JCN Newswire
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Toyota Hits World Championship Century at Portimao

ruth
7 minutes

Toyota City, Japan, Jun 4, 2021 - (JCN Newswire via SEAPRWire.com) - TOYOTA GAZOO Racing will write another step in the history books when the GR010 HYBRID Hypercar takes on new competitors in the 8 Hours of Portimao, round two of the 2021 FIA World Endurance Championship (WEC).Next week's event in Portugal marks Toyota's 100th race at the top level of World Championship endurance racing. Since the debut of the 83C car in the Fuji 1000km in October 1983, Toyota prototypes have participated in 99 World Championship races.Following a historic first Hypercar victory in Spa-Francorchamps, the World Champions face new competition from Scuderia Cameron Glickenhaus, which enters one car, as does Alpine. Sebastien Buemi, Kazuki Nakajima and Brendon Hartley, in the #8 GR010 HYBRID, lead the drivers' standings after winning at Spa, while Mike Conway, Kamui Kobayashi and Jose Maria Lopez, in the #7, began their title defence with third.Portimao is a new venue for WEC and therefore becomes the 21st different circuit on which Toyota has participated in World Championship sportscar racing since that first race in 1983, won by Derek Bell and Stefan Bellof in a Porsche 956. The debut of Toyota's f...

ACN Newswire
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SmartDeFi: The Robinhood of Crypto — Raises $1m Pre-Seed Bringing DeFi to the Masses

indie
3 minutes

San Francisco, CA, June 2, 2021 - (ACN Newswire via SEAPRWire.com) - SmartDeFi is an easy to use, non-custodial investment app which fulfills the needs of traditional investors who want to make their first DeFi investments, but don't understand the risks involved or how to take the first steps. The user-friendly iOS app removes the complicated onboarding hurdles of crypto, enabling users to instantly enter risk-adjusted DeFi products using their bank account, credit card, or Apple Pay directly from their mobile device. SmartDeFi will be launching in Q2 2021, but if you want to try it sooner you can join the early-access beta by clicking here.SmartDeFi was founded in 2020 by Kieran Daniels (CEO) and Dziugas Butkus (CTO) who believe the reason that traditional investors haven't entered new and lucrative DeFi markets, is the absence of an easy to understand and transparent Risk Assessment Layer. To solve this problem, the San Francisco based company has secured $1m in Pre-seed funding led by Venture Capital firms Future Fund; Centrality AI; GenBlock; and Arcuate Capital.Advisors to the project: Santiago R Santos (General Partner, ParaFi Capital); Joel John (Principle, Ledger Prime); a...

SeaPRwire

Positive year-on-year growth on the cards for Singapore’s struggling sectors due to low base

elean
1 minute

SINGAPORE - Construction and transportation are still stuck in the doldrums and face a hard road ahead, even as Singapore's economy looks to be on the rebound after its worst recession since independence. These sectors, along with food and beverage services, real estate and professional services, are among those that recorded negative growth in the first quarter of this year, according to the Ministry of Trade and Industry's quarterly economic survey. 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

How income-investing can work in an inflationary environment

elean
1 minute

SINGAPORE - Most official inflation measures are going to rise over the coming months as the sharp fall in consumer prices during the outbreak of Covid-19 last year roll out of calculations. So it makes sense to consider its impact on your investments before this takes hold. Especially if you invest for income and hold a lot of bonds as a result. 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.

ACN Newswire
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DIZO – the first brand in the realme TechLife Ecosystem announces its global launch

indie
3 minutes

GURUGRAM, India, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - DIZO, the first brand under the realme TechLife ecosystem, announced its global launch today. More than just being a technology brand, DIZO embarks on a philosophy and a journey that aims to empower everyone to enjoy their desired life, enhanced by Smart TechLife. Pronounced as 'dee-zoe', the new brand aims to break the clutter of tech similarities and offer solutions that are aligned to the needs of every different consumer. Urging its consumers to "Be Different", DIZO wishes to offer the technology that complements the individuality of a consumer, empowers them, and becomes an extension of their personalities.Built around the mission to offer a Smart Tech Life for Every Different You, DIZO along with realme is committed to bringing the best of both brands to its consumers. In fact, DIZO has unflinching support from realme around three key aspects - Industrial Design, Supply Chain and AIoT experience that works perfectly with realme Link.Congratulating the DIZO team, Madhav Sheth, Vice President, realme and Chief Executive Officer, realme India and Europe said, "This is a momentous occasion as DIZO goes live with i...

SeaPRwire

Singapore’s key trade and export forecasts raised after better-than-expected growth in Q1

elean
3 minutes

SINGAPORE - Official forecasts for Singapore's key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade is predicted to increase 5 per cent to 7 per cent, higher than the 2 per cent to 4 per cent forecast in February. This comes after Nodx rose 9.7 per cent year on year in the first quarter, driven by increases in both electronics and non-electronics shipments and reversing the 0.5 per cent decline seen the previous quarter, according to data released by Enterprise Singapore (ESG) on Tuesday (May 25). The agency said that both total trade and Nodx grew better than expected in the first quarter, with robust semiconductor demand, electronics exports and related specialised machinery driving the bulk of Nodx increases. Key electronics shipments increased 14.8 per cent for the first quarter, building on the 2.6 per cent growth from the previous quarter, due to higher demand for products like telecommunications equipment. Non-electronics exports also grew 8.3 per cen...

ACN Newswire
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Volcano Posts Revenue of RM17.66 Million in First Interim Statement Post-Listing

indie
2 minutes

BUTTERWORTH, Malaysia, May 20, 2021 - (ACN Newswire via SEAPRWire.com) - Volcano Berhad ("VOLCANO", Stock Code: 0232), a leading manufacturer of parts and components including metal and non-metal nameplates and plastic injection moulded parts, is pleased to announce the Company's first interim financial statement for the financial year ending 31 December 2021 following its listing on the ACE Market of Bursa Malaysia Securities Berhad.Volcano Berhad Managing Director, Datuk Ch'ng Huat SengFor the first quarter that ended on 31 March 2021, the Company registered revenue of RM17.66 million, profit before tax ("PBT") of RM2.0 million and profit after tax ("PAT") of RM1.41 million. There are no comparative figures available for revenue, PBT and PAT for the same quarter of the preceding year and year-to-date as this is Volcano's first interim financial statement following its listing on 6 April 2021.For the quarter under review, the Company's nameplates segment contributed RM10.86 million to revenue while the plastic injection moulded parts segment contributed RM6.80 million to revenue.Managing Director of Volcano, Datuk Ch'ng Huat Seng said, "We are cautiously optimistic about our prosp...

JCN Newswire
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TOYOTA GAZOO Racing Leads the WRC onto Gravel

ruth
3 minutes

Toyota City, Japan, May 14, 2021 - (JCN Newswire via SEAPRWire.com) - The TOYOTA GAZOO Racing World Rally Team is ready to take on a fourth different challenge in as many events when the Rally de Portugal hosts the first gravel round of the 2021 season on May 20-23.2021 Yaris WRCFollowing a one-two finish on the last event in Croatia, Toyota leads the manufacturers' championship as well as the drivers' standings, where Sebastien Ogier holds first place after two victories in the first three rallies of the season. Elfyn Evans is third, 10 points behind his team-mate, and Kalle Rovanpera fifth, within 22 points of the lead. Once again, Takamoto Katsuta will be behind the wheel of a fourth Yaris WRC in Portugal as part of the TOYOTA GAZOO Racing WRC Challenge Program, looking to build on three consecutive top-six finishes.The team continues to develop the Toyota Yaris WRC during its fifth season of competition and, after an update to the car's aerodynamic package debuted in Croatia, a new engine will be introduced in Portugal with improvements in power and reliability.After events on ice, snow and asphalt so far this season, Portugal marks the first in a run of consecutive events on g...

JCN Newswire
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Showa Denko Announces 2021 First Quarter Financial Results

ruth
1 minute

TOKYO, May 13, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) today announced its 2021 first quarter financial results.- 2021 First Quarter Consolidated Financial Statements and Summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2021-1q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., ...

SeaPRwire

Front-line officers in Singapore keeping Hari Raya celebrations simple

aseanpr
1 minute

SINGAPORE - Amid the spike in Covid-19 cases, two families with members who are front-line workers are planning to keep their Hari Raya Aidilfitri celebrations simple. Sergeant Nur Farahdillah Abdullah, 29, a paramedic at Bukit Batok Fire Station, and her family plan to visit her mother and her husband's grandfather on the first day of Hari Raya (May 13). 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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Torum Completed the World’s First Initial Staking NFT Offering in Less than 20 Minutes

pandora
3 minutes

Kuala Lumpur, Malaysia / SEAPRWire / May 12, 2021 / - Torum, the first DeFi and NFT-infused social media platform, is proud to announce that it has completed its first public sale event - Initial Staking NFT Offering (ISNO). Launched at 9 p.m. of May 11th 2021, the crowdsale event is the first ISNO that is held in the crypto industry, featuring a total of 363 limited edition NFTs of 5 different tiers. Finished In Less Than 20 Minutes As soon as the NFTs were available for grab, all 363 units of them were completely sold off to cryptocurrency enthusiasts from every corner of the world in under 20 minutes, highlighting a strong token demand and project support from the community. The rarest Tier 5 NFTs were sold off in the first 30 seconds, followed by Tier 4 NFTs (2 minutes), Tier 3 (7 minutes), Tier 1 (14 minutes) and Tier 2 (18 minutes). A total of 1,750,000 XTM, the native token of Torum ecosystem, is issued and locked inside the 363 ISNO NFTs, meaning the value of the NFTs will be constantly backed by XTM, ensuring that that the 363 NFTs have a solid price foundation. The World's First and Only ISNO Event Unique from the conventional Initial NFT Offering, every NFT issued under ...

ACN Newswire
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ACDX Launches Leveraged (XCH BBS) Trading Option for Chia Tokens (XCH)

indie
2 minutes

Seychelles, May 10, 2021 - (ACN Newswire via SEAPRWire.com) - ACDX, the crypto derivatives exchange offering structured products for sophisticated traders, is launching the first leveraged BBS trading option for Chia Tokens (XCH). This is the first crypto exchange to kick off such a leveraged listing, empowering users to trade an XCH Bull Bear Strike Token (XCH BBS) with multiple times leverage.Chia is the first enterprise-grade digital money, using the first Nakamoto consensus algorithm since Bitcoin. Chia Network is building a better blockchain and smart transaction platform: more decentralized, efficient and secure. Founded by Bram Cohen, inventor of BitTorrent, Chia's being built to improve global financial and payments systems."We are always looking for innovative, secure, and efficient projects to list on ACDX. Chia Network is exactly what we are seeking," commented Andy Cheung, founder and executive chairman of ACDX. "We have been closely monitoring the decentralized financial space. Many financial and payments projects are flourishing in 2021, with even greater potential to continue in 2022. We are responding to our community's needs in exploring this field."Given the mass ...

SeaPRwire

Working at keeping economy open amid Singapore’s Covid-19 fight

aseanpr
1 minute

Singapore has reintroduced some safety measures as a new wave of Covid-19 infections spreads through the community, fuelled by new and more contagious variants of the coronavirus, such as the B16172 "double mutant" strain first detected in India. With 10 active clusters in the community and 43 people infected in the past week, the country is witnessing its worst outbreak in close to a year. 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.

ACN Newswire
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ACDX Offers World’s First Leveraged Trading for Chia (XCH)

indie
2 minutes

Seychelles, May 7, 2021 - (ACN Newswire via SEAPRWire.com) - ACDX, the crypto derivatives exchange offering advanced structured products for sophisticated traders, is offering their users with the world's first leveraged BBS trading option for Chia Tokens (XCH). It is the world's first crypto exchange to kick off such leveraged listing, empowering users to trade XCH Bull Bear Strike Token (XCH BBS) with multiple times leverage.Founded by Bram Cohen, the inventor of the BitTorrent network, Chia Network is building a better blockchain and smart transaction platform which is more decentralized, more efficient, and more secure. It is the first enterprise-grade digital money, using the first new Nakamoto consensus algorithm since Bitcoin. Their goal is to improve the global financial and payments system."We are always looking for innovative, secure, and efficient projects to list on ACDX. Chia Network is exactly what we are seeking," commented Andy Cheung, founder and executive chairman of ACDX.ACDX is a next-generation crypto exchange that strives to architect innovations into the crypto market. Designed by professional traders, their most unique product is Bull Bear Strike Token (BBS)...

SeaPRwire

US economy’s 6.4% Q1 growth signals stellar year

elean
7 minutes

WASHINGTON (NYTIMES) - US consumers shook off the pandemic blues as 2021 began, putting stimulus cheques to work buying cars and other goods and helping set the stage for what could be the fastest economic growth in decades. The initial reading on the country’s first-quarter economic performance, delivered on Thursday (April 29) by the Commerce Department, showed that much remained far from normal. Even with a big jump in personal income, there was only a modest increase in spending on services like travel, dining and even health care. But economists say that is already changing as more vaccinations are delivered and coronavirus-related business restrictions are eased. With better weather, savings accumulated during a long year of lockdowns, and an itch to make up for forced inactivity, Americans will have plenty of reasons to go out and spend. “Consumers are now back in the driver’s seat when it comes to economic activity, and that’s the way we like it,” said Gregory Daco, chief US economist at Oxford Economics. “A consumer that is feeling confident about the outlook will generally spend more freely.” Overall, the broadest measure of the economy — gross domestic product — grew by ...

SeaPRwire

Google ad sales surge 32% in Q1 as parent Alphabet’s profit more than doubles

elean
4 minutes

NEW YORK (BLOOMBERG, REUTERS) - Google's results, showing a surge in ad sales related to travel and retail, offered a glimpse of online spending in a post-pandemic world: Businesses are boosting digital marketing to capture a public eager to resume something resembling normal life again. Google ad sales surged 32 per cent per cent to nearly US$45 billion (S$59.7 billion) in the first quarter compared with a year ago, above expectations of analysts tracked by Refinitiv. It's the third consecutive quarter of accelerating ad growth for Google. During last year's April to June period, ad sales dropped 8 per cent, the first time Google's quarterly ad revenue had fallen from the previous year since the search company went public in 2004. Google parent Alphabet said first-quarter revenue, excluding payments to distribution partners, came in at US$45.6 billion, pummeling Wall Street estimates. Google's ad business, the global market leader as measured in sales, accounted for 81 per cent of the quarterly revenue. Alphabet overall generated US$17.9 billion of net income, or US$26.29 a share, in the most recent quarter, more than double the US$6.8 billion, or US$9.87 a share, a year earlier. ...

SeaPRwire

Grab’s path to success built on strong culture, unwavering focus on South-east Asia

elean
1 minute

SINGAPORE - The idea for Singapore-headquartered Grab Holdings first took root in 2011 when co-founders Anthony Tan and Tan Hooi Ling came up with the mobile app MyTeksi while at Harvard Business School (HBS). The app's mission was to deliver safe and reliable taxi rides and connect drivers with customers, but it fell short in the HBS New Venture Competition that year, although the pair took the US$25,000 (S$33,200) grant they won as a runner-up and put it towards MyTeksi, which launched in June 2012. 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

Number of COE extensions plunge, but trend seen remaining strong

aseanpr
1 minute

SINGAPORE - The number of car certificate of entitlement (COE) revalidations - which form the bulk of total COE extensions - have fallen for the first time in a decade, and this may mean bigger COE supplies ahead. According to fresh statistics from the Land Transport Authority, the figure plunged by more than 50 per cent to 20,071 in 2020 - from 2019's record of 41,777. 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

S&P 500 ends above 4,000 for first time

elean
2 minutes

NEW YORK (AFP) - The S&P 500 finished above 4,000 for the first time on Thursday (April 1), surging to a fresh record as strong manufacturing data bolstered confidence in the economic rebound. The broad-based equity index jumped 1.2 per cent to end the day at 4,019.87. Meanwhile, the Dow Jones Industrial Average gained 0.5 per cent to close at 33,153.21, while the tech-rich Nasdaq Composite Index advanced 1.8 per cent to 13,480.11. The heady session marked a strong start to the second quarter a day after President Joe Biden formally announced a massive US$2 trillion (S$2.7 trillion) infrastructure plan which he said would create millions of good jobs. Biden's proposal faces hurdles on Capitol Hill, but investors remain bullish about the coming months in the wake of the giant fiscal stimulus package approved in mid-March, and the accelerating coronavirus vaccine campaign in the United States. Expectations of a strong corporate earnings season later this month are prompting investors to make fresh bets on stocks, analysts said. "Today is just one of those days you look across the board and it seems to just be pretty good," said TD Ameritrade market strategist JJ Kinahan, who attribut...

SeaPRwire
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Singapore’s Covid-19 vaccination drive brought forward for seniors, extended to teachers, postmen and migrant workers

aseanpr
3 minutes

SINGAPORE - Singapore's Covid-19 vaccination drive has been brought forward for all seniors, and will also be extended to more high-risk groups and essential workers including teachers, postmen and migrant workers. This is possible because more supplies of the vaccine have arrived, said the Health Ministry (MOH) on Monday (March 8). As at Sunday, more than 596,000 doses of the Covid-19 vaccine have been administered. In total, about 379,000 individuals in Singapore have received at least the first dose; of whom more than 217,000 have received their second dose, MOH said. The ministry had earlier announced that seniors aged 60 to 69 would get their first dose around the end of March. However, it said on Monday that all seniors in this age group will now get their invitation letters within the next few days. Each letter will have a weblink which can be used to register for vaccination, after which an SMS with a unique booking link will be sent to the senior's mobile phone for them to book a vaccination appointment. Seniors can also book their appointments for vaccination at any community centre or community club. So far, over 55,000 seniors aged 70 and up have received their first do...