Author: Marie Jones

TVS Motor Company today announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired. SEMG is a market-leading provider of e-mobility solutions within the DACH region, operating the largest pure-play e-bike retail chain M-way in Switzerland with close to USD 100M in revenue. The company has a prestigious Swiss mobility brands portfolio, including Cilo, Simpel, Allegro, and Zenith – Bikes. By combining its extensive physical network…

Cake Monster, a new decentralized finance (DeFi) protocol on the Binance Smart Chain (BSC), has announced a revolutionary supply burn for its token. From the onset, the team at Cake Monster has defined themselves as economic innovators. The economic and innovative model of the project combines a hyper-deflationary native asset ($MONSTA) with the acquisition of a non-correlated reserve asset ($CAKE). After approximately seven months, the protocol continues to put proof to the theory and is working beautifully. The reserve is generated from a small transaction and proof of life tax (once every fifty days.) This ensures the continual and fair…

Ebury, the global non-bank leader in cross-border finance for SMEs, is entering Hong Kong’s non-bank lending market to provide trade finance for credit-starved small and medium-sized companies. Ebury announced today that it had started competing for head-on with large banks and Hong Kong’s non-bank lenders by offering SMEs unsecured trade finance as a complementary product for their payables, with line sizes of up to US$5 million per client. With a valuation of more than US$1 billion, Ebury is a ‘unicorn’ and has offices across Europe, the Middle East, North America, and Canada. The company, which is also expanding across Asia,…

The Myanmar Government said today it has approved USD 3.82 billion equivalent* in foreign investments and USD 651 million equivalent in domestic investments in the first year since the State Administration Council (SAC) took office. The investment commitments underscore confidence in the country’s economic potential amid a return to national stability and efforts to increase vaccination rates to contain the COVID-19 pandemic. The Ministry of Information (MOI) and the Ministry of Investment and Foreign Economic Relations (MIFER) released the latest investment figures for the country for the period between 1 February 2021 – when a Proclamation was issued – and…

PlatoData and the Government Blockchain Association (GBA) has formed an alliance to support the growing GBA community. The partnership extends the working relationship between both organizations across Plato’s growing data ecosystem. Plato’s curated approach to both data intelligence, press syndication and engagement strategy was setup to support communities throughout the blockchain ecosystem. “It’s a great honor to be part of such a wonderful and entrenched organization such as the GBA,” stated Bryan Feinberg CEO of Plato. “The Impact GBA is playing across the Government Enterprise market is substantial and represents what we consider a best of class opportunity to support…

Trintech Adra expands its partnership with Microsoft by announcing its newest integration into Microsoft Dynamics 365 Business Central. Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, expands its partnership with Microsoft by announcing its newest integration into Microsoft Dynamics 365 Business Central. This expanded partnership makes Trintech’s Adra Suite the only financial close solution with a certified Microsoft Dynamics 365 Business Central Connector and builds upon its already existing portfolio of Microsoft Connectors to support any Microsoft Dynamics customer regardless of version, past or present and on-premise or in the cloud.…

IQeon, the PvP gaming platform which enables users to monetise their in-game achievements, has announced it is expanding from a gaming project into a fintech project. IQeon has developed IQEX – a line of new products and services that brings together fintech areas like personal finance, payments, transfers, security, AI and cryptocurrencies. Vadim Dovguchits, CEO and Founder of IQeon, said: “Our goal is to create a self-sufficient environment for businesses and users, from the gaming industry to e-Commerce, from crypto trading with tokenised assets to shopping with your crypto card. We aim to unite worlds, taking only the best from…

Asia’s integrated healthcare company, Clearbridge Health Limited (“Clearbridge” or the “Company” and together with its subsidiaries, the “Group”), is pleased to announce that Labnovation Technologies, Inc.’s (“Labnovation”) COVID-19 Antigen Rapid (“ART”) Test Kit, which is imported by Clearbridge and registered for use in the Philippines, has been recently approved by the Food and Drug Administration (“FDA”) of the Philippines for self-testing. Highlights: – The Group is currently the only approved importer of Labnovation’s COVID-19 ART Test Kit in the Philippines as the Group has submitted and obtained the relevant regulatory approval for the ART Test Kit to be imported and…

Profit after tax jump by 2,350%, quarter on quarter Key Financial and Performance Highlights (Q3FY2022 vs Q3FY2021): Profit after tax at RM19.6 million, up by 2,350% Revenue at RM65.3 million, up by 98.5% Profit after tax margin at 30.0%, up by 27.6% Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax (PAT) performance, with an increase of RM18.8 million for the said quarter to RM19.6…

The cooperation includes the introduction of Cargill’s feeding programs and digital solutions. Partnership with Cargill should increase milk yield, improve animals’ health and reduce the cost of feeding rations. Don Agro International Limited (the Company or Don Agro) and its subsidiaries (collectively the Group), one of the largest agricultural companies based in the Rostov region of Russia, is pleased to announce the cooperation with Cargill, one of the top agricultural companies in the world, that will provide nutrition for the biggest farm of Don Agro. This collaboration should increase the efficiency of dairy farming at Don Agro through increasing milk…

Space Warriors has unveiled a new NFT project, set to transform the blockchain gaming space. The project, Space Warriors, is the leading community-focused game made on the Unreal Engine. It is a collection of 7,777 unique 3D NFTs, stored as ERC-721 assets on the Ethereum blockchain and hosted on IPFS. This game makes use of the Decentralised Autonomous Organization (DAO) voting system. This enables users, who own a Space Warrior, to vote on the major decisions that shape the game. This way, the users will determine the direction and trajectory of the game. As the CEO of Yield Guild Games…

NexBloc has partnered with Alexa Varano, known for her work in sustainable and wearable art, to create the first avatar NFT tied to a blockchain DNS (bDNS). NexBloc will dedicate the blockchain top-level domain (bTLD), .blochead, for naming each BlocHead image as a registered NFT. NexBloc will provide a limited custom series of 100 one-of-a-kind BlocHeads to partners and prominent participants of NexBloc’s current $NEXB token raise. In addition, 900 BlocHeads will represent variations of classic characters. These are part of NexBloc’s gated content for levels of staking rewards of $NEXB. Alexa Varano has long been painting and creating with…

Messe Muenchen’s subsidiary for Southeast Asia — MMI Asia Pte. Ltd. — has taken over ownership and operation of the Asia Climate Forum (ACF) from former owners Media Generation Ventures Ltd (MGV), including the 2022 edition taking place alongside the CleanEnviro Summit Singapore (CESG) from 18th to 20th April at Marina Bay Sands Convention Centre. Asia Climate Forum is Southeast Asia’s leading platform for weather forecasting, meteorological and hydrometeorological equipment, flood prevention and mitigation, and air quality control and management. Through three distinct exhibitions, InterMET, InterFLOOD and InterAIR, Asia Climate Forum has provided a focal point for the industry in…

Heartland and Ravago Americas have executed a joint development agreement to create the next generation of plastic resins. This collaboration aims to drive material innovation for companies that buy large volumes of plastic. Heartland’s hemp additives will help these manufacturers reduce the cost, weight, and carbon footprint of the raw materials they rely on every day. Ravago is one of the world’s largest plastic recyclers, compounders, and distributors. Ravago and its subsidiaries service over 50,000 customers globally across 325 facilities in 55 countries. Annually, they supply over 6.6 million MT of polymer and rubber. Heartland is building America’s first reliable…

Huisen Household Intl. (HKG: 2127) announced that it has entered into a strategic cooperation agreement with Netjoy Holdings Limited (HKG: 2131). According to the agreement, Huisen Household will appoint Netjoy as a short video online marketing solution provider for the promotion of the Group’s smart home products and the provision of big data management and analysis for improving and optimizing the efficiency of marketing and advertising campaign of the Group. In addition, the Group and Netjoy shall jointly cooperate for the development of a cloud-based virtual reality smart home project based on Metaverse, including the development of a virtual reality…

Regina Miracle International (Holdings) Limited (Regina Miracle or the Group) (HKG: 2199) today announced a partnership agreement with Victoria’s Secret & Co. (Victoria’s Secret) (NYSE: VSCO) related to the latter’s existing company-owned business in China. Regina Miracle and Victoria’s Secret have formed a joint venture (JV) to operate all Victoria’s Secret stores and the related online business in the People’s Republic of China (PRC). Under the terms of the agreement, Regina Miracle will own 49% of the equity interest in the JV with consideration of US$45 million in cash while Victoria’s Secret will own the remaining 51% interest. The JV…

Co-organized by LBS Communications, New Vision Asset Management and Mileage Singapore Hong Kong’s 2022 Virtual Investment Forum Invest For A Better World With Innovation: From SPAC To Metaverse was held on January 20, the first regional event aligning investors in the Metaverse with startups seeking funding. The Forum was co-organized by LBS Communications with New Vision Asset Management and Mileage Communications (Singapore), with the support of media platform partners Futu and Hong Kong Economic Digest. Distinguished speakers were invited to tap the hottest topics in the capital markets: SPACs and Metaverse. The morning session featured SPAC best practice. Mr Claudius…

Global X ETFs, a leading global provider of exchange-traded funds (ETFs), today announced its market outlook for 2022. With peak liquidity reached, Global X ETFs expects the market to pay closer attention to fundamentals as markets are likely to be more selective in 2022. On the other hand, the convergence of several disruptive technologies such as robotics, artificial intelligence (AI), mobility, digital economy as well as blockchain, is creating unprecedented opportunities. Updated guidance and sentiments from the US Federal Reserve on inflation expectations and the speed and trajectory of tapering and interest rate increases are likely to dominate sentiment in…

Health Management International Pte Ltd (HMI Group), a growing regional private healthcare provider with presence in Singapore, Malaysia and Indonesia, has acquired a majority stake in Eagle Eye Centre Pte Ltd (EEC), the largest private ophthalmology chain in Singapore. “With our investment, we will partner with EEC and work closely with the EEC doctors to grow the business locally and in the region,” said Ms Chin Wei Jia, Group Chief Executive Officer of HMI Group. “This is a significant step in expanding HMI Group’s portfolio into the specialist medical services as we strive to provide one-stop healthcare services both within…

Global X ETFs, a leading global provider of exchange-traded funds (ETFs), today announced its market outlook for 2022. With peak liquidity reached, Global X ETFs expects the market to pay closer attention to fundamentals as markets are likely to be more selective in 2022. On the other hand, the convergence of several disruptive technologies such as robotics, artificial intelligence (AI), mobility, digital economy as well as blockchain, is creating unprecedented opportunities. Updated guidance and sentiments from the US Federal Reserve on inflation expectations and the speed and trajectory of tapering and interest rate increases are likely to dominate sentiment in…