HONG KONG, Oct 16, 2020 – (ACN Newswire) – TOT BIOPHARM International Company Limited (“TOT BIOPHARM” or the “Company”; stock code: 1875.HK), is pleased to announce that Ms. Yeh-Huang, Chun-Ying, Executive Director, has been appointed as Vice Chairman of the Board while she has resigned as General Manager of the Company. Besides, it has also […]

SINGAPORE (THE BUSINESS TIMES) – The Singapore court on Thursday (OCT 15) sentenced a former CGS-CIMB Securities employee to 20 months and 18 weeks’ jail for her involvement in manipulating trading in the shares of Catalist-listed Koyo International between August 2014 and January 2016. Lau Wan Heng, 62, initially a broker and later a remisier […]

DHAKA (REUTERS) – Millions of garment workers could lose their jobs as global brands are demanding price cuts and delaying payments to suppliers who are desperate for orders to survive the new coronavirus pandemic, US researchers said on Friday (Oct 16). Suppliers have been asked to make their prices an average of 12 per cent […]

SINGAPORE – Singapore’s non-oil domestic exports (Nodx) grew at a slower pace in September, prompting analysts to warn of a still bumpy recovery path ahead. According to data from Enterprise Singapore (ESG) on Friday (Oct 16), shipments last month rose 5.9 per cent year on year, lower than the 7.7 per cent expansion recorded in August. It also […]

TORONTO, ONTARIO , Oct 16, 2020 – (ACN Newswire) – Woori BMO Group has today commented on Blackstone Group-backed consumer-leading platform Finance of America Equity Capital LLC as they get set to go public with a valuation of $1.9 billion through a publicly traded special purpose acquisition company (SPAC) merger, the popular way to list […]

Efforts to boost economic recovery and create jobs need to intensify, now that the Covid-19 situation has stabilised, said Deputy Prime Minister and Finance Minister Heng Swee Keat. The move requires the Government to shift from broad-based relief measures to more targeted support so firms and workers can stave off the worst effects of the […]

The Workers’ Party’s call for a universal minimum wage could leave workers and firms worse off, with the exercise to determine the wage level devolving into a political auction, said NTUC deputy secretary-general Koh Poh Koon yesterday. A single minimum wage is not a panacea for low-wage workers, he added. Like all other policies, there […]

The future of Housing Board (HDB) living will see smart fittings that give home owners the option of not only monitoring energy consumption and controlling smart appliances, but also directional signage with larger fonts and pictorial symbols. This is to ensure smart and sustainable living will keep pace with Singapore’s ageing population, said Deputy Prime […]

Each member of a Singaporean household has received an average of $1,500 in Covid-19-related support, said Deputy Prime Minister Heng Swee Keat. In addition, more than 300,000 Singaporean households have benefited from a voucher scheme launched by the community development councils (CDCs) in June to help needy families with daily expenses, he added. A second […]

The incomes of Singapore’s workers at the 10th percentile increased by more than 50 per cent over the past decade to $1,517 last year, said Senior Minister of State for Manpower Zaqy Mohamad. Full-time resident workers at this percentile had earned $1,000 in 2009, which illustrates the progress made under Singapore’s policy measures, he said. […]

BEIJING, China, Oct 15, 2020 – (ACN Newswire) – On September 27, China’s petrochemical industry saw its first digital warehouse receipt pledge financing transaction that integrates blockchain and Internet of Things (IoT) technology successfully implemented in China, providing new solutions for small and medium-sized petrochemical enterprises perplexed by overly expensive and slow financing. This transaction […]

TOKYO, Oct 15, 2020 – (ACN Newswire) – Fujitsu Limited, JCB Co., Ltd. and Mizuho Bank, Limited. today announced a joint demonstration trial aimed at further advancing a digital society in which digitally managed information attributable to individuals (i.e. ID information) can be safely and securely transacted online, distributed and linked between different industries. Image […]

LONDON (BLOOMBERG) – Banks are putting the brakes on UK commercial real estate lending as the pandemic batters the economy and stokes fears about looming defaults. New loans declined in the first half by 34 per cent from a year earlier to £15.5 billion (S$27.30 billion), according to a report from The Business School in […]

BRUSSELS (BLOOMBERG) – Huawei Technologies, already getting squeezed out of Europe’s vast market for the next generation of telecom equipment, is under siege in another fast-growing business: cloud computing. US officials have been lobbying European lawmakers and industry leaders to use Western companies – while shunning Huawei – to build data centers and offer infrastructure […]

YOKOHAMA, Japan, Oct 15, 2020 – (JCN Newswire) – Mitsubishi Power, Ltd., a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has concluded a memorandum of understanding (MOU) with Indonesia’s state-owned electricity provider PT. PLN (Persero) (PLN) and two of its subsidiaries (PT. Indonesia Power and PT. Pembangkitan Jawa-Bali), and Bandung Institute of Technology (ITB) on […]

SYDNEY (REUTERS) – Virgin Australia Holdings CEO Paul Scurrah will be replaced within weeks by Jayne Hrdlicka, the former head of Qantas’ budget offshoot Jetstar, as new owner Bain looks to draw in more travellers with a “hybrid” strategy. The management change at Virgin, to be effective soon after its sale to Bain Capital is completed […]

BEIJING, China, Oct 15, 2020 – (ACN Newswire) – Holography comes from the Latin vocabulary, and its meaning is: all, compound. According to the current common knowledge in mainstream technology filed, holography specifically refers to “holographic technology”, which is a technology for reproducing diffracted light emitted by objects. Holographic technology uses the principle of interference […]

MANILA, Oct 15, 2020 – (ACN Newswire) – A new study of the online content viewing behaviour of Filipino consumers, has found that 49% access streaming piracy websites or torrent sites. The levels of piracy went as high as 53% within the 25-34 age demographic. The survey commissioned by the Asia Video Industry Association’s Coalition […]

SINGAPORE (BLOOMBERG) – Mr Kuok Khoon Hong is ready to pull off a remarkable second act. The billionaire sold shares of his China business in the biggest initial public offering (IPO) on the Shenzhen Stock Exchange, thanks to the most popular cooking oil brand in the country. Mr Kuok’s Yihai Kerry Arawana Holdings will debut […]

SINGAPORE – CapitaLand’s wholly-owned lodging business unit, The Ascott Ltd, on Thursday morning (Oct 15) said it is seeing strong recovery in China on the operations front, with apartment revenue in September performing close to 95 per cent of its year-ago level. Ascott also said it has been maintaining a steady stream of openings as […]