SeaPRwire

More HDB upgraders buying condos as resale flat prices rise

elean
1 minute

SINGAPORE - More Housing Board upgraders are snapping up condominium units in a buoyant property market, spurred by resale flat prices climbing faster than those for private housing. The robust HDB resale market has enabled them to upgrade more easily to private homes. 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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Mastering Clean Hydrogen Live Online Masterclass is Now Open for Registration

indie
3 minutes

Singapore, Nov 12, 2021 - (ACN Newswire via SEAPRWire.com) - Infocus International Group, a global business intelligence provider of strategic information and professional services, is bringing back the Mastering Clean Hydrogen online masterclass and it will be commencing live on 20 January 2022.The "hydrogen economy" was first described 50 years ago, but failed to develop. Now hydrogen is making a comeback, with unprecedented momentum from both policymakers and industry amid a background of energy decarbonisation. Nevertheless, given its failure in the past, current investors and business developers in the sector are strongly advised to ensure they understand the complexities and competitive environments of the hydrogen landscape. This live online masterclass combines an excellent overview of the different elements of the clean hydrogen sector with a series of critical thinking and analysis exercises which provide clear guidance on market assessment requirements, including key opportunity and risk influences.If you are seeking a wide-ranging, hype-free and independent perspective on the markets and supply chain activities which will (and won't) drive demand for clean hydrogen, thi...

SeaPRwire

Passage of US infrastructure Bill a big plus for equity markets

elean
1 minute

SINGAPORE - The United States Congress' passing of the US$1 trillion (S$1.35 trillion) infrastructure Bill proposed by President Joe Biden is one of the biggest positive market news coming through the weekend. By most analysts' accounts, this should give a further fillip to the equity market, which has already climbed to record highs despite the US Federal Reserve's announcement that it would start slowing its US$120 billion of monthly asset purchases. 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

Open electricity market remains viable but foundations will need to be strengthened: Tan See Leng

aseanpr
4 minutes

SINGAPORE - The open electricity market remains viable despite the recent exit of retailers, but its "foundations" will need to be strengthened, said Second Minister for Trade and Industry Tan See Leng on Monday (Nov 1). He was responding to questions filed by MPs in the wake of five electricity retailers - iSwitch, Ohm Energy, Best Electricity, UGS and SilverCloud Energy - announcing over the past three weeks their plans to leave the market. The five supply to about 9 per cent of all electricity consumers. As at the end of last month, about 140,000 households and 11,000 business accounts will either be transferred to another retailer or back to SP Group, said Dr Tan. There are nine remaining retailers in the electricity market, and more retailers may either exit or re-enter the market depending on the severity and duration of the energy crunch, he noted. Dr Tan said the benefits of the open electricity market remain, pointing to increased choice and flexibility for consumers when buying electricity as well as cheaper retail price plans. "To date, about half of all households, or around 746,000 households accounts, have switched to buying electricity from electricity retailers," he...

SeaPRwire
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Zeronauts Assessment Platform Goes Live in Q4 2021

pandora
5 minutes

Wil, Switzerland / SEAPRWire / October 19, 2021 / – Recently, Zeronauts has launched the beta tester program for their crypto assessment platform. The official platform will go live at the end of Q4/2021. Zeronauts is the first crypto review platform from the crypto community for the community with a focus on sustainability. The Swiss crypto project Zeronauts emerges as a leader and pioneer in creating a more sustainable crypto market. Based on the crypto token ZNS, it pursues the vision of bringing ecological and social responsibility to crypto. The challenge of an unsustainable crypto market The team behind Zeronauts has recognized the issue that the concept of sustainability has been strongly neglected in crypto. The crypto market is known for fraud, pump and dump schemes and the high energy consumption of Bitcoin. 98% of cryptos that were created during the crypto bubble between 2016 and 2018 do not exist anymore. Most projects were scams or colossal failures. Unfortunately, the negative image of crypto also hits long-term valuable crypto projects that have found a way to use the Blockchain technology in a meaningful way. In this market circle, it is about time that investors c...

SeaPRwire

Secret listing fever amid US property boom

elean
1 minute

(NYTIMES) - As the frenzied real estate market in the United States approached a fever pitch, Ms Bridget Medina jumped into the fray. In doing so, she had a distinct advantage over other buyers in the market for a family home: a broker was showing her houses that had not been publicly listed. Pocket listings, the practice of brokers selling a home through private networks rather than on the open market, have skyrocketed during the pandemic. One analysis by brokerage Redfin put the increase at 67 per cent, and in some markets, it is estimated that as many as 20 per cent of all listings are now available only to buyers with the connections to hear about them in the first place. 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

Exits by S’pore electricity suppliers sparked by price volatility amid global energy crisis

aseanpr
6 minutes

SINGAPORE - The prospect of surging energy prices for the next few years and a severely diminished ability to effectively hedge against volatile conditions are what spurred the departure of two retailers from Singapore's open electricity market (OEM), experts said. Of the 10 remaining retailers, at least two others are set for the exit door. But the experts also said the ones still standing will likely be able to continue to offer savings on the regulatory rate set by the national grid operator SP Group, and that consumers would still stand to gain from competition in the sector. "While there have been signals for some weeks now regarding the global energy price crisis, and recognition that this will spill over into Singapore's domestic electricity markets, the recent events have still emerged as something of a surprise," said Dr David Broadstock, a senior research fellow at the National University of Singapore's Energy Studies Institute. "Such extreme and sudden choices are rare in most market contexts - it is essentially an overnight reorganisation of an industry." Singapore's fourth-largest retailer iSwitch, as well as Ohm Energy, announced their departures from the market just ...

SeaPRwire

GIC-backed clinical trial firm WCG withdraws US IPO plans

elean
2 minutes

BENGALURU (REUTERS) - WCG Clinical, a clinical trial solutions company backed by Singapore's sovereign wealth fund GIC, on Wednesday (Oct 13) filed to withdraw its initial public offering (IPO), joining a list of companies that pulled the plug on their offerings in recent weeks. The company did not give a reason for the withdrawal in its paperwork with the US securities regulator, but adverse market conditions have forced exercise equipment maker iFIT Health & Fitness, AEON Biopharma and others to abandon their IPO plans recently. Inflation concerns and worries surrounding cash-strapped property developer China Evergrande Group have spooked investors and fueled wild gyrations in global equities in recent weeks. On Wednesday, data from the Labor Department showed US consumer prices increased solidly in September and are set to rise further in the coming months. However, despite some hiccups, the market for IPOs remains robust, with a slew of high profile companies like Amazon.com-backed electric vehicle maker Rivian and chipmaker GlobalFoundries lined up for stock market listings by the end of the year. In a filing with the US Securities and Exchange Commission in July, WCG Clinical...

ACN Newswire
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Ev Dynamics’ 12-Meter E-Bus Passes Homologation in Europe

indie
3 minutes

HONG KONG, Oct 7, 2021 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, today announced that its 12-meter E-Bus model has passed the Whole Vehicle-Type-Approval System (WVTA) and Standardized On-Road Test Cycles (E-SORT) of the Economic Commission of Europe, laying the foundation for the Company's entry into the European market at large. The Company's 12-meter E-Bus is currently on its way to Munich, Germany, where it will be used as a test and display unit for European clients.With an impressive energy performance and a large battery capacity, Ev Dynamics'12-meter E-Bus is set to make an appearance in Munich soon as a test and display unit for European clientsSpecifically designed with a distinctive and fresh aesthetic, this high-tech vehicle has a reliable grade climbing performance and has been designed and manufactured to meet European standards. The Company will work with its strategic partner, Quantron AG ("Quantron"), a German-based company engaged in inner-city e-mobility and re...

ACN Newswire
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Phaeton Announces ESG Bond Exchange to Power Its Green Environmental Goals

indie
6 minutes

Perth, Australia, Oct 1, 2021 - (ACN Newswire via SEAPRWire.com) - Phaeton, a decentralised ledger system, announced the launch of Phaeton ESG Bond Exchange powered by blockchain technology. The launch of its Environmental, Social, and Governance (ESG) Bond fits well with Phaeton's core ethos of using its technology to make a positive social impact. In addition, Phaeton is planning to take on the already crowded DeFi market with a new use case. While several DeFi protocols offer various payment solutions, such as lending and borrowing, Phaeton plans to serve a new market segment with its ESG Bonds.Phaeton ESG Bonds will finance Phaeton's projects, such as its Green Modular Data Centres, Smarter Housing and Solar Farms. However, the Phaeton ESG Bond Exchange will also be open to the public and governments worldwide, making it a diverse asset offering. Bond market stability is something Phaeton is banking on as bond markets play a significant role in ensuring financial stability for both buyers and issuers. When the stock market hits a correction, the bond market is a far more stable option for generating wealth.Phaeton wants to tap into the growing ESG bonds market. One model, which...

ACN Newswire
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Yeahka Ranks First among Non-bank Independent Institutions in QR Code Payment Acquiring Services

indie
3 minutes

HONG KONG, Sep 30, 2021 - (ACN Newswire via SEAPRWire.com) - Yeahka Limited ("Yeahka" or the "Company") (Stock Code: 9923), a leading payment-based technology platform in China, has surpassed others to become one of the most-used aggregate payment service providers by merchants in China.Yeahka's interim results show, as of the first half of this year, the total number of active merchants using the Company's payment services has reached 6.13 million, up 30.8% year-on-year ("YoY"). Its daily peak count of QR code payment transactions has reached 42 million, compared to 30 million at the end of last year, leading to a rapid increase in its market share in the non-bank independent QR code payment services market. According to Oliver Wyman, Yeahka ranked second with a market share of 14% in China, according to the number of transactions in 2019.Based on analysis of the latest open data of other key players, Yeahka has surpassed its competitors to become the largest non-bank independent QR code payment services provider by market share in China. According to iResearch Consulting's 2021 China's Third-Party Payment Industry Report, published this June, the number of merchants covered by in...

ACN Newswire

Intensified Real-Estate Market Regulation Ushers New Opportunity for Broad Homes

indie
3 minutes

HONG KONG, Sep 28, 2021 - (ACN Newswire via SEAPRWire.com) - Recent concerns surrounding the debt-laden property developer have crippled all sectors of the China real estate market. Under the superposition of the new normal - COVID-19 pandemic, China's "14th Five-Year Plan" & "Three Red Lines" policy, and double concentration - China's real estate market is undergoing one of the most extensive reforms over the past two decades.The market is overly worried about the possible collapse of the debt-laden property developer and its potential impacts, and negative market sentiment drove Broad Homes' valuation to hit bottoms. Broad Homes' management commented: "The Company does not have back-to-back contracts and direct accounts receivables with the debt-laden property developer; most projects are settled in cash or acceptance bills. Additionally, the Company has also strengthened controls over possible risks of default on related projects from a year ago."Regulation tightening of China's real estate industry can be regarded as a fresh new opportunity for Broad Homes' strategic business development. Broad Home's "two-wheel" business strategy - To-B business (PC units) + To-C business ...

SeaPRwire
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Luxury properties in S’pore selling like hot cakes

elean
7 minutes

Singapore may have leapfrogged many advanced cities, including Hong Kong, to be one of the most popular investment destinations for the rich and famous. Over the past decade, efforts to build the country's economic infrastructure and financial hub have raised its global profile and allure to wealthy investors. Why does Singapore appeal to the super-wealthy? And why are the ultra-rich buying luxury homes despite the economic uncertainties? Exponential growth in luxury home sales Luxury home sales have risen to a new high in more than 10 years. According to the Urban Redevelopment Authority (URA) data, private home sales in the core central region (CCR) jumped by almost 25 per cent quarter on quarter in the second quarter of this year to 1,930 units, the strongest quarter since the last quarter in 2010 when 2,014 units were transacted. They climbed by more than 4.5 times year on year. In the first half of this year, almost 3,500 luxury homes were sold, surpassing the annual sales from 2018 to last year. The landed housing segment has similarly seen a demand surge, with over 2,100 properties transacted islandwide in the first seven months of this year, almost triple the 780 transactio...

SeaPRwire

China’s nightmare Evergrande scenario is an uncontrolled crash

elean
8 minutes

SHANGHAI (BLOOMBERG) - Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises to more than 70,000 investors. Construction of unfinished properties with enough floor space to cover three-fourths of Manhattan grinds to a halt, leaving more than a million homebuyers in limbo. Fire sales pummel an already shaky real estate market, squeezing other developers and rippling through a supply chain that accounts for more than a quarter of Chinese economic output. Covid-weary consumers retrench even further, and the risk of popular discontent rises during a politically sensitive transition period for President Xi Jinping. Credit-market stress spreads from lower-rated property companies to stronger peers and banks. Global investors who bought US$527 billion (S$708.8 billion) of Chinese stocks and bonds in the 15 months through June begin to sell. While it's impossible to know for sure what would happen if Beijing allows Evergrande's downward spiral to continue unabated, China watchers are gaming out worst-case scenarios as they contemplate how much pain the Communist Party is willing to tolerate. Pressure to intervene is growin...

JCN Newswire
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Showa Denko Concludes Long-Term Contract to Supply SiC Epitaxial Wafers for ROHM Co., Ltd.

ruth
3 minutes

TOKYO, Sep 13, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) has concluded a long-term supply contract with ROHM Co., Ltd. (ROHM), a Japanese semiconductor manufacturer providing highly efficient SiC power semiconductors for the global market, to supply SiC epitaxial wafers for power semiconductors (SiC epi-wafers) for plural years.ROHM decided to conclude this ling-term contract because the company appreciated high-quality and stable supply system of SDK's SiC epi-wafers. ROHM continues developing state-of-the-art semiconductors, and therefore, this long-term contract will further strengthen technical cooperation between SDK and ROHM on improvement in qualities of SiC epi-wafers including homogeneity in properties[1] and low density of surface defects[2].SDK's SiC epi-wafers, which were launched into the market in 2009, have been adopted by electronic device manufacturers as parts of various devices including power supply for servers of cloud computing systems, inverters for railcars and solar power generation systems, and converters installed in quick charging stands for EVs. SDK expects that its SiC epi-wafer business will grow further in the market ...

SeaPRwire

Luxe brands can no longer afford to ignore grey market

elean
6 minutes

(NYTIMES) - Imagine you are hunting online for a pair of square-toed slides from Bottega Veneta, one of the most-hyped luxury brands now. A new season pair can cost over US$550 (S$737) from the brand's website, an old-guard department store like Neiman Marcus or an e-commerce player like Net-a-Porter. But what if you chose to buy from Cettire, a website offering discounts of up to 30 per cent on the latest fashion styles? You would be a player in the multibillion-dollar luxury "grey" market, a fast-growing sales sector that has historically operated out of sight of most Western consumers. But with the arrival in recent years of firms like Baltini in Italy, Italist in the United States and Cettire, which listed on the Australian Stock Exchange at the end of last year, grey sales have been ending up in millions of digital shopping baskets. Unlike the illegal counterfeit goods found on the black market, the grey market sells authentic luxury products - but at a significant discount, usually between 15 per cent and 35 per cent, and with no contact with the brands. Through a practice sometimes known as parallel importing, grey market sellers take advantage of the varying pricing strateg...

SeaPRwire

China property crackdown alarms analysts as economic risks grow

elean
5 minutes

HONG KONG (BLOOMBERG) - Warnings that China's campaign to cool its property market will go too far are multiplying. Economists at Nomura Holdings are calling the curbs China's "Volcker Moment" that will hurt the economy. The credit squeeze in the property sector is "unnecessarily aggressive" and may weigh on industrial demand and consumption, wrote colleagues at Bank of America Corp. A prominent Chinese economist cautioned of a potential crisis should home values drop below mortgages. Stabilising China's housing market under the mantra of "housing is for living, not for speculation" is one of the many campaigns being waged by Xi Jinping as he seeks to reduce the cost of raising a family and defuse risks in the financial system. Yet it's also one of the toughest goals to achieve given the vital importance of the sector to the economy - the industry accounts for more than 28 per cent of gross domestic output. The regulatory tightening appears to be working, after monetary easing last year spurred price gains. Property loans rose at the slowest pace in eight years in the first seven months of the year, according to the banking and insurance regulator, while home price growth dipped to...

ACN Newswire
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Colt adds seven Mainland China Exchanges to its Market Data Services Portfolio

indie
3 minutes

TOKYO, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - Colt Technology Services today announced the expansion of its portfolio of Market Data services to incorporate Mainland China. This new and unique proposition, available in Europe, North America and Asia, make Colt the only comprehensive provider of market data coverage for stock, futures and commodity exchanges across the country.From today, customers can access Market Data services, available directly from within Hong Kong Stock Exchange's (HKEX) colocation facility, for the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), China Financial Futures Exchange (CFFEX) and Zhengzhou Commodity Exchange (ZCE). Market Data services for the Shanghai Futures Exchange (SHFE), Dalian Commodity Exchange (DCE) and Shanghai International Energy Exchange (INE) will be added in Q3 2021.As a licensed market data provider, Colt offers raw and normalised feeds at consistently low latencies, even during periods of volatility. Different methods of delivery are also available: customers collocated at the market venues themselves can consume data feeds directly; away consumption is also available through Colt's extensive global networ...

SeaPRwire
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CSRC makes a statement to promote cooperation on securities audit and supervision between China and the United States

pandora
4 minutes

New York, NY / TickerInsider / August 20, 2021 / On August 20, China Securities Regulatory Commission (CSRC) held the 2021 system mid-year regulatory work conference to study and deploy the next phase of key work. Yi Huiman, Chairman of the CSRC, made a report entitled “Adhering to the stable and seeking progress and deepening reform and opening up to further promote the capital market to achieve high-quality development”. DiDi Global Inc. (NYSE:DIDI)Trade Date: 2021-08-19Open: $7.68, Close: $7.20, Low: $7.18, High: $7.70, Change: $-0.48Country: CN, Currency: USD, Industry: Software—Applicati, SectorTechnology— CSRC, NASDAQ, SEC, DIDI The meeting required that 1. to promote the reform of the securities market registration system, including: focus on promoting reform to optimize the pricing mechanism of the issue, improve the quality of prospectus disclosure, and further clarify the responsibilities of intermediaries. 2. is unswervingly promote the capital market system-type opening to the outside world. Coordinate development and security, and steadily launch policy measures to further expand and open the capital market. Create conditions to promote Sino-US audit and regulatory coo...

ACN Newswire
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KGiSL wins Broker Back Office project for Stock Exchange of Thailand

indie
4 minutes

Coimbatore, India & Bangkok, Aug 19, 2021 - (ACN Newswire via SEAPRWire.com) - KGiSL, a global IT products, services and solutions provider, has announced the landmark win of a contract from the Stock Exchange of Thailand (SET), one of the largest stock exchanges in ASEAN, to provide a Broker Back Office platform for Thailand's brokers. KGiSL's offering, which will be hosted by SET and made available to all capital market brokers, will be based on its flagship Dolphin platform, an end-to-end back-office system that eases business operations with seamless and controlled automation. The implementation is expected to be completed within 16 months.Dolphin, the leading back-office platform in India, caters to 60% of institutional brokers, supporting back-office clearing and settlement operations. Dolphin is set to become the one-stop solution for brokers in Thailand with its ability to handle multiple asset classes including equities, bonds and offshore trading for both retail and institutional brokers. The next-generation technology platform has been tested for handling 5 million trades/day and has the potential capability to scale vertically and horizontally, supporting increases ...