Thirty-six-year-old South Korean comedian Park Ji-sun and her mother were found dead at a house in Mapo-gu, western Seoul, according to the local police. Park was under treatment for a medical condition and her mother was staying with her in Seoul. Her father called the police after she and her mother did not answer their phones when he contacted them. The police said they entered the house and found the two already lifeless. Investigators said there were not signs of extern injuries to Park or her mother. Park was widely recognised for her work on various TV entertainment programs. She…
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.
Shoulder Innovations (SI) an emerging leader in the development of shoulder replacement systems, announced today that it has closed an oversubscribed $21.6 million equity financing. The fundraising, led by US Venture Partners together with Lightstone Ventures, also included participation by Alumni Venture Partners, Wakestream Ventures, Biosciences Research and Commercialization Center of Western Michigan University, Invest Michigan, and the Michigan Angel Fund, among others. Founded in 2009 by Stephen B. Gunther, MD, and Mike DeVries of EDF Ventures, Shoulder Innovations set out to develop a glenoid technology fixation solution for anatomic shoulder arthroplasty. For the five years that followed, Shoulder Innovations successfully secured meaningful issued patents, 510k clearance for the novel…
Sembcorp Industries (Sembcorp) announces that it has, through its wholly-owned UK subsidiary Sembcorp Holdings Ltd, signed and completed a sale and purchase agreement to divest 100% of its stake in Sembcorp Investments Ltd (SIL), which owns 100% of Aguas de Panama S.A. (APSA), to an affiliate of Seven Seas Water Corporation (SSW). The gross consideration for the sale of equity shares was US$47 million (approximately S$64 million1), and the consideration for assignment of the shareholder’s loan was US$1.8million (approximately S$2.4 million1). The consideration, net of relevant taxes, was received in cash upon completion. SSW is a portfolio company owned by…
amaysim Australia Limited (ASX:AYS) has today entered into a Share Sale Agreement (SSA) for the sale of amaysim’s mobile business (Mobile) to its long- term strategic wholesale partner, Optus Mobile Pty Limited (Optus), for cash consideration of A$250 million. Following a strategic review to consider options to maximise shareholder value and the recent sale of Click Energy for A$115 million, the Board believes that the Mobile Sale will unlock shareholder value by realising a premium for the Mobile business and providing compelling certainty for shareholders. The Mobile Sale will enable a substantial distribution of proceeds to shareholders. Subject to satisfaction…
Toyota is pleased to announce their support of the new NASCAR Cup Series team 23XI Racing, which is co-owned by NBA legend Michael Jordan and current NASCAR Cup Series championship contender Denny Hamlin. 23XI Racing will make its debut in the 2021 Daytona 500 with Bubba Wallace behind the wheel of the No. 23 Toyota Camry. The partnership with Toyota Motor North America (TMNA) includes support from Toyota Racing Development, U.S.A.(TRD), who will build the team’s engines and provide technology, data and technical assistance. “We are excited to be a part of this new team with Michael, Denny and Bubba,”…
The Islands of The Bahamas today announced streamlined entry protocols that will enable visitors to better and more seamlessly enjoy The Bahamas vacation experience. Effective 1 November 2020, The Bahamas will require all travelers to: Obtain a COVID-19 RT PCR test five (5) days prior to arrival. Apply for a Bahamas Health Travel Visa at travel.gov.bs For the duration of the visit, complete a daily online health questionnaire for symptom tracking purposes. Take a COVID-19 Rapid Antigen Test on Day 5 of the visit (unless departing on day 5). Always wear a mask and always social distance in public places.…
Linksys, the connected home division within the Belkin International and Foxconn Interconnect Technology (FIT) entity, has introduced the first 5G and Wi-Fi 6 Mobile Hotspot in Korea with Korea Telecom (KT), the largest Korean mobile carrier and in Hong Kong with CSL. The Linksys 5G Mobile Hotspot is powered by the Qualcomm® Snapdragon™ X55 5G Modem-RF System and Qualcomm® FastConnect™ 6800 mobile connectivity system. The Linksys 5G Mobile Hotspot harnesses 5G and Wi-Fi 6 for blazing fast and seamless connectivity. The device is the world’s thinnest and lightest 5G mobile hotspot and includes a USB-C port with Qualcomm® Quick Charge™ Technology, ensuring devices…
Agilex Biolabs, Australia’s most advanced FDA-inspected specialist bioanalytical laboratory for clinical trials, congratulates client company Shasqi on the announcement of the first-ever application of click chemistry in humans, with the launch of the Company’s lead clinical candidate, SQ3370. Shasqi is the first Y Combinator-backed biotech company to reach clinical development. San Francisco-based Shasqi said in the announcement: First Patients Dosed in Phase 1 Clinical Study of SQ3370 for Advanced Solid Tumor Malignancies Shasqi is First Y-Combinator Biotech Company to Reach First-in-Human Clinical Studies Shasqi, a clinical-stage biotechnology company developing precision activated oncology therapeutics with its proprietary Click Activated Protodrugs Against…
OurFamilyWizard® has released a series of social-emotional children’s books in an effort to further its mission of maximizing positive outcomes for children impacted by parental separation and familial conflict. Published in partnership with Lerner Publishing Group, the Many Ways series strives to connect with children by celebrating differences in family structure, living situations, and emotional responses. The series launched with four books: Feelings Like Mine, Homes Like Mine, Parents Like Mine, and Families like Mine. Each book enables parents, educators, family law professionals, and mental health providers to offer comfort and security to children who live within different family structures from…
The days of daydreaming of paradise from your makeshift home office or classroom are over. The Islands of The Bahamas announced its new Bahamas Extended Access Travel Stay (BEATS) program, a one-year residency permit designed to allow professionals and students to pack their laptop and their swimwear as they march to the island rhythm of their own drum, remotely, from The Bahamas. BEATS applies to those whose workplaces and classrooms have shifted from face-to-face to virtual as COVID-19 has brought unprecedented flexibility to the traditional work from home environment. With 16 islands to choose from and plenty of breathtaking views,…
AllHome, the country’s pioneering full-line home improvement store has announced its partnership with the Villar SIPAG foundation to establish the LIKHA initiative, an emphasis program aimed at the promotion of local handicrafts and products, boosting local community livelihood in localities all over the country where its 47 stores to date are present. The LIKHA initiative pilot was launched in AllHome NOMO, Bacoor Cavite, which featured locally-made products of Las Pinas from water lily stalks. “The LIKHA initiative in Las Pinas brings together the solution to two local problems: livelihood and waterway congestion. Local Las Pinas craftsmen are renowned for water…
LabCentral, the first-of-its-kind shared laboratory space designed as a launchpad for high-potential biotech startups, today announced it has partnered with BioLabs and E25Bio to launch the Cambridge Consortium for Rapid COVID-19 Tests (CCRCT). The goal of this new testing initiative is to combine resources and validate fast, affordable diagnostic assays to provide SARS-CoV-2 screening for asymptomatic populations as part of a strategy for safely returning to work, school or other aspects of daily life. The current gold standard for diagnosis of a SARS-CoV-2 infection is a real time-polymerase chain reaction (RT-PCR). This diagnostic method is time-consuming and dependent on expensive instrumentation…
James Avery Artisan Jewelry, a family-owned jewelry retailer based in Texas, announces the upcoming opening of its new Grand Parkway Marketplace store on Wednesday, November 4 in Spring, Texas at 6615 N. Grand Parkway West, Suite 320. “North Houston is growing, and Grand Parkway Marketplace in Spring is a great location,” said James Avery Director of Customer Service and Marketing Communications Lindsey Avery Tognietti. “This beautiful new store brings the James Avery shopping experience closer to home for new and long-time customers in the area.” Currently, the James Avery shopping experience may be a little different, but the company is…
BDO Leasing and Finance, Inc. (BDO Leasing) recorded P135 million in net income for the first nine months of 2020, reversing the P39 million loss in the comparative period last year largely due to lower interest and financing charges. Total expenses declined by 18 per cent to P1.9 billion, on reduced borrowings and lower funding costs, with interest and financing charges dropping by 55 per cent given the low interest rate environment. Meanwhile, gross revenues fell by five (5) per cent to P2.1 billion on lower interest income following the sale of BDOLF’s assets, covering lease receivables and other assets,…
Two dominant regional contract research organizations (CRO), Avance Clinical and Cromos Pharma, with operations in Australia and Central/Eastern Europe, respectively, are successfully collaborating on a scalable clinical solution for biotechs. The collaboration allows biotechs to quickly start their pre-IND early phase studies in Australia, then expand to Central/Eastern Europe to access the large patient populations for their Phase 2 and 3 studies. Importantly, the AU/EU model allows biotechs to keep their data and trial management in Australia, and take advantage of the Australian cash rebate of up to 43.5% on clinical trial costs, throughout all study phases, across both regions.…
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported PHP 14.4 billion consolidated net income in the first nine months of 2020, down by 48% from PHP27.6 billion in the same period last year. Consolidated revenue reached PHP60.7 billion, 29% lower from PHP85.0 billion in the same being reviewed. “SM Prime’s core businesses, primarily its malls, showed slight recovery as the government started to re-open more industries to help the economy going in to the second half of the year. We have also implemented tighter controls on our expenses achieving a major…
Heads up, Cebuanos! FamilyMart is opening in Cebu with three new unique outlets offering the best and newest of its Japanese food selection in a safer and more accessible way. Starting October 28, new FamilyMart stores at Phoenix V. Rama, Phoenix Banilad stations, and a stand-alone outlet in Banawa, will be offering FamilyMart Philippines’ best-selling products, including onigiri, ramen, Japanese sandwiches, and the Coffee Creations line. “There has been a clamor from our loyal customers in Cebu. After we have successfully built UP the brand in Metro Manila with the opening of generation 2 stores, and our shift to food…
In the past couple of months, the COVID-19 pandemic has caused multiple disruptions and safety concerns for organizations across every industry. As businesses struggle to create a safe, comfortable return for employees, customers, and vendors, touchless and thermal management has become an integral part of requirements in providing immediate, visual scanning solutions. FaceDeep 5 is Anviz’s newest smart face recognition terminal with a temperature screening function Anviz, a demonstrated biometric and AIOT technology provider since 2001, pioneered touchless registration and face-based check-in & access management of its latest innovation. It is excited to announce the release of a strategic addition…
Philex Mining Corporation announced that it temporarily suspended its underground operations for 2 days (October 23-24, 2020) to implement measures to minimize the risk of community transmission of COVID19 to its employees and their families who lives within the Padcal Minesite. The move comes after several employees of Philex were tested positive for COVID19 and were immediately given medical assistance, isolated and quarantined in accordance with the guidelines of the LGU, IATF and DOH. Some employees were isolated and quarantined in the medical and isolation facilities within the Minesite while some were sent to Baguio General Hospital for proper medical…
The blockchain-based decentralized finance (DeFi) protocol RAI Finance announced that it has succeeded in attracting approximately $1.5 million worth of strategic investment led by global crypto funds including GBIC and Alphabit. Rai Finance is a project which seeks to build a DeFi ecosystem with a higher amount of liquidity and diverse set of financial use cases by integrating with the Polkadot ecosystem. Rai Finance, combined with Polkadot’s cross-chain compatibility, was created to solve problems in building DeFi-based digital assets and supplying liquidity to existing distributed financial ecosystems. The ~1.5 million USD investment in Rai Finance is led by global renowned…