Author: Business News Asia

Pensioners in the Philippines are eagerly monitoring the development related to the increase in their Social Security System (SSS) pension after the House of Representatives approved a committee report on a bill increasing the pension by P2,000 (USD41) per month. The next move will be for the plenary to deliberate on the matter, with hopes that the increase will be implemented in time for Christmas. The report contained House Bill No. 18 or “An act mandating a two thousand peso across-the-board increase in the monthly pension with corresponding adjustment of the minimum monthly pension under the SSS.” The bill was…

Shenzhen Expressway’s Q3 net profits attributed to owners of the group hit Rmb332 million, a year-on-year increase of 5.7%, which is in line with estimates. From the period January to September 2016, the Group recorded net profits of Rmb947 million, a year-on-year increase of 11%. Toll charges were the main source of the Group’s revenue. From January to September 2016, the Group recorded toll revenues of RMB2.744 billion, a YOY increase of 25.4%. Following the February 2016 implementation of the ‘Three Projects’ toll adjustment proposals traffic volume along toll-free road sections had increased, thus driving the growth of traffic volume…

MACAU – The United States Patent and Trademark Office has granted Asia Satellite Telecommunications Company Limited (AsiaSat; SEHK:1135) a patent for providing effective satellite solutions for high-speed connectivity to aircraft. US Patent No. 9,425,888, titled “Methods and Systems for Providing High-Speed Connectivity to Aircraft”, is about the methods and systems that enable effective aviation communication via satellite over a broad area at high altitude. Example methods include the use of a wide-beam antenna on a satellite to provide a wide flatten coverage by transmitting signals at a frequency higher than 10 GHz and at a relatively low satellite power (EIRP)…

SINGAPORE – To support merchants seeking to engage Chinese visitors, the International Business Group (IBG) of Tencent has launched its international advertising solutions in Singapore. The roll-out of one-stop service advertising solutions include options to build brand awareness and develop product familiarity, prior to the Chinese tourist’s visit to Singapore as well as in-market advertisements to target Chinese tourists while they are in the country. According to data from the Singapore Tourism Board, Singapore saw 1.47 million visitors from the mainland in the first half of this year, up 55.2% from the same period last year. Chinese tourists accounted for…

BioMini Combo, a FAP20 certified dual-authentication RFID/fingerprint scanner, is now Android compatible, according to Suprema Inc, the leading global provider of biometrics and ID solutions. Suprema announced that the company will add Android version of BioMini Combo, which is designed to provide two-factor authentication solutions combining fingerprint, contact/contactless smartcards and NFC. With the recently added Android support, BioMini Combo is now compatible with wide range of Android-based mobile devices including smartphones, tablets and PDAs. “Android compatibility will allow users simpler operation without PC and provides greater versatility with custom-made Android apps for ID projects including electronic ID and e-government applications,”…

Researchers are trying to find ways to control cellular response in vitro using engineered materials in a continuous pursuit to regenerate injured or diseased tissues. Recent studies have found that nanoscale structure of the materials, on which such cells are cultured, affect how well they proliferate and develop into the tissues they are meant to become. Scientists from the University of Malaya in Malaysia, Dr. Belinda Pingguan-Murphy et al., together with Prof. Sheikh Ali Akbar of Ohio State University, reviewed the most recent research on how the nanoscale topographies affect cellular regenerative responses. For example, human fetal osteoblast cells that…

IR Magazine has released the shortlist for the upcoming IR Magazine Awards – Greater China 2016, with previous nominee China Telecom shortlisted in an impressive 10 categories. In a press release, IR Magazine said Cathay Financial Holdings, China Mobile, China Telecom, China Unicom, China Vanke, MediaTek and Taiwan Semiconductor Manufacturing Company are vying for best overall investor relations for large-cap companies. Anta Sports, China Metal International, Far East Consortium International, Kerry Logistics, Sa Sa International and TCL Communication Technology Holdings, meanwhile, will contest the best overall investor relations for small and mid-cap companies In close contention are Far East Consortium…

Betta Pharmaceutical Co Ltd (Bettapharma) becomes the first listed innovative pharma company to have listed on the Growth Enterprise Market Board (GEM) of the Shenzhen Stock Exchange. Bettapharma, an investment project of China Everbright Limited (CEL)’s Medical & Healthcare Fund, is an national-level high-tech pharmaceutical company founded by a team of PhD returnees. It has established an integrated organization of research and development, manufacturing, sales and marketing with emphasis R&D of innovative drugs and proprietary intellectual property rights. Ever since its establishment in 2003, it has fully committed to R&D and manufacturing of first class national innovative drugs with proprietary…

CITIC Telecom International CPC Limited has acquired the remaining floors of CITIC Telecom Tower as part of its efforts to push full-speed ahead in the expansion into the data centre market. CITIC Telecom, a wholly-owned subsidiary of CITIC Telecom International Holdings Limited, said the acquisition of CITIC Telecom Tower is the major driver in its thrust and the encouraging progress achieved is set to support CITIC Telecom in its efforts to capture the immense opportunities in the cloud computing service and data centre market. CITIC Telecom Tower located in Kwai Chung enjoys geographical advantages. It is also the second Hong…

Hong Kong-listed Modern Land (China) Co Ltd, a real estate developer of green technological properties, has entered into a subscription agreement with China Cinda (HK) Asset Management Co Ltd, making it the second largest shareholder of Modern Land. With the cooperation, Modern Land will replenish its capital base, integrate resources from property and financial business and upgrade market competitiveness. China Cinda (HK) Asset Management is a wholly-owned subsidiary of China Cinda Asset Management Co. According to the Subscription Agreement, China Cinda (HK) Asset Management Co., Limited has conditionally agreed to subscribe for and Modern Land has conditionally agreed to allot…

More than 100 Hong Kong and mainland Chinese companies are in Dubai for the fourth HTDC Lifestyle Expo, an event organized jointly by the Hong Kong Trade Development Council (HKTDC) and the Department of Commerce of Guangdong Province. A highlight of the expo was the networking luncheon organised by the HKTDC and Hong Kong Special Administrative Region (HKSAR) Government and supported by the Ministry of Economy, United Arab Emirates. The luncheon was attended by The Hon John Tsang, Financial Secretary of the HKSAR and His Excellency Abdullah Ahmed Al Saleh, Undersecretary of the Ministry Sultan Al Mansouri, and more than…

Hong Kong-listed dairy firm Ausnutria Dairy Corporation (HKEX:1717) has announced a positive profit alert for the third quarter of this year, with sales and profit attributable to shareholders expected to increase significantly during the said period. Ausnutria, which specializes in the manufacture and distribution of infant formula and nutrition products with production facilities based in the PRC, the Netherlands and Australia, anticipate that it will record profit attributable to the shareholders in the range of RMB135.0 million to RMB139.0 million for the 3Q2016, which shows a significant growth when compared with RMB9.7 million for the corresponding period in 2015. The…

Major shareholders have informed Quam Limited (0952) that they have entered into a Sale and Purchase agreement with Oceanwide Holdings International Financial Development Co, an indirect wholly-owned subsidiary of OceanWide Holdings. The agreement is to sell a total of 794,859,178 shares of the Company (which represents approximately 51% of the entire issued share capital of the Company (on a fully diluted basis)) at the purchase price of HK$1.38 per share for a total cash consideration of approximately HK$1,097,000,000. Completion of sale and purchase are subject to the fulfillment of certain condition precedents as set out in the Sale and Purchase…

台湾南部の高雄市で2017年10月1日から1カ月間にわたり、環境負荷の少ない交通行動の導入を目指す「エコモビリティ・ワールドフェスティバル2017」が開催されます。 国際的な持続可能性をめざす自治体協議会「イクレイ」に所属する組織「エコモビリティアライアンス」と高雄市が共催するもので、化石燃料を使う個人乗用車の使用減少などをはかることが目的です。 会場となる人気スポットの哈瑪星では期間中、高雄メトロやライトレールを含む公共交通機関、自転車などを利用したロハスなエコライフを体験していただけます。交通手段や気候変動に関心を持つ各国の代表と専門家によるエコ交通の実践方法も紹介され、持続可能な交通への取り組みを通じて、温室効果ガスの排出を削減し、気候変動の緩和に努めます。 高雄市では近年、持続可能な都市形態に転換するため、メトロ（MRT）やライトレール、インテリジェントバス停の整備など、人と環境にやさしいエコ交通の推進に取り組んでまいりました。 市内における自転車シェアリングサービスのサイクルポートは計159箇所、自転車専用道は全長755キロメートルに達します。今年6月には台湾初のライトレールの運行が始まり、持続可能な輸送手段の導入が着々と進んでいます。 持続可能性と環境保全の追求において、世界と歩調を合わせていくという強い決意を持つ高雄市。エコフレンドリーな交通手段の推進によって、誰もが暮らしやすいエコ都市になることを願っています。 – BusinessNewsAsia.com

华富国际控股有限公司(「本公司」，股份代号：0952) 获其主要股东(「卖方」)告知于二零一六年十月二十八日(交易时段后)，卖方与泛海控股国际金融发展有限公司(「要约人」，彼为泛海控股股份有限公司，其股份于深圳证券交易所上市(股份代号：000046.SZ )之间接全资附属公司及中泛集团有限公司之附属公司) 签订买卖协议，出售合共794,859,178股本公司股份，收购价为每股股份1.38港元，总现金代价约为10.970亿港元。有关股份占本公司全部已发行股本(按全面摊薄基准)约51%。 完成买卖交易须待买卖协议内之若干条件获达成，当中包括获得香港证监会对要约人取得本公司控制权的批准通知及获得英属处女群岛金融服务委员会对要约人收购本公司主要权益的事先批准。待完成本公司股份买卖交易后，要约人将提出可能无条件强制现金要约，以收购全部已发行股份(要约人已拥有的股份除外)，要约价为每股1.38港元。要约人亦会对全部未行使认股权证及以注销全部尚未行使购股权而提出可能无条件强制现金要约，要约价为相关行使价之透视价。 待该等要约截止后，要约人将对本集团的营运进行详细策略检讨。要约人无意终止聘用雇员或出售或重新分配本集团的资产。 关于华富国际 华富国际控股有限公司(华富国际)，于1997年在香港联合交易所有限公司上市(股份代号︰0952)。华富国际是一家以香港为基地的金融服务机构，集团现时业务包括华富嘉洛证券、华富嘉洛企业融资、华富嘉洛资产管理、华富嘉洛私人财富管理及华富财经网站。华富国际致力成为香港及中国企业与个人投资者的理想金融服务伙伴，并凭借丰富的网上财经资讯及多年经验，为客户提供卓越的一站式财经服务。此外，华富国际透过中国深圳、上海、沈阳、宁波、大连、北京、成都、杭州及厦门的代表处或全资拥有的外资企业，以及于日本、泰国、阿联酋、美国、英国、印尼、约旦及澳洲的环球联盟伙伴网络，为客户提供资本市场服务。- BusinessNewsAsia.com

세계 디지털 보안 분야 선도기업인 젬알토가 ‘링크어스 SIM 재활성화(LinqUs SIM Reactivation)’를 발표했다. ‘링크어스 SIM 재활성화’는 실시간으로 휴면 SIM을 재활성화시키는 세계 최초의 솔루션으로, 사업자가 일반적인 고객유치 비용의 일부만으로 서비스에서 이탈한 선불요금제 가입자의 서비스 재이용을 자연스럽게 유도한다. 젬알토의 이러한 혁신 플랫폼은 고객 재유치 과정을 간소화함으로써 고객경험 관리 전략을 강화하게끔 설계된 것이다. 과거에 서비스를 이용했던 가입자는 기존 SIM을 재사용하여 언제 어디서든 즉각적으로 네트워크에 재가입할 수 있다. ‘링크어스 SIM 재활성화’는 만료된 SIM을 사용하려고 시도하는 고객을 자동 감지하여 재활성화 시킨다. 또한 서비스를 자주 변경하는 가입자의 프로필 자료를 확보하여, 사업자가 그들의 개별 요구사항을 구체적으로 파악한 뒤 음성/데이터 플랜 및 번호 선택 같은 맞춤 서비스를 제안할 수…

GreaterChina Professional Services Limited (HK:8193), a fast-developing company since it listed on the Growth Enterprise Market of the Hong Kong Stock Exchange in 2011, announced plans to acquire Hull City Association Football Club, one of the football clubs competing in English Premier League. The proposed acquisition is part of GreaterChina Professional’s business expansion and diversification of income sources. According to the announcement published by the Group dated 13 October 2016, the consortium formed by the Group has entered into Heads of Terms with Allamhouse Limited, the Vendor, regarding the proposed acquisition by which the Group intends to acquire the target…

Indonesia’s flag carrier, Garuda Indonesia (IDX:GIAA), posted net income of US$19.6 million during the third quarter of this year as an outcome of the initial implementation of the ‘Sky Beyond’ strategy, with a focus on Return Maximization as well as the continuous proportional implementation of the financial efficiency policy. “This positive result was achieved through non-stop hard work in implementing the ‘Sky Beyond’ business expansion strategy, which played an essential role in promoting the company’s performance the quarter,” said M. Arif Wibowo, President & CEO of Garuda Indonesia, at the media conference after the regular analyst meeting, in Garuda Indonesia’s…

Global advertising spend is forecast to increase by 4.5% this year as a whole but will ease to 4.2% next year. Mobile will continue to be the fastest-growing ad channel over the period. According to the latest Consensus Ad Forecast from Warc, the marketing intelligence service, all major media channels, except newspapers and magazines, are expected to record adspend growth this year and next. However, the two largest, TV (+1.1%) and internet (+13.0%) are forecast to see their growth rate ease during 2017. The same is true for mobile, though it is still set to be the fastest-growing ad channel…

Sky Light Holdings Ltd (3882.HK), a Hong Kong-listed digital imaging device and solutions provider, has announced that its wholly-owned subsidiary has completed the acquisition of 100% equity interests in US-based action camera manufacturing group iON Group With the acquisition, Sky Light will focus on developing its own branded businesses and is set to create enormous synergies with the existing business. Total consideration of the acquisition amounted to approximately USD13.2 million “The completion of this acquisition is a major milestone for Sky Light. On top of enhancing our capabilities in the value chain, it will also strengthen our business, provide us…