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SINGAPORE – Mr Bertie Cheng Shao Siong, who was the chief executive officer of POSB for 23 years, died on Friday (Oct 22) morning from Covid-19. He was 84. He was unvaccinated against the coronavirus, his elder son Melvin Cheng, 46 told The Straits Times. “It was not that he was against vaccines altogether. He […]

Hong Kong, Oct 22, 2021 – (ACN Newswire via SEAPRWire.com) – XanPool, a payments infrastructure builder that operates in over 13 countries in the Asia Pacific, has raised US$27 Million in a Series A financing round led by Valar Ventures, alongside investors such as CMT Digital, and notable angel investor Taavet Hinrikus (Founder and Chairman […]

HONG KONG, Oct 22, 2021 – (亚太商讯 via SEAPRWire.com) – 近日，中国人民银行广州分行、深圳市中心支行及香港金融管理局正式公布“跨境理财通”首批试点备案银行名单，兴业银行广州分行、深圳分行和香港分行成为首批入围试点银行。 “跨境理财通”业务，是指粤港澳大湾区内地和港澳投资者通过区内银行体系建立的闭环式资金管道，跨境投资对方银行销售的合格投资产品或理财产品，按照购买主体身份分为“南向通”和“北向通”。 据介绍，兴业银行广州及深圳分行“跨境理财通”业务首批合作银行为兴业银行香港分行，通过香港分行为高净值客户提供多元化金融服务。即日起，符合资质的粤港澳大湾区个人投资者可通过以下方式参与兴业银行提供的跨境理财通服务： 北向通，即香港投资者在兴业银行香港分行开立汇款账户，并在开立后前往兴业银行内地大湾区支行开立投资专户，通过闭环式资金管道汇入资金购买兴业银行所销售的北向通理财产品。基于香港投资者权益保护的考虑，在业务初期仅限准入兴业理财子公司兴银理财管理发行的，风险等级在R2及以下、产品结构简单清晰的纯固收理财产品。 南向通，即大湾区内地投资者在兴业银行大湾区内地支行开立或指定汇款账户作为南向通汇款户，并在开立后前往兴业银行香港分行开立投资专户，通过闭环式资金管道汇入资金购买兴业银行香港分行所销售的南向通投资产品。目前香港分行拟上架产品主要包括国际知名投资机构所管理或发行的中低风险基金、债券等。 “兴业银行将把握机遇，发挥财富管理和跨境金融优势，加大集团境内外财富管理业务联动，推动粤港澳地区居民个人跨境投资便利化，持续擦亮‘财富银行’品牌，促进粤港澳地区互联互通。”兴业银行相关负责人表示。 Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

TOKYO, Oct 22, 2021 – (JCN Newswire via SEAPRWire.com) – The new 7000-Series carriages in service on the “Astram Line,” an Automated Guideway Transit (AGT) system designed and manufactured by Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), have received a “GOOD DESIGN AWARD 2021(1)” from Japan Institute […]

Delhi, India, Oct 22, 2021 – (ACN Newswire via SEAPRWire.com) – As the 3D printed construction market grows, startups and nonprofits alike are beginning to leverage advances in concrete 3D printing technology to address the affordable housing crisis. Recently, Habitat for Humanity International through its Shelter Venture Fund invested $411,000 in Tvasta Manufacturing Solutions Ltd. […]

Silkeborg, Denmark/ SEAPRWire / October 22, 2021 / – Space Vikings Token, a new Danish cryptocurrency, is set to disrupt the global beer market in 2022 by partnering with at least one brewery to release true Viking Ales. For the first time in history, a cryptocurrency and a brewery will join forces to not only distribute […]

SINGAPORE, Oct 22, 2021 – (ACN Newswire via SEAPRWire.com) – AppsFlyer, the marketing measurement and experience platform, today released the 13th edition of its Performance Index, ranking the top media sources in mobile advertising. In its edition, AppsFlyer is pioneering the SKAN Index, a SKAdNetwork ranking that reflects the new reality of privacy generated by […]

SINGAPORE – Singapore’s private home prices rose at a faster pace in the third quarter of this year despite tight Covid-19 restrictions, driven by a sharp increase in landed housing prices. Private property values climbed 1.1 per cent from the previous quarter, according to data from the Urban Redevelopment Authority (URA) on Friday (Oct 22). […]

HONG KONG/SHANGHAI (REUTERS) – China Evergrande Group wired funds to a trustee account on Thursday for a US dollar bond interest payment due Sept 23, a source told Reuters on Friday (Oct 22), days before a deadline that would have plunged the embattled developer into formal default. The source corroborated a story in the state-backed […]

Hong Kong / SEAPRWire / October 22, 2021 / – XanPool, a payments infrastructure builder that operates in over 13 countries in the Asia Pacific, has raised US$27 Million in a Series A financing round led by Valar Ventures, alongside investors such as CMT Digital, and notable angel investor Taavet Hinrikus (Founder and Chairman of Wise, […]

SINGAPORE (THE BUSINESS TIMES) – Ascendas real estate investment trust (Reit) has proposed the acquisition of 11 logistic properties located in Kansas City in the United States for $207.8 million. The acquisition will be the Reit’s first entry in the US logistics market, the Reit’s manager said in a bourse filing on Friday (Oct 22). […]

BENGALURU (REUTERS) – Crypto firm FTX Trading has raised fresh capital at a valuation of US$25 billion (S$33.7 billion) from a clutch of big-name venture capital investors, making it one of the most richly valued crypto start-ups in the world. The financing, led by investors including Ontario Teachers’ Pension Plan Board, Singapore investment company Temasek […]

SAN FRANCISCO (BLOOMBERG) – Snap warned on Thursday (Oct 21) that supply chain bottlenecks are prompting companies to hold back online advertising spending for the looming holiday season, sending shares of larger rivals – Google’s parent Alphabet, Facebook and Twitter – tumbling. The Snapchat parent said holiday-quarter sales would grow 28 per cent to 32 per […]

WASHINGTON (REUTERS) – A US regulator on Thursday (Oct 21) doled out a record reward of nearly US$200 million (S$269.4 million) to a whistle-blower who had provided information for a case involving the rigging of crucial financial benchmarks, according to the agency and a law firm involved in the award. The United States Commodity Futures […]

WASHINGTON (BLOOMBERG) – The Federal Reserve will ban top officials from buying individual stocks and bonds, as well as limit active trading, after an embarrassing scandal that led two officials to resign and clouded chair Jerome Powell’s path to renomination. “These tough new rules raise the bar high in order to assure the public we serve that […]

CHICAGO (BLOOMBERG) – Another day, another major snafu in cryptocurrency trading. The price of Bitcoin rapidly plunged by about 87 per cent on Binance’s US exchange on Thursday morning (Oct 21), sinking to as low as US$8,200 from around US$65,000. The price did nothing like that on other venues and on Binance, the level almost immediately […]

DALLAS (BLOOMBERG) – Walmart has started a pilot programme in which shoppers can buy Bitcoin at Coinstar kiosks in some of its stores in the United States. The test with Coinstar, which is known for machines that let customers exchange US coins for paper bills or gift cards, began earlier this month, Walmart spokesman Molly Blakeman […]

SYDNEY (BLOOMBERG) – Qantas Airways is gearing up for a Christmas rush, bringing back all its Australian workers and adding flights as the nation’s borders reopen after more than 18 months of near-isolation. The airline will start its first commercial flights between Australia and India in almost a decade before Christmas, and flights to Singapore, […]

TOKYO, Oct 21, 2021 – (JCN Newswire via SEAPRWire.com) – Tokai University, Toyohashi University of Technology, Chubu University, and DENSO Corporation have been developing testing equipment to detect SARS-CoV-2 with support from the Japan Agency for Medical Research and Development (AMED)(1). Universities and DENSO announced today that the group has succeeded in developing a biosensor […]

HONG KONG, Oct 21, 2021 – (ACN Newswire via SEAPRWire.com) – Organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd, and co-organised by the Environment Bureau of the Hong Kong Special Administrative Region (HKSAR) Government, the 16th edition of Eco Expo Asia will be held as a hybrid event, with […]