ACN Newswire
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Government Wakes up to Blockchain & Cryptocurrency

indie
2 minutes

Washington, D.C., Sep 13, 2021 - (ACN Newswire via SEAPRWire.com) - In August, the US Senate approved the $1 Trillion Infrastructure Bill, as part of the $3.5 Trillion Budget Bill. Language in this bill suggests that $28 Billion in funding will come from enforcing tax-reporting requirements on cryptocurrency brokers. A cryptocurrency broker is anyone who buys or sells cryptocurrency. Just months earlier, Nasdaq stated that 17% of the US population, or roughly 46 million Americans, now own cryptocurrency. Further, research from The Ascent, a Motley Fool service, predicts that over 20% of Americans who have never before owned cryptocurrency, are expected to buy crypto in the next year. This would add another 50 million Americans to the team of crypto "brokers" tasked with funding the Infrastructure Bill. Are the fiat and crypto sides being pitted against each other? As capital flight shrinks the power of the US dollar, is Congress responding by taxing the 'culprit'? This fall, the Government Blockchain Association (GBA) (www.gbaglobal.org) has partnered with a coalition of blockchain associations to present Blockchain & Infrastructure, a two-day hybrid event coupling an education...

SeaPRwire
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620 electric vehicle chargers to be installed at public carparks in the next 12 months

aseanpr
4 minutes

SINGAPORE - More than 600 electric vehicle (EV) chargers will be installed at some 200 public carparks in HDB estates, industrial estates and the Central Business District over the next 12 months. The first of these chargers are expected to be installed by the end of this year. By the third quarter of next year, there will be 210 charging points in the central region, 50 in the north, 100 in the north-east, 120 in the east and 140 in the west. The Urban Redevelopment Authority (URA) and the Land Transport Authority (LTA) said on Friday (Sept 3) that a consortium comprising ComfortDelGro Engineering and Engie South East Asia has been awarded a tender to set up EV charging points in selected carparks in the central, east and west regions. Another consortium comprising Primech A&P, Charge+, Sunseap Group and Oyika has been awarded a tender to install the charging infrastructure in carparks in the north and north-east regions. The tenders, which form a pilot tender put out in November last year, are the first steps towards a national target of 40,000 charging points in public carparks by 2030. URA and LTA said they wanted to ensure that the pilot tender for the charging points was awar...

SeaPRwire

Dow, S&P 500 end at records as US infrastructure Bill advances

elean
2 minutes

NEW YORK (AFP) - The Dow and S&P 500 ended at fresh records on Tuesday (Aug 10) as industrial companies and commodities producers advanced following Senate passage of a US$1.2 trillion (S$1.6 trillion) infrastructure package. In a victory for President Joe Biden, the Senate approved the sweeping package in a bipartisan vote. The measure now faces a make-or-break vote in the House of Representatives in the coming weeks, where its future is less certain as divisions have sprung up in the Democratic majority. But investors took bets on Tuesday on companies expected to garner a share of the business from the push to upgrade America's roads, bridges and broadband. This includes industrial giant Caterpillar as well as metals producers US Steel and Alcoa. The Dow Jones Industrial Average gained 0.5 per cent to 35,264.67, overtaking a record from last Friday by 55 points. The broad-based S&P 500 increased 0.1 per cent to 4,436.75, edging out the prior record by less than a point, while the tech-rich Nasdaq Composite Index dropped 0.5 per cent to 14,788.09. Passage of the infrastructure Bill helped offset worries about the Delta variant of Covid-19, which has begun to strain hospital capaci...

ACN Newswire
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Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

indie
6 minutes

KUALA LUMPUR, Jul 29, 2021 - (ACN Newswire via SEAPRWire.com) - Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus' solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus' products as critical components for its business operations. Andy Waroma and Hajime HiroseSigning Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company's commitment to provide dedicated support for the unique needs of a diverse clientele across var...

SeaPRwire

Opportunities for public-private tie-ups in sustainable infrastructure development despite Covid-19: Indranee Rajah

aseanpr
3 minutes

SINGAPORE - Delivering quality and sustainable infrastructure has been made more challenging with the pandemic, and will be even more complex due to climate change and rapid urbanisation. But there are opportunities for partnerships and co-creation among governments, multilateral development banks and private sector, said Minister in the Prime Minister's Office Indranee Rajah. She was delivering a keynote address at the Asia Infrastructure Forum on Wednesday (June 23) at Marina Bay Sands Expo and Convention Centre. Held in a hybrid format this year due to Covid-19, the event, jointly organised by the Ministry of Finance, Enterprise Singapore, Monetary Authority of Singapore (MAS) and Infrastructure Asia, drew more than 2,000 participants. Ms Indranee, who is also Second Minister for Finance and National Development, said Covid-19 has led to an almost 4.5 per cent drop in global economic growth. In Asean last year, all countries experienced an average fiscal deficit of 7.6 per cent of gross domestic product. "Asian governments and multilateral development banks have identified infrastructure as an important means of achieving economic recovery through increased access to financial f...

SeaPRwire
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Wanchain Makes LTC Smart Contract Compatible, Adds Litecoin to Cross-Chain Blockchain Infrastructure

pandora
3 minutes

Singapore / SEAPRWire / June 22, 2021 / - The Wanchain Foundation today announces that Litecoin is now fully integrated into its cross-chain infrastructure. Wanchain, the decentralised blockchain interoperability solution that connects the world's isolated blockchain networks, is the only decentralised finance (DeFI) project that enables truly decentralised cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain's cross-chain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain and XRP Ledger. The addition of Litecoin reinforces Wanchain's position as the world's most advanced cross-chain solution. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone around the world. Wanchain's Litecoin integration allows LTC, a top-15 cryptocurrency by market cap, to be traded cross-chain and used with EVM-compatible smart contracts. Wanchain also recently added XRP Ledger to its cross-chain infrastructure to great acclaim, becoming the premiere option for XRP holders wanting to enter the world of DeFi. By enabling siloed blockchains to share value and data, Wanchain's cross-chain solu...

SeaPRwire

Resilient and sustainable infrastructure is also about reducing inequality: Indranee Rajah

aseanpr
5 minutes

SINGAPORE - Cities need to build infrastructure not only to withstand climate change and pandemics, but also to reduce inequality and strengthen society's resilience, said Minister in the Prime Minister's Office Indranee Rajah. This is because it is the more vulnerable who often bear the brunt of disruptions and shocks, she said. Infrastructure investments are also critical to providing basic needs, and are a key driver of economic recovery and long-term growth. She was speaking at the World Cities Summit on Monday (June 21) on the topic, "Investing in a sustainable and equitable recovery". The biennial summit, held virtually this year because of Covid-19, brings together government leaders and industry to address urban challenges and share solutions. It ends on Wednesday. Ms Indranee, who is also Second Minister for Finance and National Development, said that around the world, those hardest hit by Covid-19 live in cramped conditions with inadequate sanitation, which worsened the spread of the virus. Urban infrastructure and systems such as public transport, healthcare, parks and recreational amenities, as well as digital and Internet access, are examples of basic infrastructure th...

JCN Newswire
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NEC recognized in Gartner Magic Quadrant for 5G Network Infrastructure for Communications Service Providers as a Visionary

ruth
4 minutes

TOKYO, Apr 28, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) has been recognized as a Visionary in the February 2021 Gartner Magic Quadrant for 5G Network Infrastructure for Communications Service Providers. According to the report, "This Magic Quadrant helps communications service providers identify and evaluate network equipment providers for their 5G network infrastructure. This end-to-end 5G network infrastructure includes RAN, core network, transport and network infrastructure services."NEC has been a pioneer and strong industry leader in open, software defined, cloud-native networks from the early adoption of SDN, including the world's first commercial deployment of OpenFlow, as well as the recent commercial launch of its Open RAN radio units and cloud-native containerized 5G core network. This is in addition to its subsidiary Netcracker's industry leadership in 5G orchestration, operations automation and monetization. NEC has become synonymous with open, high performance, innovative 5G network integration and has proven its capabilities to integrate complex multi-vendor end-to-end 5G ecosystems, comprised of its own cutting-edge products and best-in-c...

SeaPRwire

S&P 500 edges to record as Fed eyes inflation risk

elean
2 minutes

NEW YORK (AFP) - The S&P 500 edged to a record on Wednesday (April 7) while the Nasdaq dipped as US President Joe Biden again called for infrastructure investment and Federal Reserve minutes showed inflation fears have risen somewhat. US equities avoided major swings throughout the session as Biden cast his proposed US$2 trillion (S$2.7 trillion) infrastructure plan as a make-or-break moment for ensuring US supremacy on the world stage against a rising China. The president's remarks came as Treasury Secretary Janet Yellen campaigned for a global minimum corporate tax that would align other major economies with the Biden's administration plan to increase business taxes to finance the public works package, which has drawn opposition from congressional Republicans. Meanwhile, Fed minutes showed most policy makers viewed inflation as stable, even as "several" central bankers worried that strong demand "could push up price inflation more than anticipated." The Dow Jones Industrial Average edged up 0.1 per cent to 33,466.26. The broad-based S&P 500 added 0.2 per cent at 4,079.95 to narrowly overtake Monday's record, while the tech-rich Nasdaq Composite Index slipped 0.1 per cent to 13,68...

SeaPRwire

Nasdaq rallies as Biden unveils infrastructure plan

elean
2 minutes

NEW YORK (AFP) - Tech shares rallied on Wednesday (March 31) to conclude the first quarter on a positive note as markets digested early details of US President Joe Biden's infrastructure plan. Large technology companies including Apple and Facebook scored big increases, reversing some of the weakness in the recent period as investors have steered funds to airlines, oil companies and other sectors expected to prosper in a post-coronavirus economy. "Now that the selling is done for all these companies, it makes sense that (tech shares) rally," said Chris Low of FHN Financial. The tech-rich Nasdaq Composite Index jumped 1.5 per cent to 13,246.87. The Dow Jones Industrial Average shed 0.3 per cent to 32,981.5, ending the quarter with a 7.8 per cent gain, while the broad-based S&P 500 gained 0.4 per cent to 3,972.89, narrowly missing a record. Data from payroll services firm ADP showed private US employment jumped by 517,000 in March, slightly less than economists had expected but much better than the 176,000 gain in February and a welcome rebound after several tepid results in the pandemic recovery. Meanwhile, investors were assessing early reports on Biden's US$2 trillion (S$2.7 trill...

JCN Newswire
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Fujitsu Receives Order for “AI Bridging Green Cloud Infrastructure” Supercomputer System from Japan’s National Institute of Advanced Industrial Science and Technology

ruth
4 minutes

TOKYO, Nov 13, 2020 - (JCN Newswire) - Fujitsu has received an order from Japan's National Institute of Advanced Industrial Science and Technology (AIST) for the "AI Bridging Green Cloud Infrastructure" supercomputer system, which aims to accelerate AI research and development in industry, government, and academia. Next-generation model of Fujitsu Server PRIMERGY GX2570The new system will consist of 120 next-generation 2-way rack (4U) Fujitsu PRIMERGY GX2570 servers and a 11.2 petabyte, high-capacity storage system, each accelerated by eight GPUs(1) per node and suitable for large-scale analysis using AI such as deep learning. The theoretical peak performance of half-precision floating point operations(2), which represents an important benchmark in the AI field, is expected to be 300 petaflops(3), while that of double-precision floating-point operations(4), which are mainly used in the conventional simulation field, is expected to be 19.3 petaflops. The "AI Bridging Green Cloud Infrastructure" system will be added to the AI Data Center Building at the National Institute of Advanced Industrial Science and Technology Kashiwa Center in Japan with the beginning of operations scheduled ...

ACN Newswire
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Raffles Financial Enters into Joint Venture Agreement with Raffles Infrastructure Investment

indie
4 minutes

SINGAPORE, Nov 3, 2020 - (ACN Newswire) - Raffles Financial Pte Ltd, a wholly owned subsidiary of Raffles Financial Group Limited (CSE: RICH) (FSE: 4VO) (OTC: RAFFF) ("Raffles", "the Company" or "RF"), today announces that the Company has entered into a Joint Venture Agreement with Raffles Infrastructure Investment Pte Ltd. ("RII"), a subsidiary of Raffles Infrastructure Holdings Limited listed in Singapore under symbol LUY. The Parties intend to collaborate in a joint venture company ("JVC"), MFUND Limited, which upon completion shall be renamed into "Raffles Infrastructure Capital Limited", a company incorporated in Hong Kong.The joint venture is in line with the Company's long-term objective of seeking opportunities and growth of its business and operations."Asia infrastructure spending is forecast at US$5.3 trillion by 2025*. Raffles Infrastructure's core competency is in the planning and developing of infrastructural projects in Asia, particularly China, while Raffles Financial is focused on the global fund raising and corporate finance advisory. The JV can provide a complete suite of infrastructure development solutions to governments and their developers," comments Dr. Charl...

JCN Newswire
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Fujitsu Commences Full-Scale Operation of HOKUSAI – SailingShip, RIKEN’s New Data Science Infrastructure

ruth
4 minutes

TOKYO, Oct 19, 2020 - (JCN Newswire) - Fujitsu today announced that, together with RIKEN, it has completed deployment of a new data science infrastructure, HOKUSAI - SailingShip. RIKEN procured and implemented this system with the goal of facilitating the processing and utilization of enormous and high-quality research data generated through research activities. After a trial operation from June 2020, the system commenced operation on October 19. Data Science Infrastructure HOKUSAI - SailingShipHOKUSAI - SailingShip utilizes 440 Fujitsu Server PRIMERGY CX2550 M5 units equipped with Mirantis Cloud Platform(1), an OpenStack(2) -based virtualization infrastructure, and a 30-petabyte storage system that is compatible with various protocols for data access. This implementation is expected to advance the promotion of open science and disseminate research results using various applications and data assets in conjunction with public clouds.Through its Data Science Infrastructure HOKUSAI - SailingShip, Fujitsu will offer robust support for the operation of the infrastructure ensuring a safe, secure, and convenient research environment.BackgroundIn the course of R&D activities in a wide ...