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SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform

indie
3 minutes

Singapore, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - The Board of Singapore Myanmar Investco Limited ("SMI") is pleased to announce that it has entered a comprehensive non-binding memorandum of understanding ("MOU") yesterday with NASDAQ-listed Internet company The9 Limited, to launch a cryptocurrency cloud mining business. Focusing initially on three types of cryptocurrencies - Bitcoin (BTC), Filecoin (FIL) and Chia (XCH) - the mining business will be hosted in a range of facilities across Canada, US, Central Asia and the ASEAN region to serve customers. This business is expected to commence in Q4 2021 and will be subject to regulatory approval. Following the MOU, SMI has also entered into a cooperation and support agreement yesterday, which includes a range of technical support services to be provided by NHASH (Hang Zhou Suan Li Technology Co Ltd), a cryptocurrency cloud mining Software-as-a-Service ("SaaS") company, for an initial five year term, and with an option to extend for another five years, subject to mutual agreement. This agreement also presents SMI with the option to purchase up to 4,000 crypto mining machines, including models such as the Antminer S19j, and t...

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Dusit International expands hotel operations in Thailand with the opening of pet-friendly dusitD2 Hua Hin

indie
6 minutes

Hua Hin, Thailand, Jul 15, 2021 - (ACN Newswire via SEAPRWire.com) - Dusit International, one of Thailand's leading hotel and property development companies, has expanded its operations in the kingdom with the opening of dusitD2 Hua Hin, an upscale pet-friendly retreat in the heart of Hua Hin, a popular seaside destination just three hours by car from Bangkok.dusitD2 Hua HinDeluxe Terrace BedroomFamily Terrace BedroomRooftop poolMs Suphajee Suthumpun, Group CEO, Dusit InternationalLocated just a seven-minute walk from Hua Hin's main beach and near popular local attractions such as Cicada Market and Bluport Hua Hin Resort Mall, the new hotel is designed to offer a modern and comfortable haven where families and groups of friends can recharge, relax, and easily discover everything the destination has to offer, with space to bring their pets with them.Alongside 152 contemporary guest rooms and suites ranging in size from 30 to 92 sq m, including selected rooms equipped with pet-friendly amenities for up to two pets, the bright and airy property offers a wide range of facilities for work, rest and play.Current dining facilities include Cafe Soi, an all-day dining restaurant where guest...

SeaPRwire

39-year-old woman arrested for murder after death of man with multiple wounds in Ang Mo Kio

aseanpr
1 minute

SINGAPORE - A dispute on Thursday (July 15) outside a home in Ang Mo Kio Avenue 3 ended with a 51-year-old man killed and the arrest of a 39-year-old woman. Police said preliminary investigations showed that the pair knew each other. When officers arrived at the scene, both were found with multiple wounds. They were taken to hospital but the man later succumbed to his injuries. The woman is warded for medical treatment and will be charged in court on July 16 with murder, the police said. The offence carries the death penalty. More on this topic Related Story 43-year-old man nabbed for murder after man found dead with stab wounds in Punggol Related Story Clementi death: Brother has charge upgraded to murder of teenage sister

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Adlai Nortye Raises $100 Million in Series D Financing, Co-led by SDIC Fund Management and Tigermed, participated by Legend Star, WuXi Biologics Healthcare Ventures

indie
6 minutes

NEW JERSEY and HANGZHOU, CHINA, Jul 15, 2021 - (ACN Newswire via SEAPRWire.com) - Adlai Nortye Ltd. (hereinafter referred to as "Adlai Nortye"), a global biopharmaceutical company focused on developing innovative oncology drugs, today announced the completion of $100 million Series D financing round. Co-led by SDIC Fund Management and Tigermed, this round of financing is participated by Legend Star, Wuxi Biologicals Healthcare Ventures, Triwise Capital, Qingdao Mukui, Guolian Industrial Investment, Tian Ge Interactive, etc. Proceeds from the financing will be used to accelerate the development of ongoing clinical and preclinical programs, expand drug portfolio through in-house R&D capability, in-licensing, mergers and acquisitions and other strategic collaborations. "We intend to develop differentiated and innovative oncology drugs globally to address the unmet medical needs and aspire to transform the deadly cancer into a chronic and eventually a curable disease," said Carsten Lu, President and CEO of Adlai Nortye. "This round of financing represents an important milestone for Adlai Nortye, and we are honored to continue gaining support from our prestigious new and existing in...

JCN Newswire
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Fujitsu Transforms Nuerburgring Racetrack Safety with Artificial Intelligence

ruth
4 minutes

MUNICH, Jul 14, 2021 - (JCN Newswire via SEAPRWire.com) - In the future, the Nuerburgring circuit could benefit from advanced artificial intelligence-supported safety features thanks to Fujitsu. A complex deployment of HD cameras, real-time AI analysis and instant alert systems mean that both RaceControl and drivers can be immediately notified of incidents on this challenging racetrack section - nicknamed the - green hell by Formula One driver Sir Jackie Stewart.The iconic Nordschleife (North Loop) is the most famous of the Nuerburgring's two racetracks. The 20.8-kilometer track features a total of 73 turns, including blind corners, drops and significant elevation changes - and is consequently considered by many to be one of the most challenging in the world. Historically, in the event of an incident, such as a vehicle leaving the track, race marshals relied on radio and communication with the marshals on the track to relay the information back to RaceControl and make decisions. In contrast to the Grand Prix circuit, the Nordschleife has not yet been equipped with cameras and is therefore out of sight from RaceControl. This meant it was often difficult to assess and react to issues...

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Fujitsu and Digital Commodity Exchange Enter Strategic Agreement to Accelerate Digital Transformation in Global Commodities Trading

ruth
5 minutes

TOKYO, Jul 13, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited and Digital Commodity Exchange Pte. Ltd. (DCX) today announced that they have entered a global strategic agreement to accelerate the digital transformation (DX) of the global commodity (1) trading industry, including the trade of agricultural products such as grains and raw materials for manufactured goods. In addition, Fujitsu will make a strategic investment in DCX on July 13, 2021 through a fund managed by its subsidiary Fujitsu Ventures Limited.DCX is a holding company of Rice Exchange (2) and was established in Singapore in 2020 as a start-up company that leverages digital technologies to solve business challenges surrounding global commodity trading, including complex and inefficient exchanges and how to best ensure reliability and transparency. Since August 2019, Fujitsu and Rice Exchange have been working together to solve frictions related to global transactions with the world's first digital global rice trading platform, which successfully deployed blockchain technology to realize efficiency with a high degree of reliability and transparency. Fujitsu and DCX are additionally endeavoring to transform ...

SeaPRwire

Hyflux winding up hearing adjourned after intervention by Utico

elean
3 minutes

SINGAPORE (THE BUSINESS TIMES) - White knight suitor Utico is making another last-ditch attempt to intervene in Hyflux's winding up process. The Middle Eastern utility firm was looking to file an affidavit, which refutes what judicial managers (JMs) have asserted regarding the failure to proceed with certain negotiations for the restructuring of Hyflux, the Singapore High Court heard on Monday (July 12). This follows a hearing before High Court Justice Aedit Abdullah on the winding up application filed last month by Hyflux's JMs from Borrelli Walsh after restructuring negotiations with potential investors had fallen through. Justice Aedit had granted permission for Utico's draft affidavit to be circulated among creditors within the day. The winding up hearing was adjourned, and a new date will be fixed in a pre-trial conference on Tuesday. But Justice Aedit pointed out that commercial judgements are generally left to the JMs, and Utico currently does not have a standing as a shareholder nor as a creditor. The court heard that it is in the "creditors' general interest" that Utico's affidavit is heard, and there is evidence that could impact whether Hyflux should wind up without furt...

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TOYOTA GAZOO Racing Motivated for Monza

ruth
6 minutes

TOKYO, Jul 12, 2021 - (JCN Newswire via SEAPRWire.com) - TOYOTA GAZOO Racing aims to maintain its 100% winning Hypercar record this week when the 2021 FIA World Endurance Championship (WEC) returns to Italy for the first time in nearly 30 years for the 6 Hours of Monza.The new GR010 HYBRID Hypercar has won both races so far this season, in Spa-Francorchamps and Portimao, and will now take on the high-speed challenge of Monza, a track which holds a special place in Toyota's endurance racing history.In 1992, Geoff Lees and Hitoshi Ogawa earned Toyota's first World Championship sportscar victory, beating opposition from Peugeot and adding the TS010 Group C car to a roll of honour which includes previous Monza-winners such as the Jaguar XJR-14, Mercedes Benz C11 and Porsche 962.That proved to be the last World Championship sportscar race in Italy, although WEC visited in 2017 for its pre-season Prologue test. The historic 5.793km track, in Europe's largest walled park, returns to the calendar this year.TOYOTA GAZOO Racing heads to Monza leading both World Championships following an exciting start to the season. Last year's Le Mans winners Sebastien Buemi, Kazuki Nakajima and Brendon Ha...

SeaPRwire
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Dining in for groups of 5 resumes, S’poreans welcome chance to eat with friends, family at the same table

aseanpr
4 minutes

SINGAPORE - A pre-lunch crowd of mostly retirees and elderly folk was observed making full use of the five-person dining in rule that kicked in on Monday (July 12). Many welcomed the easing of restrictions after almost three weeks of being limited by a cap of two people per table at eateries. The cap lasted from June 21 to Sunday (July 11). Almost all tables were occupied at the Foodfare @ AMK Hub food court by noon on Monday, with several groups comprising four or five people. "We contacted one another as soon as we heard we could go out together again," said Ms Lai Nee Chin, 56, a housewife, who was with her two sisters and brother-in-law. "I think the Government took the right pace in easing restrictions because now it's ramping up vaccinations so it makes sense that vaccinated people can meet up again while staying safe," added Ms Lai. However, Mr Aok Pow Chong, 72, a retired technician who was also at the food court with a group of four friends of similar age, said that rules could have been eased sooner. "I think it was long overdue because the Government has had more than a year of experience in dealing with Covid-19 already, so it should have the confidence to manage the si...

SeaPRwire

Oil edges higher with investors betting on accelerating demand

elean
2 minutes

NEW YORK (BLOOMBERG) - Oil edged higher after a two-day gain amid optimism that fuel demand will keep rising, despite a Covid-19 resurgence in many regions. Futures in New York traded near US$75 a barrel after climbing more than 2 per cent on Friday. The rollout of vaccines and rebound in economic activity in major economies, particularly the U.S., has underpinned the increasing fuel consumption. The spread of the virus's delta variant and uncertainty over supply from the OPEC+ alliance are clouding the outlook, however. Oil's upward momentum was interrupted last week after an OPEC+ meeting on output levels was abandoned. Crude capped its first weekly loss since May - despite an end-of-week rally - with the stalemate raising concern the group's unity may fracture and lead to a price war. The alliance had been widely expected to restore more of the production sidelined during the pandemic. The International Energy Agency will provide investors with a snapshot of the market on Tuesday with the release of its monthly report, while OPEC will also release its monthly report on Thursday. The market's bullish structure has eased slightly on the OPEC+ uncertainty. The prompt timespread for...

SeaPRwire

How shipping woes can hit your Christmas shopping

elean
5 minutes

(BLOOMBERG) - If it seems like shipping delays and soaring delivery costs aren't getting any better, it's because they're both getting worse. Throughout the Covid-19 pandemic, blame for global supply-chain disruptions has bounced from virus outbreaks to container shortages, from spendthrift Americans gorging on household appliances and tools to a massive ship beaching itself across the Suez Canal in March. Those are still causing problems, but now a new hiccup threatens to prolong the pain, maybe even long enough to upset Christmas shopping: The key export hub of Yantian in the heart of China's factory belt was partially shut down in June to control virus cases, shrinking what little spare capacity existed in an industry that moves more than US$4 trillion (S$5.4 trillion) worth of goods across the global economy each year. "The latest one is the worst in terms of the supply-constraint hits," says McKinsey partner Steve Saxon in Shenzhen, China. He reckons it could be a month before Yantian is fully operational again, with the fallout rippling to other ports. That means container shipping rates could stay high and delivery times could get stretched out even more heading into the pea...

SeaPRwire

Singapore explores all options with nurses in short supply

aseanpr
1 minute

SINGAPORE - Ms Nan Hnin Ei Phyu, 38, an assistant nurse clinician with the Singapore General Hospital (SGH), left Myanmar to come to Singapore in 2000 to study nursing. Her aunt, who was working here as a nurse, had encouraged her to do so, and Ms Nan, a Singapore permanent resident, was recently one of the 125 nurses presented with the Nurses' Merit Award. 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

Man charged with armed robbery at Bukit Batok licensed moneylender involving $22,000

aseanpr
2 minutes

SINGAPORE - A man was charged in court on Saturday (July 10) with armed robbery at a licensed moneylender in Bukit Batok. Syed Shahrul Nazrin Syed Mohibur Rahman, 30, allegedly committed the offence at about 7.10pm on Thursday at Block 372 Bukit Batok Street 31. He is accused of going to the licensed moneylender and showing a woman working there a handwritten note. Syed allegedly had two notes with him, but it is not clear which was shown to her. The first note read: "Don't panic. Don't shout. This is a robbery. Fill up the bag with money. You have two minutes. Or else!" The second note read: "This is a robbery. Don't shout. Don't panic. Put all the money in the bag and nobody will get hurt." Syed, a Singaporean, also purportedly indicated that he had a knife in his bag. The employee complied with his instructions and handed him $22,000 in cash. Syed is said to have fled the scene, but was arrested in Lorong 8 Geylang about 11 hours later. He had allegedly taken steps to mask his identity by covering his features with a hat and long-sleeved top, and had avoided leaving any trace of evidence at the crime scene. The police seized about $18,500 in cash, the two notes and a bag from hi...

SeaPRwire

Ultra-rich still drawn to S’pore as wealth hub

elean
1 minute

SINGAPORE - The pandemic has failed to dent Singapore's status as a global wealth hub with well-off individuals continuing to put their riches here. Asset managers note that private banks like UBS, Citi and HSBC are expanding their wealth businesses despite the Covid-19 crisis. 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

TikTok lets users apply for jobs with video resumes, as US firms struggle to hire

elean
2 minutes

NEW YORK (AFP) - TikTok, the social network known for short entertainment videos popular with young people, has launched a recruiting platform that allows users to respond to job offers with a short video rather than a traditional resume. Dubbed TikTok Resumes, the pilot programme began last Wednesday (July 7) and is limited to the US job market, and scheduled to last until July 31. "TikTok Resumes is officially open and accepting TikTok video resumes," the network's Global Head of Marketing Nick Tran said in a statement. "We're humbled to be able to partner with some of the world's most admired and emerging brands as we pilot a new way for job seekers to showcase their experiences and skillsets in creative and authentic ways," he added. Recruiters can post their job offers on a dedicated site, and TikTokers can apply there by submitting a video and adding the hashtag #TikTokResumes to it. "#CareerTok is already a thriving subculture on the platform," Mr Tran said. "And we can't wait to see how the community embraces TikTok Resumes and helps to reimagine recruiting and job discovery." Companies like restaurant chain Chipotle, Abercrombie & Fitch, Shopify, Target and World Wrestling...

ACN Newswire
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Blockpass Partners with OpenDeFi for KYC Provision and PASS Rewards

indie
4 minutes

HONG KONG, Jul 9, 2021 - (ACN Newswire via SEAPRWire.com) - Blockpass and OpenDeFi are proud to announce their new partnership. The two companies will collaborate to provide regulatory compliance, security and additional benefits to the intersection of Decentralised Finance and real-world assets - 'Open Finance'. In addition, Blockpass and OpenDeFi plan to jointly offer AMAs, giveaways, rewards and tutorials.OpenDeFi is the Open Finance protocol by OroPocket that aims to link DeFi solutions and physical assets, providing banking opportunities such as loans, which are backed up by real-world assets. Notably, assets are held by custodians, providing a secure and trusted opportunity for individuals and institutions alike. OpenDeFi works to provide a solution which avoids hurdles such as price slippage, low liquidity and long settling times whilst simultaneously facilitating investment opportunities, cross-chain support and a decentralised solution with 100% uptime.Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure d...

ACN Newswire
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Activation Group and Vision Entertainment Enters into a Strategic Cooperation

indie
5 minutes

HONG KONG, Jul 8, 2021 - (ACN Newswire via SEAPRWire.com) - A provider of integrated marketing solutions in Greater China, Activation Group Holdings Limited ("Activation" or the "Company", collectively, the "Group", stock code: 9919), has entered into a strategic cooperation with Vision Future (Shanghai) Media Technology Co., Ltd.* ("Vision Entertainment") to form a joint venture, in which Activation owns majority shares. The partners will together explore the huge potential of livestream e-commerce business at the forefront of the digital marketing realm in mainland China. Pursuant to the strategic cooperation, the two parties will jointly operate DouYin key opinion leaders ("KOLs") livestream business and DouYin brand business to serve luxury and fashionable lifestyle brands. The joint venture will marry Activation's celebrity and brand resources with Vision Entertainment's rich experiences in the livestream e-commerce sector to help brands expand online marketing and their e-commerce business on the DouYin platform. It will draw on its professional marketing capabilities to bring in more live e-commerce celebrities, and nurture DouYin KOLs to build a DouYin KOLs matrix. Last yea...

ACN Newswire
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Study: More than half of the world’s population will use mobile wallets by 2025

indie
8 minutes

SINGAPORE, Jul 8, 2021 - (ACN Newswire via SEAPRWire.com) - The biggest report ever on the growth of mobile wallets projects that one in two people will use a mobile wallet by 2025. At the end of 2020, there were over 2.8 billion mobile wallets in use. That number is projected to increase by nearly 74% to reach 4.8 billion mobile wallets in use by the end of 2025 - nearly 60% of the world's population. The fastest growing markets are Southeast Asia, Latin America, and Africa & Middle East where mobile wallets are displacing cash and cards for more convenient digital payments. Boku, a fintech pioneering the world's first global mobile payments network, has released its 2021 Mobile Wallets Report in partnership with digital technology analyst house Juniper Research, which provides insight into mobile wallet adoption and use in leading markets across the globe. In 2019, mobile wallets overtook credit cards to become the most widely used payment type globally and the shift to online driven by the pandemic has accelerated adoption. Mobile wallets use is growing rapidly across the world with emerging markets leading the way.Key findings- Southeast Asia is the fastest growing mobile w...

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Regeneron Pharmaceutical’s Covid-19 antibody cocktail likely be used in Singapore once available

aseanpr
6 minutes

SINGAPORE - Regeneron Pharmaceutical's Covid-19 antibody cocktail - which can be used to treat patients who are mildly sick but are at risk of severe illness - will likely be used in Singapore once it is available, said the National Centre for Infectious Diseases (NCID). This follows results from a large British study published on June 16 that the drug can reduce the mortality rate by 20 per cent among people who have been hospitalised for Covid-19 and whose immune system had not mounted an antibody response. This translates to six fewer death for every 100 people who are seronegative, meaning they had not mounted an antibody response , the study noted. Dr Shawn Vasoo, clinical director of NCID, told The Straits Times that besides these findings, previous data on the Regeneron antibody has indicated that patients who are at risk of progressing to severe Covid-19 disease, and were treated as outpatients with the drug had a lower number of visits to the hospital (2.8 per cent) than those who were not given the drug (6.5 per cent). "Together, this data is supportive that Regeneron's antibody has a role in select patients with Covid-19 who have milder illness but are at risk of progres...

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VFS Global, Unifier and Accredify announce strategic partnership in digital health credentials for a seamless and safe cross-border travel experience

indie
6 minutes

SINGAPORE, Jul 8, 2021 - (ACN Newswire via SEAPRWire.com) - VFS Global, Affinidi's Unifier and Accredify have announced a strategic partnership to provide an end-to-end digital solution for COVID-19 (RT-PCR) testing for Singapore bound travellers from Indonesia. With the gradual easing of restrictions by countries while ensuring the safeguarding of public health and traveller safety, a smart and reliable COVID-19 testing and verification solution is now a prerequisite for restarting international travel. The partnership will provide a convenient solution for all travellers who are required to undergo pre-departure testing - a mandatory requirement for travellers entering Singapore from countries classified as high risk.VFS Global, Accredify and Affinidi's Unifier are leveraging their strengths and capabilities in the healthcare, travel and technology space to provide a secure and reliable solution to stakeholders within the travel ecosystem. This starts from enabling travellers to seamlessly book their mandatory pre-departure COVID-19 swab test and keep a copy of the swab's results online via VFS Global's network of accredited laboratories. With Accredify's tamper-proof HealthCert ...