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Ireland ranks highly as preferred investment migration destination in Europe following Brexit

indie
3 minutes

HONG KONG, May 31, 2021 - (ACN Newswire via SEAPRWire.com) - Ireland ranked high on the list of preferred investor migration destinations in Europe following Brexit, according to European Union institutions. Dublin is the favourite destination for financial services firms moving jobs to the European Union after Brexit, according to a study by the accounting consultancy EY.Irish Diaspora Loan Fund (IDLF) is an investment fund authorised and regulated by the Central Bank of Ireland which offers the opportunity for foreign investors to invest in Ireland in return for access to the Irish Immigrant Investor Visa Programme. (5/31)The EY Financial Services Brexit Tracker, which monitors public statements made by 222 financial services firms, identified 36 financial services firms that are considering or have confirmed relocating some UK operations and/or staff to Dublin. Luxembourg took the second most popular destination for financial services firms attracting 29 companies in total. Frankfurt attracted 23 companies in third, followed by Paris with 20 companies.The EY Financial Services Brexit Tracker: https://tinyurl.com/eybrexitIreland also ranked second in the better-known Golden Visa ...

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Moonstake Partners with PL^Gnet to Bring Innovative DeFi Services to Users Globally

indie
5 minutes

SINGAPORE, May 28, 2021 - (ACN Newswire via SEAPRWire.com) - Moonstake is pleased to announce we are now partners with PL^Gnet and a proud member of the PL^Gnet Partner Alliance. Through this partnership, Moonstake can expand access to DeFi services, exchanges, and custodians participating in the PL^Gnet partner ecosystem for its users. Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports 12 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and IOST.Meanwhile, PL^Gnet is an advanced multi-chain synthetic assets protocol, designed to enable asset custodians to leverage any asset from any network in its synthetic form as well as innovative DeFi services. It provides the benefits of transparency, co...

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Ireland ranked high on the list of the most preferred investment migration destination in Europe following Brexit

indie
4 minutes

HONG KONG, May 28, 2021 - (ACN Newswire via SEAPRWire.com) - Ireland ranked high on the list of the most preferred investment migration destinations in Europe following Brexit, according to updates from many institutions. Dublin is the most favourite destination for financial services firms moving jobs into the European Union after Brexit, according to a study by the consultancy EY.As revealed in the EY Financial Services Brexit Tracker which monitors public statements made by 222 financial services firms, 36 financial services firms are considering or have confirmed relocating some UK operations and/or staff to Dublin. Of the 36 firms, nine are universal banks, investment banks and brokerages; 18 are wealth and asset managers; and 6 are insurers or insurance brokers.After Dublin, Luxembourg is the second most popular destination for financial services firms and has attracted 29 companies in total. Frankfurt has attracted 23 companies in total, followed by Paris, which has drawn 20. Source:https://www.ey.com/en_ie/news/2021/03/ey-brexit-tracker-dublin-remains-most-popular-eu-relocation-city-for-uk-fs-firmsIn addition, Ireland recently ranked second in the better-known "Golden Visa"...

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Kingsoft Announces 2021 First Quarter Results

indie
5 minutes

HONG KONG, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2021 ("period under review").During the period under review, the revenue of Kingsoft increased 33% year-over-year to RMB1,559.6 million. Revenue from the online games and others and office software and services represented 51% and 49%, respectively, of total revenue. Gross profit increased 36% year-over-year to RMB1,315.9 million, while profit attributable to owners of the parent increased 1,763 % year-over-year to RMB116.6 million. Mr. Jun LEI, Chairman of Kingsoft, commented, "Our first-quarter results signal a good start for the year as we continued to focus on office application services for government, enterprises and individuals, and high-quality IP and premium games. Kingsoft Office Group seized the opportunity for digital transformation and will continue to develop the ecosystem for cloud and collaboration. In our online games business, we maintained steady development of our core games while ac...

SeaPRwire

PropNex Q1 profit nearly doubles to $14.8 million on higher revenue

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Real estate agency PropNex on Tuesday (May 11) posted a first-quarter net profit of $14.8 million, nearly double the $7.6 million the year before. This came amid higher revenue due to an increase in commission income from agency services and project marketing services. The results translate to earnings per share (EPS) of 4.01 cents for the three months ended March 31, against an EPS of 2.05 cents the year prior. Revenue was up 63.3 per cent on the year to $220.6 million, from $135.1 million. The group earned $47.5 million in commission income from agency services and $38 million from project marketing services. This was a result of a higher number of transactions completed in the first quarter following improvements in both the Covid-19 situation and the economy. PropNex said the growth in both its top and bottom line is also attributable to improved market sentiments. There was a "strong take-up" of new project launches, it added. No dividend has been declared for the period, unchanged from a year ago, due to the company's policy of distributing dividends on a semi-annual basis. Shares of PropNex closed at $1.09 on Monday, down $0.04 or 3.5 per cen...

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Ngern Tid Lor (SET: TIDLOR) debuts shares on SET

indie
5 minutes

BANGKOK, May 10, 2021 - (ACN Newswire via SEAPRWire.com) - Ngern Tid Lor PCL (SET: TIDLOR) received a warm welcome from investors on the Stock Exchange of Thailand today closing 25% higher at THB 45.75 per share with a trading volume of more than THB 33 billion. TIDLOR became the largest IPO ever in the Thai Finance and Securities Sector, as well as one of the five largest IPOs ever in the history of the Thai equity market, with a total offering size of THB 38,089 million (including an overallotment option) and market capitalization at the IPO price of THB 84,643 million, demonstrating Ngern Tid Lor's strong fundamentals as the leading vehicle title loan-provider and top-3 retail-focused insurance broker, ensuring the Company' rapid growth. Driven by technological innovation and an omni-channel distribution platform, Ngern Tid Lor is ready to take its success in listing on the SET to another level by expanding its network of branches and boosting efficiency. The company plans to continue to invest in improving technological and digital platforms in order to maintain its leadership status and create sustainable growth opportunities. Stabilization activities will be in place for a pe...

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Rimba Raya Floating Clinic Supplying Health Care to the Community along the Seruyan River

indie
6 minutes

JAKARTA, May 3, 2021 - (ACN Newswire via SEAPRWire.com) - The Rimba Raya Floating Clinic was introduced into the project area as a means to improve community access to health services in and around the Rimba Raya working area which is located along the Seruyan River. In cooperation with the Seruyan District Health Office, the Rimba Raya Floating Clinic has delivered health services three times in 2020 (Jan, Aug, Nov) and once already in 2021 (March).Medical check-up by Medical personnel in Belanti Village(L) & Medical personnel with Rimba Raya Staff(R).Dr Ristya Aulia of the Floating Clinic medical team.Medical examination by Medical personnel in Tampudau Village(L) & Cempaka Baru Village(R), Miss Irus is checked by the nurse.During these trips, several healthcare services are provided including general medical check-ups which help determine the health of local people by recording their weight, height, blood pressure and temperature. A general wellness check is also done. Additionally, pregnant women are examined to ensure that the pregnancy is advancing normally and that the mother to be is in good health. Children are also examined to monitor their growth and physical dev...

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 ...

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Suzuki, Subaru, Daihatsu, Toyota and Mazda Reach Agreement on Joint Development of Technical Specifications for Next-generation Vehicle Communications Devices

ruth
3 minutes

Toyota City, Japan, Apr 27, 2021 - (JCN Newswire via SEAPRWire.com) - Suzuki Motor Corporation, Subaru Corporation, Daihatsu Motor Co. Ltd., Toyota Motor Corporation, and Mazda Motor Corporation reached an agreement to jointly develop technical specifications for next-generation vehicle communications devices and to promote the common use of communications systems, by using connected services to link automobiles and society with the aim of creating new appeal, value and services, to be standardized for early provision of safer and more convenient connected services.Conceptual Diagram of Connected Service OperationWithin the field of CASE (connected, autonomous/automated, shared, and electric), which is said to be bringing about major transformations in the automotive industry, rapid advances are being made in the connected domain, in relation to the communications and data aspects of technology and business including cloud services, IoT, big data, and AI. Individual automobile manufacturers are independently developing vehicle communications devices, and even in cases where the same connected services such as remote operation functions are provided, each company is adopting a diffe...

ACN Newswire

Zhongyu Gas bucking the trend in 2020 with a low-carbon economy conducive to future growth

indie
7 minutes

HONG KONG, Apr 26, 2021 - (ACN Newswire via SEAPRWire.com) - In the past year, the global economy was hardly hit by the impact of COVID-19. In the first quarter of 2020, various localities suspended work and production due to the pandemic, resulting in a sharp decrease in industrial and commercial gas demand. However, after the resumption of work in full swing, the upstream price reduction policy was basically completed, and the retail prices of natural gas began to rise in some provinces, leading to a rebound in demand from industrial and commercial users and a further rise in the spread. Coupled with the surge in natural gas demand during the heating peak season in the fourth quarter, the gas segment was not impacted as a whole in 2020 and maintained a stable development.Breaking through value-added services as a new driver of growth in the year against the adverse market trendZhongyu Gas is a pioneer in the gas industry. Since its establishment in 2002, Zhongyu Gas has always adhered to the philosophy of "developing clean energy to achieve a better life," and endeavored to promote resources optimization and environmental improvement in the regions they serve through the optimiza...

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Pertama Digital expresses interest to apply for BNM’s digital banking license, currently in talks to form dedicated consortium

indie
4 minutes

SELANGOR, Malaysia, Apr 23, 2021 - (ACN Newswire via SEAPRWire.com) - Pertama Digital Berhad (PERTAMA), a Bursa Malaysia Main Market listed investment holding company in the government technology and fintech spaces, today announced its digital banking aspirations and revealed that it is currently in advanced joint venture talks to pursue the license from Bank Negara Malaysia. The application deadline is 30 June 2021.Saify Akhtar, Director of Strategy, said: "We are motivated by and aligned with the financial inclusion emphasis in the licensing framework for digital banks published by BNM in December 2020. Pertama Digital is leading a consortium of innovators and veterans, bringing to market a homegrown solution, purpose built for those Malaysians that need us most. We have been hard at work coordinating capital, talent, technology and a captive market and are proud to announce that we have a uniquely sustainable banking model that exceeds the requirements laid out in the framework. We look forward to delivering ethical financial products to underserved Malaysians and contributing to our post-pandemic recovery as a nation."Pertama Digital is the holding company of DAPAT Vista (M) Sd...

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Redsun Services Acquires 80% Equity Interest in Each of Gaoli Property and Jiangsu Gaoli Meijia for RMB73.54 Million

indie
4 minutes

HONG KONG, Apr 20, 2021 - (ACN Newswire via SEAPRWire.com) - Redsun Services Group Limited ("Redsun Services" or the "Group"), a fast-growing comprehensive community services provider that focuses on the Yangtze River Delta, has announced that its wholly-owned subsidiary, Hong Life Property Management, has acquired an 80% equity interest in each of two property management companies in Nanjing - Gaoli Property and Jiangsu Gaoli Meijia("Target Companies") - from Gaoli Holdings, for a total consideration of RMB73.54 million. The acquisition will enable Redsun Services to expand its business scope and coverage, enhance economies of scale for the Group's development in Jiangsu Province, foster the development of its value-added services and other businesses, and in turn, bring new opportunities for the growth of the Group.The Target Companies are principally engaged in the provision of property management services in the China, with a focus on property services relating to home fittings ports and automobile display venues. For the year ended 31 December 2020, revenue of the Target Companies amounted to RMB36.52 million, representing an increase of 33.9% when compared to the same period ...

SeaPRwire

Brexit hit on London financial hub worse than expected, says study

elean
3 minutes

LONDON (REUTERS) - Over 400 financial firms in Britain have shifted activities, staff and a combined £1 trillion (S$1.84 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank said on Friday (April 16). "We think it is an underestimate and we expect the numbers to increase over time: we are only at the end of the beginning of Brexit," the study said. The EU has offered Britain little in the way of direct market access for financial services, which were not included in the bloc's trade deal with the United Kingdom from January. "That access is unlikely to be forthcoming, so it is perhaps better for the industry to take the damage from Brexit on the chin and focus instead on recalibrating the framework in the UK so that it is more tailored to the unique nature of the UK financial services industry," the study said. Some 7,400 jobs have moved from Britain or been created at new hubs in the EU, the study said. Bankers have told Reuters that some staff moves have been delayed due to Covid-19 travel restrictions. The total of 440 relocations is higher than anticipated and well above the 269 in New Financial's 2019 su...

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Tokyo Century and DOCOMO to Globally Expand EDGEMATRIX Edge-AI Platform for Video Surveillance & Monitoring

ruth
3 minutes

TOKYO, Apr 13, 2021 - (JCN Newswire via SEAPRWire.com) - Tokyo Century Corporation and NTT DOCOMO, INC. announced today that they have reached a basic understanding on a collaboration to globally expand the EDGEMATRIX edge-AI platform for video surveillance and monitoring provided by EDGEMATRIX Inc.EDGEMATRIX simplifies the implementation and management of edge AI for processing and storing video data captured with video cameras on location (edge) at factories, buildings and other outdoor and indoor locations. The platform maps the locations of multiple Edge AI Box devices installed on site, monitors their operational status and enables the devices to be controlled remotely. Customers can purchase convenient and practical AI applications at the EDGEMATRIX Store for the simplified implementation of AI solutions for various surveillance and monitoring purposes.Tokyo Century and DOCOMO are now exploring opportunities to market and sell EDGEMATRIX services mainly in North America but also other overseas markets. DOCOMO is looking into conducting marketing and sales activities either on its own or through local sales partners. Tokyo Century is considering options for providing customer ...

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Worshippers in Singapore welcome Good Friday service after a difficult year

aseanpr
3 minutes

SINGAPORE - Identified as a close contact of a church member who tested positive for Covid-19, Mr Kenneth Lek was quarantined in February last year. During the two weeks at home, the 52-year-old investment manager was touched by the kindness of his neighbours and fellow church members, who dropped by to leave meals for him and his family. Mr Lek, a member at the Grace Assembly of God church, was one of many worshippers who attended on-site Good Friday services across Singapore after months of virtual and hybrid religious activity due to Covid-19 restrictions. Mr Lek said the Good Friday service was a special moment to share with other church members and to reflect on his experience in overcoming a difficult year. "Although we attend Good Friday services every year, it was made more memorable this time because we truly appreciate how fortunate we are and how we should not take things for granted in our lives," he said. Last year's Holy Week services were held virtually due to the Covid-19 pandemic. This year, services were conducted on-site with a cap on the number of attendees and stringent measures in place to prevent the spread of infection. Attendees who spoke to The Straits Tim...

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Redsun Services is given ‘Outperform’ and ‘Buy’ Rating by CCB International and CMB International

indie
3 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - Redsun Services Group Limited ("Redsun Services" or the "Group"; stock code: 1971), a fast-growing comprehensive community services provider focused on the Yangtze River Delta, is given 'Outperform' and 'Buy' rating by CCB International and CBM international respectively with target price at HK$9.2 and HK$9.37, both famous investment banks have recognized the Group's outperforming annual results for the year 2020. CCB International mentioned Redsun Services' diversified business and its continuous expansion of third-parties business, expects third-parties/Redsun Properties (1996.HK) to account for 60%/40% by 2021 and 70%/30% of the Group's managed GFA by 2022. For community VAS (Value-added Services), the Group plans to ramp-up full-cycle living service, including common area VAS, community ancillary, property brokerage, home decoration, and asset management services. In the case of information technology systems, it will continue to upgrade its management system to reduce operating costs and improve operating efficiency. CCB international thinks Redsun Services has attractive valuation, and is one of the most undervalued...

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Maps.me to Launch Financial Services of the Future to Millions of Users

indie
4 minutes

ZUG, SWITZERLAND, Mar 24, 2021 - (ACN Newswire via SEAPRWire.com) - Maps.me today announced that it will add next-generation financial capabilities to its navigational services, aiming to enrich the lives of hundreds of millions of people around the world by providing them with an easier way to pay, transfer, earn passive income and invest. From generating attractive investment returns in a low-interest world to making instantaneous payments across 35 currencies, Maps.me 2.0 will integrate convenient financial services with the world's most popular off- line mapping platform."We're excited to be building a holistic travel and financial platform that will be a trusted companion to our highly-engaged community of users as they explore the world and go about their daily lives," said Alex Grebnev, Co-founder of Maps.me. "Maps.me has enhanced people's ability to navigate, wherever they are going. Now, the same platform will offer financial services that are cheap, secure and highly relevant to the needs of Maps.me users."From maps to moneyMaps.me is used to discover and navigate places - from the streets of Barcelona to the African savannah - and bookmark them for future use. The app's ...

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Redsun Services 2020 Adjusted Profit Surges 63.5% to RMB93.3 Million, GFA Under Property Management Services Increases 71.4% to 27.0 Million sq.m.

indie
7 minutes

HONG KONG, Mar 23, 2021 - (ACN Newswire via SEAPRWire.com) - Redsun Services Group Limited ("Redsun Services" or the "Group"), a fast growing comprehensive community services provider focusing on the Yangtze River Delta, has announced its annual results for the year ended 31 December 2020 ("FY2020"). Under the three-dimensional development plan, which consists of property management services, value-added services to non-property owners and community value-added services, the Group has performed brilliantly as reflected by its first annual results since listing. FY2020 Highlights:-- The Group's revenue was RMB767.9 million, representing an increase of 52.7% compared with FY2019.-- The Group's revenue generated from its business lines are as follows:1) Revenue from property management services was RMB496.2 million, accounting for 64.6% of the total revenue, representing a year-on-year increase of 39.9% 2) Revenue from value-added services to non-property owners was RMB161.2 million, accounting for 21.0% of total revenue, representing an increase of 32.8% compared with last year 3) Revenue from community value-added services surged by 3.1 times to RMB110.4 million, accounting for 14.4...

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Sony and NTT DOCOMO Control Driverless “Entertainment Vehicle” in Guam from Japan–Over 2,500km–Via Remote Driver System Deployed on 5G Network

ruth
3 minutes

TOKYO, Mar 22, 2021 - (JCN Newswire via SEAPRWire.com) - Sony Corporation and NTT DOCOMO, INC. jointly announced today that they succeed in remotely controlling Sony's Sociable Cart (SC-1) entertainment vehicle carrying passengers in Guam from a base in Tokyo, over 2,500km away, via a 5G network.Video of the vehicle's perimeter was captured with Sony image sensors and sent in real time to a Sony office in Tokyo where the vehicle was driven remotely while the operator watched a monitor, taking advantage of 5G's low latency, large capacity and extra-high-speed connectivity. The test used a 5G network provided by DOCOMO PACIFIC, INC., a wholly owned subsidiary of DOCOMO.The SC-1's image sensors, which exceed human vision, are mounted on the vehicle's front, rear and sides, enabling high-resolution video of the vehicle's entire perimeter to be viewed by the remote operator and also passengers watching an on-board monitor. The use of these ultra-high-sensitivity sensors together with high-resolution monitors allows the operator to view surroundings clearly, including at night even without using headlights.In the emerging age of autonomous mobility, remote operation and monitoring are be...

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Shimao Services Announces 2020 Annual Results

indie
8 minutes

HONG KONG, Mar 15, 2021 - (ACN Newswire via SEAPRWire.com) - Shimao Services Holdings Limited ("Shimao Services" or the "Company"; HKEX stock code: 873.HK), a leading comprehensive property management and community living services provider in China, today announced the first annual results since its listing. In 2020, Shimao Services recorded operating revenue of RMB5,026 million, representing a year-on-year growth of 101.9%. Profit for the year surged 88.4% amounting to RMB724 million. Profit attributable to the equity holders of the Company stood at RMB693 million, representing a year-on-year growth of 80.2%. The Company has achieved overwhelming results compared with the previous guidelines. The Company's cash and cash equivalents amounted to RMB5.83 billion in 2020, representing an increase of 586.2%. Adhere to the concept of win-win sharing, the Board proposed a final dividend of HK11 cents per share, and total dividend amounted to HKD 260 million, translating to a dividend payout ratio of 31%. During the review year, the Company's GFA under management and various operating indicators expanded rapidly and accomplished speedy development. (From left to right): Mr. Liu Yu, Assist...