Asia Pacific Rayon Raises US$300m from National and International Affiliated Banks to Expand Production Capacity
Continued capital expenditure aims to boost production and support the recovery of Indonesian economyLoan agreements aligned with Indonesian Government's strategy to drive investment growth in 2021APR is a member of the RGE group of companies JAKARTA, INDONESIA - Media OutReach - 12 April 2021 - Asia Pacific Rayon (APR), the largest integrated rayon fiber producer in Indonesia, today announced that it has secured a syndicated loan facility of Rp 4.5 trillion (US$300 million) with national and international affiliated banks. The funding will be used to support continued capital investment in the company's production
Delphos International and YW Capital Agree Strategic Partnership
WASHINGTON D.C., USA AND JOHANNESBURG, SOUTH AFRICA - Media OutReach - 12 April 2021 - Delphos International (Delphos) today agreed a strategic partnership with YW Capital. Delphos, a DC-based financial consultancy focused on emerging markets, agreed the deal with YW Capital, a South African financial advisory firm. The agreement is premised on a compelling proposition for investors, entrepreneurs and institutions transacting across the African continent. Delphos Co-Chair, Bart Turtelboom Mesh Pillay, Chief Executive of YW Capital The partnership combines the two firms' specialisms. Delphos is
Philippines' new law cuts corporate tax, improves fiscal incentives system
MANILA, PHILIPPINES - Media OutReach - 12 April 2021 - The Philippines has enacted a landmark law that cuts corporate income tax by as much as 10 percent and rationalizes fiscal incentives, thereby serving as the biggest stimulus for businesses in the country's history. On March 26, President Rodrigo R. Duterte signed Republic Act No. 11534 or the "Corporate Recovery and Tax Incentives for Enterprises Act" (CREATE) into law after a joint Philippine Congressional panel ratified it in February. With the new law, the Philippine government is providing about P1 trillion (nearly JPY2.3 trillion) worth of tax
Chubb launches "Chubb LifeBalance" in Korea, a 360 degree personalised Health and Well-being App
SEOUL, SOUTH KOREA - Media OutReach - 12 April 2021 - Chubb today announced its release of "Chubb LifeBalance" in Korea, a digital health and well-being application that encourages people to incorporate healthy routines into their lifestyle. Chubb LifeBalance comprehensively assesses the lifestyle of users and provides a holistic view of health to help them to objectively measure and manage their own health condition. Once users set their personal goals within the app, such as walking 5,000 steps a day, reducing snack consumption, and establishing a meditation and/or sleep routine etc., the coaching functionality
Where will costly promotion e-commerce campaigns lead?
Online sale apps are spending big money on promotion campaigns to retain consumers, but the money seems to have been spent in vain. Online sale apps are spending big money on promotion campaigns to retain consumers, but the money seems to have been spent in vain.
Binance Launches Stock Tokens with German-Swiss CM-Equity AG and Digital Asset AG
MUNICH, GERMANY - EQS Newswire - 12 April 2021 - Binance, the global blockchain company behind the world's largest digital asset exchange, today announces the launch of zero commission tradable stock tokens to broaden access across traditional capital and cryptocurrency in cooperation with CM-Equity AG, a licensed investment firm in Germany, and Swiss-based Digital Assets AG, an asset tokenization platform. Each digital token represents one share of equity stock and is fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. Users will be able to trade fractional tokens.The first stock
Cushman & Wakefield : Office Availability Rate to Rise and Rent to Drop Further throughout 2021
Highlights of Office Market:Citywide rents down 24.4% from the last peak in 1Q 2019Negative net absorption of 900,000 sq. ft.Availability at record high of 14% since 2Q 2004Forecast rents to decline further till the end of 2022Highlights of Retail Market:Local demand drove retail sales up by 30% Y-o-Y in FebruaryShort-term leases improved high street occupancyRent adjustment will continue throughout 1H 2021Forecast gradual recovery mainly driven by F&B sectorsHONG KONG SAR - Media OutReach - 12 April 2021 - While office and retail rental performance went in the same downward direction, retail sales picked up gradually from the
IMF: Vietnam to be fastest-growing ASEAN economy in 2022
According to a recent report of the International Monetary Fund (IMF), in 2022, Vietnam's economy is forecast to have the fastest growing speed among others in ASEAN.
Turkish businesses look to invest in Vietnamese electronics industry
Local businesses are now completely capable of entering the supply chains of Turkish companies after gaining experience operating alongside leading companies and corporations from the United States, Europe, Japan, and the Republic of Korea, according to an online trade exchange conducted on April 8.
Lychee-growing localities receive preorders from foreign traders
Two months prior to the lychee season, the northern provinces of Hai Duong and Bac Giang, the two biggest growers of the fruit, have received many preorders from foreign traders.
Elon Musk's Starlink satellite internet service yet to be licensed in Vietnam
Starlink, a satellite internet project of Elon Musk, said on its website that it is targeting coverage in Vietnam in 2022.
Vietnam-Argentina trade up 4.3 percent last year
Two-way trade between Vietnam and Argentina has remained stable over recent years, reaching US$3.95 billion in 2020, up 4.3 percent from the previous year.
Vietnam’s rice exports to Thailand enjoy sharp increase
Vietnam’s rice exports recorded a sharp increase in the first half of March in comparison to the previous period from last year, with Thailand emerging as a key market, according to the Ministry of Industry and Trade (MoIT).
IMF: Vietnam's economy set to grow at 6.5% this year
Vietnam’s GDP growth rate is forecast to rise by 6.5% this year, a figure which is higher than the global average of 6%, before climbing to 7.2% in 2022, according to data released in the latest World Economic Outlook report compiled by the International Monetary Fund (IMF).
CIFI’s contracted sales grew by 157% year-on-year to RMB26.00 billion in March 2021
HONG KONG SAR - Media OutReach - 8 April 2021 -In March 2021, the Group achieved contracted sales of approx. RMB26.00 billion, representing a YoY increase of approx. 157% (compared to March 2020). Contracted GFA amounted to approx. 1,491,900 sq.m. and contracted ASP was approx. RMB17,400 / sq.m. in March 2021.In the first quarter of 2021 (from January to March), the Group achieved contracted sales of approx. RMB56.70 billion, representing a YoY increase of approx. 153%. Contracted GFA amounted to approx. 3,401,100 sq.m.. Contracted ASP was approx. RMB 16,700/sq.m. in the first quarter of 2021.In the first quarter of 2021,
Seminar between Vietnamese Ambassadors and enterprises exporting goods to EU
A seminar between Vietnamese Ambassadors who are about to head to EU to assume office and Vietnamese enterprises exporting goods to EU took place on April 7 in Hanoi.
Fujitsu and Trend Micro Demonstrate Solution to Secure Private 5G
HONG KONG SAR - Media OutReach - 8 April 2021 - Fujitsu Limited and Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, have collaborated to focus on the security of private 5G networks. The companies will demonstrate the effectiveness of Trend Micro's security for private 5G using a simulated smart factory environment and an operational Fujitsu environment prior to the product's public availability. Private 5G network technology will be the catalyst for true smart factories globally. Connectivity and automation will link factory devices and business applications, improving production
Vietnam offers more incentives to attract FDI in high-tech industry
Vietnam will lure more foreign investment in the high-tech industry by offering more incentives and amending requirements for high-tech businesses.
Saudi Arabia one of Vietnam’s important partners in Middle-East – Africa region
Saudi Arabia is a major market and one of Vietnam’s important partners in the Middle-East – Africa region, said Deputy Minister of Industry and Trade Cao Quoc Hung.
ESR to develop US$2bn+ multi-phase data centre campus near Osaka CBD, Japan
TOKYO, JAPAN / HONG KONG SAR - Media OutReach - 8 April 2021 - ESR Cayman Limited ("ESR" or the "Company", together with its subsidiaries as the "Group"; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, has acquired a key data centre asset in Osaka, Japan. The asset comprises an existing data centre and excess land, totalling a development potential of up to 78MW IT load. It is expected to have a potential GAV of US$2.15 billion, depending on the ratio of operating model between powered shell and fully fitted configurations for each building. ESR will utilise the land to build two
