Bursa Malaysia Derivatives Berhad (“BMD”) as subsidiary of Bursa Malaysia Berhad (“Bursa Malaysia”), will re-launch the Mini FTSE Bursa Malaysia Mid 70 Index Futures (“FM70”) contract, implementing several amendments to the contract specifications. The revamped FM70 contract will be made available to traders on Monday, 14 December 2020. The new improvements to the FM70 contract specification aim to increase cost efficiency in trading, thereby enhancing its appeal among retail investors. The revision in the FM70 contract specifications includes the following: Changes to the contract size with the contract multiplier to RM4 per index point from the previous RM2 per index…
Author: Business News Asia
Business News Asia
BusinessNewsAsia.com's Editorial team is composed of experienced professional journalist and financial professionals who have an average of 10 years of experience in financial and breaking news reportage.
As the Food & Drug Administration gives the green light to Pfizer’s COVID-19 vaccine, the Gerald R. Ford International Airport is prepared to serve as a national and international gateway for distribution. The Ford Airport is the closest airport to Pfizer’s Kalamazoo manufacturing operations with the infrastructure needed to support the transportation process. Ford Airport has a 10,000-foot runway, dedicated cargo facility, appropriate ground support and the capacity needed to stage and transport billions of doses of the vaccine, which must be kept at negative 94 Fahrenheit. Airport officials have been in talks with four global carriers that have expressed…
OtterBox Hong Kong, a subsidiary of smartphone protection firm Otter Products LLC, has acquired Roxfit, a UK based mobile accessories brand primarily tailored for Sony’s smartphone devices, for an undisclosed amount. The acquisition allows OtterBox Hong Kong to reach new demographics and new audiences throughout Asia Pacific and European markets, according to an announcement. Roxfit was founded in 2010 by Malcolm Stapleton, a veteran in designing and manufacturing mobile custom fit protective accessories. The relaunch of Roxfit will take place in early 2021. “We are extremely excited to add Roxfit to our portfolio of brands, as it is an important…
Many users around the world are unable to access Facebook Messenger, including in the Philippines and other parts of Asia, as the social media giant is reportedly hit by huge outage. Facebook Messengers users were complaining that they could not login, send messages, do video chats, or receive calls through the popular messaging app Thursday afternoon. Facebook has not issued a statement about the outage as of this posting. Aside from Facebook Messenger, Instagram and WhatsApp were also down in Europe, some parts of Southeast Asia, the Middle East and Australia. – BusinessNewsAsia.com
Hilton and Jin Jiang International today announced the extension of the Hampton by Hilton management license agreement, extending the contract until 2034 to create a network of more than 600 Hampton by Hilton hotels in China. In a virtual ceremony, Chris Nassetta (President and CEO), Alan Watts (President, Asia Pacific), Qian Jin (Area President, Greater China & Mongolia), Alexandra Jaritz (SVP, Brand Management), Lynette Lim (SVP & Assistant General Counsel), and Matt Fry (SVP, Development), joined the signing ceremony from McLean, Singapore and Shanghai. Jin Jiang International was represented by Yu Minliang (Chairman of Jin Jiang International), Zhang Xiaoqiang (Vice President of Jin Jiang…
Barangay Ginebra Gin King clinched their first title in the All-Filipino Conference since the 2007-08 season by defeating TNT KaTropa in an 82-78 Game 5 Wednesday at the AUF Sports Arena and Cultural Center. Japeth Aguilar tallied a career-high 32 points and added eight rebounds, three steals, and two assists. Stanley Pringle contributed 13 points, six assists, four rebounds, and a steal while LA Tenorio, who had 10 and six assists, bagged his fourth Finals MVP award. “When this thing started, we really didn’t have a lot of expectations for ourselves we were just thinking can we make the playoffs?”…
Century Pacific Food, Inc. (CNPF), one of the country’s leading food companies, has agreed to extend and expand its long-term agreement as original equipment manufacturer (OEM) for Vita Coco, the world’s leading coconut water brand. The multi-year contract – valued at more than USD$165M – reinforces CNPF’s position as the leading coconut water exporter from the Philippines and one of the largest suppliers for Vita Coco globally. “The extension of our long term agreement with the global leader in packaged coconut water is proof positive that both parties are fully confident that, together, we will continue on the growth trajectory…
Pico, a provider of technology services for the global financial markets community, today announced it recently closed on a strategic investment with Intel Capital, Intel Corporation’s global investment organization. This completes Pico’s $135M Series C investment round that will be used to further fuel Pico’s global growth and expansion plans. “We are honored and proud to have Intel Capital join as an investor and to reach this important funding milestone which is supporting our ongoing growth and global expansion,” said Jarrod Yuster, Pico Chairman, Founder and Co-CEO. “The strengthening of our balance sheet will continue to allow us to realize our differentiating strategy…
The 21st Asia TV Forum & Market (ATF), Asia’s leading entertainment content and conference, capped off the first week of its digital edition – ATF Online+, with 2,320 unique attendees from 60 countries and regions as of 4 December 2020. The platform is available on-demand until 28 February 2021. ATF Online+ kicked off with an Opening Ceremony at the new state-of-the-art Hybrid Broadcast Studio located in Marina Bay Sands, Singapore on 1 December 2020. Mr S Iswaran, Minister for Communications and Information, Singapore officiated the launch in front of a physical audience of key industry players. The event was concurrently…
On December 5th, the 3rd Hainan Island International Film Festival opened in Sanya, Hainan, China. Shen Xiaoming, secretary of Hainan Provincial Party Committee, and Shen Haixiong, deputy director of the Central Propaganda Department and director of the Central Radio and Television General Station, delivered speeches one after another, and then Shen Haixiong announced the opening of the film festival. This year’s film festival is sponsored by the Central Radio and Television General Station and Hainan Provincial People’s Government. The 8-day film festival has an exhibition show, an opening ceremony, a master class and an H!Future Newcomer Honor, H!Action Venture Capital…
Huawei Technologies (Malaysia) Sdn. Bhd. (Huawei) has brought the Huawei Spark programme to Malaysia — a programme which aims to incubate and accelerate company growth and build an ecosystem for businesses in the Asia Pacific (APAC) region. The programme was launched today in collaboration with the Malaysia Digital Economy Corporation’s (MDEC) Global Acceleration and Innovation Network programme (GAIN) and powered by TM ONE — the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM) — through its Alpha Edge Cloud platform. The competition was launched online followed by a panel discussion featuring experts from Huawei, MDEC and TM ONE on the…
Hidehisa Otsuji, chairman of the Parliamentary League for Animal Welfare, along with 10 members of the league, submitted a request letter to Prime Minister Suga Yoshihide in The Prime Minister’s Official Residence, turning a historic page on animal welfare in Japan. The request letter also lays the groundwork for a joint initiative between the United States and Japan on the International Agreement to Prohibit the Eating of Dogs and Cats. The request letter, co-signed by 34 supra-partisan members of the National Diet of Japan, stressed that, “the World Dog Alliance (WDA), an international animal welfare organization, is promoting the establishment…
In addition to accelerating national economic recovery in the midst of the Covid-19 pandemic, Indonesia’s government continues to support efforts in improving human capital competitiveness. This is done in order to better prepare them in facing the fourth industrial revolution and able to take advantage of the demographic dividend. This was discussed at a webinar held by the Covid-19 Handling and National Economic Recovery Committee (KPCPEN) titled “Preparing Human Capital Assets to Support Business Recovery in the Pandemic Era,” on Monday. Rosarita Niken Widiastuti, Ministry of Communication and Information Special Staff for Information and Public Relations, Digital Transformation and Inter-Agency…
The Asian Development Bank (ADB) and Gojek, formally known as PT Aplikasi Karya Anak Bangsa, have signed a collaboration agreement to conduct joint research on the impact of digitization and the coronavirus disease (COVID-19) pandemic on the operations and development of Indonesia’s micro, small, and medium-sized enterprises (MSMEs). According to ADB’s announcement, the agreement, signed by ADB Chief Economist Yasuyuki Sawada and Gojek Chief of Public Policy and Government Relations Shinto Nugroho, outlines research into the benefits of business digitization on MSMEs using Gojek’s extensive digital ecosystem. This is ADB’s first formal research collaboration with Gojek, one of Indonesia’s prominent…
Rai Capital, a recently established peer-to-peer (P2P) lending marketplace, has launched in Cambodia as it seeks to fill the gap in the country’s lending market, according to the company’s statement. Licensed and regulated by the Securities and Exchange Commission of Cambodia (SECC), Rai Capital is a joint venture with Goldbell Financial Services. It is designed for micro-entrepreneurs and individuals to promote financial inclusion in the country — enabling the local business and small and medium enterprises community the ease of access to credit or investments. Recognising the emerging gap in the lending market for proper and convenient access to financing in…
In anticipation of the expected resurgence of Philippine real estate, Mindanao’s emerging P33 billion iconic business district Davao Global Township (DGT) unveils the development’s mixed use first phase highlighted in its newly launched website. Project owner YHEST Realty and Development Corporation explained that Phase 1 consists of world-class residential towers, an office building destined to be one of the city’s most prestigious corporate addresses, an expansive DGT City Center composed of retail areas ready to address the new normal, and a cultural center. YHEST is a joint venture of leading developer in VisMin Cebu Landmasters Inc. (CLI) and the Villa-Abrille…
At the end of a year like no other, on 3-4 November 2020 over 2,000 accounting and finance professionals from across Asia came together virtually at the Accounting & Finance Show Asia to learn, network and discover new digital solutions for their business. Over the two days 120 expert speakers shared their insights across 5 channels covering digital innovation, digital practice, accounting tech and cash & treasury. Attendees were able to engage live with the speakers and ask questions during the panel discussions and presentations through the event platform’s live discussion feature. All sessions were screened live and made available…
Rotech Subsea, a trenching and excavation pioneer, has completed a major sandwave clearance and cable recovery in the English North Sea for a leading engineering and underwater services provider. Rotech’s next generation controlled flow trenching and excavation TRS2 tool was deployed for the sandwave clearance while its RSG tool completed the cable recovery. Aberdeen-based subsea trenching specialist was contracted by the client to provide its state-of-the-art TRS2 Controlled Flow Excavation (CFE) and Suspended Jet Trenching tool to carry out a sandwave clearance in the SNS sector. Rotech’s RSG grab system was mobilised to assist in the cable remedial works. The…
Members of the Cebu Chamber of Commerce and Industry (CCCI) have been urged by the Cebu City government to avail of the tax amnesty program. Special Officer of the Mayor for Finance and Treasury Atty. Jerone Castillo briefed the members of the CCCI on the salient points of the Cebu City Tax Amnesty Ordinance of 2019 in a webinar titled CCCI Tax Talks: Tax Amnesty Explained on Monday, November 23 via Zoom. Castillo was all praises for CCCI for instigating the creation of the Tax Amnesty Ordinance and crossing parties to push for its passage. “This is not a proposal…
Amorepacific R&D Center, together with KAIST, developed an original technology that reverses the aging process in human dermal fibroblasts. The system’s biology research was conducted in collaboration with a research team led by Professor Cho Kwang-hyun of the Department of Bio and Brain Engineering at KAIST. The result of the research was published in the online edition of an internationally renowned scientific journal, PNAS, on November 23. (The research article is titled “Inhibition of 3-phosphoinositide–dependent protein kinase 1 (PDK1) can revert cellular senescence in human dermal fibroblasts”.). As skin cells get older, their ability to divide becomes significantly weakened, slowing down the…