Author: Marie Jones

State-owned energy company PT Pertamina committed to support the Indonesian government to achieve net zero emissions (NZE) by 2060 through the decarbonization initiatives program currently implemented by the company. Senior vice president of strategy and investment at Pertamina Daniel S Purba conveyed this information during an ASEAN Panel Discussion on the sidelines of COP27 in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). At the discussion, Purba delivered a presentation on “Decarbonizing the ASEAN Way – Harnessing the Collective Actions of ASEAN Private Sectors Driving Net-Zero: Pertamina’s Overarching Plan in Decarbonization”. He explained that Pertamina as a state-owned energy…

Yes, it’s true. Soon millions of Americans will gather around dinner tables to give thanks and eat turkeys, but there would be no turkeys at all if animal conservation efforts hadn’t saved the species more than a hundred years ago! “The story of the wild turkeys is, well, wild!” says Cynthia Thayer, the Chief Marketing Officer of educational chocolate brand, Yowie. “Thanksgiving and the history of wild turkeys is the perfect starting point for a lifetime of awareness. Our hope at Yowie is that we can introduce the concept of endangered animals in a fun way and in turn, show…

NPI Goes up by 77% & Realised Net Income Increased by 862% in 3Q 2022 For 3Q 2022, Revenue recorded a substantial increase of 62% For YTD September 2022, NPI goes up by 40% and Realised Net Income by 256% Earnings supported by a continued recovery in the retail sector Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced the third quarter results ended 30 September 2022 (3Q 2022). Hektar REIT recorded revenue of RM31.06 million, a substantial increase of 62.4% compared with RM19.12 million in the same quarter of the previous…

PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA] successfully booked an operating income of Rp865.5 billion or 29.7% higher on a year-on-year basis (YoY) as recorded in the financial statement for the period ended on 30 September 2022. This figure reflected WIKA’s success in recording sales of Rp12.8 trillion or 9.8% higher YoY. WIKA’s President Director, Agung Budi Waskito (Agung BW), said that the largest contributors to WIKA’s sales performance were the infrastructure and building sector, industry sector, energy and industrial plant sector, and the realty and property sector. “This achievement shows that the strategy implemented to strengthen the core business…

Kingsoft Office Group Achieves Significant Growth in Office Software and Services Business Adheres to the Strategy of Premium Games and Optimizes Game Experience Kingsoft Corporation Limited (Kingsoft or the Company; HKG: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2022 (period under review). During the period under review, the revenue of Kingsoft increased 22% year-on-year and kept flat quarter-on-quarter to RMB1,837.1 million. Revenue from the office software and services, and the online games and others represented 55% and 45%, respectively, of total revenue. Gross profit increased…

Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), SEA’s leading data-driven loyalty, fintech and e-commerce ecosystem, today announces a filing of its 3Q 2022 Form 10-Q with the Securities and Exchange Commission. Please see filing here. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001817511/000160706222000677/sopa093022form10q.htm Summary Points: – Nine months 2022 unaudited revenues grew 2,870% year on year (from $100,823 for nine months ended 30 September 2021 to $2,994,416 for nine months ended 30 September 2022). – Third quarter 2022 unaudited revenues grew 2,354% year on year (from $83,534 for third quarter ended 30 Sep 2021 to $2,050,264 for third quarter ended 30 September 2022). – Third quarter 2022 unaudited revenues…

K. Wah Group’s member companies K. Wah International Holdings Limited (KWIH) and LUI Che Woo Prize Limited (LUI Chi Woo Prize) are jointly sponsoring the Hong Kong Palace Museum (HKPM or the Museum) Volunteer Programme to provide various training courses and work opportunities aiming at increasing the public’s appreciation for the Chinese culture, especially among the younger generation, nurturing talents for the heritage industry and arts and culture sector, and fortifying Hong Kong’s status as a hub for cultural and artistic exchange between China and the rest of the world. Around 500 volunteers enrolled in the first HKPM Volunteer Programme…

The 10th edition of IBEX, India’s leading Tradefair & Conference for the BFSI & Fintech sector, is scheduled from 19-21 January 2023 at the Jio World Convention Centre, Mumbai, India. The BFSI & Fintech sector in India has gone through a significant expansion over the last few years witnessing a massive move towards digitization and has accelerated the adoption of various digital technologies, processes and systems. Technological advancements are undoubtedly helping banks and financial institutions to thrive in a constantly changing environment by transforming business processes and initiating efficiency, speed, consistency, and cost-saving measures. Investing in these technologies has ensured…

Dulai Fruits to partner with one of world’s largest agrifood groups to advance durian business PLS Plantations Berhad trading and export subsidiary, Dulai Fruits Enterprise Sdn Bhd cemented their export and exclusive distribution agreement with COFCO Food Import Co. Ltd, the import and distribution subsidiary of China Oil and Foodstuffs Corporation (COFCO) in Shanghai. COFCO is China’s leader in the agricultural and food industry and a world leading agri-product trader with a global footprint with fully integrated value-chain. It is also China’s largest food processor, manufacturer, and trader. The agreement was formalised in Shanghai, China. This exclusive distribution agreement was…

Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) for cutting carbon emissions while supporting economic growth. “This collective agreement is a solid foundation for Indonesia to achieve Indonesia’s net-zero target by 2060 or sooner,” Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said on Monday. The Indonesian government is working on developing regulations that support carbon capture and storage (CCS) and starting discussions with governments in other regions, he added. Meanwhile, Pertamina’s CEO and president director, Nicke Widyawati, said that the CCS development and decarbonization cooperation is in line with Pertamina’s…

Algorand Foundation, the organization dedicated to helping fulfill the promise of the leading carbon negative Layer-1 blockchain Algorand, has teamed up with the Crypto Oasis, the fastest growing crypto ecosystem in the world. The partnership will kick off with Crypto Oasis representing as the official regional partner for Algorand’s annual flagship Decipher conference, which will take place in Dubai from the 28-30 of November at Madinat Jumeirah, and continue throughout 2023 with the Algorand Foundation as an official Crypto Oasis ecosystem partner. Crypto Oasis is excited to bring its active and growing community to connect with the Algorand ecosystem at…

The statement was delivered by President Joko Widodo during the closing ceremony of the 40th and 41st ASEAN Summits and Related Summits at Sokha Hotel, Phnom Penh, Sunday, (Nov 13). The Indonesia President Joko Widodo (R) and the Cambodian Prime Minister Hun Sen (L) during the closing ceremony of the 40th and 41st ASEAN Summits and Related Summits at Sokha Hotel, Phnom Penh, Sunday, (Nov 13). Indonesia takes over the ASEAN chairmanship from Cambodia and will hold the chairmanship in 2023. Prime Minister Hun Sen hands a gavel to Indonesian President Joko Widodo, a gesture symbolizing the handover of the…

Society Pass Incorporated (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (“SEA”) leading data-driven loyalty and e-commerce ecosystem, today announces that Company Founder, Chairman, and CEO Dennis Nguyen has been invited to present at the Sigma Europe Gaming Festival to be held on 14-18 November 2022. The in-person venue for the event is the Malta Fairs & Conventions Centre located at Millennium Stand, Level 1, The National Stadium, ATD 4000, Malta. Mr. Nguyen will serve as one of the panelists for the “Entering One of the Fastest Growing Verticals: Fintechs” to be held on Day 3 of the Sigma Europe…

Welcome to this edition of 101 article exploring one of the staking coins on Moonstake. This time, we’ll be looking at Solana and its native coin SOL, which has grown rapidly since its inception just a few years ago and is now one of the most popular cryptocurrencies on the market, referred to by many crypto experts as one of the Ethereum killers. What Makes Solana Unique? Originally launched in 2020, Solana is a layer-1 blockchain that focuses on scalability, speed, cost minimization, and energy-efficiency. Solana’s innovative infrastructure maintains a single global state between different ecosystems as the network scales,…

The UN Climate Change Conference (COP27) 2022 can inspire the global community and all parties to increase contribution to tackling climate change, according to Senior Vice President of Strategy and Investment of Pertamina Daniel Purba. “Sometimes when we work only focusing on our own sector, we never think about a global point of view. So I’m sure this COP27 will inspire and encourage everyone to think globally in order to accelerate contributions in dealing with climate change through industries that we each work on,” Purba said during a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in…

The 3-day InfoComm Southeast Asia 2022 at the Bangkok International Trade and Exhibition Centre (BITEC) came to a close on 4 November 2022. Returning in-person for the first time since its launch in 2019, Asia’s premier Professional AudioVisual (Pro-AV) and Transformative Technology Exhibition and Summit saw exhibitors, visitors and delegates from 22 countries. It was non-stop action across the Exhibition show floor and the various Summit session venues. “The enthusiasm we saw among our exhibitors and visitors was striking,” said Richard Tan, Executive Director of InfoCommAsia. “Amidst the impressive array of technological developments were intensive personal conversations and exciting forward-looking…

The Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Pandjaitan officially launch the Floating Solar Power Plant (FSPP) of the Muara Nusa Dua Reservoir owned by PLN Group on Friday (11/11). The presence of a new and renewable energy (NRE) based generator with a capacity of 100 kilowatt-peak (kWp) will also support the reliability of the electricity supply for the G20 Summit. The launch of the Muara Nusa Dua FSPP was also attended by the Minister of Public Works and Public Housing of the Republic of Indonesia Basuki Hadimuljono and President Director of PLN…

The Food and Drug Supervisory Agency (BPOM) has issued emergency use authorization (EUA) for InaVac, a COVID-19 vaccine developed by researchers from Airlangga University (Unair). “InaVac has obtained emergency use authorization from BPOM and will be mass-produced,” the rector of Unair, Prof. Moh. Nasih, said on the sidelines of the campus’ dies natalis (anniversary) on Wednesday. The vaccine, which can be used to prevent a COVID-19 infection, has been made using an inactivated virus, which means, a virus that cannot reproduce and cause disease. InaVac has been approved for use as a primary vaccine for people aged 18 and above…

The Energy, Sustainability, and Climate Business 20 Task Force (TF ESC-B20) has successfully created the First Green Industrial Area in Southeast Asia. In a statement released on Saturday, the green industry area acts as an industrial decarbonization effort, which has become an important step not only for the industry but also the cluster. Chair of the TF ESC-B20 Nicke Widyawati said that supporting decarbonization will accelerate the achievement of net zero emission that is targeted by Indonesia in 2060. Supporting the development of green industry clusters will also attract more foreign investment in the future, encouraging national economic growth and…

China Resources Pharmaceutical Group Limited (CR Pharmaceutical or the Group) (HKG: 3320) has announced that the Group will once again be included as a constituent stock of the MSCI China Index, which will become effective after the market close on 30 November 2022. The MSCI Indexes are key benchmarks for institutional investors investing in the global equity markets, and cover companies with positive operating performance and solid potential. The selected stocks must meet the market capitalization, liquidity and free-float requirements, and thus have a high reference value. The MSCI China Indexes consist of a range of country, composite and non-domestic…