10/F, United Centre, 95 Queensway, Admiralty, Hong Kong at 1:00 p.m. for approving the Proposed Share Buy-back announced earlier in September. According to the Proposed Share Buy-back, Rykadan Capital, through Dongxing Securities (Hong Kong) Company Limited, will make a conditional cash offer to the shareholders of the Company to buy back up to 102,000,000 shares of the Company at a premium offer price of HK$0.68 per share.Premium valuation: The Proposed Share Buy-back provides an opportunity for the shareholders to sell their shares at a premium to the prevailing market prices of the shares of the Company and receive cash proceeds in return. In particular, the closing price of the Shares has not exceeded the offer price for almost twelve months after 27 September 2019. Certain and immediate value: The shares had been trading on the Hong Kong Stock Exchange at an average daily trading volume of approximately 71,397 Shares for the six months up to and including the last trading day (i.e. 15 September 2020)...

SeaPRwire
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Rising demand for ‘second-hand’ endowment, life insurance plans in Singapore

elean
1 minute

SINGAPORE - Even as more people seem to be surrendering endowment and life plans bought from insurance companies, there is a growing trade in such policies on the resale market. There are some 10 companies offering sellers 5 per cent to 20 per cent more than the surrender value that insurers would pay. 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
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China to further tighten reins on fintech companies

elean
1 minute

BEIJING • China's top banking watchdog doubled down on a renewed push to rein in financial technology companies such as Ant Group, promising to eliminate monopolistic practices and strengthen risk controls in the industry. The news sent Chinese technology shares tumbling for a second day, wiping out more than US$200 billion (S$270 billion) of value. 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
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Chinese clampdown on fintech companies unlikely to affect Singapore firms: Experts

elean
1 minute

China's fintech clampdown will probably have a limited impact on Singapore, although it could encourage investors to pivot to the city-state and local fintech companies to expand their footprint in the region. Yesterday, China's top banking watchdog called for fintech firms to be subjected to the same supervision and risk management requirements as banks. It had laid out detailed regulations aimed at curbing anti-competitive behaviour for the first time on Tuesday. 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
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How construction firms can build a sustainable future post-Covid-19

elean
5 minutes

The pace of construction activity is slowly picking up here, but it is far from business as usual. Firms continue to grapple with new Covid-19 infections and labour challenges as well as strains on costs, cash flow and profits. The knock-on effect has been a three-to six-month delay in construction timelines. The sector is expected to contract 23 per cent this year from last year, according to official forecasts in September, down from the June estimate of an 11.4 per cent decline. The Government has pumped in significant financial support. Around 1,500 construction firms have tapped these relief measures but these are temporary, so companies need to review and revise business models to be sustainable in the long term. RAMP UP USE OF TECHNOLOGY Companies are looking to technology to help comply with safe distancing rules. Three in five small businesses here, including those in construction, plan to invest in such technology, noted a study by United Overseas Bank (UOB), Dun & Bradstreet and Accenture. One initiative is the Building and Construction Authority's (BCA) Integrated Digital Delivery (IDD) implementation plan. Tiong Aik Construction, a longstanding UOB client, has used IDD...

SeaPRwire

SembMarine expects losses to continue in Q4

elean
2 minutes

Sembcorp Marine (SembMarine) continued to incur losses for its fiscal third quarter ending Sept 30, with low overall business volume and execution delays, it said yesterday in a business update. SembMarine "expects losses to continue into the fourth quarter", the group added in the exchange filing. It did not provide details on the level of losses incurred in the third quarter or expected for the fourth quarter. In July, SembMarine had reported a net loss of $192.1 million for the first half of this year. In its business update, SembMarine said its Singapore yards began to resume production activities in early July, following the relaxation of Covid-19 measures. Its operating yard workforce, including sub-contractors, has since increased to almost full workforce levels. It added: "With oil prices recovering since the March collapse, there have been active reviews of deferred projects by the oil companies. "New orders visibility has improved as a result, and the group is increasingly active in bidding for new projects and discussing resumption of delayed projects." The group is actively tendering for more than 10 projects, especially in the greener energy market segments such as ren...

ACN Newswire
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BioVaxys Announces 96.4 Percent Positive Antibody Immune Response Results from an In Vivo Murine Model Study of Its SARS-CoV-2 Vaccine

indie
7 minutes

Vancouver, BC, Nov 11, 2020 - (ACN Newswire) - BioVaxys Technology Corp. (CSE: BIOV) (FSE: 5LB) ("BioVaxys") is pleased to announce that results from its preclinical animal study (also known as the "murine model study") of BVX-0320, its Covid-19 vaccine candidate, show that the vaccine elicits a positive immune response against the SARS-CoV-2 s-spike protein. Previous interim data from the study showed it possessed an excellent emerging tolerability profile with no noteworthy clinical observations or observed toxicities in the mice. When the study concluded after 6 weeks, the excellent safety and tolerability profile was maintained.The preclinical study, which began in September 2020 and was conducted by leading independent contract research organization ("CRO") Charles River Laboratories, Inc. under contract with BioVaxys, evaluated the anti-virus immune response elicited by BVX-0320 in a controlled murine model by measuring the development of antibodies to the protein that binds the virus to human cells. Following two injections of BVX-0320 together with the immunological adjuvant, QS21, to 28 mice at four dosage levels, 96.4% developed positive antibody responses detected at wee...

JCN Newswire
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Mitsubishi Shipbuilding Participating in “ROBOSHIP Joint Value Creation Project: PoC in Tokyo 2020” Exploring the Future of Marine Vessels

ruth
4 minutes

TOKYO, Nov 11, 2020 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, is participating in an inter-business project to explore the potential of the "ROBOSHIP" as the marine vessel of the future. A proof of concept (PoC) test using two actual surface vessels was jointly conducted on November 11, 2020. This PoC test, to be held in the sea off Toyosu in Tokyo using a passenger vessel owned by Tokyo Cruise Ship Co., Ltd., intended to demonstrate the cutting-edge technologies and ideas of the participating companies, with the aim of supporting the development and widespread adoption of a navigational support system for coastal vessels.The PoC testing is part of the "ROBOSHIP Joint Value Creation Project" led by e5 Lab Inc., a firm jointly established in 2019 by four companies representing shipping companies and a trading company to develop EV (electric vehicle) ships and digitization technologies. The project is a collaborative effort between e5 Lab, 22 companies and a ship classification society, including firms outside the shipbuilding and marine transport field, as a cooperative platform to create value and turn challenges into o...