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HKTDC International Sourcing Show: Fashion industry experts reveal post-pandemic moves

indie
8 minutes

HONG KONG, Apr 12, 2021 - (ACN Newswire via SEAPRWire.com) - As the fashion world continues to react to the impact of the pandemic, a new paradigm is emerging within the industry. The HKTDC International Sourcing Show | ONLINE hosted three fashion-related webinars last month, with industry experts revealing the changes and opportunities that the pandemic has brought to the fashion arena.At "The Perfect Storm: Future-Proofing Your Fashion Business" webinar, Harvey Mok, Senior Vice President, Business Development at CASETiFY, shared insights into the online-and-offline shopping experience and retail trends.Edwin Keh, CEO of the Hong Kong Research Institute at Textiles and Apparel (HKRITA), showcased an innovative clothing material.Industry experts including Michael Leow, Asia/Pacific Sales & Marketing Head at Fashion Snoops, Matthew Olivier-Lovett, Director of Retail at Omnilytics, and Jaana Jatyri, CEO at Trendstop, shared the latest trend forecasts at "The Visionary Fashion Trends: Lifestyle and Retail" webinar.Expand product categories and enhance online salesIn the webinar titled "The Perfect Storm: Future-Proofing Your Fashion Business", Michael Ho, Marketing & Brand Par...

SeaPRwire

Fed’s Powell: US economy at an ‘inflection point’

elean
4 minutes

NEW YORK (REUTERS) - The US economy is at an "inflection point" with expectations that growth and hiring will pick up speed in the months ahead, but some risks remain, particularly any resurgence in the coronavirus pandemic, Federal Reserve Chair Jerome Powell said. In a brief preview of a longer interview with CBS' news magazine program "60 Minutes" set to air in full on Sunday night, Mr Powell echoed both his recent optimism about the economy and a now-familiar warning that Covid-19 remains the main risk. "We feel like we're at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly, so the principal risk to our economy right now really is that the disease would spread again," Mr Powell said. "It's going to be smart if people can continue to socially distance and wear masks." Indeed, recent data on the economy has been positive by and large, with a better-than-expected 916,000 jobs created in March and some Fed officials suggesting a run of a million new jobs a month is possible later this year. While pockets of the United States are seeing an upswing in Covid-19 cases - in Michigan in particular - infection rates in larg...

SeaPRwire

MAS may not tighten policy, but could flag risk of higher inflation

elean
1 minute

SINGAPORE - With inflationary pressures benign and major central banks most probably keeping their interest rates low for now, Singapore's central bank is likely to maintain its easing monetary policy stance this week. What remains to be seen is whether the Monetary Authority of Singapore (MAS) deems it fit to flag the risk of higher inflation and rates expected to emerge later in the year in some advanced economies, especially the United States. 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

Singapore’s newest unicorn PatSnap looks to expand into Europe

elean
1 minute

SINGAPORE - PatSnap - Singapore's latest billion-dollar tech start-up - is looking to expand into Europe and invest in companies that can bolster its growth strategy. The firm recently reached a valuation exceeding US$1 billion (S$1.35 billion) in its recent Series E funding round, with Softbank Vision Fund 2 and Tencent Investment among its investors. 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

Will petrol stations become drive-in cafes?

elean
4 minutes

(REUTERS) - If more vehicles are going to be powered by electricity, what is going to happen to the ubiquitous petrol stations? The head of Thailand's biggest petrol station network is betting US$1.5 billion (S$2 billion) that motorists will soon be stocking up on a different kind of fuel - coffee. That is the sum that Ms Jiraporn Kaosawad, chief executive of PTT Oil and Retail Business (PTTOR), is placing on rolling out thousands of coffee shops at home and abroad, along with other non-oil businesses, as global auto and fuel players gear up for a future dominated by electric car growth. A month on from Thailand's biggest initial public offering of the year, Ms Jiraporn's plans for the Cafe Amazon business - already the No. 1 Thai coffee shop chain - present PTTOR's take on the task facing oil majors from BP to Total: How to maximise profit from fuel networks as drivers of the future wait for their electric vehicles (EVs) to be charged up. These strategies are dependent on mass-scale take-up of EVs, now being promoted by governments and international organisations as one key to capping and ultimately reducing the emissions that stoke climate change. "Our investments and partnership...

SeaPRwire

Me & My Money: Investing in tech companies with an eye on the future

elean
1 minute

SINGAPORE - Technology is the future so investing in tech companies is proving a winning strategy for finance professional Michael Cowans. Mr Cowans, 46, believes companies like those in fintech, digital payments and even "green tech" will continue to grow, a belief that colours his career and personal investment. 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

Panel options uneven across IP insurers, numbers far shy of the whole

aseanpr
1 minute

SINGAPORE - Patients can access doctors across most specialisations on Integrated Shield Plan (IP) insurers' panels, but their options might sometimes be limited. Areas with the most panel specialists across the board include oncology, cardiology and orthopaedic surgery, according to data compiled by The Straits Times. 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

Building Sustainable, Safe and Secure Rail Networks with COTS (Commercial-off-the-shelf) Solutions in Asia Pacific

pandora
5 minutes

Singapore / SEAPRWire / April 9, 2021 / - With nations now much more prepared in dealing with the pandemic with vaccinations, testing, and containment, Asia Pacific is slowly and surely getting its economies back to speed as safely and as expeditiously as possible. Moving masses through the veins of the cities In many of the Asia Pacific nations, public transportation is the crux to the economies, providing an affordable and dependable infrastructure for work and leisure, especially in highly congested metropolitan cities around the region. Domestic air travel, whilst perhaps faster from point to point, may not be as affordable as rail or bus networks, especially when rail systems become fast and meticulously engineered into urban planning. Domestic high-speed rail for larger nations in this region has become more important, especially as they began to link up provinces. The region boasts some of the most advanced mass transit rail networks in the world, including the likes of Singapore, Hong Kong SAR, Taiwan, Japan, South Korea, and China. According to the UNIFE Global Rail study conducted by Roland Berger, the rail supply market saw constant growth in recent years, with especiall...

JCN Newswire
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MHI Invests in Starfire Energy, a Modular Green Ammonia Solution Provider, to Accelerate Efforts to Energy Transition

ruth
2 minutes

TOKYO, Apr 9, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that it has invested in Starfire Energy Inc., the leading developer of modular chemical plants for the production of green ammonia and hydrogen with a patented catalyst technology located in Denver, CO. The partnership will be used to advance the development of commercial scale applications to decarbonize ammonia production and unlock its potential as a zero-carbon energy carrier. The investment has been executed through Mitsubishi Heavy Industries America, Inc., joining a consortium of investors, including AP Ventures, Chevron Technology Ventures, New Energy Technologies and Osaka Gas USA.Ammonia is a promising solution with an energy density comparable to fossil fuels and significantly higher than Li-ion batteries, compressed or liquid hydrogen. It can be affordably and easily stored and transported, leveraging established infrastructure and shipping networks, and is regulated by well-developed codes and standards. It can be used directly as a fuel or it can be 'cracked', and its hydrogen harvested, to provide a stable, efficient means of hydrogen storage and transporta...

ACN Newswire
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Media Publishares and VIDY to develop NFT platform for fashion, arts and music community

indie
4 minutes

SINGAPORE, Apr 9, 2021 - (ACN Newswire via SEAPRWire.com) - Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore, announces a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.VIDY, founded by Singaporean techpreneur Matthew Lim and Harvard University alumni Patrick Colangelo, is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY's technology across Media Publishares' titles, the partnership between the two companies grew organically given their shared 'digital first' approach and innovative thinking.The NFT platform - slated to launch in Q3 of 2021 - celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world prob...

ACN Newswire
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Moonstake Partners with Sylo to bring their Staking Ecosystem to the Sylo Smart Wallet

indie
4 minutes

SINGAPORE, Apr 9, 2021 - (ACN Newswire via SEAPRWire.com) - Moonstake is proud to announce the beginning of a strategic partnership with Sylo, a decentralised software development firm and the creators of the Sylo Network and Sylo Smart Wallet.Through this collaboration, Moonstake will connect Sylo with their robust API/SDK solution, thereby enabling staking functionalities in the Sylo Smart Wallet and allowing Sylo users to earn passive income from their idle crypto assets. Additionally, Moonstake and Sylo will also collaborate to spread awareness about blockchain and decentralised technologies through joint marketing initiatives.This partnership is exciting for Sylo as it will see their over 400,000 users across more than 80 countries gain access to staking functionalities powered by Moonstake from within their flagship app, the Sylo Smart Wallet.Founded in 2010, Sylo is committed to decentralisation and has created an ecosystem consisting of digital consumer wallet software, applications, infrastructure and developer tools in order to usher in a decentralised future worth looking forward to.A unique wallet app that combines digital asset management with decentralised communicati...

ACN Newswire
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Media Publishares and VIDY announce partnership to develop NFT platform for fashion, arts and music community

indie
4 minutes

SINGAPORE, Apr 9, 2021 - (ACN Newswire via SEAPRWire.com) - Media Publishares, publishers of Vogue, Esquire, Robb Report and Buro in Singapore announce a partnership with VIDY to launch and develop an NFT platform catering to the fashion, arts and music industry.Founded by Singaporean tech-preneur Matthew Lim and Harvard University alumni Patrick Colangelo, VIDY is a blockchain-powered digital advertising tool that rewards viewers with native cryptocurrency, VIDYCOIN. Having implemented VIDY's technology across Media Publishares' titles, the partnership between the two companies grew organically given their shared 'digital first' approach and innovative thinking.The NFT platform slated to launch in Q3 of 2021 celebrates arts and culture within a 360-degree navigable virtual environment showcasing digital fashion, art, music and design. Key features of the platform include minting, trading and auctioning of NFTs through a tokenised system along with the ability to host social interaction.Focused on building virtual creativity as a skill set while promoting sustainable consumption, the platform will donate a percentage of NFT sales towards organisations tackling real-world problems t...

JCN Newswire
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NEC and Cisco expand strategic partnership to help advance global deployments of 5G IP transport networks

ruth
3 minutes

TOKYO, Apr 8, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701), a leader in the integration of IT and network technologies, and Cisco (NASDAQ: CSCO) today announced they have entered a Global System Integrator Agreement (GSIA) to expand their partnership for accelerating the deployment of innovative 5G IP transport network solutions worldwide.The new agreement underlines NEC's successful track record as a Cisco Gold Partner over two decades, and its proven engineering capabilities to provide Cisco products to its global customer base across multiple regions. Under the agreement, the companies will jointly drive new business opportunities for 5G. NEC group companies will work closely with Cisco to complement NEC's ecosystem with optimized IP metro/access transport and edge cloud computing solutions. Cisco will support NEC's customer engagements by offering best-in-class products, proposals and execution support.NEC's comprehensive expertise as a network integrator in both the IT and network domains, coupled with Cisco's innovative 5G solutions portfolio, promise to provide tremendous added value to the 5G ecosystem. NEC and Cisco will make collaborative efforts ...

JCN Newswire
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Toyota Launches LS and Mirai Equipped with “Advanced Drive” that Enables Drivers and Cars to Drive Together in Japan

ruth
2 minutes

Toyota City, Japan, Apr 8, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (Toyota) seeks, as a mobility company, to enrich people's lives through mobility. As a part of this effort, Toyota has positioned safety as a top-priority issue in accordance with its ultimate goal of reducing fatalities from traffic accidents to zero and is developing safety and automated driving technologies to offer unrestricted mobility to all. Toyota will review once again what true safety is for customers and what customers believe is true convenience and will link the results of its inquiries to people's happiness.The approach for achieving this is the Mobility Teammate Concept--an automated driving concept unique to Toyota that seeks to enhance communication between drivers and cars, enable them to reach out to each other for mutual assist, and enable coordinated driving similar to that by close friends. Rather than cars taking over driving from people and taking their place, drivers and cars act as partners to protect one another so that drivers can enjoy the experience of driving while deferring to automated driving at times, achieving truly safe, secure and unrestricted mobility...

SeaPRwire

Credit Suisse CEO faces anger in the ranks after Archegos mess

elean
4 minutes

NEW YORK (BLOOMBERG) - For the second time in a little more than a week, Thomas Gottstein was facing a tough crowd: his own bankers. The chief executive officer of Credit Suisse Group gathered dozens of managing directors at the global bank on a conference call late on Tuesday (April 6), as part of crisis-management efforts after the lender announced that it stands to lose as much as US$4.7 billion (S$6.3 billion) amid the meltdown of hedge fund Archegos Capital Management. According to people with knowledge of the call, Mr Gottstein was grilled on the exposure and risk profile of the bank - and why it lost so much more than rivals in the debacle. Mr Gottstein could not yet give detailed answers, and instead pointed to the arrival of new chairman Antonio Horta-Osorio later this month as an opportunity to reassess its strategy, the people said. The 57-year-old Swiss CEO is facing demands for answers from his board of directors and from the star traders, dealmakers and private bankers who are facing a double whammy. The shares they were just awarded for last year's efforts are already down about 20 per cent and the gains of a banner first quarter have been wiped out by the massive hi...

ACN Newswire
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AVIA OTT Summit 2021 – The Future of Video Streaming is Here!

indie
4 minutes

Singapore, Apr 7, 2021 - (ACN Newswire via SEAPRWire.com) - The Asia Video Industry Association's (AVIA) OTT Summit - The Future of Video Streaming welcomed 900 delegates and featured over 80 industry experts and leaders across the four-day conference this year.Opening the OTT Summit was the streaming analyst Matthew Ball, Managing Partner of Epyllion Industries, who presented a deep dive into the OTT industry in the United states, being the most mature, most competitive, and most valuable video market with the most consumptive media consumers in the world.In his session he highlighted that new subscriptions continued to dramatically outpace churn and content was clearly the key differentiator. And while content was king when it came to subscriber acquisitions, as a market matures it exhibits an unmistakeable preference for local content, as seen across the likes of China, India, Russia and France. "The OTT video industry is ultimately about content and the ability to create hit content is not equal," added Ball. Another key point was the fact that aggregation was already here with services such as Apple and Amazon TV.This aggregation has led to a change in the way platforms operat...

JCN Newswire
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Hitachi and Axcelead have agreed to start joint development of solutions contributing on more efficient creation of next-generation biopharmaceuticals

ruth
4 minutes

TOKYO, Apr 7, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE:6501) and Axcelead, Inc. today announced that they have agreed on a comprehensive collaborative partnership to develop solutions contributing on more efficient creation of next-generation biopharmaceuticals with digital technology and drug discovery platform. Hitachi has also made investment to Drug Discovery Gateway Fund ("DDG Fund") managed by Whiz Partners Inc. (President: Atsushi Matsumura, "Whiz"). Axcelead is the flagship portfolio company of DDG Fund.With continuous progress of life science, practical applications of next-generation biopharmaceuticals with new therapeutics modalities(1) demonstrating better balance of efficacy and side-effect, such as genes-, cell-, and mRNA(2)- therapeutics, have been recognized. Those new drug discovery modalities are also contributing to the speedy and variety development of vaccines and therapeutics for COVID-19.On the other hand, next-generation biopharmaceuticals are more expensive to develop and manufacture than low-molecular-weight pharmaceuticals, and due to their nature, the product stability and effective period and product life are shorter, and it would be...

SeaPRwire

Singapore hedge fund targets billions for trade finance

elean
2 minutes

SINGAPORE (BLOOMBERG) - A Singapore hedge fund that's posted steady gains by financing commodity trades in everything from rice to cashews, is working with a global business group to help finance billions of dollars in transactions for small firms. TradeFlow Capital Management has reached an agreement with the International Chamber of Commerce in France to start a new fund for small companies carrying out physical commodity trades, according to a statement. TradeFlow, which has reached a preliminary agreement to be sold to Supply@ME Capital Plc, has posted returns of about 0.5 per cent a month since it was formed in 2018, avoiding the turmoil that has buffeted commodity markets during the pandemic. The fund returned 5.9 per cent last year and 6 per cent in 2019. The Paris-based International Chamber of Commerce represents 45 million companies in 100 countries around the world and will help spearhead the funding drive with its members. The chamber also reached an agreement with fintech firm Finastra to develop a marketplace to ease access to trade finance for small businesses, according to a statement. The US$42 million (S$56.3 million) fund's typical transaction size is as low as U...

SeaPRwire

Singaporeans who invested with crypto-trading platform Torque lose life savings

elean
1 minute

SINGAPORE - When property investment wasn't giving her the returns she wanted, Jenny turned to cryptocurrency. In 2019, she bought $500,000 of the digital money and invested it with Torque, an online trading platform. 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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The Great Outdoors RV Announces Partnership with Top Off-grid Manufacturer Taxa Outdoors

indie
3 minutes

Greeley, Colo., Apr 5, 2021 - (ACN Newswire via SEAPRWire.com) - The Great Outdoors RV (TGORV), with its stunning displays, rustic charm, and state of the art, fifteen-acre facility since its move in July of 2020, has announced a truly unique experience for the avid outdoor enthusiast. The dealership will feature three new mobile habitats that focus on multi-purpose, high performance, and bringing the outdoors in: Cricket, Mantis, and TigerMoth - designed by award-winning former NASA senior architect, Garrett Finney."We're proud to partner with TAXA here at The Great Outdoors," says Matt Brown, General Manager of TGORV. "We've found the perfect complement to our vision for the Colorado camper: an unparalleled product and build, and an unforgettable experience unlike any other, which is the very thing we've seen emanate from TAXA Outdoors and its team. These habitats are just super cool, and you have to see them to appreciate all they will allow you to do. We've found a product that allows the true off-grid enthusiast to take off-road, and truly get lost in the great outdoors. Out is in(TM), and TAXA is as Colorado as it gets."Speaking further of the TAXA announcement, Kyle Ellinger...